Breakwave Energy

West Nusa Tenggara

Pilot Project Proposal Headquartered in
William Lyman / Andres Hernandez San Diego, California
February 2024 | Confidential
Dear Esteemed Colleagues,

I am Bill Lyman, Founder of Breakwave Energy, and it is with great enthusiasm that I present to you our pioneering
project for Indonesia. This initiative is not just a venture for us; it is a commitment towards a sustainable and
resilient future, especially for the communities in Indonesia's outlying islands.

Indonesia, blessed with abundant natural resources, stands at the forefront of a renewable energy revolution. Our
The ocean is
pilot project in this beautiful archipelago is designed to harness the immense potential of ocean wave energy –a
step forward in addressing the critical energy challenges faced by remote and island communities. We envision
providing affordable and reliable renewable energy, a cornerstone for economic and social development.

This project is more than just a technological endeavor; it's a collaborative effort that brings together local
communities, government bodies, and international partners. Our goal is to create a model of energy
independence that can be replicated across the archipelago, ensuring that no community is left behind in the
march towards progress.

We are immensely grateful for your time in reviewing our project deck. Your insights and support are crucial in
making this vision a reality. I eagerly look forward to engaging further with you and hope to meet in person soon
to discuss how together, we can turn the tides of energy challenges into waves of sustainable opportunities for
Indonesia.

Thank you once again for your interest and consideration.

Warm regards,

William R Lyman
Founder, Breakwave Energy

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Company Purpose

Breakwave Energy designs wave

The ocean is to energy converter (WEC)
energy in systems that will work with the
the purest form ocean rather than against it.

Indonesia has the potential of

8,484 TWh breaking off its
8,484 coast, 2,980% of current annual
energy consumption
Energy capture potential of existing wave energy
Terawatt-Hours converters for Indonesian sea

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4

West Nusa Tenggara – The Ideal Locations

• Strong Wave Energy Potential: West Nusa Tenggara is situated in
a region with consistent and powerful ocean swells, thanks to its
open exposure to the Indian Ocean. This geographic positioning
ensures a steady influx of wave energy that can be efficiently
converted into electricity, making it an ideal site for wave energy
converters (WECs).
• Growing Energy Demand: As a developing region, West Nusa
Tenggara is experiencing a significant increase in energy demand
due to population growth and economic development.
Implementing wave energy projects could help meet this rising
demand sustainably, reducing reliance on fossil fuels and
enhancing energy security.
• Support for Renewable Energy Initiatives: Indonesia has
committed to increasing its renewable energy mix, with ambitious
targets set for reducing greenhouse gas emissions. West Nusa
Tenggara, benefiting from governmental and international support
Sedjorong
for renewable energy projects, offers a conducive environment for
investments in wave energy technology, aligning with national and
global sustainability goals.
The Breakwave System
How Does It Work: Wave Energy Converter
Tower Boom

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1
3
Wave Catch

Turbine Weight
Transfer Unit

1. A wave hits the Wave Catch propelling it to shore.

2. Cabling system connecting the wave catch to activates the Weight Transfer Unit enabling gravity-based energy
storage.

3. Upon reaching the energy threshold, the weight is released, driving a turbine, desalination system, or dredging
equipment 6
 Team

William R. Lyman Andres Hernandez Sameer Sirdeshpande Arman Nadershahi Hamed Nademi, Ph.D. Kurt Talke, Ph.D.
Founder/CEO COO CTO Legal advisor Lead Electrical Engineer Lead Mech. Engineer
Retired Navy SEAL and An experienced investor 30+ years experience in Well versed Patent An accomplished electrical Kurt Talke, a UC Berkeley
Ocean enthusiast with 25+ and advisor with engineering, finance, risk attorney with decades of engineer specializing in graduate, earned dual
years experience and experience in large scale management, and experience in patent law. power electronics, with a degrees in Mechanical
knowledge of extreme $200M+ real estate investment banking at Ph.D. from the Norwegian Engineering and Material
ocean conditions. portfolio transactions, Schlumberger, Jefferies, Arman’s experiences University of Science and Science (2006) and later a
include, Legal Counsel for Technology (NTNU). His PhD from UC San Diego
advising cleantech Barclays Capital,
Bill has worked at startup Alfred Mann Institute, Co- notable career includes a (2021). His career spans roles
companies, and Bloomberg, and Citigroup. collaborative project with at Delta Design in automation,
companies and international logistics Meng Electrical Engineering Founder, ThelioPulse
Siemens' Power Electronic groundbreaking military
Government contracting transactions with a focus & MBA in Finance, Cornell (PLSE). Patent Attorney,
Center, a stint as a Visiting robotics at NIWC Pacific, and
since retirement and has a on Asia. University. formerly at Knobbe, Researcher at Virginia Tech's advanced research during his
Masters degree in Martens, Olson & Bear, LLP Center for Power Electronics Department of Defense
Organizational Leadership He is a U.S. Marine Corps Systems, and a role in ABB's SMART Scholarship tenure.
from National University, Veteran and holds a Industrial Automation Division With expertise in dynamic
and an Executive MBA from Masters in Technology developing multilevel systems, microelectronics,
USC. Management from National converter platforms. and controls, he holds seven
patents and numerous
University.
publications.

