Heat and Power ORC Solutions

ORC solutions to transform heat into green power

www.aqylon.com

AQYLON is a global leader in the design and manufacturing of Organic Rankine Cycle (ORC) solutions, which transform heat into electricity and thermal power from renewable sources (biomass, geothermal, solar) or from waste heat created by industrial processes, engines or gas turbines.

Founded in 2009 in Paris by Pierre Convert and Guillaume Jeangros, AQYLON represents a new vision for ORC technology integrating innovative fluids, implementing new architectures and offering cycle-accurate design simulation. The company already has 2 turbine and ORC cycle patents and is in the process of filing 5 more in 2015. AQYLON’s goal is to transcend

beyond the typical equipment manufacturer business model to become an Energy Service Company (ESCO), offering cost-saving electricity solutions for industrial clients.

After 5 years of R&D, AQYLON’s first pilot project was installed in Paris’s ENSAM in 2013 and in 2015 the first commercial unit was launched in France near Marseille. AQYLON is an international company, continually expanding around the world in pursuit of one main goal: to change the face of power generation and provide the best state of the art technology to clients around the world.

AQYLON, a Global ORC Company

Paris Office

JakartaOffice

Carrière- sous-Poissy Manufacturing Facilities

GarentrevilleHeadquarters

CasablancaOffice

MiamiOffice

Offices

State of the art ORC solutions

02

With decreasing natural resources, climate change and humanity’s

continued progress, energy production is one of the greatest

challenges faced by our world today. Approximately 50% of the

fuel used to produce power in conventional plants and 60% of the

energy used in industrial processes is wasted (cf. International Energy

Agency). We can harness the heat generated by industrial production

and renewable sources to generate clean, efficient, and cost-effective

energy for continued sustainable growth.”

“

Reliable and decentralized energyORC modules are one of the best solutions for decentralized energy that can be counted on for continuous operation. Many regions around the world do not have reliable power supply access and independent ORC sources could change millions of people’s lives.

Pierre Convert CEO and Co-founder

BIOMASS• Wood chips and sawmill

waste• Agricultural byproducts• Green waste

HEAT RECOVERY• Industrial processes

including glass, cement, metal manufacturing

• Incinerators (waste to power)

• Internal combustion engines• Gas turbines

GEOTHERMAL• Capable of generating

electricity from high energy sources with temperatures >80°C.

SOLAR THERMAL• Converts the heat

generated by concentrated solar power (CSP)

Technology to transform your heat into green power

Electric power

HeatHeat

ORC modules are available for solutions up to 10 MWe standard units and other custom design sizes

03

1. Best adapted organic fluid for the proposed heat source

2. 80 % isentropic turbine efficiency

3. Low turbine speed (<7000 rpm), allowing direct drive of the electric generator without gear reduction in many applications, which allows a 25-year lifetime

4. Very quiet operation: <79db

5. Excellent operational performance: >98% availability

6. >95% cogeneration efficiency with a partial load down to 30% of nominal power

Produce More With Less Energy

Why choose an AQYLON ORC module?

04

Unmatched thermodynamic cycle design know-howAQYLON is committed to finding the most suitable working fluids and thermodynamic conversion cycles for both standard and custom power generation applications. Thanks to their extensive knowledge of virtually all potential working fluids and cutting-edge proprietary software, our technical team can deliver unparalleled solutions for low to medium temperatures (400°C).

State of the art turbomachinery for rugged and efficient expandersUsing the most advanced CFD software, AQYLON carefully designs and improves blade geometry to reach isentropic efficiencies as high as 88%, improving module efficiency and extending its lifetime.

Integration is the keyAqylon integrates all components in standard containers, delivering fully-equipped easy-to-install solutions. Combining the skills of a vast range of suppliers and subcontractors with the integration capabilities of its core technical team, AQYLON provides excellent uptime with highly secured and easy-to-operate solutions.

05

We can quickly and efficiently respond to the needs of our clients

thanks to our new double standardization logic for WHR and biomass

applications, in addition to custom designs for other applications.

Our third party financing helps realize a wide range of projects that

might otherwise never be possible. ”“

Guillaume Jeangros COO and Co-founder

Organic Rankine CycleOrganic Rankine Cycle technology is very similar to a traditional steam rankine cycle; the major difference is that an organic fluid is used instead of water. This allows for a lower boiling point, which increases efficiency at low temperatures.

Reliable and decentralized energy

The organic fluid is vaporized in the evaporator(1) and then supplied to the ORC turbine(2) that drives a generator(2), producing clean and reliable power. The vaporized fluid enters the regenerator(2) to give its remaining energy to the li-quid organic fluid. The steam is then condensed in a condenser(2) which is supplied with cooling water. The condensed fluid is then pumped(3) into the regenerator(2) and finally into the evaporator(1) to close the circuit.

