Solar Cogeneration for Commercial Rooftops Arun Gupta, PhD agupta@skyentechnologies.com Introduction What is Solar Cogeneration? Fun fact: Typical photovoltaic (PV) solar panels waste roughly 85% of their energy as heat Q: Why not capture that heat and use it to heat water? What is Concentrating Solar? Using mirrors or lenses to concentrate sunlight Why? Less PV material, higher thermal efficiency Applications For Solar Cogen Commercial & industrial buildings with significant hot water needs Universities, Apartments, & Hotels Food Processing Industrial Washing Desalination Commercial Cooling & Heating Hospitals Solar Cogen w/o Concentration Bond a standard solar panel on top of a solar water heater Problem: really low thermal efficiency Is it worth the plumbing costs? Challenge of Concentrating Solar Tracking increases cost, reduces reliability Need strong rigid supports Big motors Exposed to elements Wind, dust, moisture Curved mirrors Optics are expensive Large curved mirrors Fresnel lenses Big Motor Strong Supports A Unique Solution Proprietary error-tolerant internal tracking system No heavy steel supports -- just integrated aluminum racking No large motors with questionable reliability Tracking and optics protected from the elements Proprietary optics reduce cost No Fresnel lenses or curved mirrors Manufactured with small quantities of low cost materials Generates more electricity than any other system Superiority of High Concentration Skyven uses triple junction III-V PV cells that are… 500x more expensive per cm2 than silicon solar cells But they produce power with… 2x higher efficiency 800x solar concentration That’s 1600x more power production at 500x the cost, or a 3.2x cost advantage Concentration vs Tracking Cost None 10 1000 100 CONCENTRATION TRACKING & OPTICS COST None $ (1 axis) $$ (2 axis) $$$ (ultra precision) Skyven has no external tracking and injection molded optics The Skyven Cogen System Rows of stationary mirror panels reflect and concentrate sunlight onto the back of the previous row The Skyven Cogen System Wind deflector Small lightweight mirrors move in two axes to track the sun Co-installed with traditional PV panels Protected by stationary aluminum frame & glass window Solar receiver optics Water heating pipe CPV cells (hidden) Max Rooftop Power Density How much power output can each solar product get from a 1500m2 rooftop area? Skyven Cogen 207kW peak electrical 230kW peak thermal 437kW peak total Traditional PV Alone 150kW peak electrical Solar Hot Water 270kW peak thermal Avg. in US for water hot enough for thermal storage Installed Cost on Electricity Based on electricity from a 1500m2 system, ignoring hot water Skyven Modules Racking Inverters & eBOS Labor Misc & Soft Costs Total Per Watt $255k incl. w/ modules $60k $40k $129k $484k $2.34/W Cost data from GTM Research and NREL Traditional PV $105k $42k $60k $40k $129k $376k $2.50/W Installed Cost on Hot Water Based on system from 1500m2 rooftop Additional costs over those in the electrical cost analysis Collectors Racking Other Hardware† Labor Soft Costs Total Per Watt Skyven --$92k $75k -$167k $0.73/W †Heat exchanger, pump, valves, sensors, storage tank, piping, insulation Solar Hot Water $270k $45k $120k $225k $180k $840k $3.11/W Cost data from NREL, SunMaxx, and Heliodyne Water Heating Cost Comparison LCOE ($/MMBTU) 40 30 20 10 0 Skyven CapEx ($/Wt) $0.73 Power|Fuel -LCOE†/MMBTU $11.13 Solar Hot Water $3.11 -$25.78 Traditional Heat Pump Natural Gas Electric -$0.40 -$0.10/kWh $0.10/kWh $8.13/MMBTU $41.90 $14.94 $11.72 †Levelized Cost of Energy (LCOE) of 80°C heat over 25 year lifetime with 3% inflation Electricity and natural gas cost data from US EIA (US national avg. in 2012 in commercial sector) High Efficiency Thermal Efficiency @ 80°C 50 20 40 Data from factory datasheets Cogenra Cogenra 0 First Solar CdTe 0 Yingli mc-Si 10 Sunpower sc-Si 5 SunDrum 20 Evac'd Tube 10 30 Flat Plate 15 Skyven % efficient 25 Skyven % efficient PV Efficiency Data from SRCC at 80C above ambient (hot enough for thermal storage) Ultra-low Wear & Tear Stepper Motors Brushless: Moving parts never touch so immune to wear & tear Plastic Gears & Bearings Commonly rated for 5000+ hours of movement Skyven mirrors move for 0.05s once every 5s, or 1% of the time 5000 hours / 1% = 500k hours = 58 year lifetime 50+ Year Proven Lifetime in the Field Factory automation, industrial machinery Aerospace, automotive, and telecom Ford Shelby Mustang Throttle Body Inexpensive Materials That Last Mirrors: talc and carbon black filled polypropylene Used in industrial piping Reflective surface: 3M Solar Mirror Film Used in utility scale CSP Challenges on the Rooftop Must be light enough for the roof to support Must have low height to avoid eyesores Must have straightforward and easy installation Light Weight System Weight Solar Water Heater Roof attach only Chromasun MCT Roof attach only Ultra light PV Ballast with roof attach option Skyven Ballast with roof attach option 0 Ballast Weight 1 2 3 LBS / SQ FT 4 5 Ease of Installation Integrated racking unfolds like legs of a table. Receivers slide in like a drawer Wind deflectors snap into place like a tent cover. Wires plug together and pipes screw together Benefit Summary Revolutionary system design Ultra low cost Combined heat & power High efficiency Moving parts protected High reliability Lightweight panel Rooftop friendly Integrated racking & plumbing Installer friendly Prototype & Technical Validation Successful electric and thermal harvesting Achieves temperatures above 420°C Gen1 