Transcript mervento 3.6-118 - Vaasan Teknillinen Seura

Valtakunnalliset teknologiayrittäjyyspäivät Vaasassa 2014
Patrik Holm CTO Mervento Oy
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Mervento background and ownership
A well balanced ownership structure
Company Mervento Oty
Ownership
• Founded in December 2008
Soldino Oy, 3.2%
• Spin-off from engineering office Enmac which
was established in 1983
• Employs approximately 20 people
Personnel, 1.1%
Patrik Holm (CTO),
3.8%
EPV Energia Oy,
6.7%
• Located in Vaasa, Western Finland
• 2011 net sales 5.2 M€ from pilote turbine
• 2012 net sales 1.5 M€ from pilote turbine
Power Fund II Ky,
35.5%
Ahlstrom Capital
Cleantech Growth
Fund I, 7.6%
• 2012 Q1: Turbine sold in 2011 erected and
operational
Martti Ala-Vainio,
8.9%
• Financing up to now: 39 M€
Varma Mutual
Pension Insurance
Company, 19.9%
Vaasan Sähkö,
13.3%
Milestones
Enmac Engineering Office
2004-05
2006-07
Generator DD
PM
3.5 MW
- The Switch
Nacelle lay-out
- ScanWind
Generator
concepts
- The Switch
Nacelle factory
- Hollming Works
6 MW pre-study
- Enmac
Mervento Oy
2008
PMR 3150 D&E
- The Switch
Tower base
- The Switch
Generator 1.5 MW
- The Switch
2009-11
2012
Development of
3.6 MW wind
turbine
Pilot turbine
manufacturing,
assembly and
transport
Q1:Erection of
pilot turbine
2
2013
Testing of
the pilote
turbine
Q2: Commercial
Seeking
operation
growth
financing
2014
Preparation
for Baltic Sea
offshore
Partnership
program
initiatives
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OPPORTUNITIES IN WIND BUSINESS
 Finland has one of the best education systems in the
world.
 Large machines and small volumes, typical Finnish
industry.
 In this cold country energy business is well developed
and close to our hearts.
 The way of working in Finland supports new
developments and innovations.
BE
OPENMINDED
SISU
TRIAL AND
ERROR
COMBINATION OF
COURAGE AND PERSISTANCE
BE
YOURSELF,
BE HUMBLE
WORK
HARDER AND
SMARTER
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Miksi tuulivoimateknologiayrittäjyyttä:
1. Suomen koulutusjärjestelmä ja teollisuus soveluvat siihen
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Climate Change 2013 IPCC
Drivers of climate change
 Human influence on the climate system is clear.
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Source: Intergovernmental Panel on Climate Change
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Climate Change 2013 IPCC
Future global and regional climate change
 Global surface temperature change for the end of the 21st
century is likely to exceed 1.5°C relative to 1850−1900 for all
scenarios except RCP2.6.
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Source: Intergovernmental Panel on Climate Change
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Wind power within European Union
Installed power 2000 - 2013
In 2011 the global investments in renewables was 257 billion USD.
Corresponding investments7in nuclear power in 2011 was 16 billion USD.
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Wind power within European Union
Installed power 2000 - 2013
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Wind power within European Union
Wind power share of electricity end of 2013
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Miksi tuulivoimateknologiayrittäjyyttä:
1. Suomen koulutusjärjestelmä ja teollisuus soveluvat siihen
2. Ilmastonmuutoksen hidastuminen vaatii uusiutuvaa
energiatuotantoa
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Quality