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Solution – Breakwave One
All complex components are outside of the water Ease of installation compared to other technologies in
the market

Our design captures waves at peak impact

Scalability
Installations can be modified to fit coastal conditions or
We have the lowest maintenance costs compared specific client level of energy requirement
to the competition

Target LCOE $0.06-.10 per kwh

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9

Testimonials
There are a lot of emerging offshore renewable energy technologies
that are coming to market, but few are as novel as Breakwave's onshore
wave energy converter systems. And the sharp, innovative focus
coming Breakwave's founders, Bill Lyman and Andres Hernandez, is a
force of nature. This will be an exciting company to watch!

-Matt Classen, TMA BlueTech

Breakwave Energy is a valued participant in public advocacy activities

led by AltaSea to promote the advancement and adoption of wave and
tidal energy technology in California. The collaboration and partnership
Breakwave Energy demonstrates within the industry is exemplary and
just the type of mindset needed to accelerate the proliferation of this
vital clean energy in the face of climate change.

-Terry Tamminen, AltaSea

Pilot Project
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Indonesia Wave Energy Pilot Project

Project Vision: Successfully install and operate Key Highlights:
1 to 5 Breakwave Energy Wave Energy
Converters for 1 year, producing power for local
communities and spearheading larger efforts to • Community
expand wave energy production across
Indonesia.
Objective: To demonstrate the effectiveness
and sustainability of wave energy converters
along Indonesia's coastline, beginning with
strategic pilot locations, as a model for
nationwide renewable energy expansion.
• Innovative
Technology: Deployment of Breakwave
Energy's state-of-the-art wave energy converters. That
will put Indonesia ahead of the world in regard to
wave energy converter manufacturing.
Impact: Directly providing clean,
renewable power to local communities, enhancing
energy independence and sustainability.
• Scalable Model: Establishing a replicable and scalable
model for wave energy utilization, setting a precedent
for broader adoption throughout Indonesia.
• Educational Collaboration: Partnering with local
universities for research, development, and
educational initiatives, enriching local academic
resources.
• Economic Growth: Creating international job
opportunities in the renewable energy sector,
contributing to local economic development and skill-
building.

Pilot Project Energy Goal: Generate 1000 MWh in 1 year.

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Timeline and Milestones

Initial Step: Preliminary LOI with
Indonesian Stakeholders
• Draft and finalize a Letter of Intent (LOI) with key
Indonesian stakeholders.
• Establish a formal framework for collaboration,
project commencement, and success metrics.
• Establish a set of criteria that, once met, will initiate
next phase of installations.
• Duration: Immediate action upon project initiation.
Phase 1: Establishing Foundations
• Conduct a trade visit to build local relationships and
understand the project environment.
• Perform site assessments and groundwork for the
pilot installation.
• Draft initial agreements and understand local
requirements.
• Duration: 3 months.
Phase 2: Planning and Design
• Engage in preliminary planning, including modeling,
scoping, and design of the wave energy system.
• Procure the necessary resources and materials for
the project.
• Detailed analysis of site-specific conditions and
requirements.
• Duration: 3 months.

Phase 3: System Development and Phase 4: Installation and Operations

Manufacturing • Install the wave energy converters at the designated
• Develop and manufacture the wave energy system, site.
customized for the selected site. • Initiate operations, including testing and
• Coordinate logistics for shipping the system from the commissioning of the system.
US to Indonesia. • Monitor performance and make necessary
• Address any regulatory and compliance adjustments for optimal functionality.
requirements.
• Agreement for 1 year.
• Duration: 3 months.
Financial Framework
Collaborative Investment for Sustainable Impact

• Locations for wave energy converters provided by

the Indonesian government or private entities.
Site Provision
• Partnership model leveraging local site resources to
reduce upfront project costs.

• Breakwave Energy will finance and manage

Capital Investment equipment manufacturing, logistics, installation, and
operations.

Desired Outcomes
• Secure off-take agreements with predetermined
Off-Take Agreements
kWh pricing aligned with local energy rates.
• Establish a long-term purchase commitment to
Achievement of
ensure project viability and financial stability. milestones prompting the
subsequent phase of
• Local communities and businesses benefit from
fixed energy pricing and increased energy security. installations, scaling up
Benefits to Stakeholders
• The Indonesian government meets renewable
energy targets and stimulates economic growth.
wave energy production in
• Investors gain access to a project with a structured Indonesia.
revenue model and clear sustainability goals.

