amber kinetics intro non nda 06-16-2017

The world’s first

cost-effective,

four-hour flywheel

energy storage system

for utility-scale

applications

1980-1990s

Hybrid

Vehicles

Duration:

seconds

1990s-present

Backup Power

Duration:

seconds -minutes

➢ >5,000 flywheels sold

➢ >500MWs

Millions of commercial hours

Prototype

Demo-Stage

2000-2010

Grid

Support

Duration:

minutes

40 MWs commercial

flywheels. Millions of

commercial hours

Modern Flywheel Applications

2010-Present

Grid

Capacity

Duration:

1-4 hours

Expanded storage duration

Driving cost out with scale

Amber Has Made 16x Technology Leap

Amber has taken a mature & reliable technology, and innovated to

achieve a 16x jump in duration, enabling massive market adoption

1 – 15 min duration

Amber’s Technology: 4 hour duration

Existing Flywheel

Technologies:

AC/DC Inverter

Cover

FlywheelControl PC

Containment

Station

Power

Overview of Basic Amber Flywheel System

COMPANY CONFIDENTIAL5

MODEL 32

Power 8 kW

Energy 32 kWh

Duration 4.0 hours

Cooling Passive

Round-trip Efficiency (DC)

(excludes Self Discharge)

> 88%

Daily Cycling Limitation None

Design Life 30 years

Input / Output Voltage 800 Vdc

Full Power Response Time < 1 sec

Average Self Discharge < 60 W

Amber Kinetics Flywheel Specifications

Operating Temperature Range -40 to 50C

Electrical Enclosure: NEMA3

Seismic Rating: Zone 4 USUBC

Humidity: 100% Cond.

Dimensions: 52”H x 54”W

Weight: 10,000 lbs

Communications: Set up to receive operator signal;

SCADA (compliant with NERC standards)

6 COMPANY CONFIDENTIAL

o > 88% round trip efficiency (DC, excludes self discharge)

o No daily cycling limitations

o Zero degradation over time

o Passive air cooling, no HVAC required

o Operates in hot and cold environments (-40C to 50C)

o Fast response time, < 1 sec

o All-steel design is fully recyclable

o Minimal O&M

o 30-year design life

o 10-year manufacturer warranty

Solid-Steel

Long

Lifecycle

Rotor

Advantages over Chemical Batteries

No risk of chemical fire


¢/kWh discharged over 20 years

Deep Cycles 2017 2020

Li-ion $360/kW 2,000 18.0¢

Li-ion $150/kWh 3,000 5.0¢

Amber Flywheel 15,000 3.8¢ 1.7¢

* - 2 cycles/day x 20 years

Superior Price/Performance Compared to Li-ion Battery

© 2016 Amber Kinetics, Inc. -Confidential

Amber Kinetics: Lowest 20-Year TCO

**TCO estimates include all BOS costs*$/kWh is selling price of storage hardware.

All Assumptions are listed in Appendix

$64,471,691 $70,234,187

$76,637,493 $78,667,532

$88,074,305 $91,031,419

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

$100,000,000

$110,000,000

$120,000,000

Flywheel($250/kWh)

Flywheel($325/kWh)

Li-Ion NCM($250/kWh)3% degrade

Gas Turbine Flow Battery($200/kWh)

Sodium Ion($250/kWh)

Case Study: 20 MW | 80 MWh Total Cost of Ownership (20-yr NPV)

Product Road Map


2018

2020

2017

M32M160

M160 to M200

One step change in physical size


Site Layout of 10 MW/40 MWh Storage Plant, M160, 2.5 acres

Intellectual Property

27 patent filings covers all aspects of mechanical battery technology

- component design

- rotor structure

- system design

- site layout & controls

Implementing “encryption chip” in control system, which can disable the

system if product is stolen or tampered with

2010 – Awarded $4M from DOE

2010 – Closed Series A Investment

2012 – Awarded $2M from CEC

2013 – Awarded U.S. Department of Defense grant (Hawaii)

2014 – Successfully field demonstrated Amber 4-hour flywheel

2015 – Closed Series B Investment

2015 – Awarded additional $2M from CEC

2016 – Began shipping commercial units to customers

12

Amber Kinetics Company Milestones

Philippines Flywheel Supply Agreement


- Signed supply agreement with Emerging Power, Inc.

(EPI). First flywheel for pilot project delivered

September, 2016.

- Follow-on deliveries after pilot trial period

- Payback to customer is < 6 years, no subsidies

- Over 300 MW opportunity over next several years

13

Emerging Power & Amber teams

with Model 25 pilot installation

at EPI Subic Bay solar plant

Energy storage will be 20% of grid capacity

• Pilot project with Hawaiian Electric (25

kWh), installation in mid-2017

• In discussions with Hawaiian Electric for

multi-MW follow-on project

• NAVFAC/DOD moving towards broader

microgrid deployment

PG&E

SCE

SDG&E

Hawaii –Project with Hawaiian Electric Company


1

4

TeamEd Chiao CEO & Co-Founder

Entrepreneur with experience in 3 prior start-ups, acquired for combined $400 million

Prior roles include product management, operations, sales, and business development

Won Chinese Institute of Engineering Award (awarded by Dr. Steven Chu)

B.S. Electrical Engineering, University of California Los Angeles

Wei-Tai Kwok Chief Operating Officer

COO at Andalay Solar; led turnaround effort for publicly listed company

VP at Suntech Power, established U.S. manufacturing operations; VP Operations at NRG Solar

B.S. Economics & Political Science, Yale University

Seth Sanders, Ph.D. Chief Scientist & Co-Founder

Recognized as Leading Scientific Expert in Flywheel & Power Conversion Technologies

Professor of Electrical Engineering, UC Berkeley

B.S., M.S., Ph.D. Electrical Engineering, M.I.T.

Daniel Bakholdin Chief Technology Officer

Co-founder & VP of Pentadyne Flywheels; shipped over 1,000 commercial flywheel systems

Prior Roles include Rotonix, Capstone Turbine, Rosen Motors (flywheels)

B.S. Mechanical Engineering, Cal Poly San Luis Obispo


Thank you for your interest in Amber Kinetics

For additional information contact:

Bill Golove

VP, Business Development

[email protected]

m: +1-415-728-8246

mailto:[email protected]

TCO/LCOS Sources & Assumptions


• Coal & Nuclear Estimates – Bloomberg New Energy Finance LCOE Update: Q2 2013

• Gas Combined Cycle, Gas Peaking, and Diesel: CA data & Lazard Sensitivity Analysis June 2013

• Data assumes natural gas prices of $6 in U.S. $10 in E.U. and $18 in Japan (all in US$ per MMBTU)

• Diesel assumes a high end capacity factor of 30% representing intermittent utilization and low end

capacity factor of 95% representing base load utilization, O&M cost of $15 per KW/year, heat rate of

10,000 BTU/KWh and total capital costs of $500-$800 per KW of capacity.

• Storage levelized cost assumes (and includes ($50 / MWh charging cost), 10% WACC, annual O&M

cost of $16 / kW, 20 year project life

• Amber FW levelized cost range assumes on 1 full duty cycle per day; FW selling price falling 40% from

$500 / kWh; assumes $100 / kWh higher BoS cost vs. batteries

• Li Battery assumptions based on current (September 2016) selling price of $470 / kWh for Tesla

Powerpack daily cycle battery; cost range assumes selling price falling another 30%

AMBER_KINETICS

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