Hydrovolts, Inc. Newsletter

Hydrovolts generates power from all kinds of flowing water

"Power from Water!" June 2009
In This Issue
About Hydrovolts
Development Progress
Grant Funding
Need a Speaker?
Did You Know?
Hydrovolts Wins Again!
Policy Update
Customer Spotlight
 
Hydrovolts logo
Hydrovolts, Inc. provides new hydropower solutions to generate renewable energy from fast-flowing currents.
 
Hydrovolts turbines allow distributed and point-of-use generation or can generate revenue from net metering to the electrical grid.
 
Hydrovolts turbines are:
  • simple
  • safe
  • complete
  • compact
  • modular
  • scalable

Hydrovolts turbines are also extraordinarily cost-effective with an operating cost of less than $0.01/kWh, and a typical capital ROI of less than 5 years.

 
DevProgress 
Development Progress

With help from Professor Bruce Adee and some of his students, Hydrovolts tested the Flipwing turbine in a flume at the University of Washington. Check out the video!
 

Progress on making the turbine fully submersible has been delayed due to the difficulty of getting parts from suppliers. We expect the last parts to arrive this week, and, after final assembly, we will be ready for the next stage of testing and demonstration.

Our next demonstration will  show more clearly than ever before the promise of this revolutionary new hydropower approach and why we believe it superior to all prior designs. Want to see a demo? You can! We'll send an email in advance of the next in-water test, or you can contact us for details. 

 

 
GrantFunding

Grant Funding
 
 
In the past month Hydrovolts has submitted two grant applications.

Under the US Department of Energy's (DOE) Advanced Waterpower Technologies Program Hydrovolts responded to an open RFP for marine and hydrokinetic energy technologies, proposing to test the marine life impacts of the Hydrovolts Flipwing and three other turbines. As a corollary, we would also collect data on the relative performance characteristics of the four turbines.

Hydrovolts has also submitted an application for a grant under California's Energy Innovation Small Grant (EISG) Program, a part of their Energy Commission's Public Interest Energy Research (PIER) Program. If successful, this $90K grant would fund a demonstration project of a full-size Hydrovolts turbine in a Washington irrigation canal. (The siting here is permissible because it would demonstrate a technology applicable to California.)

 
 
 
Looking for a Speaker?
 
Interested in learning more about Hydrovolts or more broadly about renewable energy technology and policy?
 
Both Burt and Chris are veterans of technical and general interest presentations to audiences ranging from local civic groups to international technical conferences.
 
Contact us about speaking to your group.
 
DidYouKnow 
Did You Know?
 
Irrigation canal

Hydrovolts has identified more than a dozen target market segments of significant commercial potential. While many of these are very exciting the initial focus of Hydrovolts is on only one--irrigation canals.

Irrigation canals are an enormous market for Hydrovolts.
 

There are 37 irrigation districts in Washington, each of which typically has 50-100 miles of main canal with multiple side branches. Each canal system could utilize up to several hundred Hydrovolts turbines.

California has 42 irrigation districts, some of which dwarf those in Washington both in miles of canals and in the number of Hydrovolts turbines that they could deploy. Irrigation districts generally have large capital budgets which can be used to upgrade facilities; the Imperial Valley Irrigation District's capital budget exceeds $1B per year.

Nationally, there are approximately 500 irrigation districts in the United States. Many foreign countries also have extensive canals and irrigation systems.
 


 
 

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Greetings from all of us at Hydrovolts!
 
This has been a fun newsletter to write. It's been another busy month in which we've again received validation of our business and continued to make steady progress laying the groundwork for future success.

In this newsletter we'll report on reaching the semi-final round of the Clean Tech Open, provide an update on our current R&D efforts and the latest funding opportunities and policy happenings. This month's Customer Spotlight takes a brief look at resource exploration in the developing world. Finally, did you know how large the market is for turbines in irrigation canals? You might be surprised!

 
Got topics you'd like us to cover in future newsletters? Need answers to questions about what we're doing, or about renewable energy? Please contact us; we'd love to hear from you!
  
 
CTOHydrovolts Reaches Semi-final Round
of the Clean Tech Open
 
 
Hydrovolts was selected as one of 12 semi-finalists in the 2009 Clean Tech Open (CTO). Hydrovolts will next compete to be one of 3 regional finalists in the Pacific Northwest and, if successful, vie for the grand prize in the national competition. Regional finalists each win $50,000 in cash and services; the national winner receives a package of cash and services worth $250,000.

 
Clean Tech Open Semi-finalist certificate
 
The selection of Hydrovolts from among 56 entrants was announced at a gala event Thursday evening in the Puget Sound Energy auditorium in Bellevue. "The quality of entries was so high that we feel any of these 12 semi-finalists could be the regional, or even national winner," said John Pierce, co-chair of the CTO Pacific Northwest chapter. The selection extends to four Hydrovolt's unbeaten string in startup competitions, following first place finishes at the NWEN First Look Forum, the ZINO Zenith Award, and the winning of the ZINO Green Investment Fund.

Following the announcement, Hydrovolts CEO Burt Hamner briefly addressed the room, thanking the judges for recognizing the company and sharing our enthusiasm "for bringing renewable water power to places where it has never before been possible." The CTO also emphasized sustainability; Hydrovolts has a strong triple bottom line story that came through very clearly. Noted Burt: "Reaching the semifinal round is recognition not only for the strength of our unique technology but also for the huge global potential for our business to advance sustainable community development."

