1 Type -B Type -R
Type -B
Type -R
1
Agenda
Drakoo · Technology · Hann-Ocean The Past · The Present · The Future Type-B Sea Trial in Singapore 2
Abstracts A revolutionary WEC Drakoo - Dragon King of Ocean Capture close to 100% wave energy Peak conversion efficiency up to 81% Cost of electricity low to $0.07/kWh Load/Capacity factor 35% - 40% Cut-in waves as low as 0.2m Revenue No danger to marine lives $140,000,000 Survive in stormy seas $120,000,000 Plug & Run System Fixed or Floating $100,000,000
ROI: 4.7x in 5 years 10.7x in 8 years
Cumulative Revenue:
S$382m Type -R
Type -B
$80,000,000 $60,000,000 $40,000,000 $20,000,000 $-
2013
2014
2015
2016
2017
2018
2019
3
Hann-Ocean History
Floating Platform Technologies and Product Development Marine Design, Research & Development Applied Engineering & Design Solution Computer Simulations & IP Licensing
Technology and Market Development for Ocean Wave , Tidal Current Energy Conversion /Absorption
Est. 2005
Est. 2008
Supply of Floating Platforms / Pontoons / Barges Sales of Pontoon Securing Devices Est. 2008
4
Management Team Henry Lei Han Managing Director MSc Smart Product Design from NTU Singapore 11 years service at Defence & Science Technology Agency Singapore >15 awards including Innovation Excellence Awards Andreas Knie Corporate Finance Manager MSc International Business from Maastricht University Financial Controlling (BMW) and Sales (OBI) Liza Zhe Li Naval Architect MSc Subsea Engineering from Universities of Strathclyde and of Glasgow Structural and hydrodynamic analyses 5
Waves & WEC
Ocean Waves:
Stored wind energy High energy density Reliable source Predictable pattern Seasonal effect From: http://misclab.umeoce.maine.edu/boss/classes/SMS_491_2003/Week_6.htm
Drakoo Wave Generators:
Operational Waves: 0.2m to 5.5m Output Capacity: 1kW to 1.5MW
6
Technology Advancement Working Principle (internationally patented) Transforms waves into a continuous water jet driving a hydro turbine generator Proven repeatedly in lab tests and sea trials Wave-to-hydro power conversion efficiency to 100% at peak and 58% on average in regular waves, verified by Narec UK
Key Milestones Achieved 8
Type-B Prototyping
Power Take-off
Prototype
Hydro Turbine
9
Sea Trial Market Analysis
Drakoo-B0001 Tested at Tuas View Sea of Singapore in May 2011 www.hann-ocean.com
10
Development History Market Analysis
Click to play movie www.hann-ocean.com
11
Narec Test Report
Patented Design * CWR – Capture Width Ratio = Hydro Power Captured / Incident Wave Power within Net Width of the Inlet of the device
www.hann-ocean.com
12
Drakoo Efficiencies
Patented Design www.hann-ocean.com
13
Drakoo Product Variations
2x16kW
90kW Internationally Patented Design
3x50kW
Floating Modular WEC Type-B
1.5MW
14
WEC Benchmarking Technology
Drakoo’s Difference
Result
OWC
Two chambers and water-driven monodirectional flow Kaplan turbine
Higher efficiency Smaller size
Buoy
Permanent magnetic generator converts hydro power to electricity directly rather than through hydraulic motors
Higher efficiency Smaller size Low cost
Oyster
Pelamis
Coastal fixed breakwaters Installation not limited to sea-bed mounting Offshore floating structures No pump or water piping transmission loss Higher wave inputs offshore Higher efficiency No hydraulic system and can be fixed
Higher reliability Smaller size Higher survivability Low cost 15
WEC Benchmarking
Qualitative Comparison of WECs
Drakoo
PowerBuoy
Ceto
Oyster
Pelamis
Dimension
Description
Efficiency
Power generated per wave energy input
Simplicity
Shape, configuration and number of moving parts
Reliability
Use of commercially available parts
Durability
Survivability and life span
Versatility
Range of application
Cost-effectiveness
kWh per $ over life cycle
16
