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Patent Status On November 14, 2011, Dr. Ho and his academic advisors Professor Samuel S. Mao and Professor Ralph Grief submitted a Record of Invention (Case Number: IB-3172) to Lawrence Berkeley National Lab (“LBNL”) for the OFC. Subsequently, a Provisional Patent Application (“PPA”) was filed by LBNL on June 26, 2012 with a validity of one year. The specific intellectual property rights covered under the PPA relate “to the use of an OFC as a vapor power cycle for thermal energy conversion, and to enhancements to the basic OFC for improved power production.”9 In order to maintain the current patent coverage and create opportunities for LBNL and the scientists to remain involved in the further development of OFC technology, a standard Patent Cooperation Treaty (“PCT”) will need to be filed within one year of the original PPA filing. The scientists have priority for every feature covered in the PPA and by extension they have the first right to file a PCT. If a PCT is filed, the US Patent and Framework Office will examine the patent application. Additional details on the patent application process and relevance to the OFC technology is covered in the Path to Market section. Value Proposition In this section we assess the value proposition offered by the OFC across the following parameters: efficiency, cost, and ease of development. Efficiency Compared to Organic Rankine Cycle As described in the Technology Overview section, the OFC has the potential for increased efficiency compared to the basic ORC. Having established the Modified OFC as our minimum viable product, we will develop our analysis of the value proposition based on a Modified OFC system. Figure 4 shows the efficiency gain from the OFC compared to a traditional ORC system for various fluids. Both the OFC and ORC can use various fluids as working fluids. Dr. Ho analyzed two main families of fluids, hydrocarbons and siloxanes, in his research. He observed that for all aromatic hydrocarbons, the Modified OFC has an efficiency gain over the ORC in the range of 9-13% The first advantage of the OFC is therefore an increase in efficiency. This increase in efficiency is an important component of the value proposition as it contributes to a shorter payback period and thus, increased attractiveness for potential customers. For the purposes of the cost assessment and to take a conservative perspective, the toluene fluid will be analyzed. 6PDF Image | ElectraTherm Commissions 10 Green Machines
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