Gigajoule

Floating Solutions

WHAT IS GIGAJOULE?

Gigajoule is a project that applies state of the art technology in the form of floating power electricity plants. Each floating power plant is mounted on a barge, and it is composed of two SGT-A65 aeroderivative gas powered turbines. The floating power plant has an electricity generation capacity of 132 MW. The technology behind Gigajoule floating power plants is provided by Siemens, and each project is made up of 4 barges with a total output of 528 MW.

ELECTRICITY IS A CORNERSTONE TO ANY COUNTRY’S

GROWTH AND POTENTIAL

An estimated 2 billion people worldwide do not have access to electrical power, and this figure is increasing. In countries like Nigeria, despite the abundance of natural gas as feedstock, less than half of the population has access to stable electricity supply.
Even where electrical transmission systems do exist, many developing countries rely on costly and inefficient substitute power generation systems. These have negative impact both on the environment and on sovereign finances and budgets as governments often need to apply subsidies to make them affordable.

THE GIGAJOULE SOLUTION

Floating Power Plants (FPPs)
  1. Natural gas-based power generation
  2. Gas turbines mounted on barges
  3. Can be deployed wherever there is access to the sea
  4. Positioned in lagoons, rivers or harbours
  5. Coupled to natural gas supply and the national transmission system
Natural Gas as Feedstock
  1. Cleanest of all carbon-based energy sources
  2. Gas associated with oil production (as in Nigeria) or LNG (Liquid Natural Gas)
Siemens SGT-A65 Gas Turbines
  1. State-of-the-art turbine technology
  2. Aeroderivative engines
  3. Modularized with generators and mounted in pairs on barges

AIRCRAFT-ENGINE POWER GENERATION

Gigajoule uses the Siemens Trent turbine as its primary power unit. At its core is the same Rolls-Royce engine that is found on the Boeing 777 and Airbus A380 aircraft, providing enhanced reliability for long-range flights and maximum passenger capacity. The Siemens Trent gas turbine is assembled in a modularised package with a Brush generator, to form the SGT-A65 generator set.
The use of Rolls-Royce engines for electrical power plants represents successful technology transfer and benefits from more than 30 years of development and billions of dollars of research.
The SGT-A65 also benefits from a long operating life of 50,000 hours (approx. 6 years). Turbines can then be switched out for a replacement in under 72 hours. The cost of this “as new” recurring operational capacity is incorporated in O&M costs.
The Siemens technology package includes comprehensive O&M and performance guarantees, resulting in maximum reliability and efficiency.

FLOATING POWER PLANT

An FPP has unique economic, social and environmental features that make it an optimal source of electric energy.
Floating power plants that use SGT-A65 engines have several important advantages:
  1. Location flexibilityTwo SGT-A65s are mounted on a floating barge, thus creating a complete movable power plant
  2. Significantly less footprint is required than for land-based power plants. This provides many options of where to site the FPP units, as close as possible to gas supply and the local electrical evacuation infrastructure.
  3. Ownership of the FPP units is always retained. These assets can therefore be deployed to other sites if necessary
  4. Speed of manufacture, installation and commissioningQuicker and easier than land-based counterparts
  5. Gigajoule’s floating power plants will be assembled in the Appledore Shipyard UK with its covered dry dock allowing for manufacture throughout the year
  6. Once the floating power plant arrives at the place of deployment by heavy lift vessel, connection to gas supply and the electrical grid is done in a relatively short time
  7. Simultaneous establishment of the land-based infrastructure for the FPP unitsDry dock, gas pipelines, substations and transmission lines
  8. Economies of scaleFPP units are deployed in groups of four per site though this can be increased or decreased as requirements dictate
  9. In a typical deployment configuration, eight modularised SGT-A65 generator sets in operation means that maximum operating availability can be maintained at all times for the typical twenty-year operational term.

SIEMENS SGT-A65 SYSTEM

The Siemens Trent gas turbine is assembled in a modularised package with a Brush generator, to form the SGT-A65 generator set, complete with intake duct and exhaust stack. The system is fully automated. Each SGT-A65 has a generating capacity of 66 MW.
Siemens Operating, Maintenance and Performance warranties ensure a twenty-year average of operational ability of not less than 95%.
The SGT-A65 is an aeroderivative gas-powered turbine. Its start-up time is very fast, at less than 10 minutes, and it can tolerate frequent stops and starts. This stop-and-go capability is particularly effective in balancing out energy load fluctuations.
The SGT-A65 can provide base-load power both to electrical grids and to industrial applications.

