Slide 1: Mildura Presentation March 2011
For personal use only Mildura Presentation March 2011 © Silex Systems Limited 2011
Slide 2: Presentation Outline
Contents P2 Presentation Outline For personal use only 1 Corporate Overview 1. 2. Global Solar Power Opportunity 3. Solar Systems Utility Scale PV 4. Bridgewater Test Facility Update 5. Mildura Project Update
Slide 3: Forward Looking Statements
Contents P3 For personal use only Forward Looking Statements Silex is a research and development Company whose assets include its proprietary rights in technologies, including but not limited to, the SILEX technology, the Silex Solar technology and business, the Solar Systems technology and business
Slide 4: Disclaimer
Contents P4 For personal use only Disclaimer Silex Systems Ltd (Silex) has prepared this presentation based on information available to it. The information in this presentation does not purport to be a complete description of Silex and/or its various business activities. Except as required by law, n
Slide 5: Silex Systems Limited - Corporate Overview
For personal use only Our Mission: To be a global leader in advanced technology solutions for nuclear fuel and solar power Section 1 Silex Systems Limited - Corporate Overview © Silex Systems Limited 2011
Slide 6: Silex Systems Corporate Overview
Section 1 P6 For personal use only Silex Systems Corporate Overview • Silex Systems founded in 1988, based in Sydney, Australia • Silex listed on Australian Stock Exchange in 1998 (ASX:SLX) • Market capitalisation currently ~ $800 million • Recently completed $109 million capital raising – well fund
Slide 7: Silex Corporate Structure
Section 1 P7 For personal use only Silex Corporate Structure Silex Systems Ltd ASX: SLX HQ: Sydney, Australia The SILEX Uranium Technology www.silex.com.au Silex Solar Pty Ltd Solar Systems Pty Ltd Translucent Inc Chronologic Pty Ltd Sydney Melbourne Palo Alto, USA Adelaide PV panel business Utility
Slide 8: Solar Photovoltaic Technology and Opportunity
For personal use only Section 2 Solar Photovoltaic Technology and Opportunity pp y © Silex Systems Limited 2011
Slide 9: Huge Potential for Solar Energy
Section 2 P9 For personal use only Huge Potential for Solar Energy Expected to Ramp Significantly Driven by 4 Key Growth Factors (GW) Expected Annual Global Solar Demand (2) • Concerns regarding energy security • Rising price of conventional energy sources • Tightening regulations to limit fossil-fu
Slide 10: The Global Solar Opportunity
Section 2 P10 For personal use only The Global Solar Opportunity • A new era has dawned for solar power - driven by energy policies addressing climate change • Solar power is the perfect match for highest peak demand on electricity grids • The cost of solar power is rapidly declining - solar power i
Slide 11: Huge Global Potential for CPV Solar Power
Section 2 P11 For personal use only Huge Global Potential for CPV Solar Power • Vast regions with high quality solar insolation (in red colors) for CPV; USA, North and South Africa, Australia, South America (Chile) and Middle East. • Ideally situated for large-scale electricity generation.
Slide 12: The Victorian Solar Resource
Section 2 P12 The Victorian Solar Resource For personal use only
Slide 13: Solar Systems Utility Scale PV
For personal use only Section 3 Solar Systems Utility Scale PV Dense Array CPV Solar © Silex Systems Limited 2011
Slide 14: Solar Systems Overview
Section 3 P14 For personal use only Solar Systems Overview • Solar Systems Pty Ltd is a wholly owned subsidiary of Silex Systems. • Solar Systems has been developing world-leading Concentrating Photovoltaic (CPV) technology for 20 years in Melbourne, Australia • Solar Systems CPV technology based on
Slide 15: Solar Systems Unique Dense Array Architecture
Section 3 P15 For personal use only Solar Systems Unique Dense Array Architecture 140m2 0.24m2 36cm2
Slide 16: Solar Systems Modular Approach
Section 3 P16 For personal use only Solar Systems Modular Approach PV “Module” “M d l ” PV “Receiver” “R i ” CS500 dish (6cm x 6cm) (0.25 m2) Module and Receiver manufactured in Abbotsford, Melbourne System assembled on site
Slide 17: System Functionality
Section 3 P17 For personal use only System Functionality Grid Interconnect Inverter Dish PV System • Sunlight is focused on the receiver (1) and the solar cells generate direct current via the photo-voltaic (PV) process. • DC electricity is ‘converted’ converted into AC and fed into the power transm
Slide 18: Dense Array Module Overview
Section 3 P18 For personal use only Dense Array Module Overview Highest Efficiency Solar Cells • Conversion Efficiency ~40% • Cell development roadmap to >50% Dense Array Cell Packing • Maximizes output • Minimizes BoS materials needed to package cells Active Cooling • Maximizes electricity producti
Slide 19: Automated Module Assembly Line
Section 3 P19 For personal use only Automated Module Assembly Line • Installed in 2009 – currently being commissioned • Sized Si d ffor 500 MW/year MW/ production d ti capacity it • 400 m2 Class 10k Clean Room facility • Leading capabilities in: > High speed and precision die bonding > Vacuum flux-l