Judging criteria for the competition includes:
 
  • Technology and/or idea are feasible
  • Innovative with highest economic and environmental/social impact
  • Strong environmental sustainability
  • Solid financial and technical scale-up plans within a 5-year horizon
  • Demonstrates financial sustainability
     
Hydrovolts COO Chris Leyerle was gratified by the triumph: "Going in to the judging I thought we had made a very strong case for Hydrovolts. The night of the announcement, however, there were slides of each entrant showing continuously on monitors in the room--the competition was formidable! It was awesome to be competing against so many impressive companies, and an absolute thrill to be selected for the next round of the competition."

Hydrovolts and the other 11 semi-finalists will next receive mentoring and coaching on all aspects of the business for the next several months, and also attend a 3-day intensive "bootcamp" in San Francisco. A full business plan and a PowerPoint presentation in September will be used to select the three regional finalists on October 15. The national competition in San Francisco will be at the end of October.

The non-profit Clean Tech Open was founded in 2006. Its mission is to serve as an innovation catalyst, providing the infrastructure and processes to develop and motivate entrepreneurs and early-stage companies creating clean, environmentally sustainable technologies The core of CTO is an annual business competition, supported by expert volunteers and mentors, that provides entrepreneurs with the crucial business training, services and insights they need to go to market successfully. CTO has awarded more than $2.7M in prizes, assisted over 100 companies raise more than $120M in external funding, and has spurred the creation of hundreds of jobs. Fueled by a network of over 400 volunteers and sponsors, CTO unites the public and private sectors in a shared vision for making America's clean tech sector a thriving economic engine. 84% of the 125 previous CTO semi-finalists from prior years are still operating companies today, with 42 patents issued and serving nearly 1000 customers.

 
Thanks again to all our friends, mentors and supporters who helped us prepare for and win this prestigious event!
 
Hydrovolts press release
Clean Tech Open press release
 
Tech Flash blog
Seattle P-I blog

 
 
FundingDevelopmentsRenewable Energy Policy Developments
 
 
On Friday the US House of Representatives passed the American Clean Energy and Security ("Waxman-Markey") bill, HR 2454, "to create clean energy jobs, achieve energy independence, reduce global warming pollution and transition to a clean energy economy." President Obama hailed the vote for the bill which "will finally create a set of incentives that will spark a clean energy transformation of our economy." The bill is enormous, which does not make for easy reading, and it faces a tough road in the Senate. However, if enacted, it will both provide direct support for Hydrovolt's efforts and catalyze broader economic momentum behind clean renewable energy development and deployment.

Meanwhile, on June 19 the Senate Energy and Natural Resources Committee passed Senate Bill 923, the Marine Renewable Energy Promotion Act, sponsored by Senator Lisa Murkowski (R-AK). It would provide for $250M in grants each year from 2010 through 2021 to fund R&D, commercialization, and environmental assessment for marine renewable energy technologies. The Act defines "marine renewable energy" to also include "free flowing water in rivers, lakes, man made channels, and streams" so the provisions of the Act, if passed in its current form, would directly apply to Hydrovolts' activities.

Please contact your elected officials and urge them to support and strengthen these two critically needed pieces of legislation.

 
Finally, on June 24, the US Department of Energy (DOE) awarded $24.3M to Washington's State Energy Program, part of the broader funding stemming from the American Recovery and Reinvestment Act of 2009 (the "Stimulus Bill"). The funds will be administered by the Community Trade and Economic Development (CTED) office; the most recent official indications are that these funds would be used for small-scale renewable energy technology R&D and demonstration projects--a good match to Hydrovolts' current plans. An additional $30M will be awarded by DOE later as the State successfully implements its program.

At Hydrovolts, we continue to monitor public policy and grant funding developments, provide insight and advice to elected officials and program administrators, and work steadily on winning grant funding to advance our objectives consonant with the public interest. We reamin optimistic that we will be successful in competition for some of these funds.
 

 
 
 
CustomerSpotlightCustomer Spotlight
 
Mining Exploration
 
Some people need electrical power in remote areas where no electrical grid exists to deliver centrally produced energy. They need a distributed energy generation technology which is portable, rugged, works when and where they need it, and is cost-effective. There are many examples of this need, including remote cabins and lodges, developing world villages, island communities and military field operations, amongst others.

Another example is remote resource exploration, such as for mining. Almost all mining operations use quite a bit of water; feasibility of a particular mine site is dependent in part on the availability of a reliable water supply, generally from a natural watercourse such as a river. Consequently, such sites are well-suited for power generation using a Hydrovolts turbine.

 
The existing solution in almost all cases is a diesel generator. It has the advantage of providing steady power when and where needed, but has several serious drawbacks, including smell and noise, but most especially cost. In most remote locations the fuel must be brought in by truck, sometimes on very bad roads that can take days to navigate. In extreme cases, fuel must be flown in by helicopter. As a result, the effective cost of the generated electricity can be $1.00/kWh and up--more than 100 times that from a Hydrovolts turbine!

 
Many companies engaged in resource exploration, including mining companies, are acutely sensitive to the needs and values of the communities in which they operate. Commonly such companies will build infrastructure (sometimes as part of their operations) which they will leave to community ownership upon project completion. According to one potential Hydrovolts customer, such infrastructure satisfies the "social license" companies crave to smooth their operations amongst local populations. By creating a "prideful and positive experience" they gain support of communities, reduce conflict, lowering costs, and increase their chances of a successful project.

Hydrovolts turbines are an excellent choice for mining companies in the exploration phase of projects. They reduce costs during operation, and can reduce overall capital costs as well; if they are left for community use at project completion then the mining company may be able to defray the capital cost by creative partnering with NGOs or even the community itself.

 
 
 
Please contact us to find out more or get answers to your questions. Want to come see the turbine? We'd love to show you! And please forward this newsletter on to others you know who may have an interest in the exciting business we're building.
 
Thanks for your support!
Best regards,
 

Chris Leyerle
Hydrovolts, Inc.
 

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