green hydrogen from renewable energy sources -new ...€¦ · line) industrial hydrogen consumers...

Greenhydrogenfromrenewableenergysources- NewBusinessesOpportunities

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GreenHydrogen provides innovative, modular and scalable electrolysers for energy storage and industry applications with focus on lowest possible Total Cost of Ownership.

2017

Baltic SeaRegionHydrogenNetworkConference

HENRIK STEEN PEDERSEN, DIRECTOR SALES & BUSINESS DEVELOPMENTM. +33 626 50 21 [email protected]

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Scalable electrolyser platforms for renewable energy storage and industry market applications

Executivesummary

Co-development with key suppliers and partners for production of all main system components

Standardised, modular approach for fast cost reduction when production scales

Versatility - same electrolyser for different applications

Turn-key deliveries – easy to deliver, install, commission, operate and maintain

Providing very high efficiency and lowest power consumption rate in the market

Outstanding price/performance ratio at +20% lower than market leader

Advanced software for automated operation & control, serviceability and standard components keep operating costs down

Scalable

Modular

Energy storage

…with low TCO

In a nutshell

Focus on delivering lowest possible Total Cost of Ownership

Go-to-Market: Partnership model for fast scaling of business and market presence – later outsource production in strategic markets

GreenHydrogeninshort

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Ownership distribution

Small strong core team (2017)

• R&D: 5 engineers, 1 PhD

• Management/Business Development: 3

Complete electrolyser design (alkaline & PEM)

• High yield electrodes (alkaline)

• Complete stack design incl. flow system (alkaline)

• Complete, modular Balance of Plant design (alkaline and PEM)

• Advanced inverter & power electronics (alkaline and PEM)

• Advanced Monitoring & Control software for automated production (alkaline and PEM)

Company established in 2007 in Denmark

• Funding history: EUR 6.0 million in equity and project funding

• 12 modular alkaline electrolysers successfully delivered in funded demonstration projects

• HyProvide A–series launched in 2017 – early commercialisation

• 1st A30 unit to be delivered December 2017 for methanation project

• 1st A60 unit to be delivered June 2018 for HRS

• HyProvide P1 launched late 2016 – 14 units sold in 2017

35%

16%14%

23%

12%

Eniig A/S (Gas + Elec. Utility company)Borean Innovation A/S (Incubator)Chr. Nielsens Fond (Local gas company)Nordtec Optomatic A/S (Power electronics)Key employees

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HyProvideA-seriesalkalineelectrolyserplatform

• Truly modular, standardised and

complete electrolyser unit

• Min. footprint: W:1800xD:1100xH:2300

• Output:20-60 Nm3 H2/h@35 bar -70 DEW

• Delivered pre-tested, ready to install and power up, non ATEX → low installation costs

• Scalable to large industrial requirements

• Fast unit cost reduction as production scales

HyProvide™ A60 – alkaline electrolyser* Depending on specs on chosen inverter ** HyProvide electrodes are designed for higher current density/cm2 – with larger inverter but same BoP

Feature Value

• Optimized for high efficiency &

automated, optimal production

• Advanced monitoring & control

• 15-100% dynamic production & fast

power up/down (<1 second)

• Lowest operational costs in the market

• Less power consumption per Nm3 H2

• Automated production – less manpower

• Versatile – can be used for any hydrogen application and power grid balancing

• Highly competitive on efficiency

• 4.18 kW/Nm3 (stack)

• 78.6 efficiency on full system*

• 50% output/unit improvement in 2018**

• Lowest price/performance - now and in the coming years

• Improved output/unit offered as a new unit - and as an upgrade to exiting customers

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HyProvideP-seriesPEMelectrolyserplatform

• CE approved standardised and complete

electrolyser unit

• Min. footprint: W:600xD:600xH:1100

• Output: 1 Nm3 H2/h @ 50 bar

• Delivered pre-tested, ready to install and power up, non ATEX → low installation costs

• Lightweight and easy to handle → low installation costs

HyProvide™ P1 – PEM electrolyser* HyProvide BoP is designed for 2 Nm3/h – with larger inverter and extra stack

Feature Value

• Optimized for high efficiency &

automated, optimal production

• Modules may be combined to deliver up to 5 Nm3/h

• 25-100% dynamic production

• Low operational costs

• Versatile – can be used for any hydrogen application and off grid applications

• Scalable to smaller HRS requirements

• Fast unit cost reduction as production scales

• Dryer available for a Dew Point of -30ºC

or – 70ºC

• 100% output/unit improvement in 2018*

• 80-100 bar version in 2018

• Lowest DEW point needed for compression and HRS

• Higher production on a small footprint

• Higher pressure means cheaper storage

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(sample 2 MW plant) (standalone unit)

