geosun - G

Geosun Introduction
May 2010
www.geosun.kr
Table of Content
I. Company status
II. Research areas of technology development
III. Management performance and Target
IV. Analysis of domestic and foreign market environment
V. Promotional activities of new renewable energy
www.geosun.kr
I. Company status
1. Company overview
Name of company
GeoSun Co., Ltd
president
Date of establishment
June 9, 1997
number of em
ployees
place
of bu
sines
s stat
us
Lee, Woon-Hae
12
head office and f
actory
105-106 2nd production factory of Gyeongbuk TP, 300 Sampoong-dong, Gyeongsan, Gye
ongbuk
affiliated laborat
ory
2202 global venture bldg of Gyeongbuk TP, 300 Sampoong-dong, Gyeongsan, Gyeongbuk
exhibition center
Solar energy research center at Gyeongbuk Techno Park
point of contact
major field of business
Tel :(053) 602-9700 Fax : (053)602-9708
E-mail : geosun@nate.com
ground and air source heat pump, hydrodynamic power generation, solar energy system,
green home(composite) system research and development, production and construction.
green home, general supply business, regional supply business, mandatory installation in
public institutions. new renewable energy proposal, consulting, design, construction and a
fter service
2. history of Geosun
1997
Solar heat
June 1997 company
foundation
January 2001 opening of
Daegu office
March 2002 expansion
into ground heat field
March 2003 supply
assistance business for
Korea Energy
Management Corporation
March 2009 awarded outstanding green energy
company for 3 consecutive years
May 2009 awarded outstanding small & medium
business by the governor
July 2009 awarded exemplary small & medium
business CEO(technology innovation) award
July 2009 comprehensive after sales center of Korea
Energy Management Corporation(ground energy)
established affiliated laboratory
April 2010 completion of heat pump hydrodynamic
power generator
2010
export of
Green
Home
2006
research and
development
2004
ground heat
air heat
January 2006 moved head office to
Gyeongbuk Techno Park
October 2006 designated as a venture
company
September 2007 certified as a technology
innovative company
January 2007 company name changed to
Geosun/ factory registration
June 2008 comprehensive after sales center
of Korea Energy Management
Corporation(solar energy)
October 2004 green house construction business
November 2004 development of ground heat/air heat pump
March 2005 development of hydrodynamic power generator which can also be used as heat pump
3. business fields
development and production of
heat pump using ground heat/air
heat, hydrodynamic power
generation, solar heat
Korean type cooling and heating
system.
Ondol heating/space cooling
multifunction heat pump
export of
heat pump(also with
Ondol function)
solar heat products
passive house
zero energy house
formation of
energy formation
of energy
renewable energy
fusion and combined
R&D
domestic & foreign certification
development of environment friendly & high energy
efficiency products
secure intellectual property rights
4. Major certifications, registrations and agreements
innovative business
certification
affiliated
laboratory
certification
venture company
certification
designated as facility
after sales center for
new renewable energy
by the ministry of
knowledge economy
renewable energy
specialty company
registration
cooperation
agreement
with Yeongnam
University
ISO9001:2000
certification
research cooperation
agreement with
Gyeongbuk
hybrid technology
institute
outstanding green
energy company
grand award
(MKE. KEMC)
Renewable energy
CDM project,
South Africa
5. status of intellectual property rights
name of intellectual property rights
registration number
patent
high temperature heating heat pump using solar heat
patent
date of registr rights belo
remarks
ation
nging to
application
May 6, 2010
GeoSun
power generation system using heat pump
10 -2010 -0955235
Apr. 21, 2010
patent
unit type solar water heater using vacuum tubes
10-2009-0128357
Oct. 28, 2009
GeoSun
application
patent
ground heat transferrer using ground heat
10-2009-0099419
May 9, 2010
GeoSun
registration
patent
flat type heat collector using double vacuum tubes
10-2009-0100257
Oct. 21, 2009
GeoSun
application
patent
ground heat maintenance device and method
10-2008-0027545
Mar. 25, 2008
GeoSun
application
patent
efficiency improved heat pump cycle
10-0835122
May 29, 2008
GeoSun
registration
10-0798347
Jan. 21, 2008
GeoSun
registration
solar heat collector and heating device
