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Asal Ibrahim

on 4 January 2014

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Transcript of LensEnergy

- The costs of CSP technologies still
needs to decrease to further facilitate their entry into the market.

- Small scale concentrated solar collectors are not common due to their requirement of a large area.

-Additional large-scale coordinated research efforts are still necessary. And this is why Lens-based CSP collector using Fresnel Lenses is brought to place!
- The study investigates employing Fresnel lenses in Concentrated Solar Power Collector.

Proposed Design
Power and cost savings
- Desalination of 100 million m3 of water
- Reverse Osmosis or Multistage Flash
- Sensitivity of KWh/m3 and price/KWh
- Annual Savings:
- 700 GwH
- JOD 100-150 million

Powering. Sustainable. Growth
-Fresnel lens was invented by the
French physicist and engineer
Augustin-Jean Fresnel; the first
Fresnel lens was used in 1823.

- When Placed in the sun, the
Fresnel lens will act as a giant
magnifying glass concentrating
sunlight to a small area.

-A Fresnel lens can be made much thinner than a comparable
conventional lens
The Team
Asal Ibrahim
Asal Will head the R&D
Department. which will conduct continuous research to increase the system’s efficiency at the best possible cost, and ensure the best quality of equipment through a proper quality control plan.
Asal is a top-ranked electrical engineer with high research skills that lead her to shape the idea of the lens collector; she’s currently pursuing her master’s degree in Renewable Energy & Sustainable Development in the University of Jordan and was recently awarded a green talent prize from the German Ministry of Education and Research for her master’s thesis excellent research topic.
Her passion towards enhancing the effectiveness of this collector will only lead to better use of solar energy through Lens Energy system
Waleed Kamhieh
Waleed Kamhieh will head the business development department which will construct and perform sales and marketing plans, packaging of products, closing of contracts and other financial matters.
Waleed is an investment manager with experience researching and valuing energy companies, particularly oil & gas.He has a background in management consulting and investment banking, and has worked on projects in various industries throughout Europe, the Middle East, the US and Latin America.
He is currently a CFA Level II Candidate, and also has an MBA from INSEAD, where he was co-president of the INSEAD Energy Club, and a BEng in Civil Engineering from University College London.

Future Benefits
- Sustainable Production of fresh water
- Reduction / Elimination of operational electricity costs
- Reduction of CO2 emissions
- Reduction of global warming
- Generation of additional income by sales of surplus produced electricity to the grid and the run off salt in desalination application

Indirect Benefits
- Job creation
- Growth in the agricultural sector
- Increased business competitiveness due to cheaper energy
- Economic stimulus

Time Frame
UN Water Agency Definition of Water Scarcity - Less than 1,000 m3 per capita
Jordan -
1992 - 250 m3
2011 - 150 m3
Total Water withdrawal per capita
1990 - 259 m3
2005 - 166 m3
Agriculture use declined, domestic increased

-Installed onsite
-Main local industries
-Food & Beverages
-Pharmaceutical & Health
-Laundry Services
-Metal Workshops

The Market

De-icing roads during the winter
-Lowest Grade
-30% of world salt
-Demand is seasonal

Chemicals industry
-Largest Import Market is Japan
-40% of world salt

-Highest Grade
-Premium prices paid for sea salt

- Production is dependent on natural gas and heavy fuels
- The grid has little spare capacity
- Demand is growing
- Prices have increased at a CAGR of 18.2% since 2007
- Renewables:
- Account for 0.5% of production
- Hydroelectric is the largest source
- Growth oppportunities in Wind and Geothermal

Customer Segments
Customer Segments
Government & Municipalities

- Largest Customer Segment
- Ministry of Energy and Natural Resources
- Municipality of Amman
- Other Municipalities
- Long term relationships

-Individual villas
-Apartment buildings

-Leasing the technology to third parties
-Floating mobile Lens Energy system

Revenue Streams

Measured in m2 of land
7 hrs/ day x 300 days/year
Water – 5 litres/hr , 10.5 m3/year
Salt – 35 g/hr, 368 kg/year
Year 1 – 1,000 m2
Water – JOD 10,500
Salt – JOD 9,188
Year 5 – 50,000 m2
Water – JOD 1.74 million
Salt – 1.52 million

Leasing the LE System
Internationally Mobile LE System
Patented LE System Licences
Cost Structure
-Prototype – JOD 500
-Cost of materials only
-Time and labour is volunteered by colleagues and university staff

-Mass produced units
-10% of prototype cost
-Decreasing to 5%
-1,000m2 in Year 1 at a cost of JOD 50,000
-Depreciation of equipment over 10 years

-Seawater is free in the first few years until we turn a profit
-Scale up Operating Costs every 3 years
-JOD 150,000 in Year 1, JOD 500,000 in Year 7
-Labour is JOD 50,000 in Year 1 and increases 20%
-Maintenance 15% of manufacturing cost

-Start off with 1,000 dunums at JOD 120,000 per year
-Double the land in year 7
-If possible to negotiate with the government to grant us land in the first few years

Equity & Debt

-Round 1 – JOD 2 million in Year 0
-Round 2 – JOD 1.5 million in Year 4
-Funds to be used in cost of developing the LE systems, land lease, labour and overheads
-JOD 1 million in revenues by year 4
-Profitable by year 5
-Debt – JOD 1.75 million in Year 5, repaid over 8 years
-Ideal until Cash Flows stabilize

Credit Facility

JOD 7 million revolving credit facility
Draw down over 6 years
Begin to repay in Year 7
Cheaper than Equity in the Long Term
Difficult to raise debt before business is profitable
Government could act as guarantor to project

The Team
Proposed Design
Power and Cost Savings
The Market
Customer Segments
Revenue Streams
Financial Projections
Cost Structure
Thank you!
Full transcript