SolFocus Concentrator Photovoltaics An Introduction Phil Metz, Director of Business Development July 21, 2010 SolFocus, Inc. 2010 Patents Pending
Today s Discussion What it is and How it Works SolFocus CPV Value Proposition Advantages of this Design Application and Deployments Discussion and Q&A Slide 2
What it is and How it Works Slide 3
SolFocus CPV Technology Concentrating Optical System: 650X Concentration High Efficiency Multi-junction PV Cells: ~40% Efficient Dual Axis Tracking: Higher Yield and Match to Demand Slide 4
SolFocus CPV System Power Unit CPV Panel CPV System Cassegrain Imaging Concentrator Primary Mirror, Secondary Mirror Receiver Unit Tertiary Non-imaging Optic Multi-junction Cell Heat Spreader 20 Power Units for 330 Watt Rated Power 28 Panels Mounted on Dual-Axis Tracker; 9.24 kw Rated Power Slide 5
SolFocus CPV Value Proposition Slide 6
SolFocus CPV Value Proposition Lowest Cost of Energy in Target Locations Maximized Energy Yield Highest Efficiency Designed for Low Cost Manufacturing Lowest Environmental Impact Optimum Use of Land Next to No Water Usage Best Cradle-to-Cradle Footprint Simplified Permitting Deployment Flexibility and Speed Scalable Deployments from 1 MW to 100 MW + Fast Project Deployment, Phased Ramp-up of Energy Production Flexible Site Lay-Outs Terrain Tolerance Proven Quality and Reliability Field-Proven Reliable Product Independently Validated Performance and Economics Certified: IEC, UL, CE, CEC Slide 7
Lowest Energy Cost In Target Locations Highest Energy Production + Increasing Efficiency Decreasing Manufacturing Costs = Lowest LCOE in Target Markets Best Si PV Tracked Thin Film LCOE numbers encompass all costs including equipment, installation, BOS, repair and replace, maintenance LCOE calculations assume consistent financial parameters: inflation 2.5%; real discount rate of 7.5% Source - industry reported data through 2010, projections through 2012 LCOE CSP from: CREDIT SUISSE Equity Research Concentrated Solar Power, September 16 2009 Slide 8
Power Output (kw) High Energy Yield Higher Consistent Energy Production 1,200 900 600 300 0 SolFocus-CPV Typical C-Si-Fixed Tilt Typical Thin Film-Fixed Tilt Typical C-Si One-Axis Tracking PV 4:00 8:00 12:00 16:00 20:00 Consistent Energy Production; Ideal Match to Demand Curve Slide 9
High Energy Yield 10MW Solar Farm - Energy Output by Location and Technology Low Temperature Degradation and Dual Axis Tracking Provide Highest Energy Yield in Target Markets Slide 10
Rated Efficiency Efficiencies Continue to Rise 30% CPV Best PV Typical PV Best Thin Film 25% 20% 15% 10% 2008 2009 2010 2011 2012 Slide 11
Lowest Environmental Impact Optimum Use of Land No Permanent Shadowing Preserved Wildlife Corridors Minimized Water Runoff Erosion Distributed Generation Dual Land Usage Possible Flexible Layout of Sites Minimal Land Coverage/Disruption Land use for site generating 1 GWh/Year with: SolFocus 25% CPV 11% Efficient Thin Film Best in Class Thin Film Land Use: 2.3 acres SolFocus Land Use: 2.0 acres Best in Class Thin Film Permanent Shading: 1.2 acres SolFocus Panels: 0.4 acres SolFocus Land Impact: 0.01 acres Assumptions: SolFocus: 25% efficiency, 20% GCR; Thin Film 11% efficiency, 50% GCR, High DNI location (7.5+ DNI) Slide 12
Lowest Environmental Impact Best Cradle-to-Cradle Footprint Low Lifecycle GHG Intensity High Recyclability (97%) Short Energy Payback No Water Consumption Slide 13
Deployment Flexibility and Speed Highly Scalable: 1 MW to 100 MW+ Commercial, Industrial, Utility Applications Fast Deployment, Phased Commissioning, Rapid Revenue Terrain Tolerance Without Disruption High Energy Yield Distributed Generation Near Use Points 1.5 MW Industrial 2 MW Slide 14 20-100+ MW