10-0675785
Jan. 23, 2007
GeoSun
registration
Geosun trademark registration
40-0776470
Jan. 19, 2009
GeoSun
registration
20-0404306
Dec. 14, 2005
GeoSun
registration
20-0369968
Dec.1, 2004
GeoSun
registration
patent
patent
trade ma
rk
composite heating and cooling system using renewable
energy
utility rig heat collector connection structure of solar heat collect
hts
utility rig
hts
or
composite heat collector using solar heat
being trans
ferred
application
registration
6. Research and development progress plans
site centered technology development
- composite system application technology
- improve heat efficiency and secure
economy
nurture long term strategic export field
Development of Core Technology
continued securement of research personnel
- composite type
renewable energy heat
pump
- foreign transfer of
hydrodynamic power
generation production
technology
Securement of
company
competitveness
- utilization of joint research institutions
- train high level specialists
Facilitation of
research
organization
DEVELOPMEN
T PLAN new renewable energy
fusion technology
new renewable energy
Industry-academia-research
cooperation
fusion area
-nurture a laboratory with
the best technology
Industry-academia-research cooperation
-exemplary execution of cooperation
7. Research and development status
(ground heat, air heat, solar heat)
development area(project name)
implementation agency
company affiliated laboratory (separatory heat pump) establishment sup
1
Small & Medium Business Administration
in progress
10
success
10
success
90
success
2008
35
success
2005
22
participation
2004
45
supervision
2004
15
participation
Andong Agricultural Technology Center
2002
33
supervision
Pohang Accelerator Laboratory
2000
8
participation
2
small group support project
Small & Medium Business Administration
3
proto-type(ground heat separatory type) production support project
Gyeongbuk Hybrid Technology Institute
hort term commercialization development(two way controller) project of t
Gyeongbuk Province
he new renewable energy rearing and diffusion project
5
Small & Medium Business Administration, Korea Ins
R&D road map planning support program
June 2009 - Ma
budget remarks
432
port project
4
period
titute of Science and Technolgy Information
y 2012
Sep. 2009-Feb.
2010
Sep. 2009
Nov. 2008 Nov.
- 2009
empirical study on geothermal heat(closed-type, open-type) with Resea Research Institute of Industrial Science and Technolo
6
rch Institute of Industrial Science and Technology
gy(RIST)
empirical study on cooling and heating of glass houses at Andong Agric
7
Andong Agricultural Technology Center
ultural Technology Center using geothermal energy
study on microorganism fermentation system by using solar heat in Poha
8
ng terminal sewage treatment facility, Pohang Univerisity of Science and Pohang Univerisity of Science and Technology
Technology
study on underground heating of glass houses using geothermal heat in
9
Imhari, Andong
10
empirical study on solar energy with Pohang Accelerator Laboratory
8. Commercialization result sites
Construction of energy autonomous village in
Gyeongju (2007 ~ 2011)
-adopted green home composite system
- oriental herb resort village in Gyeongju
mountains
Green Home standard model(MKE, KEMC)
- composite system using renewable energy
Green Home in Gyeongsan(2006)
- solar heat hot water
- air heat cooling and
heating system
- solar ray power
generation
Grand Prize winner of KEMC
green home contest (2009)
-Yangnam lohas suburban
house
9. Developed product application site
Gyeongbuk Institute of Health & Environment
ground heat cooling and heating (2008)
Andong Agricultural Technology
Center ground heat(2002-2004)
Yeongnam University Chemical
Engineering Hall
ground heating and cooling (2007)
KEMC new renewable exemplary supply
- Gyeongbuk TP
- 2007 private sector participation prize
10. other application site
villiage center(health clinic)
Electronic Industry
Promotion Institute(Gumi)
Eastern seaboard energy cluster renewable energy experience
complex project(Hanyang University)
Solar Heat housing supply
project
11. business performance
Outstanding small &
Medium company(2009)
(awarded by
Gyeongbuk governor)
technology agreement
with
CDM KORLD
Gyeongbuk Bureau
exemplary SME
businessman
(awarded by
Gyeongbuk SMEA)
renewable CDM PJT MOU
Cape Town, South Africa
H/P technology
exchange agreement
with SkySea of
China(Jan, 2009)
cited in the case study book published by
