Smaller/Lighter, More Efficient, More Powerful
Motors
December 5, 2014
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2.2 Billion Motors
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Magnetic cores are an essential component of motors
Stator (electromagnet)
Silicon Steel
Remove wire: core
magnetic material
Unstack
MANCs can be easily integrated into existing motors
Stamp
Stack
Wind
Drop
MANCs Ribbon
MANCs transcend traditional tradeoffs
106
Limitation of
conventional materials
Permeability (H/m2)
More Efficient
105
Magnetic Amorphous
Nanocomposite
(MANC)
104
103
Ferrite
0.5
Amorphous
1.0
Silicon Steel
1.5
2.0
Magnetic flux density (T)
Magnet Strength
2.5
Today’s magnetic cores are limited by heat losses
Electrical Power
In
Mechanical Power
Out
Silicon Steel
Heat = Lower Efficiency
Today’s magnetic cores are limited by heat losses
Electrical Power
In
Mechanical Power
Out
Silicon Steel
Heat = Lower Efficiency
Motors have three main engineering levers
Size
Power
Losses
1) MANCs enable energy efficient motors
Size
Power
Losses
7% More Efficient
2) MANCs enable more powerful motors
Size
Losses
Power
>5X More Power
3) MANCs enable smaller and lighter motors
Power
Losses
Size
70% Smaller
More efficient, stronger, and/or smaller/lighter motors
Our MANCs will enhance today’s motors through greater
efficiency
Motors are ubiquitous; many are industrial
230 MM
industrial size
motors globally
Fans
19%
By application
Pumps
19%
Compressor
32%
Mechanical
30%
Industrial motor inefficiency is an enormous challenge
Global electricity demand by end use
Others
Motors
46%
Electric motor electricity demand by sector
NonIndustrial Industrial
64%
30% of global electricity demand
Global Electricity
Consumption
2.5%
annually
Terawatt-hours (TWh)
Industrial motor inefficiency is an enormous challenge
15,000
10,000
$1,000
12,000
8,000
$800
9,000
6,000
$600
Annual
Annual
CO2
Electricity
Emissions
Costs
by 2030
6,000
4,000
$400
8,600
$900 Bn
Mt
3,000
2,000
$200
-
-$0
Energy
Consumption
(TWh)
Energy
Consumption
(TWh)
CO2Cost
Emissions
(Mt)
(in $Bns)
Shift in market share of electric motor efficiency classes
MANC-enhanced motor
category
Slow progress for adoption of
premium efficiency (IE3)
electric motors
MANC-enhanced motors will close the efficiency gap
Efficiency scale
96%
Silicon Steel
90%
100%
MANCs
10% Inefficiency gap
Annual Cost
Reduction
Annual CO2 Emission
Reduction
$34 BN
360 MM
tons
Trends in the industrial motor market are favorable for
MANC-enabled motors
Market
Competitors
Regulations
Steady industrial growth
worldwide
Our MANCs will enable tomorrow’s motors through greater
efficiency, more power and reduced size
EV adoption has come a long way but still has further to go
60,000
Cumulative Tesla Vehicle Sales
50,000
40,000
30,000
20,000
10,000
0
• Source: Goldman Sachs, company filings, website, and Wall Street research
• Note: Geographic expansion is an illustrative representation. Each dot represents 50 vehicles sold.
Q1 2008
The
Tipping
Point
for
EV adoption has come a long way but still has further to go
Electric Vehicles
60,000
Cumulative Tesla Vehicle Sales
50,000
40,000
30,000
20,000
10,000
0
• Source: Goldman Sachs, company filings, website, and Wall Street research
• Note: Geographic expansion is an illustrative representation. Each dot represents 50 vehicles sold.
Q1 2009
The
Tipping
Point
for
EV adoption has come a long way but still has further to go
Electric Vehicles
60,000
Cumulative Tesla Vehicle Sales
50,000
40,000
30,000
20,000
10,000
0
• Source: Goldman Sachs, company filings, website, and Wall Street research
• Note: Geographic expansion is an illustrative representation. Each dot represents 50 vehicles sold.
Q1 2010
The
Tipping
Point
for
EV adoption has come a long way but still has further to go
Electric Vehicles
60,000
Cumulative Tesla Vehicle Sales
50,000
40,000
30,000
20,000
10,000
0
• Source: Goldman Sachs, company filings, website, and Wall Street research
• Note: Geographic expansion is an illustrative representation. Each dot represents 50 vehicles sold.
Q1 2011
The
Tipping
Point
for
EV adoption has come a long way but still has further to go
Electric Vehicles
60,000
Cumulative Tesla Vehicle Sales
50,000
40,000
30,000
20,000
10,000
0
• Source: Goldman Sachs, company filings, website, and Wall Street research
• Note: Geographic expansion is an illustrative representation. Each dot represents 50 vehicles sold.
Q1 2012
The
Tipping
Point
for
EV adoption has come a long way but still has further to go
Electric Vehicles
60,000
Cumulative Tesla Vehicle Sales
50,000
40,000
30,000
20,000
10,000
0
• Source: Goldman Sachs, company filings, website, and Wall Street research
• Note: Geographic expansion is an illustrative representation. Each dot represents 50 vehicles sold.
Q1 2013
The
Tipping
Point
for
EV adoption has come a long way but still has further to go
Electric Vehicles
60,000
Cumulative Tesla Vehicle Sales
50,000
40,000
30,000
20,000
10,000
0
• Source: Goldman Sachs, company filings, website, and Wall Street research
• Note: Geographic expansion is an illustrative representation. Each dot represents 50 vehicles sold.
