Nuts and Bolts of Technology: Closer Look at Utility-Scale Solar Power January 26, 2011 1 Proprietary & Confidential © 2007-2011 BrightSource Energy, Inc. All rights reserved. BSE Overview Proven, Environmentally-Responsible Technology: Successful Pilot and Demonstration Projects: Highest temperature and pressure solar steam SEDC Pilot generating ~100% of modeled energy at Dry-cooling reduces water use ~97% availability; exceeded 6MW design point by ~20% Chevron Demonstration Solar-to-Steam for Enhanced Oil Environmentally-friendly design Recovery (EOR) nearly complete (solar field 95% erected, tower erection complete; boiler erection in process, SFINCS control system onsite) World Class Team: Includes the key senior managers of Luz Int’l., which designed & built over 350 MW of solar thermal plants in the 1980’s Robust Commercial Pipeline & Project Dev.: Project development team with over 20GW power 2.6GWs of signed PPAs with PG&E and SCE projects developed, constructed, and managed Ivanpah ~400MW Electric for PG&E and SCE Bechtel as EPC and Investor Siemens Turbine/Riley Boiler $1.37B DOE loan guarantee ITC cash grant eligible NRG Energy lead project investor Shortlisted for a project in Israel Selected and approved for a project in Crete 2 Proprietary & Confidential © 2007-2011 BrightSource Energy, Inc. All rights reserved. Luz Power Tower (LPT 550) Technology Boiler steam water Heliostats Power Block 3 Proprietary & Confidential © 2007-2011 BrightSource Energy, Inc. All rights reserved. LPT: Technology to Meet Evolving Performance Needs Solar Capture: Flexible Field & Fine Control Thermal energy is delivered at the precise times and quantities needed in each season through: • Optimized Solar Field Layout • Fine Control of Tens of Thousands of Heliostats 4 Thermal Energy: Multiple Modes Inexpensive, highperformance thermal storage High-Performance Versatile Turbine State-of-the-art turbine efficiently provides multiple products: • High quantities of energy (& RPS) Hightemperature, high-pressure steam Flexible, highquality steam + High-performance conventional turbine = • Reliability services Natural gas augmentation RPS and Reliability (RA, frequency & voltage support, reactive power, spin, ramping, AGC) Dispatchable, Shaped Output + Grid Support / Reliability Services + Maximum RPS (w/o tradeoffs) Proprietary & Confidential © 2007-2011 BrightSource Energy, Inc. All rights reserved. Low-impact Design : Fitting the Natural Environment Plant Design: Maximizes retention of existing vegetation, land contours & natural features Solar field does not require concrete foundations, and grading and leveling is extremely limited • Mirrors on pylons placed directly in the ground to fit natural contours of area, without need for foundations • Vegetation in the solar field will co-exist below the mirrors, trimmed so mirrors can track the sun • Soils and vegetation disturbed during construction and operation will be restored 5 Proprietary & Confidential © 2007-2011 BrightSource Energy, Inc. All rights reserved. Low Impact Design – Limited Water Use Water Use: Dry-cooling, Conservation & Closed-loop recycling Uses air instead of water to condense steam 95% less water use when compared to CSP using traditional wet-cooling Uses 25 times less water than competing trough technologies Uses less than 100 acre feet per year; equal to 300 homes worth of water Closed-loop steam cycle & conservation measures further reduce usage Efficiency trade-off: Additional costs incurred by using dry-cooling are merited by environmental benefits 6 Proprietary & Confidential © 2007-2011 BrightSource Energy, Inc. All rights reserved. Wet CSP/Conventional Cooling vs. Dry CSP Cooling 0.90 0.85 0.80 0.72 Gallons/KWh 0.70 0.60 0.5 0.50 0.40 0.30 0.19 0.20 0.10 0.03 0.00 Trough Wet Cooling* Nuclear^ Coal^ Combined Cycle Gas^ Tower Dry Cooling* *Source: California Energy Commission ^Source: Nuclear, Coal and Combined Cycle numbers from World Economic Forum report - Thirsty Energy: Water and Energy in the 21st Century 7 Proprietary & Confidential © 2007-2011 BrightSource Energy, Inc. All rights reserved. 8 1999 Harrison St., Ste 2150 Suite 2150 Oakland, CA 94612 Proprietary & Confidential © 2007-2011 BrightSource Energy, Inc. All rights reserved. www.brightsourceenergy.com