Investment cost
Capital cost
Fixed operational
costs
LCoE =
Maintenance Accessability
costs
Fuel costs
OPerational EXpenditures
CAPital EXpenditures
Levelized Cost of Energy
Reliability
CAPEX
+
EP
OPEX
Energy Production
Site conditions
Power Curve
Efficiency
Own use
energy
Wind speed
Weibull
distribution
Hub height
Availability
Rotor
blade
icing
Reliability Accessibility
Predictive
maintenance
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Facts about wind power
Estimated LCoE for new generation, 2019
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Facts about wind power
Enormous subsidies in energy production
According to IEA (International Energy Agency) was the global subsidies in
2012 $544 billion to fossil fuels and $101 billion to renewables.
According to IMF (International Monetary Fund) was the global subsidies to
fossil energy production in 2012 $2000 billion when tax reliefs and the cost of
carbon are included.
Statistics for 2011
Renewables
Subsidies [billion €]
30 billion €
Subsidies [%]
Installed capacity [MW]
Installed capacity [%]
Cumulative capacity [MW]
Nuclear
35 billion €
22 %
26 %
32 043 MW
331 MW
71 %
1%
357 993 MW
Fossil
70 billion €
52 %
12 565 MW
28 %
122 328 MW 419 933 MW
Total
135 billion €
100 %
44 939 MW
100 %
900 254 MW
Cumulative capacity [%]
40 %
13 %
47 %
100 %
Assumed capacity factor
45 %
85 %
85 %
69%
21 €/MWh
38 €/MWh
22 €/MWh
25 €/MWh
Subsidies [€/MWh]
Source: European Commision (subsidies in euros) and European Wind Energy
Association (installed and cumulative capacity), the rest calculated
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Facts about wind power
Environmental impact
 Different kind of emissions causes socio-environmental costs to the society:
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Mortality
Quality
Reliability
Climate
change
Ecosystem
Fuel costs
Investment cost
Total Cost of Energy
TCoE
=
Morbidity
Human
health
Emissions
Pollutions
Waste
Maintenance
Fixed operationalAccessability
costs
costs
Capital cost
CAPital EXpenditures
Feed-in
Tariff
Investment
support
OPerational EXpenditures
CAPEX + OPEX
Buildings
Direct
support
DS
Accidents
Avoided
Corporate Unemployment
income tax compensation
Tax
reductions
Socio-Environmental
Costs
Direct Subcidies
+
Crops
+
Wage
tax
Socio-Economic
Benefit
SEC - SEB
EP
Energy Production
Power Curve
Efficiency
Site conditions
Own use
energy
Wind speed
Weibull
distribution
Availability
Rotor
blade
icing
Predictive
maintenance
Reliability
Accessibility
Hub height
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Facts about wind power
Total costs for generated electricity
Source: Data collected from16different sources by Patrik Holm, Mervento
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Miksi tuulivoimateknologiayrittäjyyttä:
1. Suomen koulutusjärjestelmä ja teollisuus soveluvat siihen
2. Ilmastonmuutoksen hidastuminen vaatii uusiutuvaa
energiatuotantoa
3. Tuulivoima on kustannustehokas tapa tuottaa sähköä
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 Wind power is a sustainable and renewable energy
resource that reduces the usage of fossile fuels, that has an
environmental and an economical impact through avoided
socio-environmental damage.
 Wind power gives additional Energy, with smallest possible
Environmental impact, with a superior total Economy and
with increased Employment. 4E
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Employment effect on TCoE
The benefit for the society