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Long-Term Vision for Wave Energy in Indonesia

• Scalability Potential: Pilot Project could lead to larger-scale

Ultimate Vision: implementation across Indonesia.
Propel Indonesia • Regional Impact: Long-term benefits for the region in terms of
energy sustainability and economic growth.
to its 27%
• Future Collaborations: Opportunities for further partnerships in
renewable energy the region.
target by 2050 • Economic and Educational Impact: Driving economic
development through job opportunities and bolstering education
for youth, equipping the next generation with skills for a
sustainable future. 14
 William R Lyman
Contact
bill@breakwave.energy
+1-415-517-7825

Andres Hernandez
andres@breakwave.energy
+1-619-980-9054

https://breakwave.energy
Backup
 Problem 1
Renewable Energy Limitations
Wind, solar, and competing wave energy converters suffer from inconsistent
energy production and high levelized costs of electricity (LCOE)

Wind
Wind Power is inconsistent, and maintenance is expensive

Solar
Solar is limited to daylight hours and only works optimally in the equatorial
zone

Other Wave Energy Converters

Other WEC technologies suffer from complicated designs, high-risk
deployment and excessive maintenance costs

End User Problem

Industrial desalination, wastewater treatment plants, and the military, all have
energy needs that require resiliency, cost efficiency, consistency, and government
mandates that require them to move towards green energy.

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Problem 2
Competing Wave Energy Converters have High Costs
Industry Problem
Wave Energy Converters (WECs) are expensive to maintain with LCOEs
between $0.35 upwards of $0.65 per kwh.

• Traditional designs are unrealistic and include high risk placement of

infrastructure in arguably the toughest environment in the world.

• If Wave energy converters are not placed on the shore, they only
capture a fraction of the energy available from waves.

Ocean Power Technologies, Inc. Ocean Energy

Competitor’s LCOEs
$0.35 - $0.65 per kwh*

One of three machines used to generate power from waves, off the coast of Aguçadora, Portugal

*Source: National Ocean Economics Program (NOEP) 19

Why Now
• The Department of Energy’s Waterpower
Technologies Office is spending over
$50M in innovation research to advance
marine energy innovation

• Breakwave Energy is a service-disabled

veteran owned company that enhances its
ability to attain non-dilutive government
funding.
• Wave energy has never been properly
utilized as an energy source due to risk
aversion and lack of nearshore testing
• We have technology that can be scaled
now to produce revenue
• 40% of the world population lives in
coastal areas, vulnerable to climate change

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Competition

Scalability
X

Low Maintenance
X X X

Free of Navigation
Hazards X

Natural Disaster
Resiliency X

Does Not Require Subsea

Cable Routes X X X
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Business Model

Behind the Meter Benefits to this structure

Private internal energy use • Operating arrangement, providing
power to customers.
Focus 1 Target customers • Long-term Power Purchase
Agreements.
US Navy, desalination plants, wastewater
treatment plants • Capture tax benefits with depreciation
and carbon credits.

Front of the Meter Benefits to this structure

Negotiate with utilities and governments
to provide energy directly to the grid.
Focus 2 Target customers
Utilities, island nations, coastal areas with
limited resources.
• Long-term negotiated rates with
predictability.
• Government subsidies and terms to
help make the installation succeed.
• Larger footprint government as a
partner

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Market Size

• There are approximately 16,000 Estimated 20 Year Number of SAM

TAM
operational desalination plants, Contract Values total sites 5% Market Share

located across 177 countries, which

generate an estimated 95 million Desalination
m3/day of fresh water. $75M 1600 $120B $6B
Market
• The US Navy has more than 40 bases
located in the US and 31 bases
around the world.
US Navy $100M 71 $7.1B $355M
• Sempra Energy operates 8
renewable energy power generation
facilities in Mexico. A presence in
Mexico will help Breakwave Energy Sempra Mexico
$41.7M 3 $459M $125M*
Network
connect to that grid.

*25% of Market Share

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 Market Size of potential international customers

Percent of population without SAM

TAM (yearly)
access to electricity 5% Market Share

• There are approximately 1.216 billion

people in Africa, with 50% of the The continent of Africa 50% $105B $5.25B
population lacking access to energy, there
is huge potential for growth.

• The Philippines and Indonesia have over

390 million people and over 32,000 miles Indonesia / Philippines 26% $42B $2.1B
of coastline that could convert wave
energy.
• India & South America are future India / South America 14% $150B $7.5B
customers that could choose wave energy
over traditional sources due to ease of
scalability.

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