Competitive Advantages Excellent Efficiency – Capturing up to 100% and conversion up to 81% High Cost-Effectiveness – Cost of electricity $0.07/kWh for MW scale Versatile Deployment – Type-B & R, Fixed or Floating Broad Operational Range – 2sec to 16sec waves High Survivability – Pressure release mechanism Plug-n-Run Architecture – Detachable Power Take-off Eco-Friendliness – No danger to marine lives
Pressure Release Mechanism
Detachable Power Take-off
No Danger to Marine Lives
17
Key Milestones Type-R Large Scale
Innovation & Development Process
Type-B Large Scale
Type-B Small Scale
EMEC
Wave Farm
Project Insurance
2017
Narec Patents Granted
Sea Trials National Patent Filing
University Wave Flume Tests
2011
International Patent Examination
Proof of Concept
PCT Patent Application
2008
18
Drakoo-B0016 Market Analysis Jetty
Jetty
Floating Modular WEC
2 x Drakoo-B0016
Internationally Patented Design
www.hann-ocean.com
19
Drakoo-B0016 Market Analysis
Jetty
Floating Modular WEC Internationally Patented Design
www.hann-ocean.com
2 x Drakoo-B0016 20
Drakoo-B0004 Market Analysis Model No.: B0004G
Ver. 03/2012
Power Take-off Driver Peak Output (Cut-off) Min. Wave Height and Peak Period for the Peak Output Wave Absorption/Capture Efficiency (Peak) Overall Wave-to-Electricity Efficiency (Peak)
Kaplan Turbine 4.0 kWp
Load Factor/Capacity Factor
35 % - 40 %
0.9 m & 6 sec
- B0004G
> 80 % 55 %
Internationally patented All rights reserved by Hann-Ocean
www.hann-ocean.com
21
Drakoo-B0004 Market Analysis
- B0004G
Internationally patented All rights reserved by Hann-Ocean
Internationally Patented Design
www.hann-ocean.com
22
Drakoo-B0004 Market Analysis
Type-B
- B0004G
Mounted on Shoreline
All rights reserved Internationally patented
www.hann-ocean.com
23
Technical Specification Market Analysis
Key Parameters Model No. B0004G Height Width Depth Weight Draft Freeboard Material Position Keeping
Internationally patented All rights reserved by Hann-Ocean
Ver. 03/2012 2.95 m 2.97 m 2.31 m 1.3 t 1.20 m 1.14 m GRP Attachable to floating platform or self-buoyant with guide piles and/or interconnected with Hann-Ocean’s Rigid Pontoon Connector
Internationally Patented Design
www.hann-ocean.com
24
Technical Specification Market Analysis
Power Take-off System Model No.: B0004G
Ver. 03/2012
Power Take-off Driver
Kaplan Turbine
Electricity Generator
PMSG
Nominal Output
2.6 kW
Peak Output (Cut-off) Min. Wave Height and Peak Period for the Peak Output Output Voltage
4.0 kWp
220–360 Vac (3phase)
Wave Absorption/Capture Efficiency (Peak)
> 80 %
Overall Wave-to-Electricity Efficiency (Peak)
55 %
Load Factor/Capacity Factor
0.9 m & 6 sec
Internationally Patented Design
www.hann-ocean.com
35 % - 40 %
25
Performance Market Analysis
Power Output Scatter Diagram - B0004G
Predicted based on computer simulations and wave tank tests.
www.hann-ocean.com
26
Future Development Market Analysis
Drakoo-R Design Internationally Patented Design
www.hann-ocean.com
27
Future Development Floating Loop WEC
Type-B Integrated with Wind Turbine
Internationally Patented Design
www.hann-ocean.com
2828
Future Development Market Analysis Fixed Modular WEC
Type-B Integrated with Breakwater
Internationally Patented Design
www.hann-ocean.com
29
Future Development Market Analysis
Floating Point WEC
Type-R
Internationally Patented Design
Networked Wave Farm
www.hann-ocean.com
30
Cost of Electricity Cost of Electricity
US$/kWh $0.25 $0.20 $0.15 $0.10
Cost of Electricity
US$/kWh
$0.05
US$/kWh
$0.25 $0.20 $0.15
$-
$0.10 US$/kWh
$0.05 $-
where Technology Solar (Utility Scale) Onshore Wind Offshore Wind Tidal
where Technology Solar (Utility Scale) Onshore Wind Offshore Wind Tidal Wave (Pelamis) Drakoo-R1500
US$/kWh $ 0.23 $ 0.07 $ 0.12 $ 0.13 $ 0.21 $ 0.07
Source Renewables 2010 Global Status Report* Renewables 2010 Global Status Report* Renewables 2010 Global Status Report* VOITH GmbH Case study published in Renewable Energy HOE projection
US$/kWh Source Renewables 2010 Global Status Report* * Average of $ range0.23 indicated by original source $ 0.07 Renewables 2010 Global Status Report* $ 0.12 Renewables 2010 Global Status Report* $ 0.13 VOITH GmbH
