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CleanTech Road. Harvesting renewable energy from the roadways for electrical power. Ian Martin, CEO Teresa Kruckenberg, CTO, R&D Geoff Gilmore, Product Development Siva Veerepalli, Sales & Marketing Bryan Clement, CFO and PPA’s. CleanTech Road. Our Mission:

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cleantech road

CleanTech Road

Harvesting renewable energy from the roadways for electrical power

Ian Martin, CEO

Teresa Kruckenberg, CTO, R&D

Geoff Gilmore, Product Development

Siva Veerepalli, Sales & Marketing

Bryan Clement, CFO and PPA’s

cleantech road1
CleanTech Road

Our Mission:

Harvesting renewable energy from the roadways for electrical power

(I-5 from SD to LA, with 8 lanes for 124 mi can power 400,000 homes)

*Assume medium day use (3000 cars/hr)

state green energy mandates
State Green Energy Mandates

*Estimates of range

the product energy harvesting slab
Piezoelectric devices embedded in slab under asphalt

Deflection of asphalt typically wasted as thermal energy

Deflection creates compressive strain on piezoelectric device –convert to electrical energy

Connect to grid, and/or store energy in battery, super-capacitor

The ProductEnergy Harvesting Slab

Thermal waste

Normal road deflection less than ¼” deflection

Device stiffer than road

cleantech road value proposition
CleanTech Road Value Proposition
  • Converts 65% of energy to power
  • Comparable to solar in cost
  • Doesn’t require new space – embedded into new or existing roads
how why
How & Why

To Power Grid

Connection

DC  AC

I5 San Diego to LA, 124 mi would yield 8GWh/day,

$1.6B system installation cost yields

$320M profit from device pads

Revenue $1.6M / day @ $.20 / kWh

$ 584 Million / year

$ 7.0 Billion after initial expenses over 15 years*

*3500 pads/mile, 335kWhr/mile, $60 mil for maintenance

Net metering

biz model
Biz Model

Utility

Co.

Customer

Cleantech finances the installations by repackaging the PPAs and selling to institutional investors seeking low risk and steady returns

Power Purchase

Agreement (PPA)

CleanTech Road

Customers sign a PPA with CleanTech;

R&D and Manufacturing of Piezo Electric Modules

CleanTech

Manufacturing

Re-sell PPAs to

investors

CleanTech

Installations

CleanTech gets development, installation and maintenance fees

Development and

Installation Fee

Maintenance Fee

Incentives/rebates

Profits

ppa economics
PPA Economics

4-8% ROI for investors, per mi financials no credit offsets included

Based 8MWhr/day @ 3000 vehicles/hr avg

how traffic affects revenue
How Traffic affects Revenue

Revenue per mile, single lane, per year

Revenue

Dollar/kWh

barriers to adoption
Barriers to Adoption
  • High initial startup costs
    • Creative financing
  • Ownership conflicts – government owned roads.
    • State of Calif PR from use, as publicly the generator of the power
      • Cost savings by being seller off power to distributors.
  • Roadway construction is very complex and disruptive.
    • Retrofit – Install process would be to done

lane/section running. Overnight installs

  • Unproven in the US
    • Current demo system in Israel – Innowattech
    • 10m yielded 2kWhr
competition
Competition

Current Competition

There are three potential competitors that currently exist on the market.

Highway Energy Systems (HESL)-A research company based in UK. formed by Peter Hughes that are focusing on electro-kinetic road ramps

Innowattech – is a privately held company based in Israel develop

an alternative energy system that harvests mechanical energy imported

to roadways, railways and runways.

Powerleap Inc.-is a company that develops floor solutions that generate electricity from pedestrian and vehicular traffic. The company

is based in Michigan, USA and was formed in 2008.

intellectual property
Intellectual Property
  • Open freedom to operate
  • Expect new IP generation for “system”, expect new IP with nanotechnology for piezo devices with reduced cost
    • Smaller
    • Requires much less deformation
    • More rugged (wider range of supported loads)
    • Lower manufacturing cost
    • Lower installation
phased funding
Phased Funding

Phase 3 - Full production, freeway installations VC funding – PPA purchase agreements, scale-up

Round 1 VC payback

$25-$30M

Phase 1 - Short stretch, University Property,

$2-$3M for road demo and R&D of the devices

Phase 2 - HOV / high use lanes 3-5 mile stretch, tie into local grid,

VC and grant funding

$10-$15M for initial start-up and facility

profit and loss statement
Profit and Loss Statement

33 mi, 4 lane completed,

20cent/kWh

PPA over 10 years

summary

CleanTech Road

CleanTech

Manufacturing

CleanTech

Installations

Summary
  • Because we offer a
  • Unique
  • Differentiated and
  • Effective solution

So Why Us?

