Turbofoil® Trip Report: P/L, LCOE, IRR Analysis

Pro Forma Results from: Cork, Ireland in 25 knot (avg.) winds, April 8, 2013 (Noon), with offloading barge

	Cork, Ireland in 25 knot (avg.) winds, April 8, 2013 (Noon), with offloading barge
   Estimates Based on: Sail Area: 1,800 m2; Sail Span: 100 m; Sail Attack Angle: 30 º; Sail Mass/Area: 200 g/m2; Wind Vector Measured Altitude: 10 m; Sail Altitude: 300 m; Hellman Wind Gradient Exponent, "α": 0.12 ; No Go - Minimum Angle, "α" into Apparent Wind: 50 °; Air Density, ρA, @ 25°C: 1.18 kg/m3; Vessel length: 38 m; Vessel Beam (widest hull width): 10 m; Vessel Displacement: 139.51 (metric tonnes); Hydrofoil Span = Turbine Intake (Gate): 10 m; Thickness of foil divided by chord "C-bar": 0.35 (unitless); Foil depth divided by chord "h-bar": 1 (unitless); Aspect ratio (Foil span/chord) "λ": 8 (unitless); mp: 0.7 (unitless); Water Vapor Pressure pd @ 25°C: 3.2 kN/m2; ρS, Seawater Density: 1024 kg/m3; μS, Dynamic Viscosity of Seawater: 0.00108 Pa·s; Turbine Efficiency: 50 %; Generator Electrical Efficiency: 92 %; H2 Electrolysis Efficiency: 72 %; H2 Storage Efficiency: 94 %; Offloading (dock) time estimate: 0.5 hours; Number of Turbofoils per Vessel: 3 ; Total Generator Power Output Limit: 5 MW; Wholesale H2 Price: $3.75 USD/kg; Capital Expenditure for Structure: $6,000.00 USD/DWT; Cap. Ex. for Turbofoil® Turbine only: $100.00 USD/kWm; Cap. Ex. for Electrical Generators: $271,500.00 USD/MWe; Cap. Ex. for H2 Electrolyzer/Compressor: $1,000.00 USD/kWe; Cap. Ex. for H2 Storage Tank or Container: $1,000.00 USD/kg(H2); Cap. Ex. for SCADA/GIS/VPP/UMV Control & Communication: $500,000.00 (total); Annual insurance premium: 2.00% ; Annual interest: 10.00% ; Term: 10 (years); periods per year: 12 ; Crew Cost: $60.00 USD/hour; Hours/Week in operation: 144 ; Docking and Maintenance Costs: $20,000.00 USD/month; THESE ESTIMATES REPRESENT "FORWARD-LOOKING" DATA, YOUR RESULTS MAY VARY. Protected by U.S. and International patents and Patents Pending.


    The above graph and corresponding table below illustrates results from an Interactive Boundary Layer analysis determining parameters such as Drag, Lift-to-Drag Ratio, Propulsive Power, Turbine Output Power, Sail Thrust Required, Efficiency per Point of Sail, Levelized Cost of Energy (LCOE), 10 year Return-on-Investment (ROI), and Investment Rate of Return (IRR), amongst many others. Integrated Power Technology Corporation™ has developed this model to facilitate optimization of design and operational trade-offs of the Turbofoil®.


Turbofoil® Itinerary Summary

    Total Travel and Offloading Time: 17.98 hours.

    Total Distance Traveled: 538.16 nautical miles.


Route Statistics:

Waypoint Course Distance Wind Wind Angle Sea Current Sea Current Angle Pointing Angle
(0º = upwind, 180º = downwind)
Point of Sail Vessel Velocity
1 177.05 ° 24.11 nm 25 kts 270 ° 2 kts 135 ° 87.05 ° Beam Reach 15.21 m/s
2 359.32 ° 34.3 nm 25 kts 270 ° 2 kts 135 ° -90.68 ° Beam Reach 16.46 m/s
3 177.22 ° 34.13 nm 25 kts 270 ° 2 kts 135 ° 87.22 ° Beam Reach 15.27 m/s
4 359 ° 34.92 nm 25 kts 270 ° 2 kts 135 ° -91 ° Beam Reach 16.57 m/s
5 176.59 ° 34.76 nm 25 kts 270 ° 2 kts 135 ° 86.59 ° Beam Reach 15.05 m/s
6 358.67 ° 35.12 nm 25 kts 270 ° 2 kts 135 ° -91.33 ° Beam Reach 16.68 m/s
7 175.96 ° 35.2 nm 25 kts 270 ° 2 kts 135 ° 85.96 ° Beam Reach 14.83 m/s
8 358.68 ° 35.33 nm 25 kts 270 ° 2 kts 135 ° -91.32 ° Beam Reach 16.67 m/s
9 176.23 ° 34.56 nm 25 kts 270 ° 2 kts 135 ° 86.23 ° Beam Reach 14.92 m/s
10 358.65 ° 34.7 nm 25 kts 270 ° 2 kts 135 ° -91.35 ° Beam Reach 16.68 m/s
11 176.53 ° 34.14 nm 25 kts 270 ° 2 kts 135 ° 86.53 ° Beam Reach 15.03 m/s
12 358.63 ° 34.08 nm 25 kts 270 ° 2 kts 135 ° -91.37 ° Beam Reach 16.69 m/s
13 176.14 ° 33.74 nm 25 kts 270 ° 2 kts 135 ° 86.14 ° Beam Reach 14.89 m/s
14 358.62 ° 33.87 nm 25 kts 270 ° 2 kts 135 ° -91.38 ° Beam Reach 16.69 m/s
15 175.76 ° 33.54 nm 25 kts 270 ° 2 kts 135 ° 85.76 ° Beam Reach 14.76 m/s
16 357.26 ° 21.42 nm 25 kts 270 ° 2 kts 135 ° -92.74 ° Beam Reach 17.14 m/s
17 270.11 ° 10.24 nm 25 kts 270 ° 2 kts 135 ° -179.89 ° Running 19.37 m/s

Turbofoil® Production of Hydrogen (H2):

Total kWh producing Hydrogen: 66,299.56 kWh
Total Metric Tonnes of H2 stored: 1.68 metric tonnes
Average Metric Tonnes of H2 per hour: 0.09 mt(H2)/h
Revenue Dollars per hour (Hydrogen): $350.95 USD/h
Annual Hydrogen Production Profit: $159,268.69 USD/year
Gross Margin Hydrogen Production: 6.07%
Levelized Cost of Energy "LCOE (H2)": $84.37 USD/MWh
H2 Production Investment Rate of Return: 1.60%

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