Solar Power Made in Sweden June 17, 2014 Frodeparken i Uppsala 99 kW / 780 m2 Source: Energibanken AB CIGS tunnfilm © 2014 Cleanergy AB. All rights reserved. 2 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 3 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 4 18/06/2014 Source: Energibanken AB Skola i Västerås SOLRIF – integration i taket © 2014 Cleanergy AB. All rights reserved. 5 18/06/2014 Source: Energibanken AB KTH i Stockholm © 2014 Cleanergy AB. All rights reserved. 6 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 7 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 8 18/06/2014 Source: Energibanken AB Bostadsrättsförening i Sundsvall © 2014 Cleanergy AB. All rights reserved. 9 18/06/2014 Source: Energibanken AB Bostadsrättsförening i Uppsala © 2014 Cleanergy AB. All rights reserved. 10 18/06/2014 Source: Energibanken AB Stockholms hamnar, 200 kW © 2014 Cleanergy AB. All rights reserved. 11 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 12 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 13 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 14 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 15 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 16 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 17 18/06/2014 Source: Energibanken AB Sollefteå sjukhus © 2014 Cleanergy AB. All rights reserved. 18 18/06/2014 Source: Energibanken AB Bussterminal i Gubbängen, Stockholm © 2014 Cleanergy AB. All rights reserved. 19 18/06/2014 Source: Energibanken AB Bussterminal i Gubbängen, Stockholm © 2014 Cleanergy AB. All rights reserved. 20 18/06/2014 Source: Energibanken AB Fullriggaren i Gävle © 2014 Cleanergy AB. All rights reserved. 21 18/06/2014 Source: Energibanken AB Fullriggaren i Gävle (contd.) © 2014 Cleanergy AB. All rights reserved. 22 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 23 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 24 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 25 18/06/2014 Mälar Energi, Västerås, 1 MW © 2014 Cleanergy AB. All rights reserved. 26 18/06/2014 © 2014 Cleanergy AB. All rights reserved. 27 18/06/2014 COST & ENERGY EFFICIENT PV INVERTERS Panel level electronics Safer systems More energy Easy installation Lower cost Next-generation PV Inverters • Solar PV inverters convert DC (from panels) into AC (for the power grid) Optistring PV inverters: 1. Take a game changing, cost efficient, distributed (panel level) approach 2. Are high efficiency, safety-compliant and cost ½ to ¼ of competitors’ alternatives 3. Enable positive business model change for large panel manufacturers 4. Fits the market trend (rooftop, safety …) and panel manufacturers’ downstream push 5. Will drive module level electronics penetration beyond current projections Optistring status: • Joint development with a major global panel manufacturer • Finalising contract manufacturing partners • Pilot installations TAMAnually of installed 4GW or 640M€ (2016) capacity & Optimizer power share 60 8,00% GW Historical 7,00% Forecasted 50 Optimizer power share 6,00% 40 5,00% 30 4,00% Optistring history & team: • Founded late-2011 • Based on / spin-off from KTH Power Electronics research • 8 employees + 4 master students • 2 Angel Investors / Board Members; exit experience (Dialog Semiconductor, TranSiC) 3,00% 20 2,00% 10 1,00% 0 2009 2010 2011 2012 2013 2014 2015 0,00% 2016 A little ink, a lot more energy! Source: http://www.baldhiker.com All Rights Reserved: 18-Jun-14 30 Cost leadership by material efficiency! 1 Aerotaxy® Process Facility Process 2 3 Solink® Nanowires Deposition & Integration Solution Solink™ Deposited Wires or Film Solink™ Coated Thin Film PV, (~10% Market share) Silicon PV, (~90% Market share) Solar Light Spectrum Solar Light Spectrum • 16-20% Efficient • Captures higher energy light (blue) Single Jct. Solar Cell Substrate • 16-20% Efficient • Captures higher energy light (blue) GaAs ~18% efficiency • 5-7% Efficient • Captures remaining low energy (red) light Stacked Solar Cell All Rights Reserved: 18-Jun-14 GaAs c-Si >25% efficiency 31 A Bright Future for Sol Voltaics! 