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1 GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015
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GE’s Digital Wind Farm - - Governors' Wind Energy … GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015 58 224 420 '05 '07 '09 '11 '13 '15e Wind …

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Page 1: GE’s Digital Wind Farm - - Governors' Wind Energy … GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015 58 224 420 '05 '07 '09 '11 '13 '15e Wind …

1

GE’s Digital Wind Farm

Keith Longtin- GM, Renewables Product Line June 19, 2015

Page 2: GE’s Digital Wind Farm - - Governors' Wind Energy … GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015 58 224 420 '05 '07 '09 '11 '13 '15e Wind …

58

224

420

'05 '07 '09 '11 '13 '15e

Wind … a mainstream source of power generation

A decade of progress Global wind installations

Source: GE Marketing, GWEC, Navigant, REN21

*U.S. Unsubsidized

~8

Growing

Reliable

Low cost

Efficient

Mainstream

$60B /year

98% availability

50%+ cap. factor

4% of all power

~4.5 cent

power

2003

$5B /year

85%

availability

25%+

cap. factor

0.4%

of all power

15 cent

power

2015

GE tech innovation 1.5-70 1.5-82.5 1.6-82.5 1.6-100 1.7-100 2.0-116

~6

~4.5

© 2015 General Electric Company

GE Company Proprietary & Confidential

GE technology & innovation; $2B+ invested to make wind competitive

Cumulative (GW)

Wind LCOE (¢/kWh)*

~13

420GW

300

153

~10

92

Page 3: GE’s Digital Wind Farm - - Governors' Wind Energy … GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015 58 224 420 '05 '07 '09 '11 '13 '15e Wind …

21 24

2

3

11

10

2

2 2

2 4

4

5

8

'14 '15e

Wind industry ~50GW/yr world through ’18

3

GW

~50

China

India

APac

Eur

Eur-Off

49.2

LA

US

-1%

7%

22%

-2%

7%

-28%

-5%

0%

CAGR

(‘14-18)

MEAT

Can -5%

12%

55

Global dynamics

Catalyst Trend

EMEA: transition to auction system China: environmental concerns US: coal retirements + regulation Oil and gas price

Declining incentives

Cost effective

de-carbonization

Internet of Things

IBM, Envision entering

Software

adding value

FX risks multiply

Increased logistics challenges

Complexity of global supply

YieldCos and asset securitization

C&I expands RE demand

Non-utility

customers require

new solutions

21

3

9

3

3

4

5

Avg '16-'18

Global annual wind installs

© 2015 General Electric Company

GE Company Proprietary & Confidential

Complex global dynamics require new strategies to lead

Page 4: GE’s Digital Wind Farm - - Governors' Wind Energy … GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015 58 224 420 '05 '07 '09 '11 '13 '15e Wind …

The next evolution… Digital Wind Farm

4

• Differentiated technology Next generation of brilliant 2MW turbines Modular design, 20 unique variants

• Software + industrial internet Digital twin, optimized plant at pad level Predix enabled data analytics

• New business models Farm power guarantees + flexible services cash flow certainty; optimize yieldcos

Innovative hardware meets the industrial internet

© 2015 General Electric Company

GE Company Proprietary & Confidential

Page 5: GE’s Digital Wind Farm - - Governors' Wind Energy … GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015 58 224 420 '05 '07 '09 '11 '13 '15e Wind …

Technology: new 2MW brilliant, modular turbines

5

Quality • 2 prototypes (107 & 116) • 90+ component tests • 50+ items learned from 1.7-100

Serviceability • Increased accessibility, improved EHS • Simplified tooling interfaces • Universal machine head, hub, DTA

Performance • 116m- industry leading capacity

factor: 53.3%1 • Variable rotor (107m, 116m), tower

(80m, 94m), rating (2.02.4MW) • +20% AEP/MW over 1.79-100

Building the world’s most efficient wind farm

© 2015 General Electric Company

GE Company Proprietary & Confidential

1- 7.5m/s, k=2, AD=1.225

Page 6: GE’s Digital Wind Farm - - Governors' Wind Energy … GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015 58 224 420 '05 '07 '09 '11 '13 '15e Wind …

6

Leveraging the industrial internet for asset optimization

© 2015 General Electric Company

GE Company Proprietary & Confidential

Software: Predix enabled data analytics

Predix-ready Gateway

Predix: open developer software platform to collect & analyze data

Cloud connect: industrial gateway for farm-level, real-time data

Apps store: micro-services to manage assets

Electrical Signature Analysis Smart Signal

Actions

Turbine resets Site actions

Power Up

Fleet Visibility

Plan of the Day

Power forecast

Energy audit

Portfolio risk analysis

Tactical support (RCAs, parts, mgmt., crane mob.), grid response

Strategic planning (investments, insurance outage scheduling, supply contracts)

