ITM Power Company Presentation

COMPANY PRESENTATION DECEMBER 2014 | LONDON

Contents:

• Introduction

• Grid Balancing

• Power-to-Gas Energy Storage

• Thüga project

• Low Cost | Low Carbon | Clean Fuel

• Refuelling station projects

• Summary


RAPID RESPONSE

HYDROGEN ENERGY SYSTEMS

RAPID RESPONSE ELECTROLYSER

ITM Electrolyser

Clean Fuel

Energy Storage Wind Power

Grid

Scalable | Rapid Response | Self pressurising

http://www.google.co.uk/url?sa=i&rct=j&q=wind+turbines&source=images&cd=&cad=rja&docid=KzXd5siJNeIKuM&tbnid=h-hYyflhIfoGuM:&ved=0CAUQjRw&url=http://strabanechronicle.com/2012/11/wind-turbines-blamed-for-aghyaran-television-disruption/wind-farms/&ei=SvMGUfDmD6Wx0AWozoHoCg&bvm=bv.41524429,d.d2k&psig=AFQjCNEDAWRGfxmJ8_6TXGstnq7lfotaSQ&ust=1359496394568348

GROWING WIND GENERATION

ENERGY STORAGE: THE NEED


• Evidence of grid balancing problems

from Germany and Denmark

• Problems start at 20% capacity

• UK hit this threshold at the

end of 2013

• Energy Storage is a Market Pull

Source: ITM Power plc, data from BWEA

THE NEED: GRID BALANCING

BALANCING SUPPLY AND DEMAND:

• A total of £725m paid for balancing services in 2010–11

• Estimates in 2020 are: circa £1.9bn – £5.9bn pa

• Tariffs already operational in the UK: FCDM response sub 2 seconds


REFUELLING STATIONS | P2G UNITS


RAPID RESPONSE ELECTROLYSER

Scalable | Rapid Response | Self pressurising

GRID

BALANCING

FREQUENCY

POWER-TO-GAS

THÜGA PROJECT

POWER GRID

Mechanical Inertia | Dynamic Coupling

• 3000 rpm | 50Hz

• Power | Frequency shedding

• Max 4% swing 48Hz|52Hz

• Obligation average 50Hz in 1hour

MECHANICAL INERTIA

POWER GRID OPERATION


ENERGY STORAGE | CLEAN FUEL

BALANCING SUPPLY AND DEMAND: SECOND BY SECOND



BALANCING SUPPLY AND DEMAND: SECOND BY SECOND

Dynamic

Rising Frequency

Falling Frequency

Supply Side Balancing Action

Turn OFF a generator

Turn ON a generator

Demand Side Balancing Action

Turn ON a load

Turn OFF a load


PRIMARY VS SECONDARY RESPONSE

RAPID RESPONSE ELECTROLYSIS

RAPID RESPONSE ELECTROLYSIS


FREQUENCY CONTROL BY

DEMAND MANAGEMENT (FCDM)

• Deliver in less than 2 seconds

• Maintain demand reduction | increase for at least 30mins

• Demand greater than 3MW; which may be achieved by aggregating a number of small loads

• Have a suitable operational metering

• Provide output signal into National Grid’s monitoring equipment

WHY POWER-TO-GAS?

POWER-TO-GAS RATIONALE

Electricity cannot be stored easily | Hydrogen can be stored easily in the gas grid

Source: ITM Power plc



ENERGY STORAGE TECHNOLOGIES

ENERGY STORAGE TECHNOLOGIES

Power-to-gas is efficient | long term | low energy cost

Source: ITM Power plc

P2G PLANT & VISITOR CENTRE


RAPID RESPONSE PEM ELECTROLYSIS


From a responsive to a dynamic DS load

• £0.4m TSB (UK Gov) grant

• Joint with AEG

• Responds to frequency

• Responds in one cycle

RAPID RESPONSE | HIGH PRESSURE

CPUC Sets the energy storage mandate for the power sector

• Energy storage target of 1,325 megawatts

• Obligation on 3 major CA utilities by 2020

• Optimization of the grid, including peak reduction

• Integration of renewable energy

• Reduction of GHG emissions to 80% below 1990 levels by 2050

“This decision represents an important first step in encouraging

the storage market and supporting grid reliability,” Commissioner Carla J. Peterman, the lead Commissioner for this proceeding.

CALIFORNIA ENERGY STORAGE

1.3GW ENERGY STORAGE MANDATE IN CALIFORNIA


CLEAN FUEL

WHAT IS A FCEV

THE CARS

REFUELLING

FUEL CELL CARS

WHAT IS A FUEL CELL CAR?

