Silex Systems Limited · ASX:SLX
Silex Systems — Investor Presentation (July 2013)
30 slides from Silex Systems's investor presentation, Jul 17, 2013
Slide 1: Pioneering Concentrated Solar
Pioneering Concentrated Solar For personal use only CEO’s Presentation to Guests at Mildura 1.5MW Grand Opening Event 17th July 2013 Dr Michael Goldsworthy, CEO and Managing Director of Silex Systems Ltd (ASX: SLX) (OTCQX: SILXY), will today deliver the attached presentation to guests in attendance
Slide 2: About Silex
About Silex Silex Systems Limited (ASX: SLX) (OTCQX: SILXY) is a world leader in research, development and commercialisation of leading edge technologies in key strategic markets, including nuclear power, solar power, semiconductor materials and instrumentation. Silex is a member of the S&P/ASX 300
Slide 3: Silex Systems Limited Investor Presentation
For personal use only Silex Systems Limited Investor Presentation Mildura Grand Opening: 17th July 2013 Dr Michael Goldsworthy, CEO/MD © Silex Systems Limited 2013
Slide 4: Forward Looking Statements
P2 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, Solar Systems technology, Translucent technology and ChronoLogic technology. Several of the
Slide 5: Disclaimer
P3 Disclaimer For personal use only 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, no represe
Slide 6: Silex Systems Ltd divisions
P4 Silex Systems Ltd (ASX: SLX) (OTCQX: SILXY) For personal use only Silex Solar Systems Translucent ChronoLogic Systems Third generation laser Utility Scale Unique rare-earth oxide Precision instrumentation uranium enrichment for Concentrating PV materials for products utilising the nuclear power p
Slide 7: Solar Systems Overview
P5 Solar Systems Overview For personal use only • Solar Systems Pty Ltd is a wholly owned subsidiary of ASX-listed Silex Systems Limited • Solar Systems has been developing world-leading Concentrating Photovoltaic (CPV) Dish technology for 20 years in Melbourne, Australia • Assets acquired by Silex
Slide 8: The 'Dense Array' CPV Dish System explained
P6 The ‘Dense Array’ CPV Dish System explained For personal use only • Utilises the world’s most efficient solar cells - multi-junction cells originally from the space industry (‘three cells in one’) • Current efficiency >40% (~ 2x efficiency of silicon cells, ~ 4x thin film cells) with roadmap to >
Slide 9: 'Dense Array' CPV Module vs Rooftop PV Module
P7 Overview: ‘Dense Array’ CPV Module vs Rooftop PV Module For personal use only CPV Module PV Module • Multi-junction cell efficiency ~ 42% • Silicon cell efficiency ~ 18% • Concentration factor = up to 1000x • Concentration factor = 1 • Convertor power (64 modules) ~38kW • Rooftop system power (56
Slide 10: Unique CPV Solar Technology - developed in Victoria
P8 Unique CPV Solar Technology - developed in Victoria For personal use only • Core technology ‘Dense Array’ converter underwent major redesign – completed September 2012. • Manufacturing process modified, Melbourne Dish facility re-configured and commissioned – now in low volume production © Silex
Slide 11: Operational Facilities & Current Projects
P9 Operational Facilities & Current Projects For personal use only Installation Location Capacity Dishes Mildura Stage 1 VIC, Australia 1.5 MW 40 Bridgewater VIC, Australia 600kW 16 Hermannsburg NT, Australia 190 kW 8 Yuendumu NT, Australia 240 kW 10 Lajamanu NT, Australia 290 kW 12 Windorah Qld, Au
Slide 12: Environmental Benefits
P10 Environmental Benefits For personal use only • Relatively low land usage – currently < 4 acres per MW > Potential to decrease to ~ 2 acres per MW • Closed-loop cooling system using ‘off the shelf’ components > No water used for power generation Water Consumption During Operation [L/MWh] Recircul
Slide 13: Levelised Cost of Energy (LCOE) Roadmap
P11 Levelised Cost of Energy (LCOE) Roadmap For personal use only Key Factors to Reduce Costs: • Multi-junction cell technology: higher efficiency (>50% target in 3 years) and lower cost • System efficiency: reduce losses and increase power output (e.g. increase concentration factor to 1000x) • Manu
Slide 14: Product Commercialisation Plan – 2010 to 2015
P12 Product Commercialisation Plan – 2010 to 2015 For personal use only Phases and Funding Contributions Phase Objectives Status Phase 1: Product Commercialisation Program: Product release milestone: completed June 2012. Involved full re-design Completed and performance upgrade of the ‘Dense Array
Slide 15: Current Development Pipeline
