Enviro Ambient Corporation A Presentation Towyia.org/wp-content/uploads/2017/10/WIA-Presentation-One... · Electric Power Research Institute 10 CONFIDENTIAL – Enviro Ambient ©2017

Enviro Ambient Corporation

A Presentation To

Emerging Technologies

October 5, 2017

CONFIDENTIAL – Enviro Ambient ©2017

1

Overview

CONFIDENTIAL – Enviro Ambient ©2017 2

Company

• Privately Held - Headquartered in Boston, Massachusetts

• Original Equipment Manufacturer (OEM) of patented air quality control system

(AQCS) technology

• Engineering operations in Louisville, KY

• R&D Operations at Queen’s University in Kingston, Ontario Canada

Proven Technology

Multi-pollutant Unit (MPU)

• Advanced ‘all-in-one’ Multi-Pollutant Emission Control Reactor Module

• Multi-pollutant removal rates of greater than 95% (NOx, SOx, acid gases, heavy metals

including Hg, Residual PM2.5, PM10)

• Exceeds all current U.S. EPA Air Quality Regulation compliance levels for MATS,

CAIR, Boiler MACT and NAAQS rules.

• Operated both a coal unit and natural gas unit up to 5 MW Equivalent - June 2010 to

Jan. 2014

• Performance & economics evaluated by multiple 3rd parties including EPRI and Aecom

CO2 Capture Unit (C3)

• CO2 capture unit can be added-on to MPU to increase CO2 to 80% level

• Stand alone unit available removing only CO2 up to 80% level

Enviro Ambient is dedicated to the ongoing development of advanced, clean energy technologies

Strong Value

Proposition

• Lowest levelized cost solution on the market today for

widest spectrum of pollutants removed

• Smaller footprint, shop-assembled modules, and

shortest cycle time from engineering to operation

• Applicable to all fossil fuels

• Ideal for retrofit and new build applications

• Potential expansion of primary fuel options for owner

• Downstream byproduct revenue stream

History & Timeline


2010 2013 2004 2001 1997 1994

Initial

technology

conceived

Bench scale testing at

Brookhaven National

Laboratory

Technology Center

opened June 2010 in

Louisville, KY

Original Patent

issued

Corporate

operations begin

Formal recognition

by EPA

Series A round of investment

of $25 million USD

Initial angel funding

round closed

2012 2014 2006 2008 2011 2014

Enviro Ambient is formed

and secures agreement to

market and sell original

technology

EPRI Level II

technical & economic

evaluation released

Enviro Ambient

launches technology

acquisition initiative

Rice Alliance

Award

2015

Formation of

Enviro Innovate

2016

XPRIZE

Partnership is

Announced

Provisional

Patent Filed

Multi-Pollutant Reduction Process Overview


The control process is a closed-loop process that is reliable, flexible, and effective

1

2

3 4

5

Pollutants Condensed from Flue Gas

Stream

>95% Reduction in NOx, SOx, VOC, Hg,

PM 10 & PM 2.5

80% Reduction in CO2

Technology Center – Coal & Natural Gas


State-of-the-art facility opened in June 2010 to demonstrate the advanced multi-pollutant emission control capabilities of the Reactor Module

• Began Operation – June, 2010

• Coal Fired – Designed for 5 MW equivalent volume

• Natural Gas Units – Designed for 5 MW equivalent

volume

• Design Volume - 15,000 SCFM (7.1 N m3/sec)

• Eastern Bituminous Coal (2.2% Sulfur), PRB & Lignite

• Flue Gas Analysis

• Real time Emission Monitoring

• Sorbent Trap testing for Hg removal

• Proprietary Systems

• Ozone Generator

• Hydrogen Peroxide

• Waste Water Treatment

Design

Measurement

& Verification

Sub-systems

Validation

Unsurpassed multi-pollutant removal efficiencies

Sustaining fossil fuel generating assets requires disruptive technology to reduce multiple pollutants

Demonstrated performance for 3+ years

• Third party engineering validates technical

performance and life-cycle market readiness

• Component testing validates the design and

confirms no mechanical degradation

• EPRI confirmation of commercial readiness*

* EPRI neither endorses products or services, nor allows the data or other results of EPRI work to be used as an endorsement.

