no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any...
TRANSCRIPT
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means – electronic, mechanical, photocopying,
recording or otherwise – without the permission of Plug Power Inc. COMPANY CONFIDENTIAL Copyright 2003 by Plug Power Inc.
Financing the Hydrogen Revolution, London, 26 February 2004Scott Hulett
Clean, Reliable, On Site Energy…
2
SAFE HARBOR STATEMENT
This presentation contains forward-looking statements, including statements regarding the company’s future plans and expectations regarding the development and commercialization of fuel cell technology. All forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those projected. The forward-looking statements speak only as of the date of this presentation. The company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company’s expectations or any change in the events, conditions or circumstances on which such statement is based.
3
Product Development
Plug Power’s strategy is to be a leading provider of
clean, reliable on-site energy.
We will profitably develop, market, manufacture, sell and
support systems for energy consumers worldwide
who value reliability and energy security.
Sales & Support
STRATEGIC INTENT
4
PRODUCT LINES
Backup power products• Telecommunications• Broadband • Industrial uninterruptible power supply
Battery-replacement modules • Material Handling Equipment
On-Site hydrogen generation• Industrial gas applications
Combined heat & power products• Remote residential• Small commercial applications
Home refueling systems • Residential & automotive
5
PROGRESSIVE MARKET ENGAGEMENT STRATEGY
Attractive market opportunities - Niche and Mass Government support increasing Selling products now Pursuing opportunities to enter commercial markets
• BACK-UP– Telecom, Broadband & Uninterruptible Power Systems
• ON-SITE HYDROGEN GENERATION– Generator Cooling & Metal Fabrication
• RESIDENTIAL AND SMALL COMMERCIAL– Niche markets – Remote commercial and residential
– Mass markets - Grid parallel residential and light commercial
6
Grid ParallelPower
2000
Innovators / Early Adopters
2020
Progressive market engagement
Value
Commodity
Pric
ing
RemoteStationary
Automotive
On-site H2
Generation
IntermittentPower
MARKET ENGAGEMENT
7
FIELD EXPERIENCE
144 systems are currently in the field in 20 U.S. states and 9 countries at 37 different customer locations
Systems have logged 800,000 operating hours and over 2M kWh since 2001
Installations are generating electricity for research facilities, commercial buildings, multi-family homes, military bases, utility substations, residences, a fire station, national laboratories and universities.
8
Grid ParallelPower
2000
Innovators / Early Adopters
2020
Value
Commodity
Pric
ing
RemoteStationary
Automotive
On-site H2
Generation
IntermittentPower
MARKET ENGAGEMENT
Progressive market engagement
9
GenCore 5T
Value PropositionValue Proposition Backup power technology
designed to increase network reliability while reducing system operating expense
ApplicationsApplications Telecommunication back-up power Industrial uninterruptible power Substation back-up power
H2 fueled DC back-up power supply
Valve Regulated Lead Acid Battery Replacement
10
System Reliability ImprovementSystem Reliability Improvement Enable power redundancy or replacement for
existing backup power system (batteries) Provide scalable backup power for system outages Increases network power security via remote
connectivity
Operating Expense ReductionOperating Expense Reduction Eliminates battery replacement and maintenance Reduces personnel callouts during power outages Alleviates space shortages for next generation
telecom networks Reduces customer churn resulting from network
outages
11GenCore systems replace or provide additional redundancy
~
Lighting
Heaters
Air Conditioning
911
T1
Critical Service
Transfer switch
AC Grid
AC Genset
Batteries(8 hr)
AC
DC
DC Genset
TYPICAL TELECOM INSTALLATION
12
5kW Fuel Cell Stack
-48V DC Converter
Hydrogen Fuel Storage
-40C Cold Start Kit
Cell Voltage Monitoring
(shown with composite tank Storage option)
(Adjust -46Vdc to -56Vdc)
Scalable hydrogen fueled fuel cell back-up power system
13
• 5kWe-net rated system (80% operating load)• 8 hrs of outage coverage• Average 8 outage hours per year• 4 Yr Battery Life• Battery cost of $180 (100A-hr)
LIFE CYCLE COST
Capital Cost (Installed)
Cost of Ownership(5 Years)
Cost of Ownership(10 Years)
17,500 26,992 34,475
16,490 18,533 20311GenCore
Battery Solution – New(w/Battery Cabinet)
11,000 19,765 26,706Battery Solution - Retrofit(Battery replacement)
14
4hrs / E-GHybrid
Weight (Lbs)
Footprint (ft2)
Volume (ft3)
Price (installed)
GenCoreGenCore
800
9.7
35.4
1,250
10.0
47.9
16,490 16,490
2,770
12.4
53.8
15,268
LPGFuel Storage
(Steel)Fuel Storage(Composite)
3,790
7.4
44.1
8hrs Battery
11,667
PHYSICAL COMPARISON
Light weight, low profile
Max Height 44”72”52” 72”
Big ValueItem
15
OEM/Distributor channel• Field Service• Direct Sales• Product content• Collaboration
1. Technical2. Marketing
Telecom/Cable Broadband/UPS
Multiple OEMs
Plug Power
Distributors
Fueling Service• Turnkey re-fueling• Storage inventory• Billing
Partnering for success
GENCORE MARKET ACCESS
16
Cost effective solution
Predictable performance/runtime
Scaleable
Low maintenance requirements
Tolerant/flexible in diverse environments
Extended back-up time operation
Simple operation
VRLA
Light-weight
Environment friendly
First Life-cycle
TECHNOLOGY COMPARISON