the presidential green growth committee
(August 2009)
green house composite system selected
on promotion in 35
countriesadministered by
the Korea
Trade Association
certification of
separable heat pump
Research procedure of technology development
1. heat pump business overview
Of all the alternative energy to solve environmental pollution and energy depletion from
carbon energy use, heat pump business is a environment friendly power generation system
that derives electrical energy most efficiently and nature friendly way
*Wind generation
introduction
*Hybrid cars
carbon energy
electrical energy
solar heat, wind,
tidal wave
*Electrical heating
and cooling device
By using differences in temperature and atmospheric pressure when refrigerant expand and
compress, refrigerent power generation system industry utilizes heating and cooling heat pump
cooling device
by compressing refrigerant,
releases energy to outdoor
unit
heat pump
by expanding refrigerant,
absorbs energy from
outdoor unit
refrigerant generator
when refrigerant pressure
changes, converts pressure
change to electrical energy
2. understanding of refrigerant system
Changes high pressure refrigerant into low
temperature low pressure gas(evaporation)
By radiating high
temperature and
high pressure gas,
turns into liquid
By compressing low pressure gas,
turns into high temperature high
pressure gas
Refrigerant
inflow from
expansion valve
absorbs
heat from the
evaporator and
evaporates
(refrigerant
effect)
3. Heat pump market status
13
IEA
15
2005년
자료
6.4
10
5
0
U.S. - Heat pump installation in over 30%
of new buildings
2.1
4.5 3.8 신재
세계각국의
3.7
생에너지 공급비
중
한국 덴마크 프랑스 미국
독일
일본
source : Heat pump technical guide book, Korea Energy
Management Corporation (2004)
Of products for household use, over 80% does not
have Ondol function
World heat pump market outlook
(source : BSRIA Report 18733/1. 2005)
Japan - Uilizes heat pump in over 70% of
ventilation system. produces over 3
million units annually
Germany, Britain - Tax benefit in heat pump
utilization work and government support for
technology
Denmark - Government encouragement of
heat pump use
Domestic heat pump outlook
3-1 Domestic heat pump market
Definition of heat pump
Equipment devised to simultaneously heat and cool by installing 4 way valve
which converts flow of refrigerant between the compressor and the condenser.
Aug. 14, 2009 issue of Electronic Times
Korea Electric Power Corporation recently
announced new corporate vision which aims to
earn 14trillion won which will be 700times larger
than the current sale of 20 billion won from the
green sales. In order to do so, it will invest total
of 800billion won by 2020 to secure 7 green
technology in IGCC, CCS, nuclear reactor export,
smart
grid,
electric
vehicle
recharging
infrastructure, heat pump and electric energy
housing.
Aug. 17, 2009 issue of Electronic Times
According to research, of all the energy
consumed, only 25% of energy is consumed
in housing, commerce and in public building.
1/4of all energy is consumed in lighting and
cooling and heating of buildings. In terms of
carbon dioxice emissions, it comprises 13%.
That is the reason why the government is
actively pursuing to provide 100 million
green homes. Accordingly, interest in heat
pumps which can heat and cool whole
building is drawing much interest
Domestic heat pump market has been
growing for the last 20 years. While
companies like LG and Century is
showing much interest the largest
specialty maker Tempia has gone
bankrupt which would adversely affect
after sales services and negative opinion.
However, recent interest in green energy
has drawn focus on heat pumps and is
likely be selected as national strategic
business item. Accordingly, technology
necessary for saving energy will be
positively reviewed and selected.(heating
possible with 20% of kerosene heating
cost)
3-2 Foreign heat pump market
Heat pump as a symbol in Germany
Heating of Japanese water heater market
Heat pump is rapidly rising as a symbol of owner's
environmental awareness in Germany.
Heat pump market has been exploding in recent
years. In 2005, 18,500 units were sold and in 2006
sales rose to 44,000 units. At least 55,000 units are
expected to sell while some reports forcast the sales
will be much greater. The industry predicts shortage
of supply to fulfill demand and the waiting time will be
prolonged. In switzerland, the sale of heat pump is
rising, although not as dramatic as in Germany.