80%

EAC Reactor Module


EAC Reactor Module


Economic Comparison – Enviro Ambient v. Traditional Options


A fully installed system offers the most attractive compliance cost/performance value on a true multi-pollutant $/MPTon* basis

Source: Credit Suisse: Impact of EPA Rules on Power Markets, Bernstein Research, Midlothian Associates, EPRI, EAC Internal Analyses

EAC’s system is economically more attractive than traditional AQCS technologies on

CAPEX and OPEX and controls/reduces a broader range of regulated and unregulated pollutants

~30% CAPEX reduction on full multi - pollutant installation and ~15% OPEX reduction

* MPTon= Multi-Pollutant Ton (multi-pollutants - NOx, SOx, PM2.5, Hg, Halogens, etc.)

OPEX $0.008 kWh $0.007 kWh $0.002 kWh

100

900

800

700

200

600

300

400

500

1000

Cap

ital

Co

st (

$/k

W)

$0.015 kWh

CAPEX $350 – 500 kW $ 100 – 150 kW $200 -250 kW $430 – 700 kW $650 – 900 kW

$0.017 kWh

FGD (SOx)

SCR (NOx)

DSI (HCl & Hg)

Trad

itio

nal

AQ

CS

Tech

no

logi

es

(SO

x, N

Ox,

Hg,

HC

l)

Rea

cto

r M

od

ule

(SO

x, N

Ox,

Hg,

HC

I & C

O2

)

1100

CAPEX

SAVINGS

TRADITIONAL AQCS TECHNOLOGIES ($800 – 1100 kW CAPEX)

Reactor Module

($430 – 700 kW CAPEX)

Awards, Endorsements & Testimonials


Electric Power Research Institute


Assessment of Enviro Ambient’s technology for US power generators

“The…technology has the ability to accomplish multi-pollutant (SO2, SO3, NOx, Hg,

halogens and residual particulate matter) removal at very high efficiencies in a single

absorber vessel. The economic analysis of the…system indicates that the system

has a lower capital cost and fixed operating costs than the combination of traditional

air quality control systems that would be required to achieve similar performance.” 1

– EPRI Report – December 2011 Status of Multi-Pollutant Process Development: Low-Temperature Multi-Pollutant

Control System and Technical Review and Cost Projections

1 EPRI neither endorses products or services, nor allows the data or other results of EPRI work to be used as an endorsement.


EAC CO2 Capture Module

• IBM Watson AI XPRIZE • Shell Ocean Discovery XPRIZE • Adult Literacy XPRIZE • Global Learning XPRIZE • Qualcomm Tricorder XPRIZE • Google Lunar XPRIZE • XPRIZE Supporters: Elon Musk, Larry

Page, Dr. Craig Venter, Ratan Tata, James Cameron, Sergey Brin, and Eric Schmidt


XPRIZE – A Facilitator of Prizes

That Foster Global Innovation


™

DOE – A Similar Focus

In Q-1 of 2016, the United States

Department of Energy [“DOE”] announced

the following:

“Energy Department Requests Information on

Carbon Use and Reuse Technology

Opportunities for the U.S. Power Generation

Sector”

Innovative Approaches To Utilize CO2 Will Be Challenged Without Economic Forms of CO2 Capture

Conversion Technologies Will Not Become Viable Businesses Without Economic Forms of CO2 Capture

Expensive CO2 Capture Impedes Economic Utilization of CO2


™

The Major Issue - Cost


™

Conclusion

“If the CO2 is too expensive to capture, there is

no way that it can be economically utilized and,

as a result, the time and money that the XPRIZE,

the DOE and others would be investing in

supporting new and innovative approaches to

beneficially utilize CO2 from fossil fuel power

plants will be wasted.”