31
Type -R
1
Agenda
Drakoo · Technology · Hann-Ocean The Past · The Present · The Future Type-B Sea Trial in Singapore 2
Abstracts A revolutionary WEC Drakoo - Dragon King of Ocean Capture close to 100% wave energy Peak conversion efficiency up to 81% Cost of electricity low to $0.07/kWh Load/Capacity factor 35% - 40% Cut-in waves as low as 0.2m Revenue No danger to marine lives $140,000,000 Survive in stormy seas $120,000,000 Plug & Run System Fixed or Floating $100,000,000
ROI: 4.7x in 5 years 10.7x in 8 years
Cumulative Revenue:
S$382m Type -R
Type -B
$80,000,000 $60,000,000 $40,000,000 $20,000,000 $-
2013
2014
2015
2016
2017
2018
2019
3
Hann-Ocean History
Floating Platform Technologies and Product Development Marine Design, Research & Development Applied Engineering & Design Solution Computer Simulations & IP Licensing
Technology and Market Development for Ocean Wave , Tidal Current Energy Conversion /Absorption
Est. 2005
Est. 2008
Supply of Floating Platforms / Pontoons / Barges Sales of Pontoon Securing Devices Est. 2008
4
Management Team Henry Lei Han Managing Director MSc Smart Product Design from NTU Singapore 11 years service at Defence & Science Technology Agency Singapore >15 awards including Innovation Excellence Awards Andreas Knie Corporate Finance Manager MSc International Business from Maastricht University Financial Controlling (BMW) and Sales (OBI) Liza Zhe Li Naval Architect MSc Subsea Engineering from Universities of Strathclyde and of Glasgow Structural and hydrodynamic analyses 5
Waves & WEC
Ocean Waves:
Stored wind energy High energy density Reliable source Predictable pattern Seasonal effect From: http://misclab.umeoce.maine.edu/boss/classes/SMS_491_2003/Week_6.htm
Drakoo Wave Generators:
Operational Waves: 0.2m to 5.5m Output Capacity: 1kW to 1.5MW
6
Technology Advancement Working Principle (internationally patented) Transforms waves into a continuous water jet driving a hydro turbine generator Proven repeatedly in lab tests and sea trials Wave-to-hydro power conversion efficiency to 100% at peak and 58% on average in regular waves, verified by Narec UK
Key Milestones Achieved 8
Type-B Prototyping
Power Take-off
Prototype
Hydro Turbine
9
Sea Trial Market Analysis
Drakoo-B0001 Tested at Tuas View Sea of Singapore in May 2011 www.hann-ocean.com
10
Development History Market Analysis
Click to play movie www.hann-ocean.com
11
Narec Test Report
Patented Design * CWR – Capture Width Ratio = Hydro Power Captured / Incident Wave Power within Net Width of the Inlet of the device
www.hann-ocean.com
12
Drakoo Efficiencies
Patented Design www.hann-ocean.com
13
Drakoo Product Variations
2x16kW
90kW Internationally Patented Design
3x50kW
Floating Modular WEC Type-B
1.5MW
14
WEC Benchmarking Technology
Drakoo’s Difference
Result
OWC
Two chambers and water-driven monodirectional flow Kaplan turbine
Higher efficiency Smaller size
Buoy
Permanent magnetic generator converts hydro power to electricity directly rather than through hydraulic motors
Higher efficiency Smaller size Low cost
Oyster
Pelamis
Coastal fixed breakwaters Installation not limited to sea-bed mounting Offshore floating structures No pump or water piping transmission loss Higher wave inputs offshore Higher efficiency No hydraulic system and can be fixed
Higher reliability Smaller size Higher survivability Low cost 15
WEC Benchmarking
Qualitative Comparison of WECs
Drakoo
PowerBuoy
Ceto
Oyster
Pelamis
Dimension
Description
Efficiency
Power generated per wave energy input
Simplicity
Shape, configuration and number of moving parts
Reliability
Use of commercially available parts
Durability
Survivability and life span
Versatility
Range of application
Cost-effectiveness
kWh per $ over life cycle
16
Competitive Advantages Excellent Efficiency – Capturing up to 100% and conversion up to 81% High Cost-Effectiveness – Cost of electricity $0.07/kWh for MW scale Versatile Deployment – Type-B & R, Fixed or Floating Broad Operational Range – 2sec to 16sec waves High Survivability – Pressure release mechanism Plug-n-Run Architecture – Detachable Power Take-off Eco-Friendliness – No danger to marine lives
