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Resolute Marine Energy Clean Water From Ocean Waves
1
MRIA Ocean Energy Industry Forum February 2015
Winner West African Forum for Clean Energy Financing Competition (WAFCEF) 2013
Engineer of the Year “Sustainable development”, Usine Nouvelle 2012
Global Hot 100 Award, World Summit on Innovation and Entrepreneurship 2012
Winner, MassChallenge 2011
Runner up, Global Ideas Competitions 2011
Winner, Startup Open (Global Entrepreneurship Week) 2010
World Top 100 Marine Technology Company 2009 & 2010
Resolute Marine Limited Clean Water From Ocean Waves
Contacts:
William Staby, CEO and co-founder Olivier Ceberio, COO and co-founder
(917) 626-6790 (617) 281-8253
wstaby@resolutemarine.com oceberio@resolutemarine.com
Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary
The World Water Crisis is widespread but traditional desalination
technologies are out of reach
• Worldwide, over 1.1B people lack access to adequate supplies of clean water (i.e. meet UN-mandated minimum requirements)
• Over 2.5 million people die every year as a direct result
• Seawater desalination is an IDEAL solution (70% of earth’s surface is oceans) but is an extremely energy intensive process
• Utility-scale desalination projects require large, investments in electrical generating & transmission infrastructure which makes them unaffordable to RME target customers
• The only alternative solution, diesel-driven desalination systems, are expensive and environmentally unsound
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Fortunately, 40% of the most severely affected people in the world live in coastal areas with
access to unlimited “free” energy from ocean waves
Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary
RME solution: the world’s first wave-powered desalination system (Wave2O
TM) that requires NO ELECTRICITY to operate
Modular
Quick and easy to
install and maintain
Efficient
No electricity used
in water production
Clean
No greenhouse gas
emissions
Hybrid
Can produce both
water and power
Off-grid
Can be deployed
in remote locations
Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary
RME focus: Medium-scale (4,000 m3/day) wave driven desalination
systems for off-grid communities & regions in developing countries
Low cost water
$1.30/m3 (bef. RME
& investor profits)
Impactful
Provides water for
48,000 people
Attractive returns
Equity IRR 24% in
launch market
Rapid relief
Installs in a few
weeks
Low capital cost
$25M total cost
$8M gross margin
Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary
In Cape Verde, the 1st Wave2OTM system can be immediately competitive and is
3x less costly than the primary alternative, diesel-driven desalination systems
1.30
0.50
1.70
3.50
4.42
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
Capital,
O&M
EPC's
margins
SPV's
margins
Water
Purchase
Price
Average
cost of
water
LCO
W, $
/m3
Project finance
indicators
(no incentives)
CAPEX
$25M
OPEX
$1.1M/year
$1.8M/year first year
dividend
3.4x
“We have evaluated RME’s integrated desalination solution. Because the system runs on free energy from
ocean waves, it is a perfect fit for our immediate needs. We are eager to help develop a pilot and conduct,
with our local partners, the feasibility studies necessary for it. We would definitely place an order if the pilot
proves successful. The need is critical and RME’s economics and localized approach are very compelling.”
Alexandre Fontes, CEO, ELECTRA (Cape Verde power and water utility)
IRR 24%
Minimum DSCR > 2
30% Equity 70% Debt
Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary
Our addressable market exceeds $10B/year in potential revenue. RME has
commenced commercial project planning & financing in Cape Verde
Addressable market
$B/year
$2B/y
$1B/y
$0.5B/y
$0.2B/y
South Africa
- 4 District Municipalities
- Partnerships secured
Cape Verde/ECOWAS
- 1 pilot confirmed
- Partnerships secured
Yakutat, AK
- Project underway
(rural electricity)
Camp Rilea, OR
- Project in planning
(electricity/water)
RME offices
Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary
We are preparing for our first commercial demonstration in Cape Verde
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Q1 2013
Full-scale ocean
trial
Q1 2016
Spiddal
integrated test
Q4 2016
Commercial pilot
in Cape Verde
Q4 2017
1st Commercial
plant deployed
Q2 2011 2nd Tank testing
Scale 1:2 WEC
Q4 2012 1st Ocean trial
Scale 1:2 WEC
$1M AfDB SEFA
(pending)
€5.6M EU Horizon
2020 (Pending)
€3M EU Horizon
2020 (Pending)
€5.2M Eureka
Acqueau
(Pending)
Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary
Our company and technology are supported by
a strong network of partners and friends
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MIT (R&D)
Univ. Michigan (R&D)
USACE (Support testing)
US DOE (Funding)
US DOI (Funding)
Eire Composite (Production WEC)
Parker Hannifin (R&D)
EMEC (Certification)
Aquatera (Flora and Fauna Impact)
WSP (Civil engineering)
Fiberspar (Production pipeline)
ABB (R&D)
EU (Funding)
CSIR (R&D, Feasibility)
Micromatic (Production PTO)
Eureka Acqueau (Funding)
South Africa (DWA, DST, DEA)
SmartBay (Support Testing)
Satakunta Uniiversity (Water quality)
Tallinn University (Water system
modeling)
WIS (Production desalination)
Univ. Cork (Dissemination)
HWU - ICIT (Social Impact)
Univ. Cape Verde (Social Impact)
Geomara (Feasibility studies)
INMG (Feasibility studies)
INMG (Feasibility studies)
Electra (Water utility)
AfDB (Funding)
Cape Verde (MTIE, MAHOT)
Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary
9
“Whiskey’s for drinking
Water’s for fighting over” Attributed to Mark Twain
THANK YOU!
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