Silex Systems Limited · ASX:SLX
Silex Systems — Victorian Energy Conference July 2010
41 slides from Silex Systems's conference presentation, Sep 30, 2010
Slide 1: Solar PV Technologies & Mildura Project Update
Silex For personal use only SYSTEMS LIMITED Silex Systems Solar PV Ltd Technologies & Solar Th The Mild PVSolar Mildura STechnologies l Project P j t Update U d t Victorian Vi t i July Energy E 2010 Conference C f Melbourne, 30 September 2010 Michael Goldsworthy – CEO
Slide 2: Forward Looking Statements
Forward Looking Statements For personal use only 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, Translucen
Slide 3: Disclaimer
Disclaimer For personal use only 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, no representation or warranty, ex
Slide 4: Presentation Outline
Presentation Outline For personal use only 1. Corporate p Overview and the Solar Opportunity pp y 2. Silex Solar Flat Panel Business • Overview of Operations • Technology Roadmap & Strategy • Market Outlook 3. Solar Systems Utility Scale PV • Background • ‘Dense Array’ CPV Technology • CPV Dish Prod
Slide 5: Our Mission – Solar Power
Our Mission – Solar Power For personal use only To be a g global leader in residential, commercial and utility scale solar energy solutions via our flat panel mono-silicon and proprietary ‘Dense A Array’ ’ concentrated t t d photovoltaic h t lt i systems t 5
Slide 6: Silex Corporate Structure
Silex Corporate Structure For personal use only Silex Systems Ltd ASX SLX ASX: 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 (100% ownership) (100% ownership
Slide 7: The Global Solar Opportunity
For personal use only The Global Solar Opportunity
Slide 8: Huge Potential for Solar Energy
Huge Potential for Solar Energy… For personal use only Expected to Ramp Significantly …Driven by 4 Key Growth Factors (GW) Expected Annual Global Solar Demand (2) 25.0 22.5 • Government incentives (e.g. ITC) • Concerns regarding energy 20.0 security 15.0 • Ri i Rising price i off conventional ti l 1
Slide 9: Untapped Abundant Solar Resource
Untapped Abundant Solar Resource For personal use only Direct Normal Solar Insolation Source: Meteonorm The solar energy resource in a 100-mile-square area of Nevada could supply the United States with all its electricity (about 800 gigawatts) using modestly efficient (10%) commercial PV modules, ac
Slide 10: The Australian Solar Resource
The Australian Solar Resource For personal use only
Slide 11: … and the Victorian Solar Resource
… and the Victorian Solar Resource For personal use only
Slide 12: The Global Solar Opportunity
The Global Solar Opportunity For personal use only • A new era has dawned for renewable energy. • Solar Power is becoming g mainstream. • Distributed PV (rooftop panels) market is well established and rapidly expanding as costs fall. • Commercial (medium scale) and utility (large scale) PV markets a
Slide 13: Silex Solar Pty Ltd – Mono-Silicon Flat Panel Business
For personal use only SECTION 2 SILEX SOLAR PTY LTD SYDNEY OLYMPIC PARK MANUFACTURING PLANT (100% subsidiary of Silex Systems) Mono-Silicon Mono Silicon Flat Panel Business 13
Slide 14: Silex Solar Overview
- Overview For personal use only • June 2009 - Silex Solar P/L acquired solar manufacturing facility at Sydney Olympic Park (SOP) from BP Solar • History of plant dates back to beginnings of Solar Industry in the 1980’s • Restored cell and panel manufacturing facility – operational late 2009. • Full
Slide 15: Silex Solar Overview
- Overview For personal use only • IEC product certification for first PV panels completed with TUV Rheinland (J (Japan) ) in i FFebruary b 2010 2010. • Commercial production commenced March 2010 at ~6 MW pa solar panels – currently uprating capacity to ~13MW pa panels • Initial production - optimis
Slide 16: Technology Roadmap (PV Panels)
- Technology Roadmap (PV Panels) For personal use only Stage Cell Technology Platform Target Efficiency - Indicative Time Volume Production to Market 1 Optimised conventional ≈ 17+% Mid 2010 mono-silicon processing 2 Advanced mono-silicon front ≈ 18+% Early 2011 contacts 3 Laser enhanced mono- ≈ 20+
Slide 17: Technology Roadmap (PV Panels)
- Technology Roadmap (PV Panels) For personal use only New PV Technology R&D Project Announced – May 2010: • Our mission is to be a world leader in high efficiency mono-silicon rooftop solar panel technology • Australian Solar Institute R&D Project (T t l funding (Total f di ~$20M) $20M) • Collabora
Slide 18: Flat Panel Market
- Flat Panel Market For personal use only Australian PV Market Outlook 2010 2015 2015 Conservative (2) Optimistic(3) Australian Market (1) ~ 200 MW ~ 600MW ~1000MW 1000MW Silex Solar ~ 12 MW ~ 120MW ~200MW Approx Market Share ~ 5% ~ 20% ~20% (1) Source – Solar Business Services – figures to +/- 20%
Slide 19: Solar Cell Process Lines in Operation
For personal use only Solar Cell Process Lines in Operation 19
Slide 20: Solar Cell AR Coating Line
For personal use only Solar Cell AR Coating Line 20
Slide 21: Solar Module Process Line (Laminator)
For personal use only S l Module Solar M d l Process P Line Li (Laminator) (L i t ) 21