APPLICATIONS

Immediate

Gigajoule is ready to implement three projects of 528MW each at various sites in Southern Nigeria, in close proximity to gas supply and electricity evacuation infrastructure.
  1. Significant work has been completed at each of these sites to secure power generation licenses, confirmation of gas supply and electricity evacuation transmission studies.
  2. Additional work includes preliminary environmental approvals, floating plant and infrastructure design work, economic viability confirmation and the necessary precursor negotiations to secure the Power Purchase Agreement with the Federal Government.
Project funding is achieved by utilizing the following credit enhancements:
  1. World Bank Partial Risk Guarantee
  2. Siemens full Operating, Maintenance and Performance Warranty
  3. Lloyds of London Insurance
This amounts to over 1500MW installed capacity at a project cost of US$1.4bn (net) which is externally financed.

Future

  1. In Nigeria alone there is immediate demand for another 10 000MW
  2. In the rest of Africa, immediate demand is 20 000MW
  3. Globally, excluding Africa, demand is estimated at another 30 000MW

Potential

  1. Desalination plants for fresh water supply
  2. Mini-refineries to produce diesel and petroleum products from traditionally uneconomic oil fields

ADVANTAGES

  1. MOBILITY
    Easily transported by sea and river to locations in need of electrical power
  2. SUSTAINABILITY
    Powered by resource abundant natural gas or Liquid Natural Gas if needed
  3. RELIABILITY
    Aircraft engine technology, developed under highest standards for reliability and efficiency
  4. ECO-FRIENDLY
    Natural gas is the cleanest carbon based fuel.
  5. LONGEVITY
    20 year performance guarantee with over 95% availability provided by Siemens
  6. EFFICIENCY
    Can be supplied in both open or closed cycle to maximize operating efficiency

THE GIGAJOULE TOKEN

An initial exchange offering (IEO) will be conducted to finance the implementation of the Gigajoule project. A digital token named the Gigajoule (GIGJ) will be issued.
In contrast with most ICOs and IEOs, the GIGJ token will not be a simple utility token, exchangeable for goods or services to be produced in the future. Rather, the GIGJ token is structured as a security: token holders will benefit from the success of the project.
GIGJ token holders will be entitled to receive an annual dividend of 15% of the profits generated by the Gigajoule project, in proportion to their number of tokens.
  1. Name: Gigajoule token
  2. Symbol: GIGJ
  3. Tech standard: ERC-20
  4. Total supply: 65,625,000
  5. IEO sale: 52,500,000
  6. Standard price: USD 1.00
  7. Hard-cap: 50,000,000
  8. Soft-cap: 10,000,000

The initial coin offering shall be divided into two general stages:

a private presale and an IEO public sale. Discount incentives shall be applicable according to the following table:
  1. Private Pre-sale: 30%
  2. IEO Round 1 (5 days): 12%
  3. IEO Round 2 (5 days): 10%
  4. IEO Round 3 (5 days): 5%
  5. IEO Round 4 (5 days): 0%

Token distribution

  1. IEO token sale: 10%
  2. Gigajoule team: 10%
  3. Advisors & partners: 80%

Use of funds

  1. Setup costs: 40%
  2. Shipyard staff: 5%
  3. Production staff: 5%
  4. Projects development: 25%
  5. Barges construc: 25%

Roadmap

APPLICATION

  • SEP 2019
  • NOVEMBER 2019
  • March 2020
  • SEP 2020
  • NOVEMBER 2020
  • MAR 2021
  1. Establishment and arrangement of a holding company based in Malta
  2. Pre-sale of Personal IEO

CONSTRUCTION

  • April 2021
  • July 2021
  • AUGUST 2022
  • NOVEMBER 2022
  1. Carry out the procedures for disbursement of construction, administration and control.

OPERATION

  • JAN 2023
  • DEC 2042
  1. Electric power supply begins and continues for the next 20 years, based on the Power Purchase Agreement with the Nigerian government.

Team

  1. David Gardner
    Founder & Senior Engineer
  2. Chris Potter
    Founder & Maritime Engineer
  3. Warren Schwartz
    Founder & Software Engineer
  4. Russel Schwartz
    Founder

To get clearer and more accurate information please visit the link below:

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