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The Business of Fuel Cells
for Automotive Applications

The Marriot Dearborn Inn Hotel, Michigan
3-4 June 2002

Conference Agenda

Day One - Monday June 3
 

Chairman's Introduction

Bob Pethick, Director
PRTM

 

Opening Address

Jeff Mason, Senior VP Public Affairs,
Michigan Economic Development Corporation

Session One: Market Characteristics and Winning Business Strategies for the Automotive Fuel Cell Market
 

Beyond the Hype - Fuel Cells, Automotive OEMs and the market for alternative vehicles - what are the opportunities and how to ensure you take full advantage of them

  • What is the rationale behind Ford's fuel cell vehicle strategy?
  • How does Ford intend to build and make markets for alternative vehicles?
  • What will be the ramifications for the automotive industry's supply chain when a mass market for fuel cell vehicles emerges?
  • With a range of fuel cell technology available, why has Ford chosen PEM above all other stack types?

Keith Oglesby, Project Manager, Fuel Cell Systems
Ford Motor Company
Click here to download presentation

 

The powertrain of the future

  • Why is the world's largest auto parts supplier pursuing such an aggressive fuel cell strategy?
  • Applied technology - realistic applications for PEM and SOFC in the automotive industry
  • Niche opportunities - why fuel cells in an APU (Auxiliary Power Unit) role are set to pave the way for the powertrain revolution
  • Best practice in auto fuel cell development - what can you learn from Delphi's fuel cell program?

Jean Botti, Chief Technologist
Delphi Automotive Systems' Innovation Center
Click here to download presentation

 

Reducing risk - why staggered penetration of fuel cell markets is vital

  • How Hydrogenics have developed a business model that can be scalable, adaptable and can be applied to more than one market
  • How to identify early niche market opportunities, whilst positioning yourself for long-term mass market opportunities
  • How the theory works in practice... how fuel cell companies are executing business plans in the automotive industry today

Pierre Rivard, CEO
Hydrogenics Corp

 

Falling production costs for fuel cell power plants - when and how will this affect your bottom line?

The cost of fuel cell power plants is currently in excess of $10,000 /kW, but set to fall to under $1,000 / kW before the end of the decade and potentially under $100 / kW in full scale mass production for automotive applications.

  • What are the budgetary implications throughout the supply chain of these figures
  • What targets must manufacturers of stacks, fuel systems, stack components and power electronics achieve to be profitable within these parameters?
  • How can auto OEMs and manufacturers work together to ensure a final product that will be cost-effective in present and future auto markets?

Ski Milburn, CEO
Vairex Corporation
Click here to download presentation

 

An independent assessment of partnerships and strategic alliances in the automotive fuel cell industry

  • How fuel cell manufacturers and auto OEMs are building highly effective partnerships to add value and enhance their profit potential
  • Ménage à trois - Atul Deshmane was Ford's man at Ballard - get the insider's perspective on the relationship between Ford, DaimlerChrysler and Ballard Power Systems
  • Intellectual property - who owns it? To what extent is the fuel cell industry knowledge-based?

Atul Deshmane, President
Etransit Engineering
Click here to download presentation

Session Two: Finance and Legal requirements - fuel cell equity markets, venture capital and the regulatory environment
 

What's hot and what's not - the turbulent world of fuel cell stock explained for you

On February 21, 2002 four different analysts came in with ratings for Ballard stock ranging from "accumulate" to "underperform" and with 12-month price targets from C$51.00 to C$30.00. If you're a quoted manufacturer just contemplating an IPO, considering investing in fuel cells or an automotive supplier, wondering how serious this industry really is, then you'll want to hear what the industry's most respected analyst has to say. This presentation will include:

  • The myth and the reality of fuel cell investing from the investor's point of view
  • What does the financial world need to hear from fuel cell manufacturers in order to produce realistic and accurate forecasts
  • To what extent will Wall Street influence the future of the automotive fuel cell industry?

Christine Farkas, Director, Fundamental Equity Research
Merrill Lynch
Click here to download presentation

 

The Financier's perspective - what venture capitalists look for at post-seed and pre-IPO funding stages

Combining industry expertise, blue chip financial clout and market savvy, Conduit Ventures have in the region of $100 million to invest in the fuel cell industry. Their opinion matters.

