Floating Power Plant

Ivec RuFloating Power Plant

The most efficient converter kinetic energy of ocean wavesIvan Voropaev

Director

1. Conversion kinetic energy of the ocean wavesKinetic energy of the ocean wave is one of the best sources of clean energy. Water density is 800 times higher than air. Ocean provides waves almost 24/7

Driving factors

1. Growing electricity market, specially clean energy segment

2. Growing prices of coal and other fossil fuels

3. The absence of the commercially successful ocean wave energy converters

2. FPP is a new standard in industry

We analysed advantages and disadvantages of the each known approach and created ultimate design which combines simplicity of the oscillating water column and efficiency and durability of the modern wind turbines

1. Our floating power plant is efficient and durable device.2. The simplicity of our design is a key to commercial success.

FPP has 25 year life span and low operation expenses.

There are many different designs of wave energy converters

Figure Oceanlinx Power UnitFigure ORECon MRC

Figure WaveGen LIMPET 500

3. MarketFPP’s market consists of next main segments1. Off the main grid customers located in close to shore areas2. Grid connected customers located in close to shore areas3. Offshore industry and offshore wind projects4. Aqua culture, marinas, boatels

1. The generated capacity of off the main grid customers located in close to shore areas – tens Gigawatt-hours. Only in Queensland (Australia) Ergon Energy runs 30 diesel generators with total generating capacity of 100MW.

2. The average power demand of one oil rig is 5MWh. The annual fuel cost is $6,000,000.00

3. FPP can be used as a floating foundation for Offshore wind energy projects. The cost of the foundation for offshore wind turbines is 35% of CAPEX

4. AdvantagesThe cost of power from FPP competes power from the main grid and from wind turbines

1. FPP is most efficient converter kinetic energy of ocean waves.2. The cost kWh from mid range FPP is equal to power from the

main grid or wind turbine, which is 7c/kWh. The cost of kWh from large FPP is less. We estimate it as 2c/kW.

3. FPP can be used as a floating foundation for off shore wind projects. This solution increases generating capacity up to 100% and significantly reduces period of investment return.

5. FPP: Design and technologyThe unique design of the floating power plant creates constant unidirectional airflow which eliminates the need for expensive and complex air turbine systems1. Floating power plant is array of OWC’s. Each OWC has inlet and outlet valves. Oscillating water pushes air up through the outlet valve and sucks it back through the inlet valve. It creates constant unidirectional airflow.2. To protect intellectual property we lodged PCT and patent applications in Australia, US, Europe and Japan. We continue to improve our technology and we will lodge more patents.

4. Market Russian Far East, Alaska, Canada, Ireland, Scotland, Japan, Australia,

New Zealand 2MW Diesel Diesel-generator($)

2000000.00OPEX,10% of CAPEX($) 200000.00Power output (kW) 2,000.00 Fuel consumption (L-h) 600.00 Annual fuel (L)

5,256,000.00 Fuel price ($/L) 0.50 Fuel annual ($) 2,628,000.00 Annual power output kWh

7,886,600.50 Diesel generator life-span (year) 3.00Operational time (year) 25.00Cost of kW ($) 0.44Total expenditure ($)

87,366,666.67

2MW FPPSize(m): 150Х150Х10OWC(m): 3Х3Wave parametersHeight (m) 3.2Period (sec) 7.5Length (m) 99Velocity (m/s)

12.5Power from 1 linear meter (kW) 70Power outputInput from waves (kW) 5000Efficiency from wave to wire (%) 40Power output (kW) 2000CAPEX($) 16,000,000.00OPEX, 0% от CAPEX($)

1,600,000.00Annual power output (kWh) 17,544,065.93Operational time (year) 25.00Cost of kW ($)

0.12Total expenditure($) 56,000,000.00

6. Project teamWe are the team of professionals

Mr Ivan Voropaev is the founder and shareholder of IVEC. Mr. Voropaev previously worked for the largest Australian power distributors and power generators; and as the chief research officer for the Russian Military Space program. He has 25 year experience of project development and commercialisation.Mr Viktor Petunin is director and shareholder of IVEC RU. 20 year experience in project management and commercialisation

Professor Peter Nielsen, the University of Queensland. Peter has 20 year experience of R&D projects, related to ocean energy, waves and coastal monitoring

Our engineering team has 100 year plus of experience in power generating and marine industry projects.

7. FPP: Business modelWe design, manufacture and deploy Floating power plants for our customers. We sell and license our power plants and we sell power

1. Our model is based on the business model of the wind energy projects. Exactly as wind energy projects, we manufacture and deploy wave farms for our customers. 2. We sign power purchase agreements with power distributors to sale power.3. We licence our floating power plants to our customers4. Our current project is commercial unit for the ocean monitoring centre. Our clients are two Australian universities5. We already received letters from perspective customers

8. Next Steps

1. We will sign off power purchase agreements with power distributors2. To attract more perspective customers we will participate in conferences and clean energy exhibitions 3. We will organise fund raising functions

After deployment of the small commercial unit for the ocean monitoring centre we will initiate next round of the technology commercialisation. We will organise technology presentation on the running and generating power commercial unit. We will invite largest power distributors and power generators, representatives from offshore industry and local councils from the remote and close to shore areas

9. To investorsAfter deployment of the first commercial unit we will generate cash flow from licensing.

We already have two offers for mid range platforms for remote island communities.

We are going to develop small and mid range platforms for Far East of Russia and South Pacific.

Estimated project budget for 2MW platform is $16M

We are happy to discuss equity funding or project funding opportunities with perspective investors

Thank you

Ivan VoropaevDirector

[email protected]

Mobile: +61 438046507