An EV drive train that’s refuelled rather than recharged

• Refuel in 3 minutes

• Range 400 miles

• Managed export of

energy from the grid


HYUNDAI IX35 FCEV

Launched in 2013

California, Germany and UK

Lease $499/month


TOYOTA MIRAI FCEV

Launch in 2015

California, Germany and UK

Sale $57.5k



UKH2MOBILITY

UK Government has committed £500m to ULEV

• Public consultation closed 9th January

• Industry call for evidence closed 9th January

• OLEV visited ITM Power and the CEC in California

• Initial roll out of 65 x 80kg/day stations | 50% electrolysis

• £11m first call announced

National Hydrogen Mobility Plans

ON-SITE HYDROGEN PRODUCTION


80KG/DAY REFUELING SYSTEM

UK REFUELLING STATIONS


M1 Refuelling Station | AMP Sheffield

• ITM Power’s second public station

• Opening in March 2015

• Currently operating at ITM Power




EcoIsland (TSB)

1x80kg | 1x15kg

£1.5m

HyFive (EU)

3x80kg

€3.0m

OLEV £11m Call

6x80kg

Tender

H2Mobility

65x80kg

Tender

H2Mobility

1,000 Stations

Tender

Development of a UK Infrastructure Business

• Grant funded Capex and Opex

• Maintenance contract with each award

• OLEV £11m announced | OLEV £60m call in early 2015

• OLEV have indicated £100m allocated for hydrogen (un-announced)


Selected by the LHP as the 2013 HRS partner

• LHP Funded the ITM Power 2013 JTI submission

• 100 Fuel Cell Electric Vehicles from 5 OEMs

• ITM to build 3 refuelling stations in London

• Backing from the Mayor’s office

• €18m total EU (JTI) funding

• £2.8m to ITM Power

LONDON HYDROGEN PARTNERSHIP


WWW.HYFIVE.EU


FCH JU 2: 2014

FCH JU 2: 2014


FCH budget €1.4bn, managed by the New Energy World

• Development: 100% of the total eligible cost

• Demonstrations: 70% maximum will apply for profit making entities

EcoIsland (TSB)

1x80kg | 1x15kg

£1.5m

HyFive (EU)

3x80kg

€3.0m

P1: Transport

2014: €40m

Tender

P2: Energy

2014: €40m

Tender

FCH JU2

€1.4bn

Annual Tender

H2USA


Hyundai, Chino 100% Renewable Hydrogen Station

CALIFORNIA REFUELLING STATIONS

CALIFORNIA REFUELLING STATIONS

2013 PON

Hyundai Chino

Won $1.3m

2014 PON

Riverside

Won $2.1m Bid

2015 PON

10x100kg

Tender

8 More PON’s

80x100kg

Annual Tender

California Hydrogen Infrastructure Deployment

• Fund of $200m for 100 hydrogen stations with up to $20m a year for 10yrs

• 2012: ITM Power Inc. established in California

• 2013: ITM Power Inc. wins H2 station award with 2 North American partners at Hyundai, Chino

• 2014: ITM Power Inc. wins H2 station award with 2 North American partners at the City of Riverside


Code Status Project Location Specification Funding Value Ownership

HRS 001 Operating Nottingham Univ of Notts 5kg/day 350 bar TSB (UK Gov) £275k Univ of Notts

HRS 002 Operating HOST Mobile refueller 15kg/day 350 bar TSB (UK Gov) £326k ITM Power

HRS 003 Operating Ecoisland marine Ventnor, Isle of Wight 15kg/day 350 Bar TSB (UK Gov) £326k ITM Power

HRS 004 Operating M1 vehicle M1 Junction 33 80kg/day 350Bar TSB (UK Gov) £1.2m ITM Power

HRS 005 In Build HyFive 3 stations in London 80kg/day 700 bar FCH JU (EU) £1.55m ITM Power



HRS 008 In Build CHINO Hyundai Chino, California 100 kg/day 700bar CEC £1.7m Hyundai

HRS 009 In Build Riverside Riverside, California 33kg/day 700 bar CEC £1.7m ITM Power

HRS 010 Development Hyundai London M4, A4 80kg/day 700 bar FCH JU (EU) £1.55m ITM Power

HRS 011 Development UK H2Mobility South East England 80kg/day 700 bar OLEV (UK Gov) £1.55m ITM Power



HRS 014 Development UK H2Mobility Mobile Station 33kg/day 350bar OLEV (UK Gov) £800k ITM Power

HRS 015 Development UK H2Mobility Mobile Station 33kg/day 350bar OLEV (UK Gov) £800k ITM Power

ITM POWER | REFUELLING STATIONS

REFERENCE PLANT | ASSETS


Commercial progress to date:

A Total of £7.87m of projects under contract

A further £1.3m of income already recognised in the period

All projects bid with a 50% upfront payment

Strongly developing pipeline of commercial sales and funded projects


ITM Power Company Presentation

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Transcript of ITM Power Company Presentation