Slide 20: Key Advantages of Dense Array CPV Technology
Section 3 P20 For personal use only Key Advantages of ‘Dense Dense Array’ CPV Technology • Based on ultra-high efficiency triple junction cells • Low L U Upgrade d CCostt ((now ~40% 40% cells, ll ffuture t ~50+%) 50 %) • Low Maintenance Solution • Lower PV Cell Operating Temperature for Dense Array
Slide 21: CS500 Dish System
Section 3 P21 For personal use only CS500 5 Dish System CS500-5 System-First First Product 40kW(DC) CPV Dish System • First Product – to market in 2011 • Based on unique dense array receiver concept • High accuracy, dual axis, tracking system • High average output throughout the day • Designed to IE
Slide 22: Power Tower Heliostat Design for CPV
Section 3 P22 For personal use only ‘Power Power Tower’ Tower Heliostat Design for CPV Next Generation for CPV Solar Systems • Proof of Concept p completed p 2008 – development p incomplete (another ~ 5 yrs) • Utilizes core Dense Array module building block used in Dish systems • Operational pilot s
Slide 23: Solar Systems CPV Solar Plant Operating Experience
Section 3 P23 Solar Systems CPV Solar Plant For personal use only Operating Experience 10+ Years Operations with 5 CPV Installations CPV Dish Solar Power Facilities: • 5 power plants installed in central Australia • Triple Junction Cell introduced 2005 – 2x efficiency of silicon cells ((>4x Thin Fil
Slide 24: Key Milestones for Solar Systems
Section 3 P24 For personal use only Key Milestones for Solar Systems
Slide 25: Bridgewater Test Facility Update
For personal use only Section 4 Bridgewater Test Facility Update © Silex Systems Limited 2011
Slide 26: Progress At Bridgewater Test Facility
Section 4 P26 For personal use only Progress At Bridgewater Test Facility • 12 Mini-Dishes for testing purposes installed (concentration up to 1,000 suns) • Foundation and trenching completed for 500kW upgrade • 16 Mark V dishes under construction completion expected Q3 2011 • Grid-connection of ~
Slide 27: Report Bridgewater Test Facility Status March 2011
Section 4 P27 For personal use only Report Bridgewater Test Facility Status March 2011 Bird’s Eye View of the Bridgewater Test Facility
Slide 28: Mildura CPV Project Progress Report
For personal use only Section 5 Mildura CPV Project P Progress Report R © Silex Systems Limited 2011
Slide 29: Mildura Project Update – Outline
Section 5 P29 Mildura Project Update – Outline For personal use only • Project announced in October 2006 • Not to be confused with the TruEnergy Victorian Flagship bid! • Up to 154MW generating capacity – to be developed in 3 stages Stage 1: 2MW Pilot Demonstration Facility Stage St 2 2: 102MW S
Slide 30: Mildura Project Update Provisional Timeline
Section 5 Pg30 Mildura Project Update For personal use only Provisional Timeline 1. Technology Commercialisation Program (current) Target completion date (Calendar Year) Q3 2011 – Funding contributions of $5 M (Vic Gov’t) and $1.9 M (Fed Gov’t – includes Stage 1 contribution) 2 Mildura 2. Mild Sta
Slide 31: Progress Report Stage 1 (2MWDC) in Mildura
Section 5 P31 For personal use only Progress Report Stage 1 (2MWDC) in Mildura • Development Agreement available, Geo-Tech and Flora & Fauna study completed. • Land subdivision and old water channel easement approved. • Environmental Management Plan (EMP) and Cultural Heritage Management Plan (CHMP)
Slide 32: Plan for Stage 1 (2MWDC) in Mildura
Section 5 P32 For personal use only Plan for Stage 1 (2MWDC) in Mildura
Slide 33: Proposed Point of Connection for Stage 1 (2MWDC)
Section 5 P33 For personal use only Proposed Point of Connection for Stage 1 (2MWDC)
Slide 34: Construction activities CPV Dish Facility Works – NT
Section 5 P34 For personal use only Construction activities CPV Dish Facility Works – NT Construction of Mark IV Dish Systems in N.T
Slide 35: Construction activities - Mark IV Dish Systems - NT
Section 5 P35 Construction activities - Mark IV Dish Systems - NT For personal use only
Slide 36: Artist Impression of Stage 1 - Mildura
Section 5 P36 For personal use only Artist Impression of Stage 1 - Mildura
Slide 37: Outlook Mildura Project Development (Stage 2)
Section 5 P37 For personal use only Outlook Mildura Project Development (Stage 2) Stage 2: 100MWDC CPV CS500 (or upgrade) dish or Heliostat Receiver deployment. 2012 – 2014: Planning and Preparation Phase • Final design for modular CPV power arrays for deployment for deployment in Stage 2. • Evaluat
Slide 38: Outlook Mildura Project Development (Stage 2)
Section 5 P38 For personal use only Outlook Mildura Project Development (Stage 2) 2013 - 2015: Construction Phase Artist’s Impression – 100MW Mildura CPV Solar Power Station
Slide 39: Thank You
For personal use only Thank You Presentation by Silex Systems Ltd Dr. Michael Goldsworthy, CEO Silex Systems Ltd March 18, 2011 Lunch Event, Trentham Winery © Silex Systems Limited 2011