SaskPower Boundary Dam Case Study

Net Output – 110 Megawatts Over Ten Years to Construct Total CAPEX > $1.4 Billion USD With Power Plant > $12K Per Kw Without Power Plant > $6.7K Per Kw Parasitic Load, 25% of Plant


EAC CO2 Capture Module

CAPEX: $600 Per Kw

Parasitic Load: < 5% of Plant

Operating Costs: $4.00 - $8.00 Per Tonne of CO2

Awards, Endorsements & Testimonials


“by the time the technology center was shut down in 2014, and for a significant period of time leading up to that point, EAC consistently achieved 80% CO2 capture in the coal flue gas stream and I personally witnessed this level of performance during my last visit in May 2013. It is clear that the company understands their process well enough to make these process refinements with the resulting reductions as demonstrated consistently in Louisville, and in my opinion, the company understands the process well enough to build systems at a much larger scale than demonstrated for almost four years at its technology center in Louisville, KY.”

Dale T. Bradshaw Principal Electrivation LLC May 16, 2016

International Clean Tech Accelerator


http://www.enviroinnovate.co

m/news-events/index.shtml http://www.enviroambient.com

/news-publications/index.shtml

http://www.enviroinnovate.com/news-events/index.shtml




http://www.enviroambient.com/news-publications/index.shtml




Impact For XPRIZE

Support Carbon XPRIZE and Applicant CO2 Conversion Technologies Throughout the XPRIZE Competition Via Our Community: • Mentoring for CO2 Conversion Technologies • Funding Vehicle For CO2 Applicant Conversion

Technologies • Access to Highly Acclaimed Collaboration Partners • Post-Competition Commercialization Support For

Selected CO2 Conversion Technology Solutions • Provide A Pure Stream Of EAC Captured CO2


The Collaboration Team



Recent & Future Appearances

2016 Carbon Dioxide Utilization Summit

October 19 - 20, 2016

Lyon, France

Energy, Trade & Technology Conference

November 16 - 17, 2016 November 8 – 9, 2017

Boston, MA USA

Carbon XPRIZE TEAM Summit

December 8 - 9, 2016

New Orleans, LA USA

June 12 – 13, 2017

New York, NY USA

PetroChem Canada 2017

September 27 - 28, 2017

Sarnia, Ontario Canada

Wyoming Infrastructure Authority

October 5 - 6, 2017

Jackson, WY USA

World Class Management Team


Christine Frieze

Chief Financial Officer

• 25+ year veteran with successful financial

management experience in corporate finance, tax

credit equity financing and project financing

• Held various leadership positions with Meridian

Companies, Schoenfeld Associates, BOTEC and

Dober Lidsky Craig and Associates

Sanjeev Jolly, P.E.

Vice President, Engineering (Contract)

• 25 years experience in senior engineering roles in

design, sales and project execution of boilers,

emission reduction systems for combined cycle,

coal and wood-fired power plants

• Senior engineering positions with Vogt Power and

Caldwell Energy and is an active member of

PowerGen and ASME

Tom Thompson

President & Chief Executive Officer

• 20+ years executive experience in the power and

financial industries

• Successful history of expanding the markets of

established businesses across the glove

• Held various executive and senior leadership

positions at Capital Business Management Group,

Canada Trust, The Royal Bank of Canada, and

City First Trust Company

Over 75 combined years experience serving the power generation industry

Paul Scott, CPA

Vice President, Finance

• 10+ years of experience in the clean-tech industry

with significant experience in power industry

• 15+ years of corporate finance and mergers and

acquisition experience as partner in leading

Canadian mid-market investment bank

• 10+ years of start-up and turnaround experience

in software industry

Enviro Ambient Corporation

A Presentation To

CONFIDENTIAL – Enviro Ambient ©2017

24

Documents

Enviro Ambient Corporation A Presentation Towyia.org/wp-content/uploads/2017/10/WIA-Presentation-One... · Electric Power Research Institute 10 CONFIDENTIAL – Enviro Ambient ©2017