Passive Fluid Amplification

There have been numerous attempts to passively amplify the velocities of wind/water to gain exponential increases in power output.  For a variety of reasons, these earlier attempts demonstrated that power production could be enhanced, but those initial designs did not meet performance expectations.  V3 has overcome these challenges and unlocked the benefits of amplified wind and water velocities. 

Three Foundational Concepts

Wind Power Equation.  The amount of electrical energy you get out of most any type of wind turbine is, in part, a cubic function of the velocity of the wind.  (This is where the “V3” in V3 Technologies comes from.)  This means that if you can double the ambient speed of the wind, the same turbine will produce 8X more power. 

Bernoulli Effect.  Basic principle from physics.  One manifestation of the principle essentially states that when a fluid moves through a constricted space, pressures are created that automatically and passively increase the velocity of the fluid

The Shape of the Wind/Water.  The toroidal shape of the module used by V3 forces the fluid to change its shape as it moves around the cylindrical concavity.  This shape, known as a horizonal wind shear, requires the use of a different type of turbine to more fully capture the power potential of the moving fluid.  (The type of turbine you use matters)

V3’s recent CFD studies for Shell proved that the updated design passively amplifies ambient wind/water by over 2X, and the unique turbines being deployed by V3 substantially increase the amount of power generated from a given turbine in the amplified wind stream

Basic Design

Note:  The following description and images are illustrative and purposefully hide or obscure trade secrets of the technology.  Detailed design information is available following appropriate non-disclosure agreements.

Toroidal Modules

A toroid resembles an hourglass shape, and it forces wind/water to be squeezed as it moves around the module.  This leads to over a 2X passive amplification of the wind/water as well as a physical infrastructure on which to secure multiple turbines and vanes.

Vertically Stacked Toroidal Modules

The base case wind version is about the same height as a traditional 2 megawatt wind turbine, but because of the modularity the V3 tower can easily be built with fewer modules and be shorter if necessary.

 

Competitive Advantages – Essentially impossible for traditional turbines to copy

Highest Renewable Energy Density:  14x-25x more power per wind farm than traditional farm using 2MW 90-meter turbines

Lowest Cost Renewable:  Lowest cost per MWh of any known renewable energy technology

Lower Intermittency Impact on the Grid:  >50% reduction in intermittency

Easiest Delivery/Construction in Remote Locations:  All parts fit into standard shipping containers

Profound Environmental Impact Improvements:  Low noise, no infrasonic pulsing, virtually eliminates bird kill

Safest Work Environment:  Ability to retract components into safety of the tower

Greatest Flexibility of Appearance:  Can be built to various heights and use a variety of skin colors / designs

 

Economics

Detailed financial models and the underlying assumptions are available for analysis, but when comparing a 1,000 acre wind farm location between a base case V3 farm and a farm using traditional 90-meter 2MW turbines, V3 provides a transformational improvement in both returns and cash flows.  This is primarily due to producing between 14x-25x more power per wind farm at a lower cost per kW of capacity (lower capital costs per kilowatt) and a lower cost per MWh produced (lower O&M costs per megawatt hour of production).  The numbers below do not include any subsidies, carbon credits, or any other non-market benefits.

20-year V3 Levered IRR = >28%

20-year Traditional IRR = 13%

20-year cumulative after tax cash flows for V3 = $1.66 billion

20-year cumulative after tax cash flow for traditional = $55.5 million

V3: 118% increase in IRR and 2890% increase in cumulative after tax cash flows 

Management and Advisory Board:

The world class V3 Technologies team consists of six talented executives who each bring a unique and vital skillset both to the initial demonstration projects and to the buildout of the larger licensing and power company businesses.  The company is led by its founder, Dr. Kenneth Cory who has over 25 years of senior executive and Wall Street private equity experience in the power and infrastructure sector.  In total, the V3 team has many decades of combined experience in power engineering, business strategy, finance, and related businesses at the highest levels across multiple countries and jurisdictions.  We know the power industry very well, and we know how to finance and grow energy companies.