Prototype, completed Nov. 2013 “The detailed technical and economic calculations suggest that this project can be successful for flat commercial rooftops” “This project can have a huge impact in reducing the energy consumption of new and existing buildings” – The US Dept. of Energy, Office of Science May 2013 Thank you! Questions? Backup Slides Industry Landscape Water Heating Electric Power The Grid Gas CHP Solar CHP Traditional PV Natural gas or electric water heaters, water heat pumps Solar Water Heating Building Efficiency Upgrades Clean Technology Solar CHP Competitors Cogenra Chromasun Sundrum / Solimpeks Skyven Height above rooftop 6 ft 5 ft < 3 ft 3 ft Heat to electricity ratio 3:1 ∞ 2:1 1:1 External motors reliability risk External Internal None Internal No PV $1.50/W None Ease of installation Extra cost over a PV installation† †How much would it cost above a standard PV installation with equivalent electric output? INDUSTRIAL COMMERCIAL Market Size TAM: 300GW solar power potential c on commercial rooftops in the US, 800GW globally TAM: 3200GWth of low temp (<120C) solar hot water capacity globally by 2050 for industrial process heat. Global Market Size Commercial: $120 billion Industrial: $1.7 trillion Data from NREL, McKinsey, DOE Office of Building Equipment, and IEA SAM: 15% need hot water SAM: 100% need electricity Go to Market Strategy Target direct sales to colleges and universities Hungry for green image portrayed by renewables Larger risk profile for innovative technologies Have regular renovations and areas with hot water need Example of initial traction Eastfield College in Dallas, TX is ready for a pilot installation We have already surveyed a rooftop site and established how the system will interface with existing building systems Scale-Up Strategy Top-tier new construction and renovation companies General Contractors and Architects Building Efficiency Companies Solar EPCs (engineering, procurement, construction) Example of initial traction The Whiting-Turner Contracting Company (#106 on Forbes’ largest private company list) Manufacturing Strategy Key design requirement: System must be entirely manufacturable with standard equipment Strategy: Contract manufacture, assemble, and ship Benefits: Minimizes up-front capital requirements Allows for supply-chain competition In early discussion with manufacturing consulting firm with over 200 years of combined experience Standard injection-molding machine available globally Founding Team Arun Gupta, PhD Founder & CEO Expert in electrical/mechanical/optical system design. Used this expertise to found a business that has raised over $30M and is expected to generate $100M+ revenue in 2015. Alvin Hathaway Jr., JD, MBA Business Operations & Intellectual Property Expert in supply chain management and licensed IP attorney. Experience includes managing a complex international supply chain for a $400M+ business. Advisors & Partners Bryan Russett Solar Industry Advisor Broad experience in the solar industry from Schneider Electric, Solar Design Associates, and several start ups. Includes design and installation of PV systems from 2kW to 10MW. Michael Moussa Mechanical Engineering Consultant Mechanical design and manufacturing expertise for extreme reliability parts used in bridges. Owns a rapid prototyping company. $ millions Revenue Forecast 900 800 700 600 500 400 300 200 100 0 2014 2015 2016 2017 2018 2019 2020 Product Launch Break Even Early adoption Main stream adoption Development Plan & Funding Needs Development Milestone Completion Funding Date Required 1st gen prototype generates real-world power & heat Nov 2013 -- Integrate system electronics Mar 2014 $300k Complete final design for racking and frame May 2014 Long-term outdoor performance prototype ready for test Aug 2014 3rd party validation of long-term outdoor performance Mar 2015 System is ready for production Mar 2015 Safety certifications obtained. Initial orders placed. Sep 2015 Production begins Oct 2015 $2M * Funding will support employee wages, material costs, and 3rd party laboratory fees Status Summary (Dec 2013) Completed: Fully functional prototype Full patent filed Currently seeking: Series A funding to manufacture product Strategic partners First gen prototype panel Future milestones: 2nd gen form-fit-function prototype: expected mid 2014 Manufacturing-ready by mid 2015 Risk Reduction Just as Tesla adapted laptop batteries to power cars Skyven is adapting projector technology for solar energy Projector Technology Projector DLP Chip Skyven Mirror Panel Light Source Optics Triple Junction PV Cell Skyven’s optics work similar to a projector running backwards. Commercial HVAC Decision Tree From DOE Office of Building Equipment High Reliability Materials That Last Slow Moving Internal Parts High Reliability PV Cells and Motors Adapted from Space Technology All parts sealed in glass / aluminum enclosure Green Buildings at the Right Cost Rooftop systems technology that combines solar power with solar water heating Drastic reduction in levelized cost Water heating: Lower than any other method, including burning natural gas Power: Matches the best that PV has to offer Extreme Efficiency Cost Savings Our System Rows of flat, south-facing panels tilted at 45° Each panel contains hundreds of coaster-sized flat mirrors Mirrors track the sun in two axes, reflecting sunlight into receivers mounted on the back of the preceding row All moving parts protected inside a glass and aluminum panel housing. Panels themselves are stationary. Receivers Panel Racking & Wind Deflector