Development in Bluerise. Remi Blokker, CEO 3rd international OTEC Symposium Kuala Lumpur 2015

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1 OTEC Technology and Project Development in Bluerise Remi Blokker, CEO 3rd international OTEC Symposium Kuala Lumpur 2015

2 3 rd OTEC Symposium Agenda Bluerise introduction Update on active and new projects Structuring and financing OTEC projects Technology update Working with us

3 About Bluerise Team of dedicated international experts with complementary skills Bluerise BV was established in 2010 with the single goal of making OTEC a reality

4 Bluerise activities What we do Project development Technology Software OTEC, SWAC, Ecopark (Curaçao, San Andres, Colombia, others ) More efficient lower $/kwh Resource Assessment

5 Bluerise activities Project Development Active Projects: Ocean Ecopark Curacao 500 kw OTEC, 10MWt SWAC/SDC, acres Ecopark Project Development San Andres, Colombia 20MWt SWAC/SDC 500 kw OTEC pilot Bluerise srole is project (co-)owner (SPV establisher)

6 Bluerise activities Technology development Technology Operational laboratory prototype Development programs for 500kW and multi-mw scale R&D program covering a range of topics Working fluids & Cycle design Heat exchangers Cold water pipe Transforming the ocean s temperature differential resource into electricity is the core of Bluerise s technology activities.

7 Bluerise activities Software development Online OTEC resource assessment tool (my.oceanpotential.com) Software Global datasets can provide great insights in the potentially available resource for any given location

8 3 rd OTEC Symposium Agenda Bluerise introduction Update on active and new projects Structuring and financing OTEC projects Technology update Working with us

9 Ocean Ecopark Curaçao

10 Ocean Ecopark Curaçao Sustainability as a Strategic Advantage OTEC Power District Cooling Aquaculture Agri/Horticulture Fresh Water Algae, Seaweed Other products A new generation of technologies is enabling us to design smarter, safer, more sustainable and more accessible solutions

11 Ocean Ecopark Curaçao Working under exclusive development agreement with Curaçao Airport Holding Main project info: Base project investment: 50M US$ 500 kw commercial OTEC pilot 40 MWtcapacity SWAC district cooling system initial demand 10 MWt ha (~ acre) Ecopark Expected IRRs: >30% on sponsor equity 20% on project equity 6-8% on debt Currently checking the boxes to get to financial close Permits, land lease, environmental, offtake agreements

12 Ocean Ecopark Curaçao Significant economic impact on the island

13 San Andrés, Colombia

14 San Andrés, Colombia Feasibility study performed last year under grant from Dutch & Colombian governments San Andrés has excellent conditions for SWAC & OTEC Project data: 45M US$ project investment 20 MWtSWAC Cooperation agreement with major Colombian cooling supply company Applied for $2M regalias (royalties) grant for 1 st phase of second project 500 kw OTEC pilot system

15 New projects Still under non-disclosure but we are happy to inform you that we are working on some very exciting new projects: 30 MWtSWAC system in the Caribbean Feasibility and Energy audits completed Working with financiers for both equity & debt on project Establishing SPV Multi-MW OTEC development in Asia Excellent feasibility with healthy project returns Initially onshore, then moving offshore Currently setting up SPV company to drive development

16 3 rd OTEC Symposium Agenda Bluerise introduction Update on active and new projects Structuring and financing OTEC projects Technology update Working with us

17 OTEC Project phasing Typical project roadmap

18 Bluerise philosophy Active engagement with local and international stakeholders and thought leaders from day one Perform thorough feasibility study of project Setup local SPV with local partner Sponsor equity can then come from local sources or international both financial and industry partners e.g. contractors and equipment suppliers Equity & Debt OTEC & SWAC are attractive for impact investors due to applicability in developing regions e.g. developing banks, pension funds

19 3 rd OTEC Symposium Agenda Bluerise introduction Update on active and new projects Structuring and financing OTEC projects Technology update Working with us

20 Power Cycle Development Increasing the effectiveness Pure fluid Rankine Cycle Mixed fluid advanced Cycle up to 20% higher efficiency

21 Mixed Fluid OTEC cycle Evaporator Condenser Heat exchanger mixture performance

22 OTEC mixed fluid setup Running for over 2 years, gathered large quantity of data Validation of OTEC performance models Development of real-time control system

23 Power plant optimization Getting more power for less money Influence of working fluids on costs In-house developed automated system optimization tools

24 Heat exchanger development Heat exchanger design analysis using Computational Fluid Dynamics (CFD) Setting-up a research program with Delft University of Technology

25 Ocean Energy platform Delft University of Technology

26 Bluerise Proud to be a B Corp! B Corps are certified by the nonprofit B Lab to meet rigorous standards of social and environmental performance, accountability, and transparency. Bluerise is one of the founding European B Corps

27 Thank You! Interested in project co-developing or investing? Remi Blokker, CEO