FOR is actively searching for investors in this project. Projects on such a scale
cannot be developed by small companies.
In the short term we are looking for investors that can help us put together the
¼ scale device. Its capital cost is approximately 400k.
We need 150,000£ finance right now and would be willing to sell 15% equity. This
value of the equity is based on 134k£ cash spent, labour to date, value of invention
and 250K ready to be spent.
Alternatively, if the amount is available as loan equity we would be willing to pay
a return similar to banks rates that are available on personal loads.
Once the ¼ scale platform is built, if it works, then there is an option to continue
to invest or sell to another larger investor. That would be 2 years from now. So
the earliest exit time would be at this point.
If the platform survives the first storm and it was looking really stable then work
could begin immediately on the full scale design and its associated environmental
statement. The later could be submitted ASAP since it took 2 years to get the previous
In the long term, which is very much dependant on whether we can conclude that we
have successful ¼ scale platform, large corporate investors will be needed.
A full scale design is needed to provide an accurate cost estimate of the platform
and then a more detailed cost analysis of the generator, electrolyser and delivery
system must be completed. With the costs a financial model can be built to give
a payback period, noting that Economies of Scale cannot be found just building one
offs. Our current financial model, perhaps with 50% EU grant funding, there is an
overall 10 year payback period. This might, for an initial setup, look attractive,
noting this does not include ROCs.
Our estimate of a full scale 2MW wind turbine is 10m£. This platform would generate
Hydrogen for sale. We estimate that it can fuelapproximately 300 cars for 20 years
We hope you are interested in making an investment.