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- 1. Radix ® POWER AND ENERGY CORPORATION Dr. J. Paul Farrell President and CEO February 2012 All information proprietary to RADIX
- 9. RADIX Solid Lines (Left Axis) – Annual Plant Cost Dashed Lines (Right Axis) – Wholesale Power Price $/MWH Diesel - $4 Start Fuel Price Diesel - $6 Start Fuel Price Annual Ownership Costs (with 30Yr NPV) & Cost of Wholesale Power 10 MW RADIX vs. Diesel NPV : $1.5B NPV: $1B NPV: $400M Diesel costs based on 2011 market values of $4/gal and > $6/gal in remote areas. Assumes diesel price increases 5% per year equivalent to a real year 30 price of $134 a barrel of oil. All information proprietary to RADIX Business Case
- 10. All information proprietary to RADIX With 10% Amortization Rate for Nuclear Fuel and Equipment A 10 MW diesel electric generator burns about 800 gallons of diesel fuel per hour (7,000,000 gallons per year) 10 MW x 10 Year Cost of Operations
- 11. All information proprietary to RADIX Offer an MMR that is Affordable, Licensable & First-to-Market RADIX Strategy
Notas do Editor
- Also want to examine 2 MWe 10 year configuration
- 20 m3 = 20 tonnes H2O in pressure vessel. Power usage varies widely In Southern California 6000 kWh/household year 1000 kW x 8720 hours/year = 8720,000 kWh/year 8720,000 kWh/year /(6000 kWh/household year) = 1453 households. So 1 MWy will power 1453 households for 1 year. 10 MW will do 14,000 households.
- Net Electricity Generation by Region chart Shows Emerging Market (EM) supply growing nearly 300%. Greatly due to increased standard of living for nearly 50% of world population without electricity. EM generally don ’t have infrastructure for centralized plants so obvious choice is distributed power via diesel plants. These additions add greatly to CO2 output contradicting G7 efforts to curb CO2. Also the consumption of oil adds pressure to global prices causing an even greater need to reduce or eliminate diesel fired plants in developed nations. Particularly in areas in remote regions which already pay a substantial premium for diesel fuel. The increasing global GDP and population with ever-increasing expectations of wealth and lifestyle are likely to mean a rapid expansion in energy supplies of all types being required to keep pace. To put this into perspective, China ’s GDP will likely be larger than the USA by 2040. Imagine 1.5 million people in China and 1 million people in India having the ability to purchase an automobile, have air conditioning and central heating and the myriad of electrical appliances available on the market. http://www.energyinsights.net/content/articles/energysupplydemand.htm Worldwide demand for petroleum is growing, particularly as related to economic trends in China, India, Eastern Europe and other developing areas. China oil demand +104% by 2030, India +91%, Africa +105%, Central and South America +98 to 112%, US, Europe +22 to 34% (Exxon) http://www4.uwm.edu/cuts/2050/energy05.pdf Sustainable development meets the needs of the present without compromising the ability of future generations to meet their own needs. (UN World Commission on Economic Development, 1987) A system that is not sustainable will eventually collapse Collapse occurs quickly with increasing demand and a declining supply The higher it rises, the greater the fall. the only questions are When will the collapse occur? How will it occur? What happens during collapse? What needs to be done to cushion the collapse? Collapse of petroleum system could have sever consequences Global economic recession/depression Severe inflation Investor speculation leading to wide price swings Removal of environmental controls over remaining resources Transfer of wealth to countries with remaining resources Rise of autocratic governments Increasing poverty in third world countries Political/military conflict over remaining resources
- Cost of 10 year supply of TRIGA is ~ $16.75 million or $2.7 million/year amortized at 10%. Diesel fuel cost is $27 million/year at $4.00 and $42 million at $6.00 per gallon. A 10 MW diesel generator burns approximately 800 gallons of diesel per hour (or approximately 7,008,000 gallons of diesel fuel per year). Diesel prices, like gasoline have fluctuated substantially in the past year, but as recently as July 2011, the average price was $3.90 per gallon. Applying this diesel price, RADIX estimates the cost for fueling a 10 MW system is $26.7 million per year and yields electricity at an average price of $.42 per kilowatt hour (kWh). In remote locations where many such generators are located, diesel fuel costs are significantly higher due to demands on supply and delivery infrastructure. For example, some areas within North America pay $6.00 to $8.00 per gallon or more resulting in estimated electricity prices of $.63 to $.83 kWh. These numbers are further corroborated by other independent studies showing average electricity prices in many Alaskan and Canadian communities ranging from $.40 to $1.27 per kWh.