NORDIC COLLABORATION TO POWER LOCAL COMMUNITIES ON ICELAND NO. 1 CLIMATE 1 SOLVER
WHAT IF YOU COULD TURN HOT WATER INTO ELECTRICITY NO. 1 CLIMATE 2 SOLVER
HEAT POWER. ONE OF THE WORLD’S LARGEST UNTAPPED ENERGY SOURCES WASTE HEAT RECOVERY GEOTHERMAL HEAT 70% Potential high temp. heat sources Transportation >50% 60% Potential low Of global energy consumption temp. is wasted heat 1 heat sources Industrial The planetary resources exceed total global demand NO. 1 CLIMATE 3 SOLVER Source: (1) C. Forman et. al., Estimating the global waste heat potential, December 2015.
CONVERTING HOT WATER TO GREEN ELECTRICITY 150 kW Heat source 2m typical net 70-120°C 2m output = 250 1 2m Cold source 0-30°C Source: (1) Energirådgivaren, using the domestic electricity consumption in Sweden 5,000 kWh. NO. 1 CLIMATE 4 SOLVER
INTERMITTENT RENEWABLE ENERGY SOURCES HAVE CLEAR SIZE LIMITATIONS Wind power: 1,244,000 m 2 (17 MW @ 30% uptime) 1 Solar power: 92,600m 2 (13.5 MW @ 40% uptime) 1 Climeon Heat Power 900m 2 (5,4 MW @ 98% uptime) 1 NO. 1 CLIMATE 5 SOLVER Source: Climeon; (1) U.S. Energy Information Administration, Electric Power Monthly.
WHAT’S NEXT?
AT THE SAME TIME ACROSS THE GLOBE
VARMAORKA & CLIMEON POWER It has outperformed PLANT #1 our expectations! Ingvar Garðarsson Chairman of the Board, Varmaorka The Flúdaorka Power Plant is located just outside Flúdir in southeast Iceland. The area is rich in geothermal heat, mainly used for district heating and green houses. The construction of the powerplant began in May 2018 and commissioning was finished in March 2019. Our partner, Varmaorka, is an Icelandic project developer which develops, finances, constructs and THE FLÚDAORKA GEOTHERMAL POWER operates small scale geothermal facilities in Iceland. PLANT 600 kW PROJECT HIGHLIGHTS COOLING 600 kW TOWER Clean electrical output capacity installed 10 C 20 l/s 8 months 116 C 65 C 20 l/s 20 l/s Record fast project execution (from contract to first kWe) GAS 500 SEPARATI ON Visitors to the power plant so far. 400 V WELL PUMP 8 TRANSFORMER 11 kV
COMMUNITY IMPACT ✓ Self sufficient and independent ✓ Self esteem and pride ” Made in Sveitin ” ✓ Business opportunity ✓ Environmental impact ✓ Tourism
Sommerhouses
Greenhouses
Bathing Lagoon Hotels and
Data Centers Industry and
KEY FACTORS TO OUR CLOSE COLLABORATION We share the same goal - Locally produced green electricity “Made in Sveitin ” • Teamwork – Transparency, daily communication and fun ! • Local knowledge - Well connected with municipalities and landowners across Iceland • Demanding customer - Pushing us to develop our products & services • Open minded - Early adopters of new technology •
ICELAND AS A IMPORTANT MARKET - LOW ELECTRICITY PRICES Extremely low electricity prices. Pushes product development. If it is • possible in Iceland it is possible anywhere. World leading knowledge within geothermal. • Nordic culture! • Easy to reach knowledge and communicate between the parties. • Quick to resolve issues, everyone ready help out. • Suppliers quick to react and resolve issues. •
Fludir Heat Power Construction 2018 and Opening Ceremony 2019
H.R.H Crown Princess Victoria showed great interest in Fludir Power Plant
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