Dr. Kenneth Cory, Chairman & CEO –
Founder of V3 Technologies

With over 25 years of C-suite executive, Wall Street, engineering, consulting, and Board of Director experience, Dr. Cory is a recognized leader and innovator in the power, energy, and infrastructure sectors of North America. Subsequent to tenures as a professor (Ph.D. in Business Strategy, spec. Finance) and as a strategy consultant with Deloitte in the North American Energy Group, Dr. Cory served as the head of global strategy (incl. strategy, financial planning, corporate development, restructuring, risk) for two Fortune 300 companies (TXU and Calpine) before serving as Executive Vice President for EPCOR Utilities, a $7 billion power and water utility in Edmonton, Canada, where his direct reports included the CFO, SVP Strategy, CIO, VP Supply Chain, VP Risk / Internal Audit, and the VP Environment, Health, & Safety. While at EPCOR, Dr. Cory crafted and led the execution of a restructuring plan that included the IPO spin-off of a $4 billion power company – the first major North American IPO following the financial market crisis of 2008-2009. Dr. Cory then spent over five years as a Wall Street executive working for Apollo Global Management and then as an independent adviser / principal for large-scale power and utility transactions.

Currently, Dr. Cory is a professor of business strategy and management consulting at the University of North Texas as well as the chief strategy and financial advisor to Shell’s Marine Renewable Energy Group. Dr. Cory has published multiple peer-reviewed articles on business strategy, deglobalization, and economics, and he is also the sole inventor behind two U.S. and two UK utility patents regarding a new renewable wind and marine power technology with other international patents pending.

Dr. Cory has taught university-level strategy and finance as well as consulted to, managed, led, financed, and governed both multi-billion dollar and entrepreneurial power, water, and infrastructure companies at the highest levels across a diverse set of geographies and regulatory environments.

Home town:   Tampa, Florida, USA

Undergraduate:    Vanderbilt University and University of South Florida

Graduate:   University of South Florida

Doctorate:      Ph.D. in Business Strategy & Finance, Texas A&M University

Mr. Troy Laursen, CPA –
Capital Intensive Finance, Supply Chain, Project Mgt.

Mr. Laursen is one of the leading experts in supply chain, contract management, and finance for capital intensive industries in North America.  Starting in the large equipment sector at Phoenix/John Deere, Spar Aerospace, and Finning/Caterpillar, Troy gained a detailed understanding of the economics that drove large scale infrastructure projects.  In 2006, Troy was recruited by EPCOR Utilities to become Manager of Purchasing but was quickly promoted to Director then head of the entire supply chain department for the $7 billion power, water, and wires utility.  During his tenure, he transformed the procurement and payment processes for an organization that spanned three provinces and eight U.S. states, including for the construction of billion-dollar power plants.

When EPCOR split its power operations from the water and wires business in 2009, Troy was again asked to lead the creation of a new supply chain and contract management organization for the now publicly traded Capital Power company.  In this role, Troy took the lead in developing and implementing the strategies and policies for a new strategic sourcing process as well as a vendor optimization initiative across the corporation.

Following his time in utilities, Mr. Laursen moved to the construction industry at the Graham Group then to the oil and gas industry with Centrica Energy Canada.  As Vice President, Supply Chain and Procurement for Centrica, Troy again led the development of new processes and policies across the entire organization.  Troy is currently in a leadership role in supply chain management at Enmax Utilities in Calgary, Alberta.

For over 20 years, Mr. Laursen has served in a leadership role as a supply chain, contract management, project management, and finance expert across nearly every facet of the infrastructure and construction sector.

Home town:    Lloydminster, Saskatchewan, Canada

Undergraduate:    Bachelor of Commerce, Univ. of Alberta

Advisors / Board:  Some of whom will move to positions at V3 once commercially viable.