§ Complete, modular MW scale electrolyser

§ 20/40/60 Nm3 H2/h units combined to several 1000 Nm3/h at 35 bar

§ Operation dynamics: 15-100% on systems

§ Power up/down in <1 second

§ Response time <1 second

§ Modules added like building blocks for MW scale applications

§ Easy and fast installation and commissioning

§ 1 Nm3 H2/hour, 5.5 kW, 50 bar

§ Modules may be added like building blocks for up to 27,5 kW

§ Dryers to deliver dry hydrogen

Rangeofscalablesolutions

HyProvide™ A20-A40-A60alkaline electrolyser

HyProvide™ P1PEM electrolyser

§ Scalable for large hydrogen requirements in energy and industrial applications

§ Energy: Hydrogen refuelling stations, Energy Storage/Power-to-Gas

§ Industry: Chemicals, steel, fertiliser, electronics & other industrial applications

§ Power storage/back-up for installations in remote/off grid locations

§ Hydrogen refuelling stations - small fleets and forklifts

Nm3

H2/daykW/h H2 Kg

/day€ per kg H2

20 85 43 6,12

40 167 86 4,56

60 250 130 4,05

120 500 260 3,97

180 750 390 3,85

270 1000 520 3,65

Priceforon-sitehydrogenproduction

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Based on 10 years operation, containerized versions delivered and installed in Europe, 10 years Service & Maintenance included, electricity price at 45 €/MWh, water and nitrogen included.

• To support different hydrogen business cases – it all starts with the actual costs of producing hydrogen.

• On-site production is often best in many applications – all depending on the actual consumption pattern and volumes

• GreenHydrogen can deliver small or big elctrolysersystems for on-site hydrogen generation – to fit the needs of the specific business case and application

• All you need is clean water and electricity - and we then deliver clean and dry hydrogen at 35 bar directly

• The cost of electricity corresponds to app. 62% of the production costs!

• As electricity is vital part for the hydrogen business to expand - delivery of renewable, green electricity at the right price is key!

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Energygeneration

Hydrogenintheenergyvaluechain

Electrolysis

H2 applications

Power-to-PowerBackup/storage

Power-to-Gas/methanation

On-site industry

Automotive

Energy stored in H2

Hydrogen Oxygen

Water

The principle of electrolysis

+÷

Target market segments

Power-to-GasMethanation

H2 refuelling stationsAutomotive

Power-to-PowerOff-grid installations

On-site industryhydrogen generation

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Marketreadiness

Segment outlook Market maturation Our strategy

2017 (2024)

2017

2020

2020

2017

Structured partnership

model

Opportunistic approach

20+% CAGR in refuelling stations (2015-30). 3 mn kg/day capacity – 2032 1

Onsite est. USD +1.2bn in 2024 2

Hydrogen generation market USD 115 bnwith CAGR 6% - USD 155 bn 2022 7

Exp. 60% CAGR between 2016-2020 to reach 29.4 GW capacity 3

Value of energy storage for micro grids to reach USD 22 bn 20264

Demo projects - policies will drive growth

Required electrolyser capacity expected to reach +100 GW (= 54 billion EUR) in EU 5

(1-5 kW)

(>5 kW)

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Marketstrategy

§ Pursue partnerships with industry leaders, system integrators, technology partners and green-energy project developers

§ Provide active support - pre-sales, sales and after-sales - in developing and delivering projects

§ Scale business on a lean structure, focused on reaching out to potential partners

§ Maintain opportunistic approach to client and project acquisitions

§ Participate in funded projects at request

§ Expecting opportunities to open as the market for electrolysers matures in these segments

Power-to-PowerEnergy Storage

Power-to-Gas(methanation)

On-site industrial

Automotive

Structured partnership model

Opportunistic approach

Power-to-Power/ Energy Storage

<10 kW

>10kW

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Globalpartnershipsandalliances

India

Tanzania

DR CongoSouth America

MEA

Parkudden Energi AB

Sweden

France + Europe

Europe

Projects ongoing

Long-term distributionpartnerships

Spain

Spain

Market segments





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Businessopportunities

Segment readiness Our deliveries

• HyProvide A and P series On-site hydrogen generator

• Complete Turn key solution for HRS

• Compression and storage solutions

• Complete Power-To-Power solutions

• Transport system for hydrogen (Virtual Pipe Line)