Proven Quality And Reliability Proven Reliable Product Certification: IEC 62108, CEC-listed Field Performance Data: 3 years on sun ~250 million cell hours on sun Predictable Performance and Cost Validated Performance and Financial Models LCOE Analysis: Advanced modeling Third Party Validations Diligence Reports: Black & Veatch Garrigues Validated Field Data: ISFOC, PAW, APS Validated Energy and Cost Modeling Slide 15
Advantages of this Design Slide 16
Designed for Low-Cost Manufacturing Automated Volume Manufacturing Scalable and Global Manufacturing Capabilities 50MW capacity 2010 100MW capacity in 2011 Total Manufacturing CapEx: $0.18-$0.24/watt vs. $2 for Thin Film and $1.25 for Silicon PV Manufacturing Capex ($/watt) Thin Film $2.00 Silicon PV $1.25 SolFocus CPV $0.21 Meikle Automation Kitchener, Ontario Module Assembly Equipment DSBJ Manufacturing Partner, China Panel Assembly 50MW and Scalable Primary Mirror Manufacturing Mesa, Arizona 32MW and Scalable Applied Manufacturing Technologies, Michigan Manufacturing Development Hexin Manufacturing Partner, China Tracker Mfg, China 100MW Capacity Slide 17 World-Class Manufacturing Capabilities and Partners
SolFocus: Factory to Field Slide 18
SF-1100 Designed for Reliability Approach Thorough reliability analysis throughout design (FMEA) Extensive accelerated aging in environmental chambers (HALT) Statistically large volume field data correlated with HALT Panel Glass, Aluminum, Steel - no plastic in optics path Compact panel for better environmental control Passive air cooling no pumps, fluid, valves Tracker Electric drive - less maintenance than hydraulic Pole-mount tracker has fewer moving parts than other designs Slide 19
SF-1100 Designed for Performance SolFocus Utilizes Reflective versus Refractive Optics Rugged, Field-Proven Materials Significantly More Compact Panel (folded light path) Higher Acceptance Angle Greater Flexibility for Future Improvements Slide 20
Applications and Deployments Slide 21
Global Application of SolFocus CPV Slide 22
Application of SolFocus CPV in US High Solar Resource Regions U.S. Southwest, Western Plains, High Desert Slide 23
Global Commercial Deployments Operating or Under Construction Palo Alto Wastewater (2007) APS Star Test Facility, Tempe Arizona (2007) KGO, Fremont, California (2008) NELHA, Kona, Hawaii (2008) ISFOC, Spain (2008) EDF Utility, Italy (2009) Victor Valley College, Victorville, CA (2010) Volkswagen, Puebla, Mexico (2010) Salida, Colorado (2010) Alice Springs Airport, Australia (2010) SDG&E San Diego (2010) BECC, Juarez, Mexico (2010) Crete, Greece (2010) Contracted ADP Public Utility, Portugal (2010) Mesa Water, Mesa, Arizona (2010) Others Pending Public Announcement Slide 24
Victor Valley College 1 MW Victorville, CA; 7.2 DNI Competitive RFP 6 best and final proposals; beat best in class SiPV tracked, fixed tilt SiPV and thin film 122 arrays; 6 acres 2.5 million kwh/year 30% of colleges electricity demand Rapid Deployment March 2010 ground break May 2010 completion College Economic Analysis* Project cost $4.7M Estimated LCOE without incentives 8.5 /kwh Payback period: 5 years Largest CPV Plant in North America *College project primarily funded by low cost capital bonds; reported LCOE reflects the low cost of capital. Slide 25
Alice Springs Airport, Australia Alice Springs, Australia: 7.2 DNI Competitive RFP Beat best-in-class thin film and best in class SiPV Selected based on price and iconic technology 28 Arrays for 235kW 30% of Airports Energy Demand Rapid Deployment Ground breaking late May 2010 Completion estimated July 2010 Note: Image of projected deployment. Slide 26
Discussion and Q&A Phil Metz Director of Business Development Phil_Metz@SolFocus.com (408) 821-8059 Mobile Slide 27