Dr. David Flint –
Strategy Professor, Author, and Serial Entrepreneur

Dr. Flint has more than thirty years of experience in the business strategy and entrepreneurship space where he remains an active investor, managing LLC member, and board member as well as being both a faculty member and published author of business strategy.  Starting in 1983, David has invested in and helped launch numerous businesses across multiple industries.  He was involved in management of a software development company from 1987 until 2014. Additional examples of entrepreneurial ventures include being a commercial real estate investor since 1996, a board member of an independent insurance representation company since 1999, and part of the management team of a delivery transportation logistics company in 2006-2007.  David has numerous smaller positions as an active angel investor across multiple industries, and he is a board member for multiple not-for-profit organizations.

Academically, Dr. Flint has taught business strategy, the legal environment of business & ethics, entrepreneurship, and international management to over 3,000 undergraduate and graduate level business students.  He has served as a full-time faculty member at Arizona State University West (1998-2003), Utah Valley University (2003-2008), and is currently at the Mays Business School, Texas A&M University.  In March 2018, Dr. Flint officially launched his new mass market book on strategy entitled, Think Beyond Value: Building Strategy to Win. Website drdavidflint.com

Home town:    Glendale, Arizona, USA

Undergraduate:    Grand Canyon University

Graduate:   Masters, International Management – Thunderbird School of Global Management

Doctorate:     Ph.D. in Management – Texas A&M University

Ms. Ann Banks, CPA –
Energy M&A, Development, and New Technologies

Ms. Banks has spent over 30 years building a broad set of executive experiences across the Oil & Gas, Electricity / Power Generation, Carbon Management, and Carbon Sequestration for Enhanced Oil Recovery (EOR) industries, including both multibillion dollar as well as startup organizations.  Ann’s career eventually led to a specialization in emerging energy technologies including clean carbon, carbon capture, and now renewable systems.

Ann has also developed a reputation in the power industry as one of the leading experts in complex commercial transactions.  For example, as Chief Commercial Officer of privately held Summit Power Group, Ann steered the deal team and led all deal structuring and commercial negotiations relating to the $3 B Texas Clean Energy Project, a coal gasification project with greater than 90% carbon capture and sequestration in EOR operations in the Permian Basin.  Ms. Banks was Senior VP Business Development & Finance at Sindicatum Carbon Capital, a private equity start-up pursuing greenhouse gas reduction and renewable energy projects. In addition, during her nine years with Calpine Ms. Banks served in many roles with her greatest success being the simultaneous development of two gas fired combines cycle power plants. Finally, while at Koch Industries, Ms. Banks led an asset acquisition team as the US power market entered deregulation. Ms. Banks began her career at BP/Amoco where she first transitioned from the oil & gas industry to power generation. She holds an MBA from Kellogg Graduate School of Management and is a Certified Public Accountant.

 Home town:    Dubuque, Iowa

Undergraduate:    Accounting – Loras College

Graduate:     MBA – Kellogg Graduate School of Management

Mr. Jared Walker – Information Technology
CIO, Smart Tower Design and Automation

With over 20 years of experience in cross-platform IT operations, implementation, and innovation, Jared is a recognized global leader in employing technology to enable business outcomes.  Jared has served as Chief Technologist at Hewlett-Packard, Director of Industry Solutions at Oracle Consulting, and most recently as VP Solutions for Oneview Healthcare.  In these roles he combined an expansive IT consulting and transformation background with hands-on IT management and organizational leadership experience.  Possessing wide-ranging industry experience including energy, education, healthcare, government, financial services, and manufacturing, Jared’s diverse and extensive knowledge of technologies enables him to draw on a wealth of technological expertise, organizational and operational models, and the lessons taught through delivery of extensive change leadership.  Jared is a published technical author, has served internationally on various business advisory boards, and has been a featured speaker at several industry events around the world.

Home town:   El Paso, Texas

Undergraduate:   BBA, Management Information Systems, University of Houston

For inquiries about V³ Technologies, LLC. please email inquiries@v3wind.com

For investor relations, please email investor-relations@v3wind.com