• Methanation solutions (Sabatier) with partners

Ready now for projects mainly for public transportation, logistic companies, forklifts, ships and cars

Industries today use hydrogen that typically are delivered on diesel trucks and that is not green. So it’s a question to replace delivered grey hydrogen with locally produced green hydrogen

Small off grid communities/houses can benefit form storing energy in hydrogen and use it to produce power and heat when there is no renewable energy available – in i.e. µCHPTelecom sites for long time back-up applications is a already existing market that is set to expand in the future

Power-to-Gas solutions where you have existing natural gas network and renewable energy sourcesMethanation for existing biogas sites to enhance the biogas and reduce CO2


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BusinessopportunitiesHRS

GreenHydrogen can deliver:• HyProvide A and P

series on-site hydrogen generators for other HRS solutions

• Complete turnkey solution for HRS for 350 or 700 bar



You will need to start with the actual consumers of the hydrogen which typically are:• Forklifts• Busses• Light Duty Cars wit Range extender• Trucks• Hydrogen scooters / bicycles• Ships• Cars• …

Business opportunities are to build and operate HRS for specific customers – with the possibility to start at low volume and expand when customer base increases.

The selling price of hydrogen is vital to make a good business case – Production prices for delivering 1 kg hydrogen at the pump starts around 6-9 €/kg – and selling price is around 10-15€/kg – so there is room for a margin if there is enough sales.

SIDE H 350/700 Dispenser


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BusinessopportunitiesIndustry

GreenHydrogen can deliver:




Industrial hydrogen consumers are typical:v Chemical plantsv Metal productionv Fertiliser productionv Oil & Petroleum refineriesv Electronics producersv Food processingv Perfume & essential oils productionv …

These typically receive “grey hydrogen” delivered by diesel trucks.

Business opportunities are to build and operate on-site hydrogen production for bigger customers – and for smaller customers to deliver clean green hydrogen to their factories. So it’s a question to replace grey hydrogen with locally produced green hydrogen – reducing CO2 and transportation.

Today the selling price of hydrogen to industrial customer are around 7-25 €/kg – all depending on location and volumes, so there is a margin to be made based on the production price of 3-6 €/kg.

HyProvide™ A20 – containerized


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BusinessopportunitiesPower-to-PowerGreenHydrogen can deliver:



• Complete Power-To-Power solutions as Hydrogen-Battery

The advantage of using a “hydrogen battery” is primarily long time storage without self discharge. You can i.e. produce in summer and use in winter – or make you own long time back-up energy storage when no renewable energy is available.

Small off grid communities/houses can benefit from storing energy in hydrogen and use it to produce power and heat when no renewable energy is available – in i.e. µCHP or Power-to-Power. This segment is primarily remote/off-grid communities and also clean green communities wanting to be independent.

Long time back-up applications for telecom/RBS sites is already a market set to expand in the future – and again especially where you need a long time, clean silent backup with low maintenance costs the Power-to-Power solution is very interesting.

Larger sites can also use the hydrogen battery solution to store MWh of energy with a small footprint. However this market is early stage (but still doable, even based on current technology).

Business will mainly be project based – and normally be part of a full off-grid solution with renewable energy production.

HyProvide™ P1


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BusinessopportunitiesPower-to-Gas

GreenHydrogen can deliver:

• HyProvide A and P series on-site hydrogen generator


• Methanation solutions (Sabatier) with partner

The Natural gas network – is the biggest available energy storage system in the world. You can transport the energy over big distances with practically no loos. Hydrogen can be injected directly into the natural gas network – and thus you can convert renewable energy from sun/wind/water into hydrogen and use it in the existing infrastructure. These projects are today driven by owners of Solar Power Parks and Wind Power Parks that are looking for ways to have a higher price for the electricity produced – and as electricity is the highest operational cost for producing hydrogen – these owners can end up with having a higher profit from their investments.

Methanation for existing biogas sites to enhance the biogas and reduce CO2 and then inject the CH4 into the natural gas network is a growing business – and naturally is depending on price of CO2 and the price of selling the gas to the network. The business opportunities exists – but needs the political willingness to support it before it will become a viable business – independent from subsidies.

Biogas plant where we will install HyProvide

• Hydrogen business is at the early start• We can deliver components or complete solutions –

complementary to possible local deliveries• Now is the time to take advantage of the new business

opportunities that are opening up• We are here to support the development of clean

green hydrogen business – and we want to do it with local partners in all areas

Summary

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green hydrogen from renewable energy sources -new ...€¦ · line) industrial hydrogen consumers...

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