Knight & Carver YachtCenter & Wind Blade Division
About K&C Marine Division Description of Services: Large Yacht Repair/Refit on the world’s largest megayachts Location: San Diego Bay (National City, CA) Awards/Distinctions: Founded in 1971 Built over 100 composite yachts Honored by “Inc” Magazine and Harvard Business School as one of the nation’s top 100 inner-city businesses (2002, 2003). American Boat Builder’s and Repairer’s 2007 Award of Excellence Designated as U.S. West Coast Warranty Center by Benetti Yachts, the world’s largest yacht builder (2006) Nordhavn U.S. West Coast Warranty and Service Center (2007) Awarded Showboats Refit of the Year MY Helios (2009) Notable Projects: Major refit: 300’ MY Tatoosh Major refit: 230’ MY Reverie Major refit: 194’ MY Ronin Major refit: 200’ MY Helios Major Refit: 255’ MY Princess Mariana Major refit: 300’ MY Arctic P Major refit: 197’ MY Senses Major refit: 197’ MY Seawolf Recent New Build: M80 Stiletto (80’) for U.S. Defense Department (2005)
Knight & Carver Facility 9 acre facility 25’ deep water access 300’ drive-on dock 200’ work dock
About Knight & Carver Wind Group Brief history – Formed a few years ago as out-growth of luxury yacht-repair company Awards- Department of Energy top 10 accomplishments for energy innovation What we do – build new blades in National City and South Dakota – plan to open facility in Texas in early 2010 – also repair, service, inspect Growth pattern -- Has grown from 60 employees at end of 2008 to 175 employees – all green jobs Near future – growth will continue, expect to be $30 million company by end of About Wind Energy Industry US Leads the world -- The US leads the world in installed wind capacity and new turbine installations. In 2008, more than 8,500 megawatts of new wind power capacity brought US capacity to 23,000 megawatts – more than longtime world leader Germany. President Obama’s Goal -- President Obama has set a goal of doubling wind energy production in 3 years. The Dept of Energy says wind energy has the potential to generate 10 percent of US electricity needs by 2012 – and 25 percent by Federal commitment – Investment of $15 billion each year for 10 years to develop clean energy including wind power, solar power, geothermal energy and clean coal technology Job Creation – could create 3 million to 5 million new jobs Current U.S. Power supplied by Wind energy – Only 1.25 percent of the U.S. electricity output – a long way from 2030 goal.
Looking Forward-Marine Marine Opportunities – Facility Growth 4000 t dry dock – San Diego as a world wide destination for refits – Innovative construction techniques – Developments in paint and materials – Greening of shipping/yachting industry
Looking Forward- Wind Wind Industry Opportunities Trend to larger blades: 300 ft and longer Small blades: for residential, business use Dramatic increase in off-shore wind farm production Increase in “green-collar jobs” Move to harness undersea tidal currents Possible shift to carbon-fiber materials