- Electa Pods are underwater turbines that are anchored in Constant Ocean Currents to deliver a 24/7 clean energy supply or alternatively in Tidal Currents and rivers.
Project Description and Technology
- Solution: Electa Turbines use fluid dynamics to harness the kinetic energy of currents.
- Product: Electa is an underwater turbine that is anchored in approximately 1.6 M/S Currents to provide a clean energy supply. Multiple 450 Mw/Hr Pods can be on each line.
- Clients: Are state and semi-state bodies, companies in the services sector, and the industrial sector. Data Centres to help reduce reliance on national grids.
- Region and Market Size: Internationally, near coastal cities/ towns where we can attain permits for farms of Electa Pods in currents with good speeds and scalability possibilities for the project. The Market size is global.
- Recommended Sectors: Services sector, Data Technology sector, Industrial sector and Agricultural sector.
- IP: The technology is patented (IP no. 86387), copyrighted, and has design protections.
- Development Team: Murphy Inventions Ltd. with Partners, Associates, and Service Providers to develop prototyping and installation.
- The Competitive Advantages: Electa is a reliable energy supplier with electricity generated from Constant and Tidal Currents. The Pods are discreet, silent, and cannot be seen as they are Underwater.
Financing Opportunity Phase 1 in Ireland, Europe, or the UK
- Electa Ltd. Will soon be established as a new Subsidiary of Murphy Inventions Ltd. and will be the special Purpose Entity to run the Electa Project.
- Funding Deal – Seeking Capital to finance a smaller scale proof of concept unit for a tank test in a recognised test facility i.e. advance the project from TRL 2/3 to TRL 5, the Capital requirement of €330,000 in exchange for 33% equity. Duration 1 year, upon completion a new company will be formed.
- Investor type: Preferably a Private fund or Strategic to the project.
- CFD model and analysis, CAD modeling and design optimisation, followed by the building of a prototype for a tank test, running simulations and following up with a numerical analysis of CFD highlighting the results from the various tests, followed by a potential anchored live test in Cork Estuary or an alternative location.
- At the same time a financial appraisal including a more in-depth LCOE analysis, NPV, NPV per Megawatt, IRR, ROI, etc to feed into a financial/ commercial plan.
- Funding strategy phase 2 or from TRL 5/6 onwards will be of interest to energy companies and Co-funding from the EU as the project will be sufficiently advanced with live numerical analysis.
- Opportunity to finance an experienced Consortium of Professionals to develop a sustainable energy solution as Electa Turbines are safe for ships and harmless to fish and mammals. MIL will work directly with Partners as well as Irish and International Service Providers.
Financial Investment Opportunity Phase 2 in Brazil
- Total funding required for 5.4 MW farm: BR$55,000,000 to further develop TRL’s followed by a 5.4 MW Total Rated Power Plant in Brazil.
- Remote Auto consumption modality, TIR around 14%.
- Refined prototype development Cost: BR$5,000,000.
- BR$1.716.550 Capex for Single 450KWh Pod.
- Energy produced (forecast): 12,599,320 kWh / year.
- Location: Natal or Rio de Janeiro / RJ.
- Implementation time: 4 years.
- Operating time: 25 years.
- This is an example of 12 Electa Pods in an ocean current with an average speed of 1.6m/s. MIL can quote figures for other locations.
- The annual unit yield of 1,604 MWh including annual degradation percentage and taking into account availability and capacity factor.
- 5.4 MW project consisting of 12 ( 6 x 2 ) Electa pods expected to generate 19.3 GWh per annum with a total CAPEX of BR$45m Brazilian Real, with an annualized farm OPEX of BR$1.364m.
- Revenue figures of BR$577/MWh.
- For a BR$45m CAPEX, the deployment would have BR$20.5m (45%) spent on units, leaving BR$24.5m (55%) for the balance of plant including cables, substation, development, installation, commissioning, and decommissioning.
- This is BR$8.2m/MW installed. The OPEX figure is just over 3% of TCP. The LCOE for the scenario above is BR$460/MWh.
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