Pressure Release Mechanism
Detachable Power Take-off
No Danger to Marine Lives
17
Key Milestones Type-R Large Scale
Innovation & Development Process
Type-B Large Scale
Type-B Small Scale
EMEC
Wave Farm
Project Insurance
2017
Narec Patents Granted
Sea Trials National Patent Filing
University Wave Flume Tests
2011
International Patent Examination
Proof of Concept
PCT Patent Application
2008
18
Drakoo-B0016 Market Analysis Jetty
Jetty
Floating Modular WEC
2 x Drakoo-B0016
Internationally Patented Design
www.hann-ocean.com
19
Drakoo-B0016 Market Analysis
Jetty
Floating Modular WEC Internationally Patented Design
www.hann-ocean.com
2 x Drakoo-B0016 20
Drakoo-B0004 Market Analysis Model No.: B0004G
Ver. 03/2012
Power Take-off Driver Peak Output (Cut-off) Min. Wave Height and Peak Period for the Peak Output Wave Absorption/Capture Efficiency (Peak) Overall Wave-to-Electricity Efficiency (Peak)
Kaplan Turbine 4.0 kWp
Load Factor/Capacity Factor
35 % - 40 %
0.9 m & 6 sec
- B0004G
> 80 % 55 %
Internationally patented All rights reserved by Hann-Ocean
www.hann-ocean.com
21
Drakoo-B0004 Market Analysis
- B0004G
Internationally patented All rights reserved by Hann-Ocean
Internationally Patented Design
www.hann-ocean.com
22
Drakoo-B0004 Market Analysis
Type-B
- B0004G
Mounted on Shoreline
All rights reserved Internationally patented
www.hann-ocean.com
23
Technical Specification Market Analysis
Key Parameters Model No. B0004G Height Width Depth Weight Draft Freeboard Material Position Keeping
Internationally patented All rights reserved by Hann-Ocean
Ver. 03/2012 2.95 m 2.97 m 2.31 m 1.3 t 1.20 m 1.14 m GRP Attachable to floating platform or self-buoyant with guide piles and/or interconnected with Hann-Ocean’s Rigid Pontoon Connector
Internationally Patented Design
www.hann-ocean.com
24
Technical Specification Market Analysis
Power Take-off System Model No.: B0004G
Ver. 03/2012
Power Take-off Driver
Kaplan Turbine
Electricity Generator
PMSG
Nominal Output
2.6 kW
Peak Output (Cut-off) Min. Wave Height and Peak Period for the Peak Output Output Voltage
4.0 kWp
220–360 Vac (3phase)
Wave Absorption/Capture Efficiency (Peak)
> 80 %
Overall Wave-to-Electricity Efficiency (Peak)
55 %
Load Factor/Capacity Factor
0.9 m & 6 sec
Internationally Patented Design
www.hann-ocean.com
35 % - 40 %
25
Performance Market Analysis
Power Output Scatter Diagram - B0004G
Predicted based on computer simulations and wave tank tests.
www.hann-ocean.com
26
Future Development Market Analysis
Drakoo-R Design Internationally Patented Design
www.hann-ocean.com
27
Future Development Floating Loop WEC
Type-B Integrated with Wind Turbine
Internationally Patented Design
www.hann-ocean.com
2828
Future Development Market Analysis Fixed Modular WEC
Type-B Integrated with Breakwater
Internationally Patented Design
www.hann-ocean.com
29
Future Development Market Analysis
Floating Point WEC
Type-R
Internationally Patented Design
Networked Wave Farm
www.hann-ocean.com
30
Cost of Electricity Cost of Electricity
US$/kWh $0.25 $0.20 $0.15 $0.10
Cost of Electricity
US$/kWh
$0.05
US$/kWh
$0.25 $0.20 $0.15
$-
$0.10 US$/kWh
$0.05 $-
where Technology Solar (Utility Scale) Onshore Wind Offshore Wind Tidal
where Technology Solar (Utility Scale) Onshore Wind Offshore Wind Tidal Wave (Pelamis) Drakoo-R1500
US$/kWh $ 0.23 $ 0.07 $ 0.12 $ 0.13 $ 0.21 $ 0.07
Source Renewables 2010 Global Status Report* Renewables 2010 Global Status Report* Renewables 2010 Global Status Report* VOITH GmbH Case study published in Renewable Energy HOE projection
US$/kWh Source Renewables 2010 Global Status Report* * Average of $ range0.23 indicated by original source $ 0.07 Renewables 2010 Global Status Report* $ 0.12 Renewables 2010 Global Status Report* $ 0.13 VOITH GmbH
31