Reliability audit

PulsePOINT

01 1010 110010 0101010

Asset Monitoring & Diagnosis

Operational Efficiencies

Business Insights

Apps

Page 7: GE’s Digital Wind Farm - - Governors' Wind Energy … GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015 58 224 420 '05 '07 '09 '11 '13 '15e Wind …

high load + high shear 2.3-107 • tower: 94m HH

medium load + high shear 2.0-116 • tower: 94m HH

low load + low shear 2.3-116 • tower: 80m HH

Customer abandons deal due to lack of production

GE Company Proprietary & Confidential

© 2015 General Electric Company

Property

AirDensity[kg/m^3]

WindSheer

Flowincl.angle[deg]

Vref[m/s]

Ve1[m/s]

Vave[m/s]max/minRTI@15m/s[%]Ambient,max/min

#ofFlat/Complex

1.083-1.097

0.2

2.3-8.5

26.5-32

29.7-35.8

7.71/6.93

16.39/15.93

Value

SiteData

15/7Existing 1.5-77,80m

Curtailed Underutilized Ideal

Turbine load

3% • Original Layout: 1.7-103, 80m tower Minimal, 3 WTG’s 149.4

2.0-116, 80m tower Heavy, cut-outs at 10/m/s 145.7

• Economics do not work; new turbines curtailed due to loads

• 22 turbine project located in mid-Atlantic Site AEP (GWh) Curtailment

Case study: DWF impact to customer project (2015)

Page 8: GE’s Digital Wind Farm - - Governors' Wind Energy … GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015 58 224 420 '05 '07 '09 '11 '13 '15e Wind …

PowerUp +3%

Availability

+1%

8

© 2015 General Electric Company

GE Company Proprietary & Confidential

+26% AEP over original layout; successful execution of project

Case study: DWF impact to customer project (2015)

• GE worked with customer to improve layout & optimize turbines at pad-level

• Utilizing DWF modular blades

& towers, increased AEP +26% • Achieved 18% cost reduction

($/GWh) vs. original layout1

1 – includes CAPEx, BOP and O&M

Existing 1.5-77,80m

Curtailed Underutilized Ideal

Turbine load

Existing 1.5-77,80m

Curtailed Underutilized Ideal

Turbine load

146 GWh

2.0-116 80m

9.9%

3%

4.7%

1%

Swap 9x 94m

AE

P/y

r (G

Wh

)

120

200

140

160

180

2.0-116 New

layout

2.3-116 80m

8.4%

Swap 3x 2.3-107

3.2%

DWF Build

+26% AEP

184 GWh

DWF… AEP, $/MWh

-18% $/GWh

Maximizing value at every turbine

$/MWh1

Customer results

Page 9: GE’s Digital Wind Farm - - Governors' Wind Energy … GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015 58 224 420 '05 '07 '09 '11 '13 '15e Wind …

Upfront farm-level energy conversion guarantee

Reduces uncertainty & optimizes project financing

New business models: driving farm optimization

9

Flexible Service

Agreements

PowerUp* Platform

Farm-level Power Curve

Farm Optimization

Production-based pricing aligned to farm output

Expanding scope (eBOP, construction services, NERC)

Farm O&M Farm Guarantee

Applying the latest tech to the installed base

Commercial flexibility… “pay for what you get”

Line of sight to +15% AEP for older fleet

Outcome-based offerings backed by cutting edge technology & analytics

1 2 3 4 5 6 7 8 9 10

Project cash flows

Year of operation

Debt sizing

Rev

Cost

Wind PowerUp* Services *Trademark of General Electric Company © 2015 General Electric Company

GE Company Proprietary & Confidential

Page 10: GE’s Digital Wind Farm - - Governors' Wind Energy … GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015 58 224 420 '05 '07 '09 '11 '13 '15e Wind …

Next gen technology... solving key challenges

GE Confidential – Distribute to authorized individuals only

Modular blades Taller towers Grid response

Advanced larger, cost effective blades

160m+ towers, shipped in 40’ containers

Stronger, more reliable “grid-friendly” turbines

• Modular parts...repeatable,

high quality processes

• New materials...low cost,

robust materials

• Design for automation...

improved quality, labor

• Wind power to challenging

sites (ie. ridgelines)

• On-site assembly; bolting

system requires no re-torque

• Easier installation and

dismantling

• WindINERTIA* supports grid

stability in under-freq. events

• eBOP design & operation;

efficiency, 5-20% cost

Wind PowerUp* Services *Trademark of General Electric Company © 2015 General Electric Company

Page 11: GE’s Digital Wind Farm - - Governors' Wind Energy … GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015 58 224 420 '05 '07 '09 '11 '13 '15e Wind …

GE Business Unit Name 11

GE Renewables: innovative hardware meets the industrial internet

Digital wind farm changing the economics of wind

value across lifetime of farm Differentiated solutions

Technology New 2MW modular turbines, optimized to site

+20% AEP1

Software Predix enabled data analytics; asset optimization

Business models Farm power guarantees, flexible services

availability, OPEX

cash flow certainty

Domain expertise in wind Stable customer base Strong data accumulation

1- vs. 1.79-100

© 2015 General Electric Company

Page 12: GE’s Digital Wind Farm - - Governors' Wind Energy … GE’s Digital Wind Farm Keith Longtin- GM, Renewables Product Line June 19, 2015 58 224 420 '05 '07 '09 '11 '13 '15e Wind …