UCD TCD DCC Transforming Ireland series UCD TCD DCC Transforming - PowerPoint PPT Presentation

Ireland’s Innovative Future – 3G Solar Technology Mazhar Bari, CEO , 21st October 2010 UCD TCD DCC Transforming Ireland series UCD TCD DCC Transforming Ireland series

Total solar irradiance: 120,000 TW 18 Terrawatts needed for the world’s current population Black circles indicate the area required at six locations on the Black circles indicate the area required at six locations on the Earth’s surface to provide all the energy needs 2

3 Economic Drivers (PV) Target < €1.0/W p Cost? – Competitive before 2020 - 0.1 1

European Photovoltaic Industry Association (EPIA) statistics ( ) • In Europe, approximately 120,000 employed in solar • By 2020 over 2 million are expected to be working in the sector • By 2020, over 2 million are expected to be working in the sector globally • By 2030 , this could increase to 10 million worldwide y , • New PV production facilities create ~20 jobs per MW of capacity adding ~ 30 additional jobs per MW installed capacity in services (wholesale, retail, installation and maintenance sectors). These later jobs are mostly located on a regional level near to the final customer • PV could supply as much as 12% of EU electricity demand by 2020 (Paradigm Shift scenario) www.setfor2020.eu 4

40 30 Jobs (Number /MW) 20 10 0 Coal Gas Nuclear Tidal Wind Geo- Biomass Solar PV thermal thermal Job Creation Potential of Various Electricity Generation Assets (Source: INEEL, BC Sustainable Energy Association, Renewable Energy Policy Project, Lehman Brothers R Research). h) 5

Solar as an Electrical Power Source for Ireland? To o satisfy sat s y Ireland’s e a d s current cu e t electric e ect c po e power needs eeds (3GW) (3G ) commercial photovoltaic (PV) devices (~15% solar energy conversion efficiencies) require a land area of approximately (13 - 17 km) 2 17 km) ⇒ ~ 0.3% of the total land area. 6

• Founded 2008 “ SolarPrint is an ethical, , • • L Leading player in the di l i th innovative, world class commercialisation of DSSC provider of secure and technology sustainable global t i bl l b l energy ” • We are committed to being at the forefront of being at the forefront of developing the next generation of light g g conversion technologies SolarPrint HQ in Sandyford, Dublin, Ireland. 7

Value Proposition • SolarPrint paves the way to the mass production of inexpensive photovoltaic cells that could become commercially viable even without subsidies • Free from the limitations of silicon, SolarPrint produces Dye-Sensitised Solar Cells (DSSC), made from abundant materials in a simple all-printable process • Efficient from any angle of incidence, even at diffuse light, DSSC works where other PV technologies fail - opening a world of new solar-powered applications • SolarPrint targets billion dollar markets , initially focusing on powering consumer electronic devices and building-integrated PV • The company is completing design of its first mass volume production facility • The company is completing design of its first mass volume production facility - towards launching commercial products in 2012 8

Senior Management Team Advisory Board Scientific Advisory Board Dr. Mazhar Bari Padraic White CEO Prof. Don MacElroy Prof Don MacElroy Brendan Cummins Expert in nano- Prof. Ravi Thampi Prof. John Gregg materials & thin film device fabrication Harry Cassidy Rory Timlin Dr. David Jeng Roy Horgan Andre Fernon Dr. Jarl Operations R&D Bus. Dev. CFO Niskfolk Director Di t M Manufacturing f t i Decades of combined experience in DSSC, material science, nano ink formulation, chemistry, thin film manufacturing, finance and technology commercialisation gy 9

Solar Cells: Evolution and Challenges Generation 1 Generation 2 Generation 3 Poly crystalline Poly crystalline Mono crystalline Mono crystalline a-Si thin film a Si thin film OPV OPV • Uses less silicon, but still • Efficiencies still low, even in the constrained by the same lab; no mass production solution material limitations • Mature technologies, but cost and efficiency improvements and efficiency improvements CdTe CIGS DSSC hard to achieve due to inherent limitations of silicon • Break from silicon, but rely on • 12% efficiency already achieved, rare and toxic materials but no mass production solution - until SolarPrint until SolarPrint 10