Compared to 12,000 units sold previously, it is
expected 16,000 units was sold in 2006. About 80%
of the units were for new buildings and over half was
the air supplier.
Source : CCI, Germany
Sales of ECOCUTE(Co2 heat pump water heater)
continued due to its economy, safety, and
environment friendly qualities.
Sales grew 60% in 2006. From 2007, sales of
ECOCUTE is expected to expand thanks to
government support and efforts of manufacturer.
Since its introduction in 2001, the demand for
ECOCUTE has steadly increased. According to Japan
Refrigeration
and
Air
Conditioning
Industry
Association, 72,600 units were sold in 2003,
115,000units in 2004, 194,000units in 2005,
323,000units in 2006(58.5%, 68.8%, 66% increase
respectively)
Advanced Market
Developing Market
Use of heat pump is common in advanced countries, is
unrivaled as an alternative energy. In particular, electric
companies like Mitubishi and Toshiba are most active.
Heat pump is considered to
alternative energy. In China,
industrial factories, utilization
water is been sought in attempt
be the lone substitute for
where there are numerous
of heat pump using waste
to renew any waste energy.
4. Hydrodynamic power generation system
Hydrodynamic power generation
Uses power generated when the refrigerant is expanded into low pressure
state from the high pressure state while cycling during the cooling and heating
as the energy source. Use this energy to operate the company made turbine
and the generator connected to the turbine generates electricity. The
electrical energy generated uses inverters used in solar power generation to
reduce power consumption. If generation efficiency is more than the input
electrical energy, a storage battery is installed to be used for power source
for other equipments.
Generation possible power
Application of hydrodynamic power generation
Can obtain 80~90% of power
in comparison with the heat
pump. (produces 6kw when
7.5kw is used) Through
improvements in compression
efficiency and turbine
structure change, more power
can be generated. currently
produces 3.2 kw.
Can be operated if a turbine and
a generator is installed on the
outdoor unit of the heat pump.
Designed to be used not only on
household air conditioner but on
all industrial cooler and heater
through simple structural
modification
5. Development motive and process
motivation
In seeking utilization of energy generated during
continuous expansion and compression within the heat
pump, initiated turbine and power generation equipment
development that uses power of compression and
expansion.
Heat pump
Heat pump development since 1981, and attempt to apply it on
washing machines and others. Attempts to combine it with
other alternative energy such as solar power
Outdoor ice maker
In order to solve the heat pump's problem of outdoor unit freezing
during the winter and its resulting inefficiencies, developed a system
that does not freeze(patented)
Hydrodynamic power generation
In order to develop pressure turbine necessary for hydrodynamic
power generation, attempted over 300 tries in development over the
7 year period and invested more than 2billion won
6. Composition layout of hydrodynamic power generation
발전기 – 제반 열기기 기관 적용
축 동력발생
low speed
compressor
generator –
related equipment
high speed
expander
heat exchanger(absorbs heat)
30%
Air emission(cool)
100%
Air induction(hot)
used in various
electrical goods
7. Hydrodynamic power generation efficiency
comparison(with electrical heating)
(1) Innovative energy saving system that produces 2~5times the heat energy than the calory of input
electricity into heat pump. When 1kw of electricity is supplied into electrical heater, 860kcal/h is
produced but when 1kw of electricity is supplied into heat pump, average of 2,580kcal/h is produced.
(2) Innovative energy saving system that produces 2~5times the heat energy than the calory of input
electricity into heat pump. When 1kw of electricity is supplied into electrical heater, 860kcal/h is produced
but when 1kw of electricity is supplied into heat pump, average of 2,580kcal/h is produced.
heater type
consumed
electricity(kw)
consumed electri
city(kw)
heated area
(pyung)
performance coef
ficients (COP)
electrical heater
7.5
6,450
13
1
existing heat pump
7.5
19,350
39
3
electricity used in def
rost heated is added
hydrodynamic power
generation system
7.5
34,830
70
5.4
defrost heater not ne
cessary
remark
*above calory citation is based on average calory of COP3, and when outdoor temperature is 5C
(3) Considering continued turbine development results in improved efficiency, it is
expected generation efficiency of 100% is possible and in this case it would be possible
to operate the system with a small recharger.