Q1 2014
The
Tipping
Point
for
EV adoption has come a long way but still has further to go
Electric Vehicles
60,000
Cumulative Tesla Vehicle Sales
50,000
40,000
30,000
20,000
10,000
0
• Source: Goldman Sachs, company filings, website, and Wall Street research
• Note: Geographic expansion is an illustrative representation. Each dot represents 50 vehicles sold.
Q2 2014
The
Tipping
Point
for
EV adoption has come a long way but still has further to go
Electric Vehicles
60,000
Cumulative Tesla Vehicle Sales
50,000
40,000
30,000
`
20,000
10,000
0
• Source: Goldman Sachs, company filings, website, and Wall Street research
• Note: Geographic expansion is an illustrative representation. Each dot represents 50 vehicles sold.
Q3 2014
One of the largest barriers remains limited range
Everyone’s focusing on the battery
Motor
Battery
Imagine the motor was replaced by one that was more
efficient and smaller
+7%
-74%
A more efficient, lighter MANC-enabled motor can extend
vehicle range
80km
25%
100km
Our MANCs will enable tomorrow’s motors through greater
efficiency, more power, and less size
An electric revolution in the air – Safran Magazine
Electric aircraft take off, as Europe leads the way – Engineering & Technology Magazine
Airplanes have a lot of moving parts, but only a few are
electric
Non-Propulsion Systems
Electric
system
Hydraulic
system
Propulsion System
Pneumatic
system
Combustion
engine
Aircraft electrification is happening now, in the commercial…
… and the military spaces
Power density remains critical to pushing this trend forward
Horsepower per pound
10
9
8
7
6
5
4
3
2
1
0
Current electric motors
Jet engine requirements
Power density remains critical to pushing this trend forward
Horsepower per pound
10
9
8
7
6
5
4
3
2
1
0
Current electric motors
Jet engine requirements
47
MANCs enable progress toward electrification
Aircraft
Non-Propulsion
Systemsand Propulsion Systems
Electric system
Hydraulic
system
Pneumatic
system
Propulsion
Combustion
Engine
Enabling electrification leads to valuable outcomes
Save money
Reduce fuel use
Electrification
using MANCs
Reduce weight
Reduce emissions
Increase range
Save lives
There are many promising apps. How do we select and
develop the initial killer app?
We possess existing capabilities to serve these markets
Capable Team
Incorporated Entity
Production Capabilities
South Pole Magnetics
SPM
Industry
Experience:
Patents:
Grants
Received:
Journal
Articles:
45 years
2
3 NSF
1 ARPA-E
250+
Founded:
HQ:
Industry:
2014
Pittsburgh, PA
Fabricated
Metal Product
Manufacturing
Equipment:
Capacity:
Production
Capabilities:
Castors
250kg, 5kg
4”and 2”
ribbons
We possess existing capabilities to serve these markets
Significant Funding
Established IP & Prototype
Key Partners
2 Content of Matter
Patents
Prototype Design
1 Operational Prototype
GTM Plans
Over 10 years
$~4mm
SPM: From Lab to Market
Phase I
SPM
Secure
Funding
(~$500k)
Phase II
Develop
Partnership for
Prototype
Phase III
Determine
Killer App
Paths to funding face different advantages and open
questions
Venture Capital
Public Funding
Strategic Corporate
Validation, network,
mentorship
Non-dilutive
Validation, network,
mentorship
Follow-on funding
Customers
Difficult to secure
Ownership dilution
Long process
Follow-on funding
Ownership dilution
SPM’s initial killer app will be driven by funding strategy
and partner needs
SPM
With a differentiated product, an array of potential apps,
and a viable GTM strategy …
Differentiators
Potential Apps
GTM Strategy
SPM is poised to become the platform to accelerate the
electrification of motors
SPM
UC Berkeley Team
Becky Xilu Li
MPP Candidate
Chad Reed
MBA Candidate
Paul Hogan
MBA Candidate
Alex Chun
MBA Candidate
Danny Hellebusch
PhD Candidate
David Liu
MBA Candidate
Appendix
We offer the performance of MANCs and the durability of
Si-Fe
Conventional
Advanced
Silicon Iron
(Si-Fe)
Ferrites
Amorphous
Si-Fe
MANCs
Fe-Co
MANCs
2.0
0.25-0.5
1.8
1.23-1.35
1.8
High
10-50
0.01-10
50
80
0.7-1000
Wide range
6
10-1600
3.5
0.6-2.5
1-10
Low
Coercivity
Brittleness
Low
Low
High
Low
Low
Strong
Curie Temperature
(degC)
745
120-500
415
570
200-980
High Thermal
Limit
AC Power loss
density (W/kg)
0.84
N/A
0.66
0.01
0.01
Low Power
Losses
Power conversion
density (W/kg)
Low
Med
High
High
High
High Power
Conversion
Saturation (T)
Permeability (103)
Coercivity (A/m)
Experimental motors made by others gives us a baseline
for performance
EV Motor Prototype (Light Engineering)
Industry
LE Prototype
Motor
25 kw ACPM
M32L2-ACPM
Motor Weight
163kg
42kg
Motor Efficiency
88%
95%
Cargo Capacity
1000kg
1500kg
Range
80 km@ 40 kph max
100 km @ 70 kph max
Grade Ability
8%
30%
We believe we can make a motor with the same output at
~25% the weight and volume
Projected Motor Performance
MANCs (Projected)
Silicon Steel
Rated Output (kW)
50
50
Rated Torque (Nm)
200
136
Weight (kg)
48
160
Volume (L)
15
60
4.717
0.82
95
94.90
Power Density (kw/L)
Efficiency (%)