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NYDOCS1 - #771442v40 /1 Growth of Distributed Solar Power Iga Hallberg - Vice President Business Development
| Date post: | 14-Jun-2015 |
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NYDOCS1 - #771442v40 /1
Growth of Distributed Solar Power
Iga Hallberg - Vice President Business Development
Growth of Distributed Solar Power
Iga Hallberg - Vice President Business Development
Energy Generation and the Terawatt (TW) Challenge• Humanity uses 12 TW of power today
– 1 TW = 1,000 GW (Gigawatts)
• World will need 15 TW by 2012• Only 5 known sources of energy are available on a TW scale*
– Fossil fuels: Coal, oil, gas– Nuclear fuels– Solar
• Only inherently distributed solution• No fuel cost
*Prof. Nathan Lewis,
http://nsl.caltech.edu/
Sun – Our Free Fuel!The earth receives more energy from the sun in just over one hour than the world uses in an entire year
Global solar resources
4
Northern Suburb of Tokyo
Global Solar Demand
Source: Jeffries International, 2010
Policy Driven DemandMW
PV and Renewable Incentives
8
Source: Christopher O’Brien of Sharp Solar at EESI climate change meeting 2005
Example of successful long term solar incentives
Growing Competitiveness of Solar
Source: McKinsey.(1) kWh = kilowatt hour; kWp = kilowatt peak; TWh = terawatt hour; Wp = watt peak; the annual solar yield is the amount of electricity
generated by a south-facing 1 kW peak-rated module in 1 year, or the equivalent number of hours that the module operates at peak rating.(2) Tier 4 and 5 are names of regulated forms of electricity generation and usage.(3) Unsubsidized cost to end users of solar energy equals cost of conventional electricity.
Annual solar energy yield (kWh/kWp(1))
Grid Parity as of(3)
Today
Size of electricity market TWh a year(1)
Av
era
ge
po
we
r p
ric
e p
er
ho
us
eh
old
($
/kW
h(1
) )
1,000 1,500 2,000500
$0.3
$0.2
$0.1
$0.0
Co
st
pe
r w
att
at
pe
ak
ho
urs
($
/Wp
(1) )
China
India
Greece
Texas
Australia
SpainNew YorkFranceFinland
Japan
Germany
Sweden
Netherlands
Denmark
California Tier 4(2)
2020
California Tier 5(2)
Hawaii
Italy
California
$8.0
$6.0
$4.0
$2.0
Norway
United Kingdom
South Korea
In deregulated regions, fuel price depends on the marginal fuel
Marginal Fuel Type for Electricity Production
RMP
Source: Energy Velocity, NERC ES&D
Hydro
Coal
Natural Gas
Primary Fuel Type
Petro
Discussion
Prices of the fuel type that sets the marginal price of electricity most impact electricity price
Natural gas sets the price for electricity in the Northeast, California, and Texas
This coincides with the regions with the highest average electricity prices and regions with deregulated markets
Deregulated Regions
HelioVolt Introduction• Commercializing high-efficiency thin-film modules based on a
proprietary CIGS manufacturing process• Founded in 2001 in Austin TX
– Headquarters, Manufacturing and R&D (122,400 sqft)– 20 MW manufacturing capacity– Customer samples – Q1 2010; Certified product - Q3 2010– Production ramp Factory 1 during H1 2010– Production ramp Factory 2 during H1 2012
15
HelioVolt Confidential and Proprietary 16
Our Process vs. AlternativesOur Process
Glass In Module Out
GlassPreparation
FASST® CIGSProcess
ModuleFormation
Final Assembly& Test
Competitors’ CIGS Cell-Based Processes
Substrate In Module Out
SubstratePreparation
CIGSProcess
Contact & GridFormation Cell Cut & Sort Cell Stringing
Silicon Process
Polysilicon Ingot Wafer Solar Cell Solar Module
Final Assembly& Test
Source: Wall Street research.
Solar Product Availability• Crystalline Silicon ~ 18% conversion efficiency• Multi-crystalline Silicon ~ 14%
• Amorphous Silicon ~ 6-8%– Flexible and rigid
• Cadmium Telluride ~ 9-10%– First Solar capturing significant market share for
central power applications• CIS/CIGS ~10-12%
– New commercial availability entering the market in 2010
85% of current market
15% of current marketbut fastest growing segment
17
Final Assembly& Test
ModuleFormation
FASST® CIGSProcess
GlassPreparation
HelioVolt Module Production Process
Glass In
Module Out
Competitive Manufacturing Cost Potential is Key!
Source: Greentech Media and Prometheus Institute.
$1.2
6
$0.9
8
$0.8
9
$0.8
0
$61
$174
$100
$54$76
$105
$52
$65
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
2008E 2010E 2012E 2015E
Asia Multi-Si Euro Multi-Si Integ. Multi-Si Super Mono Si a-Si CdTe CIGS
Asia Poly($/kg)
Euro Poly($/kg)
20
Opportunities for a More Efficient Value Chain
Customer
Installer
Power Purchase Agreement
Financing
If buy power
LLC
Financing
If own system
Integrator/ System Designer
Future Integrated Products
Opportunity for Integration & System
Cost Reduction
Opportunity forPre-engineered
SolutionsPV Module
Mfgr
Mounting & Wiring
System Mfgr
Inverter Mfgr
Solar Systems Around the WorldUtility Scale Commercial Roof Top Systems
Google HQ - CaliforniaSolar farm - Germany
Austin City HallResidential roof - California
Building Integrated
Hong Kong Science Center
21
Atlantic City Convention Center, NJ2.3MW Largest rooftop solar PV project in North America
22
Example: Correlation between Daily PV Power Production and Energy Consumption of an Office Building in Spain
24h-Energy Profile
0:0
0
6:0
0
12:0
0
18:0
0
24:0
0
Ele
ctr
ica
l E
ne
rgy
[a
rb. u
nit
s]
Low Tariff Low TariffHigh Tariff
Electricity supplied by Utility
Fed-InEnergy
Solar Energy
Energy consumption of building
Electricity supplied by Utility
Source: RWE Energie AG and RSS GmbH
23
In Summary – Rapidly Growing Global Market• Tremendous cost reductions making solar energy more
affordable than ever• Grid parity in many markets• Financial services innovation and business models
developing – PPAs, PACE • Technological breakthroughs and system integration
continuing to drive low cost of solar energy – Key! - long term efficiency and reliability with exceptional
performance
NYDOCS1 - #771442v40 /26
World’s Highest Performance, Lowest Cost, & Most Versatile
Solar Power Platform
