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BlackLight Power, Inc. has built an extensive patent portfolio worldwide arising from the BlackLight Process including its electrical and thermal power sources, a new class of chemistry based on hydrinos, new chemical processes, new light sources, and new laser media. To accelerate commercialization, BlackLight is pursuing a broad, inclusive licensing approach to commercial development across all affected industries. The largest market opportunity is the revenue from power production where BlackLight Power can assist in the design, construction and operation of power generation facilities that take full advantage of its patented technology. BlackLight is focused on the pursuit of the commercialization of the BlackLight Process while generating valuable new intellectual property. This entails scale-up engineering and development of the electrochemical CIHT technology as well as the optimization of the solid fuel and regeneration chemistries for continuous thermal operation with development of two thermal-Rankine power plant designs. BlackLight believes its CIHT cell and thermal power producing fuel and regeneration chemistries can be developed into commercial power applications and intends to pursue their utilization in power production of all useful scales and applications. This will be done in parallel through a combination of internal engineering and development, contract development, external consultants and outsourcing, and licensed companies and joint ventures. The CIHT Hydrogen Fuel CellCIHT direct electric is ideal for powering smaller scale systems. BlackLight Power is focused on advancing CIHT technology to produce power to ultimately sell directly to consumers under power purchase agreements. The business plan is akin to that of solar leasing, but the costs are potentially vastly cheaper, with the system untethered from the sun or the grid. Nor, is the system dependent on wind, other external variable power sources, fuels or the associated fuels infrastructure. This clean sustainable technology, independent of existing conventional infrastructure has a direct path to market. Rapid dissemination at nominal historic cost is expected by deploying many autonomous distributed units that circumvent the economy-of-scale constraints for thermal to electric conversion and the electrical grid. It is expected that CIHT will competitively, economically, logistically, and environmentally displace essentially all power sources of all sizes: thermal, electrical, automotive, marine, rail, aviation, and aerospace. For example, the direct application of the BlackLight Process to motive power has the potential of unsurpassed capability in terms of range, capital cost, power, logistics, and pollution abatement to zero, including zero carbon dioxide emission. Moreover, power systems become uniquely interchangeable (e.g. a motive cell may also be used for stationary power). In stationary CIHT power applications, the Company plans to license original equipment manufacturers (OEMs) to fabricate CIHT units to exclusively sell to the Company, license service companies to install and service the units, pursue financing with the units and cash flow as collateral, and lease units to power customers under power purchase agreements. In motive power markets, the Company plans to pursue licensing, strategic partnerships, and leasing. Thermal Power SystemsBlackLight’s business model for thermal power using solid fuels is focused on licensing power producers to utilize the BlackLight Process as a fuel/heat source replacement. The Company intends to license the BlackLight Process and its related energy technology to power producers and power users globally in all fields of power production and utilization in exchange for royalty fees and milestone payments. BlackLight is non-exclusively licensing its process to make power for a fixed royalty payment per kilowatt-hour of thermal or electric (e.g. $x per thermal kilowatt hour or $y per BTU). BlackLight anticipates licensees contracting for retrofit of existing plants and for turnkey plants to be built by engineering, procurement and construction (EPC) firms and OEMs. To date, the Company has licensed the rights to produce approximately 8,250 MW of new electrical power to seven companies, including five electrical utilities and two independent power producers. Collectively, these utility companies own, purchase, or manage electric power production of approximately 7,600 MW and service nearly one million customers. The avoided fuel costs from these agreements could be in excess of $2 billion per year. Due to the independence from fuels infrastructure and the absence of any pollution whatsoever, new power-generation business opportunities of distributed generation may exist even at thermal power scales that are achievable in the near term using modification of readily available commercial equipment. The currently executed thermal system licensing agreements are expected to create a market into which EPC firms that design and construct power plants as well as OEMs may sell power equipment. The Company plans to license the EPC firms and OEMs on a sales-royalty basis, wherein they are restricted to only offer BlackLight-related goods and services to BlackLight Process licensees. BlackLight anticipates power producers contracting for turnkey plants or having the option of purchasing, plant design, procurement, construction, operations, and maintenance services and equipment provided by the EPC firms and OEMs with BlackLight receiving a steady revenue stream from power generation as well as royalty revenue on related plant procurement. BlackLight intends to remain the owner of the key power and related technologies, and to maintain its strategic position by intellectual property (IP) grant backs, continued direct R&D, contracted development with EPC firms and OEMs, and by potential acquisitions and licensing. In related hydrino-based chemical and laser applications, BlackLight is negotiating restricted licenses on a royalty basis and also plans to pursue joint ventures. |
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