© 2018 Amber Kinetics.1
Our Products
2 © 2018 Amber Kinetics.
4-hour Discharge Duration
Solid Steel and Non-chemical
Modular and Scalable
© 2018 Amber Kinetics.3
© 2018 Amber Kinetics.4
Flywheel Array
© 2018 Amber Kinetics.5
© 2018 Amber Kinetics.6
© 2018 Amber Kinetics.7
Wind +
Solar
System overview
© 2018 Amber Kinetics.8
Rendering of Amber Kinetics 0.8 MW / 3.2 MWh M32 Array (0.4 acre)
© 2018 Amber Kinetics.9
Technical Specifications
© 2018 Amber Kinetics.10
M32 Specs
Nameplate Power 8 kW
Nameplate Energy 32 kWh
Discharge
Duration
4.0 hours
(minimum)
Efficiency
(round trip)*
> 86%
Daily Cycling
LimitationNone
Calendar Life** 30 years
Response Time < 1 sec
Cooling No HVAC required
Weight 10,500 lbs
* Measured at DC bus, includes self-discharge
** Assuming one full cycle per day
How the M32 flywheel charges and discharges
© 2018 Amber Kinetics.11
Full power achieved over full SoC range
>32 kWh and >4 hr discharge achieved
Flywheels can be used in many applications
12
Utility / IPP
“Front of the Meter”
• Capacity/Demand Charge
Reduction
• Energy Arbitrage
• Ancillary Services
• T&D Deferral
• Renewable + Storage
Commercial/Industrial
“Behind the Meter”
• Demand Charge
Reduction
• Energy Firming
• Backup Power
• Energy Arbitrage
• Renewable + Storage
Microgrids
• Capacity
• Energy Firming
• Backup Power
• Renewable + Storage
© 2018 Amber Kinetics.
Impressive Strides in Flywheel Technology
Other flywheels are designed for:
• <15 min duration
• Low $/W
© 2018 Amber Kinetics.13
Steel is the most cost-effective flywheel material for energy storage
© 2018 Amber Kinetics.14
• Energy storage is proportional to material strength
Material Strength Density
Cost /
Weight
Cost per
Strength Fabrication
MPa kg/m3 $/kg cents/Mpa
Steel 1400 7780 1 0.07Low-cost conventional metal
working
Glass
fiber1200 1200 3 0.25 Expensive composite processing
Kevlar
fiber3500 3500 12 0.34 Expensive composite processing
Carbon
fiber4000 4000 20 0.50 Expensive composite processing
Lowest figure of merit for
low-cost stationary storage
Summary of Operational Advantages vs Batteries
No degradation in power
No degradation in energy
Other Advantages:
• No daily cycling limitations
• Full power over full SoC range
• Zero variable O&M
• Highly accurate SoC measurement
• Not flammable
• Wide environmental temperature range
• No hazardous materials
• Steel is recyclable
© 2018 Amber Kinetics.15
Amber’s technology has been validated by two Independent Engineers Reports
16
Flywheel Energy
Storage Study
Independent Engineer
Report
© 2018 Amber Kinetics.
Flywheel Energy Storage Study
© 2018 Amber Kinetics.17
“Lower levelized cost of energy storage
versus other technologies”
“Full charge and discharge power
available at all levels of charge”
“Can be cycled frequently with no
impact to performance”
“Significantly longer life”
“Minimal maintenance”
Recommendations“Based on the results of this study, it is
recommended that the FES System be
adopted into the SGIP program. The
assessment provides sufficient
information to demonstrate the flexibility
and capabilities of this technology.”
© 2018 Amber Kinetics.
0
5
10
15
20
25
30
35
40
45
Jan-16 July Jan-17 July Jan-18 Apr
Flywheel Fleet: Over 50,000 hours run time
Ho
urs
(T
ho
us
an
ds
)
© 2018 Amber Kinetics.18
Gen3 prototype
© 2018 Amber Kinetics. 19
Our Economics
20 © 2018 Amber Kinetics.
Higher Renewable Penetration Requires More Cycling
21
Sources: California Independent System Operator, U.S. Energy Information Administration, 2016. Net Load – January 11. Net load—the total electric demand in the
system minus wind and solar generation—represents the demand that CAISO must meet with other, dispatchable sources such as natural gas, hydropower, and
imported electricity from outside the system.
2012
2014
2016
2018
2020
18
20
22
24
26
28
30
32
34
12
am
1a
m
2a
m
3a
m
4a
m
5a
m
6a
m
7a
m
8a
m
9a
m
10
am
11
am
12
pm
1p
m
2p
m
3p
m
4p
m
5p
m
6p
m
7p
m
8p
m
9p
m
10
pm
Gig
aw
att
s
California Net Load “Duck Curve”Projections Show 2 Cycles Per Day
© 2018 Amber Kinetics.
