Maurizio Ruggi Chief Executive Officer
September 23, 2015
WT ENERGY: Urban waste as source for low cost renewable electric energy production
WTE TECHNOLOGIES - Solutions
Feedstock Process Output Products End-users
Municipal Solid Waste PRETREATMENT: Sorting, recycling and treatment
ANAEROBIC DIGESTION:
biowaste, biomass, agro industrial waste
VLE STEAM BOILER: Input waste flexibility MSW, medical waste, chemical, tyres
Manure, agriculture, slaughterhouses, agro industrial wastes, marc, stillage, sludges
Medical and Hospital, chemicals industrial
Recyclables, glass, metal, aluminium
Biomethane, compost, nitrogenous water
Electrical and thermic energy
Electrical companies, District heating
Transportation/civil biofuels, agriculture
Recycling industries
Distilleries
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ACTUAL RESULT EMISSION LIMITS Delta
mg/Nm3 mg/Nm3 %
hours of measurement 8.000 EUROPE
Particulate matter (PM) 0,40 10 -96,00
NOx - Nitrogen Oxides 62,5 100 -37,50
SO2 - Sulfur Dioxide 3 50 -94,00
HCl - Hydrogen Chloride 0,50 10 -95,00
CO - Carbon Monoxide 8,8 50 -82,40
TOC - Total Organic Carbon 1 10 -90,00
HF - Hydrogen Fluoride 0,0715 1 -92,85
PAH - Polycyclic Aromatic Hydrocarbons 0,000009 0,01 -99,91
Hg - Mercury 0,001 0,05 -98,00
Cd+Tl - Cadmium + Thallium 0,001 0,05 -98,00
Total Metals 0,004 0,5 -99,20
PCDD/DF - Dioxin/Furans 0,0000000004 0,0000001 -96,00
WT ENERGY VLE - Very Low Air Emission
certified data by competent authority (ARPA)
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U.S. average levelized costs (2013 $/MWh) for plants entering service in 20201
Plant type Capacity factor (%) Levelized
capital cost Fixed O&M
Variable
O&M
(including
fuel)
Transmission
investment
Total
system
LCOE
Dispatchable Technologies
Conventional Coal 85 60.4 4.2 29.4 1.2 95.1
Advanced Coal 85 76.9 6.9 30.7 1.2 115.7
Advanced Coal with CCS 85 97.3 9.8 36.1 1.2 144.4
WT ENERGY Thermal VLE 5
85 28,1 14.2 19.3 1.3 62.9
Natural Gas-fired
ConventionalCombined Cycle 87 14.4 1.7 57.8 1.2 75.2
Advanced Combined Cycle 87 15.9 2.0 53.6 1.2 72.6
Advanced CC with CCS 87 30.1 4.2 64.7 1.2 100.2
Conventional Combustion Turbine 30 40.7 2.8 94.6 3.5 141.5
Advanced Combustion Turbine 30 27.8 2.7 79.6 3.5 113.5
Others
Advanced Nuclear 90 70.1 11.8 12.2 1.1 95.2
Geothermal 92 34.1 12.3 0.0 1.4 47.8
Biomass 83 47.1 14.5 37.6 1.2 100.5
Non-Dispatchable Technologies
Wind 36 57.7 12.8 0.0 3.1 73.6
Wind – Offshore 38 168.6 22.5 0.0 5.8 196.9
Solar PV3 25 109.8 11.4 0.0 4.1 125.3
Solar Thermal 20 191.6 42.1 0.0 6.0 239.7
Hydroelectric4 54 70.7 3.9 7.0 2.0 83.5
1Costs for the advanced nuclear technology reflect an online date of 2022. 2The subsidy component is based on targeted tax credits such as the production or investment tax credit available for some technologies. It only reflects subsidies available in 2020, which include a permanent 10% investment tax credit for
geothermal and solar technologies. EIA models tax credit expiration as follows: new solar thermal and PV plants are eligible to receive a 30% investment tax credit on capital expenditures if placed in service before the end of 2016, and 10%
thereafter. New wind, geothermal, biomass, hydroelectric, and landfill gas plants are eligible to receive either: (1) a $23.0/MWh ($11.0/MWh for technologies other than wind, geothermal and closed-loop biomass) inflation-adjusted production
tax credit over the plant's first ten years of service or (2) a 30% investment tax credit, if they are under construction before the end of 2013. Up to 6 GW of new nuclear plants are eligible to receive an $18/MWh production tax credit if in service
by 2020; nuclear plants shown in this table have an in-service date of 2022. 3Costs are expressed in terms of net AC power available to the grid for the installed capacity. 4As modeled, hydroelectric is assumed to have seasonal storage so that it can be dispatched within a season, but overall operation is limited by resources available by site and season.
Source: U.S. Energy Information Administration, Annual Energy Outlook 2015, April 2015, DOE/EIA-0383(2015). 5based on WT Energy plants
Estimated levelized cost of electricity (LCOE) for new generation resources, 2020
Note
Type of plant Mixed waste to energy VLE Thermo-Power plant
Quantity processed About 150.000 tons/year
Location Faenza (RA) North of Italy
Type of waste
RDF from MSW: 75.000 ton/year Biomass from pruning: 41.000 ton/year
Other agricultural dry waste 34.000 tons/year
Electric Energy MWh produced
About 145.000 year To grid and for
self consumption
September 2015 Re-thinking energy 5
A case-history: Plant description
Financial Results (based on official balance sheet)
April, 2015 Re-thinking energy 6
In millions € Project
objectives ACTUAL 1° year/ 2011
ACTUAL 2° year / 2012
ACTUAL 3° year / 2013
ACTUAL 4° year / 2014
TOTAL INVESTMENT 65,5 66,2
INITIAL DEBTS 52,3
INITIAL EQUITY 13,9
REVENUES 20,5 21,2 21,5 19,9 19,9
EBITDA 8,9 9,1 9,4 9,3 9,3
% Ebitda/Revenues 43,41% 43,30% 43,90% 46,70% 46,74%
% Ebitda/Investment 15,84% 16,30% 16,80% 16,60% 16,62%
% Ebitda/Equity 65,50% 67,60% 66,91% 66,91%
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Conclusions
Strange enough the major countries continue to produce electricity only from fossil expensive sources. With rapid economic growth and massive urbanization, many cities face the problem of municipal solid waste (MSW) disposal. Undoubtedly using dry MSW to produce electric energy is the cheapest way of generating electricity solving also an environmental and health problem So, the solution to produce renewable electric energy from waste combine 2 huge issues in one sustainable way out.
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