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Ingine Pacific - Voea Webinar 02 - 2021.05

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CONFIDENTIAL

Harness Nature Power Life

A BREAKTHROUGH
TECHNOLOGY SOLUTION FOR
WAVE POWER GENERATION
Vietnam Ocean Energy Webinar 02
May 25, 2021

Copyright © 2016 INGINE Inc. All rights reserved.


INGINE INTRODUCTION
HQ, Partners, Subsidiaries, and Licensees

HEADQUARTER SUBSIDIARIES LOCAL PARTNERS LICENSEES


▪ South Korea ▪ IWES in UK ▪ France ▪ America
▪ INGINE Pacific in Vietnam ▪ Sri Lanka ▪ Japan
(Ho Chi Minh City) ▪ Indonesia
▪ Europe Branch in Germany ▪ Morocco

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WAVE ENERGY

Comparison of renewable energy sources


WAVE ENERGY

o Affordable
o Renewable
o Efficient INWave™
o Reliable
o Dense
o Predictable
(1)
(2)
Global solar electric potential: A review of their technical and sustainable limits
Ocean wind power maps reveal possible wind energy sources
o Abundant
(3) Global energy network institue

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TECHNOLOGY SOLUTION
INWave™
Onshore type Wave Energy Converter (WEC)

54 registered patents

Multi-directional harvesting
For high-performance coastal waves absorption

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COMPETITIVE ADVANTAGE #1
Ensuring high performance Nearshore

▪ Effective coastal wave absorption using a multi-directional energy harvesting technology

COMPETITORS Uni-Directional Harvesting INWave™ Multi-Directional Energy Harvesting

COMPETITORS
Uni-Directional Harvesting

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COMPETITIVE ADVANTAGE #2
Low CAPEX/OPEX

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COMPETITIVE ADVANTAGE #3
Simplified O&M

▪ Reduced distance to shore offsets high costs of conventional offshore wave farms

▪ Most INWave™ system components installed on land: EASY ACCESS, LOW COST

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COMPETITIVE ADVANTAGE #4
Distributed power generation

▪ Economically viable even for small-scale projects e.g. 50~125kW


▪ Opens low energy-demand local markets e.g. islands, remote coastal areas

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ECO-FRIENDLY TECHNOLOGY

Marine life around INWaveTM system’s mooring of Jeju demo plant

1001

840

469

CO2 Emissions Birds on INWaveTM system’s buoys of Jeju demo Plant


(gCO2/kWh)
48

16 12 8

Coal Oil Gas Solar Nuclear Wind Ocean

*Source: IPCC Special Report on Renewable Energy and Climate Change Mitigation

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BUSINESS MODEL
Solution Provider

▪ Small-scale manufacturing by INGINE (HQ) is also possible

Components Assembly Test, QC Sales Installation O&M


• Global Sourcing • OEM • INGINE • INGINE • Customers(Site • INGINE
PACIFIC’s developers or PACIFIC or
Local Partner IPPs) Local Partners

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ONGOING PROJECT
Project in Progress : Vietnam with SK Innovation

• Plan to start commissioning from Q4, 2022

5-party Mou Between

QUẢNG NGÃI

LY SON
(An Binh)

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MAIN COMPETITIVE ADVANTAGES
INWave™

1 LOWER CAPEX

LOWER
MAINTENANCE COST
2
3 SCALABLE TO MULTI-MEGAWATT
INSTALLATIONS

DISTRIBUTED GENERATION FOR


MICRO-GRID AREA AVAILABLE
4 | 12
BUSINESS COLLABORATION

Looking for partners


1. Independent power producers (IPPs)
2. Project Development, EPC, O&M
3. Local partners for local manufacturing, civil engineering, construction, etc.

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CONFIDENTIAL

FAQ
Harness Nature Power Life

Copyright © 2016 INGINE Inc. All rights reserved.


GLOBAL MARKET
• Small size INWave TM : less than 10 kW/m wave energy
• Mid size INWave TM : more than 10 kW/m wave energy

[Unit: kW/m]

Source: World Waves wave energy resource assessments from the deep ocean to the coast (Fugro OCEANOR AS, 2011)

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WAVE ENERGY CONVERTERS OVERVIEW
• Point Absorber type: closest to commercialization
• INWave TM: advanced Point Absorber type

POINT ABSORBER ATTENUATOR OSCILLATING WAVE SURGE OSCILLATING WATER COLUMN

SUBMERGED
OVERTOPPING BULGE WAVE ROTATING MASS
PRESSURE DIFFERENTIAL

WEC: Wave Energy Converter


*source: EMEC (European Marine Energy Center) | 16
CONFIDENTIAL

Harness Nature Power Life

www.ingine.co.kr minhduc.duong@ingine.co.kr
Copyright © 2016 INGINE Inc. All rights reserved.

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