3G Solar Photovoltaics Ltd. Presentation to Canada-Israel Technology Innovation July 2011

1. 3G Solar Photovoltaics Ltd. Presentation to Canada-Israel TechnologyInnovation July 2011 3rd Generation PV - Low Cost Dye Solar Cells

2. Overview • 3GSolar is a global leader in the development of Dye Solar Cells (“DSC”) • Developed the world’s largest DSC at 5.4%, with small research cells exhibiting up to 8.8% • Working with exclusive Förster Resonance Energy Transfer (“FRET”) technology, leveraging the power of Quantum Dots to achieve 14% module efficiency • Ultra low cost (unit and plant) and simple to manufacture locally • 13 patents and applications protect 3GSolar’s industry leading innovations in design and scale-up

3. Third Generation PV Technology • First Generation PV – Silicon based • Second Generation PV - Thin Film • Third Generation PV - Dye Solar Cells DSC representing Printed Photovoltaics

4. World class management & partners Management • CEO – Barry Breen: Barry, has a Nuclear Eng. Degree from MIT. He is a business leader and manufacturing process expert who has won several industry awards. • Founder and President – Dr Jonathan Goldstein: Jonathan is a solar energy and battery world expert with 41 patents (PhD in Chemistry from Univ. London). Partners • Joma International: A leader in highly engineered titania materials • Academic partners: inventors and advisors on the the FRET work are Prof. Arie Zaban from Bar Ilan University and Dr. Dan Oron from the Weizmann Institute • 3GSolar is backed by Solar Partnership, a fund advised by London based Smedvig Capital and part of the $1.3Billion Smedvig Group • In June 2011 Israel’s largest electricity supplier, the Israel Electric Company made a strategic investment in 3GSolar • Setting up collaboration with Prof. C. Berlinguette (Univ. Calgary) on dyes

5. Large, rapidly growing market It is estimated that in 2009 about 7 GW of PV solar capacity was installed at a cost of approximately $39 Billion In 2010 that number was $82 Billion Capacity of Annual PV Installations by ApplicationSource: Technology Roadmap, Solar Photovoltaic Energy, International Energy Agency • 3GSolar is targeting the largest segments of the market – on and off grid power market • The key requirement within these market segments is the cost of the panel for a given amount of electricity created on a given day – 3GSolar DSC is well placed with its ultra low cost offering

6. Simple to manufacture low cost cells 3GSolar designs high efficiency DSC’s using simple low cost manufacturing processes • Ultra low cost, readily available materials with low toxicity • Simple low cost manufacturing techniques enable local manufacture • Simple screen printing approach keeps capital cost low – no vacuum ($7M for a 20 MW plant) • Low Labor Costs – automated screen printing based production reduces the number of operators required to operate a plant • Operators can be lower skilled • 3GSolar will have a unit cost of $0.35/Wp DSC Design

7. Superior product characteristics versus competitors 3GSolar designs high efficiency DSC using simple low cost manufacturing processes • Converts more light into energy than silicon • Effective in occluded light conditions – earlier and later times of the day, cloudy conditions, high latitude geographical locations • Same efficiency more energy, 15% across a day in the example on the right, but up to 40% more energy in certain conditions Performance of a DSC Module Vs Silicon Module over the Course of a Day Source: 3GSolar – Jerusalem, April measurement

8. FRET effect significantly boosts efficiency D A Energy transfer Förster Resonance Energy Transfer (FRET) is a key way to increase DSC efficiency: we will be adapting the Professors’ input into our large area cells • FRET separates the light absorption process from the electron injection process • 3GSolar can therefore optimise the materials for these two functions separately • Quantum Dots (“QDs”) can be used to broaden the spectrum of light absorbed by DSC dye • A far greater proportion of the light spectrum can therefore be converted into electricity Now FRET 3GSolar aims to reach module efficiencies of 10% by 2014 and 14% by 2019 Photon flux of the AN 1.5 G spectrum at 1000 W m-2 (ASTM G173-03), and calculated accumulated photocurrent

9. FRET Proof of Concept • Incident photon conversion spectra on three different electrode structures: • nc-TiO2/QD/a-TiO2 • nc-TiO2/a-TiO2/dye • nc-TiO2/QD/a-TiO2/dye • Combining QDs and dyes in FRET process dramatically increases photon conversion over whole visible spectrum • Shifting dye absorption to longer wavelengths will further increase conversion Work from lab of Prof. A. Zaban, BIU

10. Development Plan Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Phase 1 Completion of current R&D (11% efficient small cell by December 2012) Phase 2 Construct and optimize 100 kWp pilot plant (10% efficient module by end 2013) Phase 3 Phase 4 Construct and optimize 20 MW automated fabrication plant Initiation and support of worldwide operations (internal, licensee, JV)

11. Conclusions 3GSolar is a global leader in development of Dye Solar Cells (“DSC”) The alignment of: • Low plant capital costs • Low cost of production • High performance in ‘real’ light conditions • Significant improvement in DSC module efficiency with FRET Means that 3GSolar DSC will have a market leading position A 3GSolar DSC in 2019 could cost less than half a silicon panel to produce the same energy across a day Cost per Peak Watt for Silicon, Thin-Film and 3GSolar DSC Sources: Management estimates; SolarBuzz

12. THANK YOU! Dr. Jonathan Goldstein (President)+972-507303821jg@3gsolar.com Barry N. Breen, CEO+972-544709956bbreen@3gsolar.com3GSolar Photovoltaics Ltd.