Amber’s Multiple Daily Cycles Generate More Revenue
22
Energy Arbitrage Value for 1 MW of StorageBased on 2016 PG&E LAP Prices
(Cumulative Aggregate Revenues)
$19,645
$21,677
$22,686
4th Hour 5th Hour 6th Hour
Source: Helman Analytics © 2018 Amber Kinetics.
$81,216
$95,107
$105,859
4th Hour 5th Hour 6th Hour
Amber’s Multiple Daily Cycles Generate More Revenue
23
Energy Arbitrage Value for 1 MW of StorageBased on 50%RPS (2026) CAISO Zonal Prices
(Cumulative Aggregate Revenues)Source: Helman Analytics © 2018 Amber Kinetics.
Lower Total Cost of Ownership Than Batteries
© 2018 Amber Kinetics.24
10 MW | 40 MWh - Total Cost of Ownership (20-yr NPV) ($ millions)
$15.0
$17.0
$19.0
$21.0
$23.0
$25.0
$27.0
$29.0
$31.0
1x Cycle / Day 2x Cycles / Day 2.5x Cycles / Day
Mill
ion
s
Flywheel Li-Ion Flow Battery
KESS economic
advantages v. Li-ion
increase with
utilization
Our Company
25 © 2018 Amber Kinetics.
History of Amber Kinetics
26
2009:
Amber Kinetics
founded by
Dr. Seth Sanders
and Ed Chiao
Corporate Timeline
2010:
Awarded $3.6 million
DOE Grant
2012:
Amber completes 5
kW long-duration
KESS prototype
2013:
Amber completes
Series A round
primarily from
founding partners
2014:
Amber’s 25kWh
long-duration KESS
operational in
Alameda, CA test
facility
2015:
Amber signs
agreement with
Hawaii Energy
Excelerator
2016:
Amber signs supply
agreements with HECO,
Emerging Power, and
EEI
2016:
Amber completes
Series B round;
awarded $2.0m
CEC Grant
2016:
Amber deploys
two KESS units with
customers in the
Philippines
2017:
First commercial
supply agreements
with multiple global
customers
2017:
2-year technology
and development
agreement with Enel
2018:
Hawaii Electric and
China Solar +
Flywheel Demo
projects operational
© 2018 Amber Kinetics.
2018:
Fleet reaches
50,000+ hours of
cumulative field
operations. Amber
completes Series C
round.
Co-Founders
27
Ed Chiao, Chairman & CEO
▪Prior to Amber, Mr. Chiao worked in utility-scale
solar development with Cleantech America
▪Education: B.S. degree in engineering from UCLA
Seth Sanders, Chief Scientist and Board Member
▪Professor of electrical engineering in the Electrical
Engineering and Computer Sciences Department at
UC-Berkeley
▪Education: B.S. in physics & electrical engineering,
and MS & PhD in electrical engineering from MIT
© 2018 Amber Kinetics.
Winner: PV Magazine 2017 Tech Award
28 © 2018 Amber Kinetics.
Winner: Frost & Sullivan
29
2018 North American
Alternative Energy Storage
Technology Innovation Award
© 2018 Amber Kinetics.
© 2018 Amber Kinetics.30
PBS NOVASearch for the Super Battery
https://www.youtube.com/watch?v=a4McN9OYDwg&feature=youtu.be&t=40m10s
The Wall Street Journal
© 2018 Amber Kinetics.31
vv
© 2018 Amber Kinetics.32
NatureWorld’s Leading Scientific Journal
http://www.nature.com/nature/journal/v545/n7654_supp/full/545S13a.html
CBS - Sunday Morning ShowEngineers attempt to create better batteries
© 2018 Amber Kinetics.33
29 January 2017 https://www.youtube.com/watch?v=NtzdoaSkHJ8
Our Projects
34 © 2018 Amber Kinetics.
Under ConstructionWest Boylston. Municipal Light Plant, Massachusetts
35
• 16 flywheels (128 kW/512 kWh)
• Massachusetts ACES grant awarded in November 2017.
• AC coupled with West Boylston MLP’s existing 370 kW solar energy system.
© 2018 Amber Kinetics.
2016 Philippines Pilot: Emerging PowerSubic Bay Area
36
Emerging Power & Amber teams with Model 25 pilot
installation at EPI Subic Bay solar plant
© 2018 Amber Kinetics.
© 2018 Amber Kinetics.37
2016 Philippines Pilot: EEIMetro Manila
© 2018 Amber Kinetics.
Hawaiian Electric Flywheel PilotCampbell Park Generating Facility, Oahu
© 2018 Amber Kinetics.38
© 2018 Amber Kinetics.39
Enel: Technology CooperationAmber Kinetics Central California Test Facility
© 2018 Amber Kinetics.40
China Solar + Flywheel Demo ProjectWestern China
ContactBill Golove, MBA/PhDVP Business [email protected]
© 2018 Amber Kinetics.41