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Recommendations .............................................................................................................33 Process Recommendations .....................................................................................................33 Research Recommendations...................................................................................................34 Risk and Mitigants..............................................................................................................34 Technology Development .......................................................................................................35 Incumbent Technologies .........................................................................................................35 Total Cost of Ownership..........................................................................................................36 Sale Cycle.................................................................................................................................37 Conclusions ........................................................................................................................37 Appendices Appendix A. Glossary ...................................................................................................................38 Appendix B. Interview Notes .......................................................................................................39 Appendix C. Status of Licensing Partner Conversations ..............................................................67 Appendix D. Team Biographies....................................................................................................68 Endnotes ......................................................................................................................................70 Figures Figure 1. Worldwide ORC Installations, by Power .......................................................................1 Figure 2. System Schematics for Organic Rankine Cycle .............................................................4 Figure 3. System Schematics for the Modified OFC ....................................................................4 Figure 4. OFC Efficiency Gain vs. ORC Using Different Working Fluids .......................................7 Figure 5. Total System Cost Breakdown by Using Toluene as Working Fluid..............................10 Figure 6. 10 Year Cash Flow Comparison between 1 MW ORC and OFC ....................................12 Figure 7. Market Breakdown by Application Type and by Temperature / Power Output ..........13 Figure 8. Organic Rankine Cycle Market Players .........................................................................16 Figure 9. Global Electricity Prices, Household and Industry........................................................25 Figure 10. Market Assessment: Market Size, Technological Complexity and Market Appetite ......................................................................................................................27 Figure 11. Market Attractiveness ................................................................................................28 Figure 12. Summary Chart of Compatibility of Prospective Licensing Partners..........................32 Figure 13. Proposed Process Timeline.........................................................................................33 Tables Table 1. OFC Variants and Additional Components Required by Each Variant...........................5 Table 2. Preheater Area Comparison between OFC and ORC .....................................................8 Table 3. Condenser Area Comparison between OFC and ORC....................................................8 Table 4. 1MW ORC Heater and Condenser Cost Breakdown ......................................................9 4PDF Image | ElectraTherm Commissions 10 Green Machines
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