8. Hydrodynamic power generation efficiency
comparison(with other existing power generation 1)
category
fluid refrigerant turbine
generator
(6Kwclass)
diesel engine
(20Kw class)
shape
simple
complex
condensation of st
eam
no condensation limit
-
steam used
-
-
condensation load
low(within10%)
-
high(over 88%)
solves environmental problems by minimizing gas emissions
efficiency
high
low(below 30%)
low(below 40%)
efficiency high due to design based on the characteristics of fl
uid movement
turbine
(1,000,000Kw class)
remarks
very complex(3dimen
low manufacturing cost. easy to repair
sional)
under 12%
limited to overheated
solves environmental problems by minimizing gas emissions
steam
noise
low(100%)
low(250%)
high(300%)
ordinary turbines produce much noise since turbines rotates at
a high speed and collides with the liquid. However, our turbine
s does not collide with the fluid at high rotation thus produces
less noise
vibration
low(100%)
high(250%)
high(300%)
ordinary turbines has large inertia momentum of rotating parts.
However, our products are evaporating gases thus the inertia
momentum is small
size
small(100%)
medium(150%)
large(200%)
our products are operated with liquid and gas composites, and
the energy density of the fluid is high. Thus, small size is poss
ible given the same level of out put
weight
light(100%)
heavy(200%)
heavy(400%)
ordinary turbines require deccelerating device and results in h
eavy weight.
freedom of design
own development
domestic content l
evel
high(100%)
due to complex st
due to complex struc
design of various models possible
ructure, design di
ture, design difficult
fficult
high(70%)
low(10%)
import substitution effect high. increase export.
9. Hydrodynamic power generation efficiency
comparison(with other existing power generation 2)
category
existing internal, external power generator
fluid turbine power generator
fuel
fossil fuel, nuclear power, solar power, wind p
ower, ocean power, hydro power, battery
atmospheric energy, fluid
engine material
special alloy
-
production cost
100%(based on existing engine)
below 25%
composition
100%(based on existing engine)
saves over 95%
longevity
100%(based on existing engine)
over 150%
noise
100%(based on existing engine)
below 60%
output
100%(based on existing engine)
100~250%
pollution
100%(based on existing engine)
below 5%
fossil
50years
nuclear
70years(number 1 environmental polluter)
fuel consumption
application area
related heat equipment, heat engine
currently, 42% of input is produced as elec
tricity at no cost.
Development in works to convert to self ge
neration after initially using exterior power
(battery) in the future.
cooler/heater, generator, boiler, etc.
10. Application area
application products
application area
heat pump cooler/heater
home, office, industrial building
boiler substitute
home, office, industrial building
water cooler
home, industrial building
factory
automobile cooler/heater
cooler/heater
generator
hybrid car
water cooler
boiler
hybrid car
11. 사업진행 계획
securement of
intellectual property
rights
heat pump assembly- development and turbine specialty maker
domestic patent registration. 1stage of development completed.
additional development in works
development and
production fund
secure own funds or prepare of entry into free board market.
cooperation with firms seeking new business
foreign market entry
sequential entry into developed countries such as EU and
other major countries.
applied for international patent PCT in US, Japan and China
securement of
production
facilities
factory and office of 2000 pyung is in preparation.
complete with machining center and other measuring instruments
marketing plans
form connection with domestic and foreign renewable energy
firms. keep in step government policies. seek prior entry into
japan, US, Europe, and China
laboratory
expansion
develop heat pump turbine with over 100% energy collection rate.
develop products in connection with solar heat and wind power.
12. Business promotion plan
Domestic market
Turbine and power generation
system for heat pump manufacturer
Seek domestic market supply
contract with air conditioning
makers such as LG, and Samsung.
develop heat pump with energy
efficiency of 100% and then
produce and establish distribution
network.
Find out possibility of applying
hydrodynamic power generation on
air conditioning system of hybrid
cars.
Promote power generation system
through academic meetings,
seminars. promotion display at
government offices and public
company buildings.
Foreign market
Seek supply contract with Japan's
Mitsubishi, Toshiba and other
specialty makers for turbine, and
power generation system.
Sign supply contract with US heat
pump companies and energy
related firms in related fields.
Development and sale of waste
heat return heat pump for
application in China's high
temperature waste water
discharging industries.