DSSC: Artificial Photosynthesis • Achieves higher power output Structure and Operation over a day, as cell remains efficient from any angle of y g incidence and in diffuse light • Uses abundant materials and a simple manufacturing process g - dramatically lowering costs at high volumes • Can be made flexible and colourful Light absorbed by dye > electron injected from excited dye into layer of titanium dioxide (TiO2) > redox couple effect generates electricity g y 11

SolarPrint DSSC vs. Silicon: Performance Outdoors Indoors Power Density at Various Angles (mW/cm2) Power Density at Various Light Intensities ( µ W/cm2) Lux 12 12

SolarPrint DSSC vs. Silicon: Cost Mono Crystalline Silicon and SolarPrint DSSC (US$ per Watt) 13 13

Commercial Applications 2010 2015 2012 Efficiency 4-6% 12%+ 6-7% Lifetime 10-20 yrs 5-10 yrs y 3-5 yrs y • Building Integrated PV • Distributed power • Building energy ons generation g systems (wireless systems (wireless • Automotive PV • Automotive PV Applicati sensors) • Supplying electricity to the grid • Consumer electronic devices 14 14

COMMERCIAL ROAD MAP COMMERCIAL ROAD MAP Commercial Development 2010 2011 2012 FP7’s (FIAT & IMEC & Other R&D) FP7’s (BIPV) Pilot Projects HVM Revenue

16 16 UCD UCD Catalyst Celtic Collaborations: University SolarPrint Limerick of Nova UCD University Dublin City y

PRODUCT SEALI NG STRATEGI ES STRATEGI ES Business Model & DSSC Value Chain Business Model & DSSC Value Chain Special DSSC p System y Final Solar Cells & Solar Cells & Raw Materials Materials & Manufacturing Assembly & Modules Tools & Wholesale Retail � Focus on technology, materials & commercialisation commercialisation � Outsourced manufacturing model � Develop commercial relationships with OEM’s who provide distribution channels for OEM’s who provide distribution channels for end product

MANUFACTURING ROAD MAP MANUFACTURING ROAD MAP Scaling Production 2010 2011 2012 Pilot Prod ction Line (100 000 Pilot Production Line (100,000 units p.a./ 0.1 MW) nits p a / 0 1 MW) Pre-qualification for Scale Location Establish Scale Operation Commence Production (1-1.5m p.a./1-1.5MW)

MANUFACTURING ROAD MAP Opportunities for Ireland Inc Develop a new 3rd Generation Solar I ndustry in • I reland Focus on Smart manufacturing, export and jobs g, p j • I nvesting €100m over 10 years will create • � 1,000 PhD roles � 1,000 PhD roles � 10,000 jobs � > €1 billion of exports 19 19

MANUFACTURING ROAD MAP Research & Commercialise Growth Sustainability Development STAGE 1 STAGE 2 STAGE 3 STAGE 4 Foreign Direct Universities Profitability Entrepreneurs / HPSUs Investment Eco-system Eco-system Infrastructure & Research Centres Development Development Regulation Corporate R&D Corporate R&D Corporate R&D Re-Investment in R&D 20 20 20

Potential New Employment in the Solar Sector 1.0E+05 d obs Created 1.0E+04 te Sector Jo 1.0E+03 ative Privat 1.0E+02 1.0E+01 Cumul 1.0E+00 2007 2011 2015 2019 2023 2027 Year Projected cumulative growth of SolarPrint (DSSC) 2010-2021 Conservative baseline (~half EPIA) cumulative growth of jobs in Conservative baseline (~half EPIA) cumulative growth of jobs in the Solar sector (all HPSUs, suppliers, support services, FDI) 21

MANUFACTURING ROAD MAP Enterprise Ireland IDA Universities Solar Energy gy Industry Solar SEAI Research Cluster Cluster SFI Thank you mbari@solarprint.ie y 22 22 22 22