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Aurelia Turbines
The most efficient small gas turbines in the world
Ecosummit, April 2016
Introduction in just three steps.
Efficiency is the key in power generation.
We focus first in selected markets with little or no competition.
Strong demand of our products.
Cogeneration of power and steam can lower the primary energy need as much as 40%.
Cogeneration is widely used in larger industrial sites, but hardly never in smaller ones due to technical constrains.
The amount of SME industrial sites is huge.– Food industry, breweries, dairies…– Small industrial sites…– Foundries, building materials…– Etc.
Cogeneration of power and steam on SME industrial sites.
Sources: IEA, EU energy programs, German CHP association (CHP, Combined Heat and Power)
Power from grid, own boiler.
Cogeneration of power and steam.
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Steam Capacity [kW]
Dresser-Rand KG2-3S Kawasaki GPB17D Capstone 3*C200 (C600)
Capstone C200 Aurelia A400 Aurelia 3*A400 (1200)
Very limited existing offering– Engines: > 2 MWe
– Gas turbines: > 1.5 MWe
– Microturbines: only very small
Aurelia is the only profitable technology in this segment– Same technical solution used with
bigger gas turbines, but starting from 300 kWe
– Superior power to steam ratio
Microturbines
Aurelia
Gas turbines
Cogeneration capabilities of steam and power
Source materials: Dresser-Rand and Kawasaki, own data-sheets; Capstone, the data sheets of Saacke GmbH.
Until now almost totally untapped market
Example of new applications; Aurelia makes it possible to have an effective steam-CHP below 2 MW – as the first one ever!
General Overview
Food production facility in Veneto-region– Project part of Aurelia’s distributors’ existing portfolio– Customer needs power and steam
Installation– One A400 turbine, natural gas– Duct burner– Heat recovery steam boiler– Existing boiler plant works as back-up / peak-up
Future potential– This customer alone has more than 15 similar
installations
Financial CalculationAll €-values ‘000 €.
All the costs/earnings are existing customer figures. The plant is operational 5 days a week. If it would be 24/7, the savings would be approx. 25 % more and the pay back time approx. 1.6 years.
Customer case; food production facility in Italy. ROI of 1.6 years achievable!
Item Annual valueValue of electrical energy 470,3Value of steam production @6Bar 340,3 Value of hot water 77,6 Tax for electrical production - 34,0 Tax for electrical production for SEE SEU plant - 5,1 Cost of natural gas (new boiler) - 219,9 Cost of natural gas (turbine) - 252,3 Maintenance full service turbine - 20,0 Maintenance full service other equipment - 15,0 White Certificates TEP 51,3 Total Yearly Saving 393,0 Total Investment 800,0PAY BACK in years 2,04 PAY BACK in years without subsidies 2,34
Ordinary, 1-stage microturbine
Aurelia’s design (IRG2)
The technology builds on the classic turbine process, providing excellent efficiency gains over the competition and wide IP protection.
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Nominal capacity [kW]
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l effi
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Modular design – 3rd party components provide reliability and lower risk.
The two turbine units – onlycomponents manufactured by Aurelia
Industrial recuperator
Industrial combustion chamber ableto utilize large variety of fuels
Off-the-shelf, tested and proven power train
Aurelia has experienced, international team.
Tony Hynes, BA (Law)– C- & VP positions; GE, Calnetix,
Capstone, Bowman turbines, etc.– Excellent track record of value incr.
deals of 300+ M$ in last 36 months– Truly international network
Marika Gallar, M.A., MBA– Former positions; CGI, Nokia, etc.– Excellent track record of change
management and business operations development in various businesses
Matti Malkamäki, M.Sc. (Eng.)– Gas turbine experience since 1996,
small gas turbines since 2002– Entrepreneur since 2002– As CEO listed a company in Frankfurt
stock exchange 2010– Experienced in DE/CHP, technically and
economically oriented
Jari Backman, Prof.Dr. (Eng.)– Professor in LUT since 2009– High speed R&D machinery since 1983– LUT projects include Sulzer Pumps
Finland, Compair / Quantima, The Switch, Tri-O-Gen, Axcomotors, Visedo…
Aurelia Turbines – now seeking funding for early growth.
Small gas turbines (400 kWe)– Very high electrical efficiency, 20% better than competition– Pricing possible on customer benefits
Solid technology in the products– Leading university know-how– IP’s with the company– Clear path for future products
First focus on applications with little or no competition– Customer ROI’s even 1.6 years– Fast growing market
Truly exceptional team– Technical and international business– IPO, VC backed, large deals
Strong demand of our products.– 20.8 M€ pipeline to support 2016 sales– 98 M€ worth of LOI’s signed
• From only our first 3 distributors. Now more than 20 in discussions.
We seek funding for further growth– Preferably investors with corporate contacts, follow -on
funding, leads to M&A and IPO
EXIT oriented company
IFRS from day one. Auditor: KPMG. Immaterial service provider: Berggren. Legal advisor: DLA Piper. Shares in book-entry system. All the documentation in electronic format. Technology covered in technical journals.– All this enables us to be well-prepared for any exit-
process.
Please contact
Matti Malkamäki, [email protected]+49 176 3063 8250