NDA with solar heat, wind power
generation specialty firms.
Prepare joint development plan
through cooperation(utilize
independent power system recharging system)
Ⅲ. Management Performance and Target
1. growth potential(revenue and export)
year 2011
15 billion won target
Korean type hydrodynamic power generation
heat pump introduction
high temperature water heating heat pump
introduction
export 000dollars
year 2010
5 billion won
unit type solar heat water heater
development
green home(green house) export
export 000 dollars
R&D budget ??%
two-wary controller development
completed
ground heat prototype for residential use
export 000 dollars
106% growth
R&D budget ??%
year 2009
R&D budget ??%
year 2008
2.02billion won
R&D budget 10.37%
2. nurturing of professional
personnel and job creation
research and develo
pment
(masters and doctor
al level) 2 additions
foreign sales 2
masters and docto
ral level in researc
h and developmen
t 2 additions
management po
sition 3
production position
10
second half of 2009
research and develop
ment position design/
assembly
design and manufa
cturing 9
export 000$
9 existing personnel + 2
export 00$
export 0$
2011
40 personnel
2010
25 personnel
2009
11 personnel
Green Home, heating and cooling with Ondol(ground heat, air heat) heat pump,
hydrodynamic power generation, solar heat
3. revenue trend
(단위 : 억원)
category
2010
2011
2012
2013
2014
heat pump
(5)
(10)
15
20
25
solar heat
(3)
(5)
7
10
10
participation in p
olicy projects
40
30
(20)
(20)
(20)
hydrodynamic p
ower generation
0
60
100
150
200
export
2
45
100
250
400
total
50
150
242
450
655
Ⅳ. domestic and foreign market environment
1. environmental conditions
energy and environmental issues
- Kyoto protocol(Feb. 2005)
- Bali roadmap(May 2007)
- Climate Change Convention
17 years of new renewable
energy Know-how
- diverse field experience
-comprehensive solar
heat/ground heat after sales
service center
commercialization of foreign export
-green house
- separatory heat pump
-composite system
development of leading business model
-new renewable energy convergency
and fusion
-passive house(adapting hydrodynamic
power generation)
-energy self sufficient village creation
expansion of government support
-1million green home supply project
-mandatory requirement of installment in
government institutions
-regional supply, general supply project
nation's only new renewable energy
composite system
-development of Korean-type ground heat
and air heat system for household use
-power generation system for both cooling
and heating
2. commercialization(demand) projection
policy
support
diverse support project
- 1million green home
supply project
-general supply, planned
supply project
-village centers, senior citizen
centers, information village
-ground heat general electricity
supply for household use in 2009
-green village project
-suburban house creation
project by regional governments
-various welfare facilities
-new renewable energy
regional supply project
-mandatory requirement in
public purpose project
-FTA support, strengthen
- competitiveness, etc
marketability
environmental
conditions
urgency for alternative
energy due to Climate
Change Convention and
excluding apartment
rise in oil prices
(National Statistical Office, 2005)
-lack of alternative in
suspension and price
increase of late night
-4 million individual
electricity by Korea
house
Electric Corporation,
- 520,000 town houses
sharp increase in metro
-200,000온돌겸용,
houses for
복합시스템
등 prices
gas and diesel
- business use
독창적 기술력 -focused interest in new
-30,000 village centers
renewable energy and
-opening of about 27,000
expansion of various
senior citizen centers
support projects
-village level health centers
5million households
nationwide
originality
originality and technological
capability in multi-use
Ondol, hydrodynamic power
generation composite
system and etc.
related firms are
Samsung, LG, Century,
Kiturami, Rami,
Tempia and etc.
No firms supplying
multi-use Ondol and
green house
composite
system(package)
hydrodynamic power
generation system
V. promotional support of new renewable
energy and social activities
1. field trips, promotional education support
2. Major promotional activities
Busan International Environment
Energy Exhibition0
Gyeongbuk venture
business exhibition
Daegu Green Energy Expo
Gwangju Energy exhibition
Ulsan Green Energy Industry
Exhibition
Yeongchun Suburban House Exhibition
3. regional social activities and media coverage
"New Renewable Energy"
Future of world-wide Energy
www.geosun.kr