Decrease Energy Costs With Award-winning Flexible Solutions

Technical flexibility

• Standard products: - Flexible temperature range - Adaptable in/out temperatures

• Tailored products: - Thermodynamic cycle optimization - Selection of the best option from a database of over 15,000 fluids - Custom turbine rotor, stator, and nozzle design for excellent isentropic efficiency - Hot water source capability

Operational flexibility

• Compact and scalable unit to achieve higher power output

• Turbine running even with variable flow rate and small temperature variations

• Ability to design tailored products for specific conditions (extreme cold or heat, off-shore, compact, etc.)

Commercial flexibility

• AQYLON offers either turbo-generator only, the entire ORC module (turbines, evaporator, regenerator, condenser, pump), or a turn-key power plant solution

• Flexible business model with direct sale or ESCO model with Power Purchase Agreement (PPA)

• AQYLON can take responsibility for equipment supply only or assume overall project responsibility under BOO, BOOT, BTO and BLT arrangements

• Best Entrepreneur (regional prize) La Tribune 2015

• Winner EUROSTARS 2015

• Winner INNOTHERM III 2014

• Winner BDO Start-up 2014

• Winner INNOTHERM I 2013

• Winner Tremplin Entreprises 2013

• Finalist Graines de Boss 2013

• Finalist Cleantech Republic 2012

• Winner ADEME TOTAL 2012

AQYLON’s broad-based, multidisciplinary engineering team drives its rapid growth and ongoing success. The company has unique expertise in thermodynamic cycles and turbomachines and aims for long product lifetimes through the use of proprietary development tools. AQYLON’s project financing solutions help clients achieve

higher efficiencies with lower investments.

AQYLON’s flexible turbomachine development approach - even for standard projects – allows the company to create tailored solutions that best fit clients’ individual needs.

Innovation is at the heart of AQYLON’s progress and in a few short years the development team has 3 registered patents, 8 pending patents, and has won 9 prizes.

Flexibility is our key shared value at all levels

06

Multiple award-winning company

A Total Project Company

AQYLON can assume total responsibility for the successful implementation of turnkey projects, or manage a portion of the project. The company’s management expertise complements a wide range of manufacturing capabilities, including design, financial engineering, procurement, construction, quality assurance, installation, commissioning, training, operation and maintenance.

In addition to the ORC module, AQYLON can provide the whole spectrum of services and equipment to complete the project:

• WHR system and hot loop

• Piping and mechanical subsystem

• Controls and instrumentation

• Electrical subsystem, switchgear and switchyards

• Air or water cooled condensers

• Pumps

• Compressed air, water and support subsystems

There are 3 possibilities at the end of a 7-10-year PPA contract:1. There is no contract renewal: The SPV that owns the project has 6 months to take back the equipment.

2. There is a contract renewal: New electricity pricing and conditions will be determined for the renewed period. The minimum contract renewal period is 5 years.

3. Buyback option: The customer can purchase the equipment at a pre-determined discounted price.

Project Financing Model• Creation of a Special Purpose Vehicle (SPV) that

owns the ORC solution

• Sale of electricity or heat at an offtake price guaranteed for the long term

• Any performance risks are carried by the SPV

• No impact on the balance sheet of the client (“NO CAPEX”)

• Partitioning of the added value between the client and the investors

• This arrangement allows financing for projects beyond the usual 3 year payback time

If the customer does not want to invest, AQYLON proposes a financed solution

Sale of productsSale of maintenance SPV

Debt financing

Buys heatDeconsolidated contract

Buys electricity at lower price than from grid (PPA)

AQYLONDesign

ImplementationContract

BANKSFinancing

AQYLON10% - 15%

CLIENT10% - 15%

INSTITUTIONS OTHER INVESTORS

70% - 80%SPV investors take the risks -- Buy equipment through equity + take OPEX in charge -- Share benefits

CUSTOMER“ZERO CAPEX/ OPEX”

solution

07

A wide range of potential business models

Heat and Power ORC Solutions

AQYLON designs, manufactures and installs complete ORC solutions (Organic Rankine Cycle) for the production of electricity from high temperature heat sources, at a competitive price. AQYLON proposes standard and tailor made ORC solutions up to 10 MWe. Targeted applications include recovery of waste heat from engines, recovery of industrial waste heat, biomass power plants, geothermal and solar thermal sources.

AQYLON offers two business models. Customers may invest through the usual product purchasing process. For customers not willing to invest, we have a “ZERO CAPEX/ OPEX” option with turnkey solutions fully financed with the sale of the producedelectricity, at a lower price than the grid (PPA).

All product descriptions, technical specifications and representations may change without prior notice. The information contained in this document includes general descriptions of some technical options available, which may not apply in all cases. The required technical options should therefore be specified in the contract.

For more information, please contact our customer support center

Phone: + 33 (0) 1 40 56 07 36E-mail: contact@aqylon.com http://www.aqylon.com/

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