  • How do you present your company as the ideal investment opportunity for VCs
  • How do you protect your intellectual property?
  • What sized equity stake do VCs expect today, and what type of exit strategies will they employ?
  • Case Study: How does Conduit work with both investors and investee companies to ensure the successful development of commercial products?

John Butt, CEO
Conduit Ventures Ltd.
Click here to download presentation

 

Setting the standard - expert guidance for the ever-widening regulatory process

The Fuel Cell practice group is the world's only legal practice dedicated to servicing the legal needs of fuel cell and associated companies. Their scope includes technology procurement... licensing... permits... maintenance... service... warranty obligations... engineering and project financing. This presentation will advise you on:

  • How to address outstanding legal and regulatory issues prior to supplying commercial products
  • What is required in negotiating complex technology agreements in the sophisticated and sometimes uncharted territory of fuel cell technology
  • Getting the best deal from regulatory agencies and corporate financiers

Brad Mondschein, Attorney at Law, Chairman Fuel Cell practice group,
Updike, Kelly & Spellacy, p.c.

Click here to download presentation

  Close of Day One

Prior to the main sessions on Day Two:

Breakfast Strategy Workshop

Planning and Developing Winning Fuel Cell Products for Future Markets
presented by Pittglio Rabin Todd & Mcgrath (PRTM)

This workshop will help executives in the emerging fuel cell sector take steps to prepare their companies to develop winning fuel cell products for future markets, by understanding how to:

  • Assess customer needs for markets not currently served
  • Design products for markets that may not evolve for many years
  • Develop a platform strategy that maximizes market coverage and minimizes products variants
  • Define vectors of differentiation for products that will ensure success in the marketplace
  • Optimize requirements from customers and partners to translate them into products

The workshop will be presented by Pittglio Rabin Todd & McGrath. It will take place prior to the main sessions on Day Two of the conferences, and run for one and a half hours.

For more workshop details, click here

 

Day Two - Tuesday June 4
Session Three: Niche Applications and Case Studies
 

Case Study: The Chrysler Town and Country Natrium Vehicle

DaimlerChrysler is investing more than $1.4 billion in fuel cell research over the next three years, and the Town and Country Natrium vehicle is just one of their options. This case study will lead you through work-in-progress, to ensure that you:

  • Benefit from lessons learned from DaimlerChrysler's latest Ballard-powered vehicle
  • Get the end user's perspective on Sodium Boro-hydride as a fuelling option
  • Evaluate the possibilities for a fuel cell powertrain in a current production vehicle

Doanh Tran, Project Manager
DaimlerChrysler Corporation

 

Case Study: Georgetown University's Fuel Cell bus program

GU has developed, operated and tested the world's only liquid-fuelled, Fuel Cell powered transit buses. Five buses have been developed to date, operating on methanol fuel. Both PEM and PAFC (Phosphoric Acid Fuel Cell) fuel cells have been used for the powertrain.
This presentation will analyze.

  • The business case for fuel cell powertrains in mass transit vehicles
  • What is the Fuel Cell technology of choice? - Ballard's PEM stack or UTC's PAFC unit
  • A comparison in efficiency - can fuel cells beat the internal combustion engine in more than just emissions?

Robert Wimmer
Georgetown University Advanced Vehicle Development
Click here to download presentation

 

Case Study: A new breed of vehicle - is a fundamental change required in the way we design our vehicles?

  • How Hypercar are using the same design methods that produced the F-117 Stealth Fighter to create the car of the future
  • How dramatically reducing the amount of electrical components maximizes the results from an electric powertrain; how it's done and what are the figures
  • Drive-by-wire, reduced weight, low drag, regenerative braking - the advantages of building a car around a fuel cell are clear, so how do you do it?

David Dwight, Director of Business Development
Hypercar Inc.
Click here to download presentation

Session Four: Fuelling the Future - the Hydrogen Economy?
 

The business case for methanol fuel cell vehicles

The Methanol Fuel Cell alliance is comprised of DaimlerChrysler, BP, Ballard, Statoil, BASF and Methanex. On publication of this program, all six companies were soon to release a joint position report on the commercialization of methanol fuel cell vehicles. This will be one of the first opportunities to hear their findings and more importantly question them.

