MW PEM FC Power Plants for Chemical Industry Middelburg September 24, 2010 Jan Piet van der Meer.
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MW PEM FC Power Plants for Chemical Industry Middelburg September 24, 2010 Jan Piet van der
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Transcript of MW PEM FC Power Plants for Chemical Industry Middelburg September 24, 2010 Jan Piet van der Meer.
MW PEM FCPower Plants
forChemical Industry
MiddelburgSeptember 24, 2010Jan Piet van der Meer
Agenda
2
• Introduction
• PPP business case
Focus
• Development and manufacturing of:
– PEM Fuel Cells – PEM Power Plants
3
History
• AKZO Nobel R&D worked on fuel cell materials like bipolar cell plates, catalysts, GDL and membranes since 1989
• In 1998 AKZO Nobel stops corporate R&D program and consequently the fuel cell activities
• NedStack took over all Akzo Nobel’s FC related IPR and the key people (7) that worked on fuel cells
4
Current situation
• 45 employees
• Europe’s largest volume fuel cell producer
• Independent, privately owned by 3 financial investors and an ‘employees’ foundation
• Automated production line on stream in 2011
5
Basics of the PEM fuel cell technologyInvented by Grove (1837)
6
Water
Unique product
• XL and HP stacks• 1 – 10 kW peak
• H2/Ambient air
• Proven durability• High efficiency• CE marked• Robust• Recyclable
7
Demonstration projects (I)
8
Uniflex14 kW net rated power bio-ethanol/ H2/E generator (incl. bundles & reformer)
Purity4 kW net rated power H2/E generator
Demonstration projects (II)
9
FC Boat2 x 30 kW net rated power H2/E generators (Germanischer Lloyd certified)
HyTruck16 kW net rated power H2/E drive line
City bus Arnhem30kW
Track record
10
290 back-up stations with NedStack stacks installed with untroubled operation since 2007
70kW demonstration PEM power Plant running >16000 hrs since April 2007
1MW plant sold to Solvay
Online expected Q2 2011
Medium term markets
Fork lifts Generators Busses & Trucks
11
Agenda
12
• Introduction
• PPP business case
13
PPP business case
Local conditions Resulting in
Hydrogen availability 2MW power equivalentPower price 60€/MWhHeat value 10€/MWhHydrogen value 0€/kgDiscount rate 16%Hours per year 8000Demi water value 0 €/m3
IRR …… %NPV …… K€Pay back time …… years
PPP business caseCapex, € mln
14
Total Capex
Blance of plant
OSBL
One-off stack costs
PPP business caseP&L, € ‘000
15
Hydrogen
Opex on site
0
GM
Power
Heat
EBIT
Service fee
PPP business caseCash flow, ‘000
16
17
Business case PPP
Local conditions Resulting in
Hydrogen availability 2MW power equivalentPower price 60€/MWhHeat value 10€/MWhHydrogen value 0€/kgDiscount rate 16%Hours per year 8000Demi water value 0 €/m3
IRR 8.4%NPV (870)K€Pay back time 7 years
