Electrochaea  at  ECOSUMMIT,  London  2015  

October  6  and  7,  2015      

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Electrochaea  Executive  Summary  

§  OPPORTUNITY  –  CAPTURE  VALUE  BY  STORING  AND  DISTRIBUTING  RENEWABLE  ENERGY  THROUGH  EXISTING  

NATURAL  GAS  STORAGE  AND  DISTRIBUTION  SYSTEMS  §  TECHNOLOGY  

–  AN  ANCIENT  BIOLOGICAL  CATALYST  THAT  SHRINKS  THE  TIME  SCALE  OF  THE  GEOLOGICAL  CARBON  CYCLE  TO  THE  TIME  SCALE  OF  OUR  ECONOMY  

§  EXECUTION  –  FROM  LABORATORY  (1  LITER)  TO  COMMERCIAL  SCALE  SYSTEM  (4800  LITER)  IN  30  MONTHS  –  1  MWe  COMMERCIAL  SCALE  OPERATION  UNDER  CONSTRUCTION  (2016  COMPLETION)  –  FIRST  PRODUCT  SALES  EXPECTED  IN  2016  

§  FUNDING  –  FUNDED  BY  CONSORTIUM  OF  VENTURE  AND  STRATEGIC  INVESTORS  WITH  1:1  NONDILUTING  

EQUITY  

§ Electrochaea’s  vision  is  to  become  the  world’s  leading  player  in  power-­‐to-­‐gas  energy  storage  

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Source:  Fraunhofer  IWES,  taken  from  Trost  et  al.  (2012);  Energinet.dk,  Energi  2050  –  Vindsporet,  January  2011  

Problem:  Surplus  Electricity  Production  

Hydropower  

Wind-­‐Offshore  

Biomass  

Photovoltaic  

Geothermal  

Demand  

Wind-­‐Onshore  

Power  in  GW

 

Simulated  Power  Demand  and  Renewable  Electricity  Supply  in  Germany  in  October  2050,  Based  on  2006  Weather  

§  RENEWABLE  ENERGY  PRODUCTION  RESULTS  IN  SUPPLY-­‐DEMAND  IMBALANCES  AND  INEFFICIENT  USE  OF  EXISTING  ASSETS  

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Gas-­‐Fired  Power  Plants  

Biological  MethanaRon  

Gas  Storage  

Electrolysis  

CO2  Supply  

Wind  Energy  

Solar  Energy  

Other  

Power  Grid  

Power-­‐to-­‐Gas  System  

Gas  Grid  Uses:  §  Industry  §  Heat  §  Transporta`on  §  Power  

Hydrogen  

Carbon  Dioxide  

Methane  (CH4)  

Solution:  Power-­‐to-­‐Gas  Energy  Storage  

Biological  Methanation:  Power  to  Gas  -­‐  Energy  Storage  for  the  Carbon  Economy  

Methane  

Carbon  Dioxide   Work  Energy  

Oxida`on  Reduc`on  

Carbon  Economy  Biological  Methana`on  

Reduction Oxidation

Methanogenic  Archaea  Have  been  perfec`ng  biological  methana`on  for  >3B  years    

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Technology  Development    Partnering  for  Energy  Storage  via  Power  to  Gas  

•  Scale  up  in  10,000  liter  reactor  -­‐  Foulum  Denmark  –  2013  (project  lead)  •  BioCat  Project  (1MWe)  under  construcRon  –  Avedøre,  Denmark  –  2015  

construc`on,  2016  opera`ons  (project  lead)  •  POWERSTEP  (Horizon  2020)  Energy  PosiRve  Waste  Water  Treatment  plant,  

follow  on  to  BioCAt  –  2016  to  2017    (project  partner)  •  NREL/SoCal  Gas  (150KWe)  –USA  –  2015  construc`on,  2016  opera`ons  

(project  par`cipant)  

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§ Grid-­‐scale  energy  storage  market  is  forecast  to  grow  significantly  in  coming  years  ‒  Pike  Research  es`mates  that  market  will  grow  to  56  GWe  of  installed  capacity  by  2020  ‒  Navigant  Research  forecasts  that  21.8  GWe  of  storage  will  be  deployed  between  2013  and  2023  

§  Studies  predict  that  P2G  is  cheapest  and  most  effecRve  storage  technology  in  fully  renewable  energy  systems  ‒  Fraunhofer  ISE  forecasts  that  54-­‐85  GWe  of  P2G  capacity  could  be  installed  in  Germany  alone  ‒  PHOTON  predicts  that  67  GWe  of  P2G  capacity  could  fully  balance  future  German  energy  system  

‒  BCG  predicts  P2G  to  outcompete  compressed  air  energy  storage  aier  2020  

§ German  Energy  Agency  (DENA)  calls  for  1  GWe  of  installed  P2G  capacity  by  2022  

Addressable  Market  Long-­‐Term  Market  PotenRal  for  GWe  Energy  Storage  

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Mich  Hein,  PhD,  CEO/President  §  Co-­‐founder  and  managing  partner  at  Nidus  Partners  §  Formerly  EIR  at  UChicagoTech,  CEO  at  Chroma`n,  Founder  of  Helios  and  Epicyte  Pharmaceu`cal  (acquired  by  Biolex)  §  Raised  more  than  $32m  in  seed/venture  funding,  $25M  non-­‐dilu`ng  financing;  17  patents,  25  academic  publica`ons  §  B.S.,  Honors  Tutorial  College  of  Ohio  University;  MSc/PhD  in  Plant  Physiology,  University  of  Minnesota  

Doris  Hafenbradl,  PhD,  CTO  §  19  years  of  experience  in  biotechnology  and  pharmaceu`cal  industries  §  Formerly  with  Axxam,  BioFocus,  Proteros,  GPC  Biotech,  Axxima  Pharmaceu`cals,  GNF,  and  Diversa  §  Conducted  doctoral  research  on  hyperthermophilic  archaea;  PhD  in  Microbiology,  University  of  Regensburg    Fernando  Keuchen,  Head  of  Engineering  §  15  years  of  experience  in  project  management,  plant  commissioning,  and  technology  development  §  Formerly  commissioning  engineer  for  Alstom  Power  in  Spain,  Brazil,  Malaysia,  and  the  United  States;  Lead  engineer  for  SENER,  FLAGSOL,  Siemens  and  STS.    

§  Licen`ate  in  Industrial  Engineering  from  the  RWTH  Aachen  

 

Team  

Contact:      Mich  B  Hein,    PhD  Managing  Director  Semmelweisstr.  3  82152  Planegg  Mich.hein@electrochaea.com  +49  89  324936755  +49  162  486  2002  

   

Proven  ExecuRon