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Dr. Makhlouf Benatmane CEO CleanTech Forum Amsterdam – May 2011 1

CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

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Page 1: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

Dr. Makhlouf Benatmane

CEO

CleanTech ForumAmsterdam – May 2011

1

Page 2: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

To design a generator that

specifically meets the

requirements for large wind

turbines”

Dr Markus Mueller, Technical Founder

“Starting from a blank sheet we

created the foundation of NGenTec

technology with only one objective in

mind ….

Page 3: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

What we do ?

NGenTec supplies Direct Drive generators

using novel permanent magnet technology

for onshore or offshore wind turbines

Page 4: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

Gearbox Driven Direct Drive

Direct Drive Topology

NGenTec direct drive generator

Gearless solution

• Reduces component count

• Removes gear weight and through life

maintenance

• Increase in efficiency

• Reduces nacelle size, tower

structure and its foundations

Thus reduces the overall costs

Page 5: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

Huge Market Opportunity

• 38GW of wind energy capacity was installed worldwide

in 2010, representing an investment in wind turbines of

€50 billion

• 308 offshore wind turbines in 2010 (883 MW) worth €2.6

billion in Europe (50% growth from 2009)

• €150 billion annual global wind turbine installation

forecast by 2020

• By 2020 annual market forecast to be 1200 (7 GW)

offshore wind turbines in Europe (CAGR 21%)

Page 6: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

Huge Market Opportunity

6Source: KPMG

Page 7: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

Traditional machines

• Large stator

• Complex windings

• Heavy laminations and stator core

• Costly and lengthy repairs in case of failure

• VPI Tank size limits

• Handling of large magnets

• Long manufacturing timescale

• Cogging Torques

Typical Restrictions – Short Falls

Page 8: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

NGenTec DD Further Benefits

The NGenTec generator avoids previous restrictions and incorporated:

• Higher Reliability

• Minimum part count – use of standard parts with rewarding impact on supply

chain and costs

• Modular construction as in machine parts and scalable at multi-MW

= simple to manufacture, ease of assembly and transport

= flexible system design, high capacity factor

• Redundancy and Flexibility with resulting advantages for interchangeability

and wind turbine electrical system

• Each generator module to a dedicated power converter

• A number or all generator modules connected to a single converter

• A selected number of generator modules in operation to suit wind

conditions/wind turbine output

Page 9: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

NGenTec DD Further BenefitsThe NGenTec generator avoids previous restrictions and incorporated:

• High efficiency across full operating range

• Low or medium generator voltage designs

• No cogging torque and minimal noise – Eliminates the magnetic forces

between the rotating and stationary parts.

• Simple to manufacture, assemble and install

• Capable of integration and application for different wind turbine designs

• Easy to transport

• Hardly any maintenance required

• Reduced weight

• Cost competitive

• Reduced O&M costs

Page 10: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

Easy adaption to any wind turbine design and

requirements

e.g. Shaft-line, bearings, structure, cooling…

NGenTec DD Further Benefits

Page 11: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

Permanent Magnet

Non-Magnetic Stator Segment

Rotor Segment

NGenTec Direct Dive ValidationSatisfactory Testing of initial demonstrators

Full validation of design tools & models

Stacking of three stators in rotor module providing inherent redundancy

Page 12: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

Technology Scaling

Modular stator and rotor

constructions

Small “line replaceable” items

Full scale demonstrator

Page 13: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

Current Status

• Awarded £800,000 grant from DECC

• Raised £3.2 million from equity investments (SET VP, Scottish Government Co-investment Fund, and David Brown)

• Industrial partnership with David Brown

• Designing, building and testing a 1MW section of a 6MW generator.

• IP ownership transferred to the company

2012 2013

Research and Development

Initial Demonstrators

Research and Development

Initial Demonstrators

•NGenTec designed, built, tested

and developed C-GEN with four

prototypes at 15kW, 20kW,

25kW and 50kW

•15kW wind turbine

demonstrator

1MW Demonstrator1MW Demonstrator

•Design, build and test 1MW

section of a 6MW generator

6MW Generator Prototype6MW Generator Prototype

•Development of 6MW

generator with wind turbine

manufacturer

Sales GrowthSales Growth

•commercialisation of

NGenTec product and sales

growth

2005 2011

Page 14: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

2011 Funding

• Raising £6 million additional investment to:

– Develop and commercialise the 6MW generator

– Manufacturing / assembly facility

– Take the company through self sustainable growth

• Forecast sales of £85m in 2017

Research and Development

Initial Demonstrators

Research and Development

Initial Demonstrators

•NGenTec designed, built, tested

and developed C-GEN with four

prototypes at 15kW, 20kW,

25kW and 50kW

•15kW wind turbine

demonstrator

1MW Demonstrator1MW Demonstrator

•Design, build and test 1MW

segment of a 6MW generator

6MW Generator Prototype6MW Generator Prototype

•Development of 6MW

generator with wind turbine

manufacturer

Sales GrowthSales Growth

•commercialisation of

NGenTec product and sales

growth

2005 20122011 2013

Page 15: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

Business Model

• Design and supply PM DD generators to the WT industry

with design and assembly in-house

• Tailored “Framework Agreements” with wind turbine

manufacturers

• Focus on multi-MW market required for deployment in

2014 and beyond

• Pursue a comprehensive IP portfolio

Page 16: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

Excellent Board of Directors

• Dr Derek Shepherd, Non-Executive Chairman

• Dr Makhlouf Benatmane, Chief Executive Officer

• Dr Derek Douglas CBE, Non-Executive Director

• Dr Markus Mueller, Technical Founder

• Jim Boyd, Chief Financial Officer

• Gavin McCallum, Non-Executive Director (David Brown)

• Wouter Jonk, Non-Executive Director (SET VP)

Over 100 years of Industrial experience

Page 17: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

Summary

• Product with many proven advantages

• Huge global market opportunities

• Political support to diversify energy supply

• Strong management team

• Industrial partnership to de-risk and accelerate product to market

• High interests shown by many wind turbine makers

• Expect excellent returns and cash flow

• Target exit within five years

We aim to be the preferred supplier of generators to the renewable industry

Page 18: CleanTech Forum Amsterdam – May 2011CleanTech Forum Amsterdam – May 2011 1. ... • Each generator module to a dedicated power converter ... • Raised £3.2 million from equity

Thank you for your attention

Questions

Dr Makhlouf Benatmane

CEO

E: [email protected]

Mob: +44 (0)7415 124641

www.ngentec.com