 So this is about energy grid scale energy In our power grids we use conventional power plants provide power and to stabilize the grids So it's in the next ten years. We're gonna shut down most of these cold fire and plants nuclear plants nuclear in Germany So seeing this with renewables is that they do not stabilize the grid The wind only is there when it is there not when you need energy same as the Sun and solar So renewables destabilize power grids So today we have three different measures the conventional plans to keep the grid stable We have demand side management and we have batteries So this demand side management the potential is pretty limited and batteries are really expensive So we came up with a new technology Which is based on the oldest energy storage principle mankind knows the Potter wheel Storing energy in a rotating body using the movement of the body to keep the energy If you want to load to charge it you accelerate it if you want to use the energy you decelerate it So this is how our Potter wheel of the 21st century looks like it's a so-called flywheel and in this containment There's a rotor made out of carbon fiber Levitated and magnetic bearings running in a high vacuum atmosphere to reduce friction and oil losses to make it as Efficient as possible So how does the competition with the battery look like while we're less expensive? We are sustainable and we have an unlimited cycle life Otherwise then the battery in your mobile phone. You can charge our system millions of times Our market is global. We start with interconnected grids from Germany and Europe Going to the US in 2020 and Asia Oceana around 2023 We think that there's a market for 40,000 flywheels globally each one worth that nice Tesla car over there So a business model We have partners which manufactures the components we need for the flywheels based on our specification We assemble the flywheels Put our software on and bring them to our customers Our team with 12 people now for founders and experienced advisory board with all the knowledge We don't have since your startup To prove that it works we've currently built a big grid scale pilot with the total power of one megawatt in England and Ireland and This is how we develop Next year end of next year will have our first paying customer bring it to serious production of the system Reach break even in 2021 and then scale up globally So if you're interested in energy in science rocket science without rockets In business to business in global markets and a proven and great working team talk to me And thank you. Thank you, Hendrik and time to move to questions So can you just tell me a bit more about where you place yourself in the network and who the customers are? Yeah, so our traditional customers would be utilities Not so traditional customers would be everybody who's running assets in the grid power generation assets and Customers we expect to see next year or in the years after Our company is focusing on energy storage installations. We see that in Ireland We already got questions from Ireland about very big installation there which offer the investment into the storage technology as a financial product to life insurance companies So we got pretty bright pretty wide bandwidth of customers There's a screaming demand for what you offer. I'm sorry. There's this. There's a huge demand for what you're offering I mean, it's a big problem. It's a holy grail. What what is this cost for someone to to buy and? Is anyone else doing something like this? Well, there's other companies doing like that There's companies in the U.S. There's companies in Germany What we offer is a different technology or when you really dive into the system, it's differently We can manufacture our systems at lower costs and our systems are modular So we can put together the system on the demands of fitting the demands of the customer Like making it really fits the application reducing his costs in investment as well as running costs. How much? how much so Currently we built a container with one megawatt of power for flywheels in it. It'll be 800,000 euro So if you become wildly successful Who's gonna suffer Who suffers most if you take the big chunk of the market I call fired power plants But they're shutting down anyway, aren't they? According to your hypothesis, so it's not what so did this is a new field So let's turn it around nobody suffers, but we can keep the lights on Someone's going to lose money when you make money most likely No, we replace easy conventional power plants and These people lose money and we provide the technologies that we can turn them really off And and given that there are other players out there doing similar stuff like this to what extent where are you in the patining process and How do you think about that? Yeah, so we got a couple of patents. We have a patent strategy Going forward for the next three years with about four patents each year and special aspects But most of the knowledge is in the system itself We're not gonna patent this because if we patented everybody else will know how we did it So now you can rip the system apart. You won't see what's the real IP in it How much money are you raising? So currently we raised two million and how are you raising now? Yeah, you're raising two million Yeah, and if you explored kind of grants and other financing options to help me up to now about 1 million euro in grants went into our company So we really took up speed and now we need more money to keep the speed and even get faster I wasn't sure if you said it's customized or you're just gonna have one kind of unit that everyone kind of customized Yeah, doesn't that hurt the economics? Not really so this is a modular system a platform So when we customize the system we use like 95% of common parts and the rest is adapted but also based on a on a Yeah platform thing like Lego putting things together And thank you, Hendrik we have to move on that was adaptive balancing