  • How advanced is the existing methanol infrastructure, and what is needed to make it an attractive alternative to gasoline?
  • What are the economics of methanol in FCVs in comparison to other potential fuelling solutions?
  • Is methanol just a step on the way to the hydrogen economy, or a genuine long-term solution?

Blair Heffelfinger, Manager of Fuel Cells
Methanex Corporation

 

Solid hydrogen systems for onboard and infrastructure applications

Hydrogen supply is a tough challenge, and tougher still is storage - hydrogen has the smallest atomic structure of all elements. Working with ChevronTexaco, ECD, the pioneers of the rechargeable nickel-metal hydride battery, have applied this technology to hydrogen storage.

  • It's an unconventional technique - so what are the safety implications?
  • How does metal hydride storage compare in cost of traditional compressed storage methods?
  • What benefits does working with one of the world's largest integrated Oil and Gas companies bring?

Dr. Rosa Young, VP Hydrogen Storage
Energy Conversion Devices

Click here to download presentation

 

Hydrogen on Demand (tm) - Millennium Cell's onboard solution

For years, scientists have known that boron hydrides store more energy than similar hydrocarbons, but combustion of boron hydrides presented a difficult engineering problem. Millennium Cell has overcome this problem through hydrolysis.

  • Storing hydrogen gas in sodium borohydride is superior on a volume and weight basis compared to compression, metal hydride and hydrocarbon reforming. But more crucially, how does it compare on cost?
  • How far can a current production vehicle run on this solution? Will it be necessary to develop a sodium borohydride infrastructure for this technology to be effective?
  • How are Millennium Cell developing partners and alliances in the automotive industry to further develop this solution?

Jim Saber, Account Manager
Millennium Cell
Click here to download presentation

 

Retail supply of hydrogen sourced from natural gas

The Gas Technology Institute (GTI) is the US's premier industry-led natural gas research and development organization. The GTI has just received substantial funding from the DOE to develop a natural gas-to-hydrogen fuelling station.

  • Does GTI's track record in forming successful relationships with key suppliers and stakeholders give natural gas a head start?
  • How to leverage previous work on gas reforming, gas processing and high pressure fuelling technology to your advantage
  • New revenue streams - building complementary business for NGV (Natural Gas Vehicle) suppliers

Mark Richards, Project Manager
The Gas Technology Institute
Click here to download presentation

 

The value proposition of regenerative fuel cells for hydrogen refuelling

In 1985, Dr. Hugo Vandenborre revolutionized the world of electrolysis by pioneering a new alkaline membrane that separates formed hydrogen from oxygen, dubbed Inorganic Membrane Electrolysis Technology or IMET®. This presentation will examine the business case for regenerative fuel cells as fuelling stations for hydrogen vehicles.

  • Major benefit - IMET® fuelling stations are in use throughout the world now. How many are there? Where are they? And what are they being used for?
  • Electrolysis is notoriously expensive - so what about the cost? Is this only a viable solution as a "bridge" to the hydrogen economy?

Rene Mandeville, Senior Vice President
Vandenborre Technologies N.V.

Click here to download presentation

 

Making energy work harder - Proton Energy's hydrogen experience

  • Get a niche - how Proton Energy are initially targeting centrally fuelled vehicle markets to ensure initial market penetration
  • Does electrolysis really have the potential to turn low cost and off-peak electricity into zero-emission hydrogen motor fuel?
  • How has Proton Energy overcome the problem of producing hydrogen at a high enough pressure for vehicle applications?

William Smith, Founder and VP Programs and New Business
Proton Energy Systems
Click here to download presentation

 

Hydrogen reformers - distributed solutions to the hydrogen infrastructure

  • What are the economic advantages of distributed hydrogen generation over bulk delivery of hydrogen for retail sales?
  • Carbon sequestration - the Ztek reformer has this capability. Could this be an alternative revenue stream for localized hydrogen producers?
  • How does Ztek's reformer compare on efficiency with other hydrogen reformers? How does the efficiency vary depending on the initial hydrocarbon?
  • What is the market potential for this type of unit? What relationships and partnerships are required to both market and distribute this product?

Michael Hsu, President and CEO
Ztek Corporation

  Close of main conference

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