SkyTrough Low-cost Parabolic Trough for MENA

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1 SkyTrough Low-cost Parabolic Trough for MENA Kelly Beninga Chief Commercial Officer May 5, 2011 Menasol 2011

2 Company Overview Parabolic Trough Provider NOT a project developer or EPC Founded in 2007 Venture Capital Funded Proprietary Design Patented technology 20-30% lower cost SkyTrough Next-generation parabolic trough based on ReflecTech mirror film ReflecTech Mirror Film Shatterproof, non-glass Developed by NREL and SkyFuel 2

3 SkyTrough Parabolic Trough Solar Concentrator 6 Meter Aperture Width 115 Meter SCA Length 4.7m, 80 mm Receivers Aluminum Space Frame ReflecTech Mirror Panels R&D 100 Award Winner

4 Integrated Design Trough was designed from the bokom up as a low cost world trough All metal components can be fabricated in most any country with exisqng tooling common in industrial manufacturing Simple, transportable equipment used for field assembly no jigs, welding, or heavy liuing equipment required In country mirror panel fabricaqon no glass shipping Aluminum Strut Extrusion Fully recyclable with residual value 4

5 ReflecTech Mirror Film Reflectance 93% Lifetime > 25 Years Lightweight Commercially Proven Low Cost Self Adhesive Developed in collaboration with the US National Renewable Energy Lab (NREL). 5

6 NREL s UAWS ReflecTech Durability Ultra Accelerated Weathering System (UAWS) The most accelerated method to determine the long term durability of a material to outdoor exposure. A:er receiving the equivalent cumula=ve UV dose of over 25 years outdoor exposure, no degrada=on and no loss in reflectance were measured. UAWS: 50X Concentra=on ReflecTech Samples on UAWS

7 Scrub Brush Abrasion Resistance No measureable loss in specular reflectance after over 53,000 scrub cycles, equivalent to > 50 years of scrubbing. 7

8 Monolithic Mirror Panels ReflecTech Mirror Film Lightweight, high reflectance Lasts over 25 years ReflecTech Mirror Film on aluminum sheet Monolithic Reflector ReflecTech laminated to aluminum sheet Maximizes mirror surface No field adjustment needed Fast InstallaQon 8 High precision guide track along enqre reflector 33 m 2 /man hour for SkyTrough Compared to 8 10m 2 /man hour for glass reflector facets 1 Monolithic ReflecTech Mirror Film reflector panel ConvenQonal Glass Mirror Facets 4 fasteners per mirror facet High Precision Guide Tracks The final result is the highest op1cal accuracy seen to date in parabolic trough collec1on technology. U.S. Na=onal Renewable Energy Laboratory Note: 1 A common industry es=mate requires 15 man minutes to install each glass mirror in a trough collector (Nevada Solar One, EuroTrough, SENER Trough)

9 Evolution in Space Frames Approximately to scale. LS-2, Luz SEGS III-V A = 40 m 2 STEEL LS-3, Luz SEGS XIII, IX A = 69 m 2 Steel Aluminum Euro-Trough SolarMillenium Andasol 1 A = 69 m 2 Nevada Solar One Solargenix, Nevada Solar One A = 40 m 2 ALUMINUM SkyTrough SkyFuel (2009) A = 84 m 2 ALUMINUM 9

10 Lightweight Aluminum Space Frame 40% Fewer Parts 30% Less Material 2x Assembly Speed 10

11 SkyFuel Cost Advantage Acciona SGX SkyTrough Receivers Ball Joint Assemblies Reflectors Drive & Controls Space Frame Receiver Supports Pylons & Bearings Module End Plates Freight & Transport Installation Labor Foundations 11 SkyFuel, Inc

12 SkyTrough Thermal Efficiency Collector thermal efficiency measured at NREL Measurements Optical efficiency 1 = 77.4% Thermal Efficiency 2 = 73.7% Result Collector thermal efficiency demonstrated to be on par with the highest performance trough systems in the world 1 Measured at normal incidence 8 Includes receiver thermal losses. Calculated for DNI of 1000 W/m 2 at normal incidence and typical collector operation temperatures: 290 C inlet, 390 C outlet, 25 C ambient 12

13 MENA Sourced Components All Aluminum parts All Steel parts 13

14 US Imports for MENA Projects ReflecTech Mirror Film Helical Hydraulic Drive and controls 14

15 High Density Mirror Shipping 140 m 2 per roll of ReflecTech 84,000 m 2 per shipping container 120 SCAs, 22 MWe per container 15

16 Mirror Panel Fabrication Line Annual Capacity MWe (136,000 panels) Fully automated coil processing and ReflecTech film lamination line Can be set up in any country Flat panels shipped to site in high density crates 16

17 SEGS II Demonstration Rapid Mirror Panel Installation 17

18 SEGS II Demonstration Operational Since December,

19 SEGS II Demonstration Predicted versus Actual Performance Instaneous Ouput (kw-th) Measured Performance (kw-th) Predicted Performance (kw-th) SEGS II 13 Aug DNI (W/m²) 0 5:30 6:30 7:30 8:30 9:30 10:3011:3012:3013:3014:3015:3016:3017:30 Time (Pacific Standard Time) 0 19

20 Validation by Independent Engineer Sargent & Lundy: The two parabolic troughs chosen for cost comparison are the Acciona SGX and Solar Millennium ET-150 troughs. Based on our independent evaluation, the estimated cost for SkyTrough is about 30% less than SGX and about 21% less than ET

21 SkyTrough Warranty SkyFuel offers the best in class product warranty: One year warranty against defects in materials and workmanship Up to five year warranty on thermal performance of the SkyTrough 20 year warranty on the average specular reflectance of reflector panels Backed by major insurance company 21 SkyFuel, Inc

22 Questions 22 Kelly Beninga Chief Commercial Officer Arvada, Colorado, USA

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