Because we believe we have the capability to succeed

Because we hold the economical, technologically advanced solution for clean energy

Because there is great potential for future growth

competing technologies
Competing Technologies

In addition to traditional renewable energy sources and techniques such as solar, wind, hydroelectric, and bio, utilities companies are considering new sources and advanced technologies to increase generation from renewable sources

summary1

CleanTech Road

CleanTech

Manufacturing

CleanTech

Installations

Summary

Green Energy is big business, and power requirements are increasing

CleanTech Roads can provide a low maintenance, 20 yr duty solution

The power from instrumented roads in San Diego county alone could

support 500,000 homes with a revenue over a million dollars a day.

value prop mkt adoption
Value Prop/Mkt/Adoption
  • Macro level
    • California is single largest provider and consumer of green energy
    • San Diego county is largest solar market
    • Expected 2010 energy is $20B market in Calif.
    • Energy use continues to rise
    • Green Energy requirements are increasing (Calif law to increase by 1% per year)
    • Average CA home uses 587 kWh per month.(~20/day) (highest is TN 1302 kWh/mo)
    • Avg cost $0.13- $0.29 per kW resulting in avg cost of ~$100 / mo.
  • Other Factors
    • Many Cities and States are in financial trouble; looking for additional non-tax moneys
    • Federal grants available
    • Cities and States own the roads
major companies
Major Companies

Performs overall mgmt functions

Lobbies State & City Governments, Media

Clean Tech Mangement

Manufactures Device install pkg,

Clean Tech Manfacturing, Inc

Construction Mgmt Sub

Manages all construction sub-contractors,

Permits & Planning interface

Road Install Sub

(e.g. Irish Inc)

Installation company on existing roads

Road Install Sub

(e.g. Daley Corp)

Installation company on new roads

market
Market
  • In addition to traditional renewable energy sources and techniques such as solar, wind, hydroelectric, and bio, utilities companies are considering new sources and advanced technologies to increase generation from renewable sources
  • High Demand - Utilities are not on a trajectory to meet the mandates set by states
    • Looking for a portfolio of alternative means and technologies
    • For example, PG&E in CA is committed to buying from Solargen, which plans to generate energy by beaming solar energy from outer space
    • Cleantech would provide a very viable and competitive solution for renewable energy generation
road construction
Road Construction
  • Irish Co, Penhall Co, Daley Corp – installers
  • Installed during low traffic periods (nightly), road has full use during other times.
  • High use ~1Mwh/hour/mi @ 5000 volts, 200 amps 0 gauge wire required (typical size run to modern home)
slide26

Cleantech Business Model Canvas

Install,

Integrate &

Manage

PPAs

Peizo-

electric

PPA

Peizo-

electric

Energy

Road

Module

Manfs.

Road

Const.

Co.

Low –

Risk

Investments

Acquiring

PPAs &

Investors

Institutional

& Private

Investors

Dedicated

Personal

Assistance

Sales

Force

City

Governments

PPAs

Install,

Integrate &

Manage

PPAs

Acquiring

PPAs &

Investors

Management

Fees

Installation

Fees

presentation advice
Presentation Advice
  • Sound very confident
  • Dazzle xxxx show how huge the market is
    • BUILD it up! Show a giant market
    • Don’t use swarzenager
funding
Funding
  • How do initial VCs make serious money back?????? - VERY Weak
    • Liked manufacturer idea
  • 2 sets of VC runs
    • Second is deep pocket, dilutes yes but this will move us towards an IPO and fund initial major manufacturing
areas to work
Areas to Work
  • No Loop holes – No Magic
    • Power to grid question
    • Highlight how transferred to grid – MUST BE REAL
  • Where is first money coming from
    • Self, family, friends, local-groups, grants
  • MUST SHOW COMMITMENT
  • Why is our commitment believable?
  • Then VCs
weak areas
Weak Areas
  • How power is getting to grid
  • How we defend against large corps & capital
  • Must name a CEO = must be ready to commit.
  • What happens if our costs go up / relative
  • Phased approach (univ 30, HOV demo, freeway)
  • Follow the dollar,..,….
avg cars per day
Avg Cars per day
  • http://www.cahighways.org/stats3.html
  • I405 ~ 50mil 325k cars/day (1993)
  • I8 ~98miles, 250k cars per day (1993)
  • I10 ~160miles* 363k cars/day (1993)
  • 55K-150K cars per mile / day busy areas
competition1
Competition

Competitive Advantage

CleanTech - unique features that benefit the generation of renewable green energy, providing increased value to our customers giving clear advantage over our competitors:

Existing technology – with quick growth

Clean – no bio-hazard by products

Market ready - Californian road ways/building developers, major cities

Unaffected by weather

Uses existing space converts more energy to power – void sight pollution

Bigger investment but faster payback than traditional alternative energy