30 Employees - From all over the world 2014 2008 •Production equipment developed •Business Partners 2015 •Pilot Production •Lead customer 2016 •Full Scale Production •18% thin film module •+5% Si module Sol Voltaics IP portfolio • 23 Patent families • 54 Granted patents • 62 Pending applications • 1-2 New filings/quarter All Rights Reserved: 18-Jun-14 32 Production of photovoltaic solar cells at a reduced cost Purpose: Decrease manufacturing cost and increase productivity. Contact: JB EcoTech Karins Allé 2 SE-181 45 Lidingö SWEDEN . Phone :+46 704 333 217 E-mail: info@jbecotech.se All Rights Reserved: 18-Jun-14 33 Todays solution The solar cells are soldered together to strings. This is usually done in a Tabber/Stringer (automated solder machine). Contact: JB EcoTech Karins Allé 2 SE-181 45 Lidingö SWEDEN Phone :+46 704 333 217 E-mail: info@jbecotech.se Comparison – cells Silver grid playing a big part of total cell cost (~15% of total cell cost). Tape solution. No bus bars needed which saves approx. -40% Silver when using 2 bus bars -50% Silver when using 3 bus bars. Contact: JB EcoTech Karins Allé 2 SE-181 45 Lidingö SWEDEN Phone :+46 704 333 217 E-mail: info@jbecotech.se Standard solution. Comparison – machinery Tape solution: solder all cells at ones instead of one at a time. Tape solution. Approx. 3600 cells / h. Placing cells. Tabber / Stringer solution. Approx. 2400 cells / h. Placing prepared EVA. Lay-up station. Soldering of cells (Tabber/stringer). Placing prepared EVA. Soldering of cells (Tabber/stringer). Comparison – PCB soldering. Solder all components at once, instead of one at a time. Placing components. Contact: JB EcoTech Karins Allé 2 SE-181 45 Lidingö SWEDEN Phone :+46 704 333 217 E-mail: info@jbecotech.se Solder all at once in oven. Solutions for Solar Parks High system efficiency yielding the most energy efficient approach to converting solar power into electricity Cleanergy's Stirling CSP system produces electricity below grid-parity cost levels given initial 200MW sales volume Mounted to reflective parabolic dishes which tracks the sun from morning to evening providing high and sustained power production Offering maximum solar power extraction per square meter compared with traditional CSP systems, 100% clean energy is produced at peak efficiency from sunrise to sunset Cleanergy has developed pioneering and proprietary system and park software optimizing system performance Technology repeatedly verified by several independent authorities © 2014 Cleanergy AB. All rights reserved. 38 Oversizing and tracking yields extended peak power production Performance data from already installed commercial demo park confirms high and sustained power production with extended peak power production At low levels of solar insolation Output Power at or above the Peak Power rating (Tot. time approx. 5h) At higher levels of solar insolation Cleanegy actual performance (Ordos) Observed DNI Ordos Already at DNI of 830 W/m2, Cleanergy’s Stirling engine is producing at its peak power rating of 10 kW The oversized dish in combination with system improvements explain the improved system performance Continous monitoring of park performance gauges power production Output Power at or above the Peak Power rating (Tot. time >7h) Cleanergy’s Stirling CSP system power output is currently capped at 11kW Observations conclude that on a cloud free day with a DNI of >900 W/m2, the system outperforms its Peak Power Rating by 10 % Production at or above Peak Power Rating is achieved in excess of 7 hours from the system tracking the sun from morning to evening Source: Cleanergy performance data from Ordos commercial demonstration unit © 2014 Cleanergy AB. All rights reserved. 39 Industrial production capacity Cleanergy acquired the former manufacturing plant of Volvo Cars in western Sweden Industrial capacity is hereby matched for increasing demand. The assembly plant, situated in the world-class Northern European automotive cluster of western Sweden, provides ideal conditions for collaboration with advanced component suppliers at close geographic proximity Access to highly skilled employees Using state-of-the-art manufacturing techniques and material technology, the current industrial production capacity allows the company to quickly adapt to increasing demand Current production capacity amounts to 22,500 units per year (~300 MW) which can be extended even further at low cost © 2014 Cleanergy AB. All rights reserved. 40 Further Reading – epia.org, itrpv.net, iea-pvps.org, eupvplatform.org STIRLING REVOLUTIONS WWW.CLEANERGY.COM Andrew Machirant andrew.Machirant@cleanergy.com +46 706 43 46 00