P13 Current Development Pipeline For personal use only Project Location Capacity Dishes Planning Construction Mildura (Stage 2) Victoria, Australia 100 MW ~ 2,000 Underway 2014 QLD Queensland, Australia 10 to 50 MW Up to 1,250 Pre-feasibility TBA Nofa Tibrak, Saudi Arabia 1 MW 28 Completed 2012 / 20
Slide 16: Mildura Demonstration Facility: 1.5MW
P14 Stage 1 : Mildura Demonstration Facility: 1.5MW For personal use only Grand Opening Event: 17th July 2013 • Builds on success of Bridgewater Test Facility • Located in Carwarp, ~40km from Mildura • 40 Dish systems installed 1.5 MW capacity • Physical connection to grid on 30th January, 2013 •
Slide 17: Stage 1: Mildura Demonstration Facility: 1.5MW
P15 Stage 1: Mildura Demonstration Facility: 1.5MW For personal use only © Silex Systems Limited 2013 © 2013 Solar Systems Pty Ltd – Proprietary
Slide 18: Benefits to the Community and the Region
P16 Mildura Stage 1 For personal use only Benefits to the Community and the Region • The construction and operation of this unique facility is already creating business opportunities for regional suppliers and local service providers • The 1.5MW Demonstration Facility is capable of generating enough
Slide 19: Stage 1: Mildura Demonstration Facility: 1.5MW
P17 Stage 1: Mildura Demonstration Facility: 1.5MW For personal use only © Silex Systems Limited 2013 © 2013 Solar Systems Pty Ltd – Proprietary
Slide 20: Stage 1: Mildura Demonstration Facility: 1.5MW
P18 Stage 1: Mildura Demonstration Facility: 1.5MW For personal use only © Silex Systems Limited 2013 © 2013 Solar Systems Pty Ltd – Proprietary
Slide 21: Mildura Stage 2 – 100MW Solar Power Station
P19 Mildura Stage 2 – 100MW Solar Power Station For personal use only Planning and Preparation Activities • Final design for Stage 2 CPV power station • Evaluation of connection point to nearby grid line • Preliminary partner discussions (financing, construction, grid connection and transmission) •
Slide 22: Saudi Arabia – a key market for Solar Systems CPV
P20 Saudi Arabia – a key market for Solar Systems CPV For personal use only Nofa Resort Demonstration Facility – Saudi Arabia • Construction well advanced for 1MW (28 Dish units) demonstration facility • Expected completion in late CY 2013 Bridgewater Test and Demonstration Facility © Silex Systems
Slide 23: Nofa Resort Demonstration Facility
P21 Nofa Resort Demonstration Facility For personal use only Construction progress as of May 2013 © Silex Systems Limited 2013 © 2013 Solar Systems Pty Ltd – Proprietary
Slide 24: Key Developments in the Saudi Arabian Solar Market
P22 Key Developments in the Saudi Arabian Solar Market For personal use only • Kingdom of Saudi Arabia (KSA) currently consumes up to 2.5 million barrels of oil internally (~25% of annual total) for electricity production and water desalination – traded at a few dollars per barrel • Lost oil revenue
Slide 25: Saudi Arabian Solar Potential – Ideal Location for CPV
P23 Saudi Arabian Solar Potential – Ideal Location for CPV For personal use only Daily Average Direct Normal Irradiance (DNI) Values 6.96 kWh/m2/day 8.20 kWh/m2/day 6.72 kWh/m2/day 7.14 kWh/m2/day 7.37 kWh/m2/day © Silex Systems Limited 2013 © 2013 Solar Systems Pty Ltd – Proprietary
Slide 26: Comparison of Solar Technologies in Saudi Arabia
P24 Comparison of Solar Technologies in Saudi Arabia For personal use only 2700 2500 Electricity Production [MWh/MW/year] 2300 2100 1900 1700 1500 6.72 6.96 7.14 7.37 7.89 Riyadh Al Ahsa Gizan Al Medina Sharurah Location and Daily Average DNI [kW/m2/day] poly-Si (silicon flat panel) CdTe (thin film
Slide 27: Australian Solar Potential
P25 Australian Solar Potential For personal use only Multiple drivers: > Very high Direct Normal Irradiance (DNI) > High DNI areas are relatively close to energy needs > Good national grid infrastructure Image: Australian Annual Average Solar Radiation (Source: Geoscience Australia & ABARE, Australi
Slide 28: Australian Solar Potential
P26 Australian Solar Potential For personal use only • A range of viable solar sites across Australia • Major energy needs from mining sector and growing economy • Existing infrastructure – e.g. roads, equipment, heavy freight, equipment storage • Existing power stations available for hybrid generat
Slide 29: Conclusions
P27 Conclusions For personal use only • Solar Systems’ unique ‘Dense Array’ CPV Dish System potentially offers a low cost power generation solution for utility-scale clean energy production. • Key differentiation to flat panel technologies is based on large dish sunlight concentrator concept combine
Slide 30: Thank You
P28 For personal use only Thank You Thank You © Silex Systems Limited 2013 © 2013 Solar Systems Pty Ltd – Proprietary © 2013 Solar Systems Pty Ltd – Proprietary