open hydro

| © OpenHydro Group Limited 2011

OpenHydroSeptember 2011

© OpenHydro Group Limited 2011 | Confidential | James Ives


Technology

Open-Centre Turbine

The key to the Open-Centre Turbine

lies in the simplicity of design.

If a turbine is to survive in the

marine environment it is essential

that it be both simple and robust.

OpenHydro owns the worldwide

rights to the technology; portfolio of

over 30 secured or pending patents.


Technology


European Marine Energy Centre (EMEC)

Focal point of OpenHydro's turbine Research & Development.

Technology


Technology

Turbine Testing

Testing performed at European Marine

Energy Centre (EMEC) in Orkney off the

coast of northern Scotland.

No ‘soft option’ with some of Europe's

strongest tides (8.5 knots).

For commercial deployments,

OpenHydro do not regard piled

structures as viable.OpenHydro’s Turbine Research Structure


Technology


Technology

Subsea Installation

Our experience has shown us that the appropriate equipment for installing tidal

turbines does not exist in the general marine market.

This new deployment method turns a difficult and lengthy project of many months

into a quick and cost-efficient single day operation.

A cost effective deployment method is essential for developing commercial farms.


Commercial Developments

Group Structure

OpenHydro Group Ltd is organised into two principal operating groups:

OpenHydro Group Ltd

Engineering

Design and

development of tidal

energy systems.

Manufacturing

Manufacture of

turbines, subsea

bases and electrical

systems.

Operations

Services to

developers including

site selection,

consenting,

installation and

ongoing

maintenance.

Site Development

Developer of tidal

farms up to point of

construction; either

directly or in

partnership.

OpenHydro Technology OpenHydro Site Development


EDF

Électricité De France (EDF)

Installation of 4 x 16m Open-Centre Turbines for EDF in Brittany (2011/12).


EDF Paimpol-Bréhat Project

The EDF Paimpol-Bréhat project will see OpenHydro initially install a single 16m

turbine rated at 2MW in 2011 followed by an array of grid connected units in 2012.

EDF


EDF


EDF

Project Location

Mobilisation Base Brest


SnoPUD

SnoPUD

Installation of 2 x Open-Centre Turbines in the Puget Sound, Washington State.


NSPI

Nova Scotia Power Inc (NSPI)

Ongoing partnership with Emera / Nova Scotia Power in the Bay of Fundy.


ARE

Alderney Renewable Energy (ARE)

Partnership with ARE for development of Alderney site with 3GW potential.


EDF EN / DCNS

EDF Energies Nouvelles / DCNS

Development of a tidal farm in France in partnership with EDF EN/DCNS.


SSE Renewables

SSE Renewables

Awarded license in UK for 200MW joint venture with SSE Renewables (Airtricity).


Bord Gáis

Bord Gáis

Joint venture targeting the development of a 100MW tidal farm in Irish waters.


Commercial Developments

Global Resource

An industry estimated to be worth €100bn - €200bn in equipment sales.


OpenHydro

Company Background

OpenHydro was formed in 2004 following the

acquisition of the world technology rights to the

Open-Centre Turbine.

Experienced Board and Management with

relevant engineering and commercial experience.

OpenHydro’s team is currently 60 and growing.


OpenHydro

OpenHydro Team

OpenHydro has targeted the recruitment of exceptional individuals from

international organisations with transferable skills.


OpenHydro

Cost of Energy

OpenHydro are targeting a cost of

energy equivalent to offshore wind.

OpenHydro has secured very positive

experience in reduction in capital

costs from the EDF project.

Economies of scale will drive these

down to onshore wind levels.

OpenHydro’s Turbine Research Structure


OpenHydro

Funding

OpenHydro has secured €80 million in

funding since incorporation.

In 2011 DCNS, a French Marine

Industrial, secured an 8% stake.

DCNS have provided industrial

support to the EDF project.

OpenHydro will raise further finance

in 2012.OpenHydro’s Turbine Research Structure

open hydro

Business

openhydro funding openhydro

edf project

edf endcns

edf lectricit

france edf installation

technology opencentre

edf paimpolbrhat project

opencentre turbines