Slide 22: End of the Line – a finished solar module
For personal use only End of the Line – a finished solar module 22
Slide 23: Solar Systems Pty Ltd – CPV Solar Power Technology
For personal use only S ti 3 Section Solar Systems Pty Ltd Concentrating Co ce t at g PV (C (CPV)) So Solar a Power o e Technology ec o ogy (100% subsidiary of Silex Systems) 23
Slide 24: Solar Systems Background
Solar Systems Background For personal use only • Solar Systems has been developing CPV technology for ~20 years in Melbourne, Australia. Acquired by Silex in early 2010. • CPV ideal for large utility-scale solar power station deployment (typically for projects of 50 MW to 100+MW each) • Solar System
Slide 25: Solar Systems Background
Solar Systems Background For personal use only Date Event 1990’s • Research & Development – Melbourne, Australia 2000 – 2006 • Australian Projects – 5 remote power stations installed 2006 – 2008 • Bridgewater & Mildura – Projects confirmed 2009 • Financial collapse & GFC (Administrators appointed) 2
Slide 26: Utility Solar Resource - Enormous But Dilute
Utility Solar Resource - Enormous But Dilute For personal use only • Solution 1: – Use veryy large g area energygy converter (eg. Thin Film) – Economically challenging – Poor efficiency alleviated by low costs • Solution 2: – Use large area but low cost ‘ ‘sunlight collector’’ – Use small ultra high
Slide 27: Solar Systems' Proprietary Architecture
Solar Systems’ Proprietary Architecture Completely p y Different to Other CPV Systems y For personal use only 27
Slide 28: Key Advantages of 'Dense Array' CPV Technology
Key Advantages of ‘Dense Array’ CPV Technology For personal use only Advantages of Dense Array Technology: • Based on ultra-high ultra high efficiency triple junction cells • Low Upgrade Cost (now ~40% cells, future ~50+%) • Low Maintenance Solution • Lower PV Cell Operating Temperature for Dense Ar
Slide 29: Solar Systems CPV Dish Technology
Solar Systems CPV Dish Technology – first product 15 Years Experience with 5 CPV Installations For personal use only DISH CONCENTRATOR TECHNOLOGY: • Original power plants based on Silicon Cells • 5 power plants installed in central Australia • 4 plants are diesel integrated • Triple Junction Cell in
Slide 30: Mark V CPV Dish System Product
Mark V CPV Dish System Product For personal use only 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 IEC Standards • Land requirement approx
Slide 31: Heliostat Design for CPV
Heliostat Design for CPV ‘Next Generation for CPV Solar Systems’ y For personal use only • Proof of Concept completed 2008 • Utilizes core Dense Array module building block used in Dish systems • Operational pilot system installed at Bridgewater test facility • Current design 160kW(DC) • Development
Slide 32: CPV Technology Roadmap
CPV Technology Roadmap Significant g Improvements p Ahead For personal use only Current Status Near Term Future Strategy 35% - 40% efficiency y 40-50% >50% Cells C ll 4 junctions 3 junctions 5+ junctions III-V metamorphic III-V Nano?, II-VI?,Q Hybrid wells?, mechanical Back contact stacks, monolithi
Slide 33: Key Milestones for Solar Systems
Key Milestones for Solar Systems For personal use only 2010 2011 2012 2014 Release CS500 Mk V 40% Module 42+% module 45+% module Technology Efficiency efficiency efficiency Demonstrate CPV Mk V to production Storage project R&D Storage project demonstration Configure 500MW Commission Ramp up module
Slide 34: Key Priorities of Solar Systems Business
KEY PRIORITIES OF SOLAR SYSTEMS BUSINESS For personal use only • Commercial deployment of Solar Systems CPV Technology (ultra-high efficiency utility utility-scale scale PV power platform) to commence in 2011 • Silex completing final areas of improvement and validation: – Module Reliability and Cert
Slide 35: Mildura Project Update – Outline
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 ¾ Stage 1: 2MW Pilot Demonstration Facility ¾ Stage 2: 102MW Solar Power Station
Slide 36: Mildura Project Update – Provisional Timeline
Mildura Project Update – Provisional Timeline For personal use only 1. Technology Commercialisation Program (current) ¾ Target completion date (Calendar Year) Q3 2011 – Funding contributions of $5 M (Vic Gov Gov’t) t) and $1.9 M (Fed Gov’t – includes Stage 1 contribution) 2. Mildura Stage 1: 2 MW Pi
Slide 37: Abbotsford CPV Module Assembly Plant
Abbotsford CPV Module Assembly Plant For personal use only 37
Slide 38: Aerial view of the Bridgewater Demonstration Facility
Aerial view of the Bridgewater Demonstration Facility For personal use only 38
Slide 39: Solar PV Power Station – Hermannsburg, N.T.
Solar PV Power Station – Hermannsburg, N.T. For personal use only 39
Slide 40: Summary
S u m m a r y For personal use only 1. Silex Solar aiming to become a key player in Australian residential, commercial and utility-scale utility scale PV markets. markets • Australian residential / commercial panel market expected to reach at least ~ 600+ MW p.a (~$2bn) in 2015. 2. Solar Systems aim
Slide 41: Silex Systems Limited – Thank you
Silex Systems Limited For personal use only Thank you 41
Silex Systems — Victorian Energy Conference July 2010 on 6ix