Project Details:
1. This sounds like a workable project based on the following premise:
- That it is simple, of low cost ( approximately USD20,000.00. Ex-factory Malaysia) and taking up small footprint (5m x 5m)
- That the targeted and potential market sector is clear and huge (remote farms worldwide)
- That competition is kept at bay due to its localized, decentralized nature (as opposed to Hydro and Wind)
- Maintenance costs of the set up is minimal (materials wear and tear; e.g. piping, sensors, wiring cables etc.)
- Case in point, in Malaysia cost of using generator set (a norm in remote villages) is about 1.5x that of purchasing electricity from TNB, the National Power Grid.
- That the comparative ROI for the various setups are as follows:
i. Solar 6 years
ii. Wind 10 years
iii. Hydro 15 years
iv. Gravity 1- 3 years
2. A survey of regional tariff cost are as follows:
i. Philippines USD0.18/kWh
ii. Singapore SGD0.13/kWh (USD0.095/kWh)
iii. Malaysia USD0.08/kWh
iv. Australia USD0.23 to 0.33/kWh
v. China USD0.08 to 0.091/kWh
vi. Europe USD0.22 to 0.34/kWh
vii. Denmark USD0.54/kWh
viii. Hawaii USD0.40/kWh
ix. California USD0.30/kWh
3. Provided the patent is successful, end game is to package the patent together with a viable business plan and solicit a conglomerate for further scaling.
4. Timeline of the project:
R&D and fine-tuning
2019 - 2022
Filed patent
Mar 2023
Seek Series A funding
Jun – Dec 2023
Launch pilot project
August - Dec 2023
Solicit bidders
July – Sep 2023
Identify successful bidder
Oct 2023