In onshore the effect on employment is 20 my/MW
Annual energy production is approximately 2500 MWh/MW

The total investment cost is almost 2 M€/MW

Economical life time is 20 years

The Socio-Economic Benefit is:
In offshore the effect on employment is 40 my/MW
Annual energy production is approximately 4000 MWh/MW
The total investment cost is almost 4 M€/MW
Economical life time is 25 years
The Socio-Economic Benefit is:
4 M€/MW
2 M€/MW
= 40 €/MWh
25 y * 4000 MWh/MW/y
= 40 €/MWh
20 y * 2500 MWh/MW/y
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Miksi tuulivoimateknologiayrittäjyyttä:
1. Suomen koulutusjärjestelmä ja teollisuus soveluvat siihen
2. Ilmastonmuutoksen hidastuminen vaatii uusiutuvaa
energiatuotantoa
3. Tuulivoima on kustannustehokas tapa tuottaa sähköä
4. Tuulivoima-ala luo uusia työpaikkoja
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Status in Finland
Economy is not recovering
 Finland is importing 20% of its electricity
 Finland is importing 70% of its energy
 Finlands import is larger than the export resulting in
increased state debt
 Industrial work places in Finland is decreasing
continuously, less tax payers
 Domestic services does not increase the GDP nor the
export
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Miksi tuulivoimateknologiayrittäjyyttä:
1. Suomen koulutusjärjestelmä ja teollisuus soveluvat siihen
2. Ilmastonmuutoksen hidastuminen vaatii uusiutuvaa
energiatuotantoa
3. Tuulivoima on kustannustehokas tapa tuottaa sähköä
4. Tuulivoima-ala luo uusia työpaikkoja
5. Suomen sähköntuontia tulisi vähentää
6. Suomen tulisi olla omavaraisempi energian tuotannossa
7. Suomen vientiä tulisi kasvattaa tuontia isommaksi
8. Sähkön kulutus kasvaa maailmanlaajuisesti
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Mervento turbine – Direct Reliability
Value analysis
HIGH
PERFORMANCE
•
•
•
•
•
•
Best power curve in its class
Elevated hub height
High availability
Future proof grid compliance
Minimized own energy consumption
Designed for Cold Climate
LOW
O&M COST
•
•
•
•
•
•
Direct Drive Medium Voltage Permanent Magnet generator
Reliable and maintenance friendly Turbine Station concept
Designed and built for cold climate operation
Hydraulic actuators (Pitch, Yaw, Brake)
Preventive Condition Monitoring System
Manufactured for Cold Climate
ALL INCLUDED
•
•
•
•
•
•
CMS / CBM / SCADA / Remote monitoring
Service winches (3 pcs), Service lift
Comprehensive operation and service training
Easy maintenance
State-of-the-art service contracts
Equipped for Cold Climate
SUBSTANTIAL
REVENUE
LOW TOTAL
COST OF
OWNERSHIP
HIGH
VALUE
ADDED
STRONG RETURN ON INVESTMENT
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Miksi tuulivoimateknologiayrittäjyyttä:
1. Suomen koulutusjärjestelmä ja teollisuus soveluvat siihen
2. Ilmastonmuutoksen hidastuminen vaatii uusiutuvaa
energiatuotantoa
3. Tuulivoima on kustannustehokas tapa tuottaa sähköä
4. Tuulivoima-ala luo uusia työpaikkoja
5. Suomen sähköntuontia tulisi vähentää
6. Suomen tulisi olla omavaraisempi energian tuotannossa
7. Suomen vientiä tulisi kasvattaa tuontia isommaksi
8. Sähkön kulutus kasvaa maailmanlaajuisesti
9. Merventon turbiinilla saa parhaan tuoton sijoitetulle pääomalle
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Status in Finland
Finnish politics
 High part of renewables through pulp and paper industry
 Own fuel resources that are not utilized; wind, solar,
geothermal, biomass, biogas etc
 Forecasted continuous growth in electricity consumption
 Only developed country in the world that is investing in nuclear
power on the same time that many countries have decided to
not invest in nuclear power anymore
 Technologies are developed from strong home markets
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Why to be a wind power entreprenour?
Oppurtunities
Challenges
Sustainable energy production method
Finland invest in nuclear power
Reduced amount of CO2 in energy production
Nuclear has the second highest CO2 emission when considering
the construction time and materials
No waste from energy productíon
Need to store the waste for 100 000 years, no proven solution
available yet
No water consumption
Huge water consumption for cooling 65% of the produced energy
The Total Cost of Energy is lowest on market
Wind power subsidies through Feed-in-Tariff, other energy
production subsidies not presented
Domestic industry creates local work places
Imported wind turbines gives 10 – 20% of the work places in
Finland. Local content of nuclear power is less.
Strong home market enables future export
Incentives for wind power started 20 years in the rest of the
developed world and elevated FIT forces to import the technology.
Constructing nuclear power in Finland does not result in any export.
Less independence on imported electricity, short
construction time
Constructing nuclear power plants that will produce energy after 10
– 15 years
Less independence on energy from abroad by using
domestic fuel
Importing nuclear fuel, oil and gas from Russia
An industrial investment of 100 million euro results in
thousands of work places and thousands of millions of
GDP
Difficult to find 100 million euro for an industrial investment in
Finland but many are ready to invest 7000 – 9000 million euro in
electricity production capacity by nuclear power without knowing
when the production starts and to which cost.
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The energy consumption continues to increase
The days of cheap and abundantly energy are over
We now live in an era of change in energy production
towards sustainable energy production methods
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 The energy production will be increasingly with
more renewables
 The energy production will not increase in
developed countries despite the higher living
standard due to better energy efficiency
 The energy production will be more distributed,
even the consumers produces their own electricity
 The electricity will be more important in the energy
field including the traffic
 The energy production, distribution and
consumption will be more smart
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"A pessimist sees the difficulty
in every opportunity; an optimist
sees the opportunity in every
difficulty.“
Sir Winston Churchill (1874-1965)
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Photo: Esa Siltaloppi