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Solar Fuel for a Clean Planet. Who is Solel?. A technology company, providing a o ne-stop solution for utility scale solar fields The only commercially proven electricity-producing solar thermal technology
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Solar Fuel for a Clean Planet
Who is Solel? • A technology company, providing a one-stop solution for utility scale solar fields • The only commercially proven electricity-producing solar thermal technology • 350+ employees – largest solar thermal company. Many engineers involved in building original SEGS • Ongoing major investments in R&D and production capacity • Over $450 million in backlog in 2008
Load Wind * Solar ** % of power generated vs. capacity What is Solar Thermal Power? • Free and secure resource, widely available and highly predictable • Uses reflectors to concentrate sun’s energy and create heat • Uniquely suited for answering peak demands
Mechanism Curved trough reflects solar radiation onto tube and heats the oil inside it. A heat exchanger creates steam which runs a steam turbine. Circular array of mirrors concentrate s sunlight on receiver placed at top of central tower. Heat creates steam to power generator. Dish focuses sunlight to single point , where thermal collector captures the heat. Engine converts heat into mechanical energy which drives generator to produce electricity. CSP Technology Comparison – Parabolic Trough the Dominant Technology Parabolic Trough Tower Dish Size Scale 50 – 600 (MW) 10 – 64 (MW) 5 – 25 KW (per dish) Cost (cent\kWh) 14 - 18 16-18 25 - 30 Commercial Status Mature technology, 20 yr commercial track record Proof of concept Embryonic - Pilot underway Market share by 2012 (MW) 92% 5%-7% Negligible Parabolic Trough the de facto CSP standard & only bankable technology Source: Solel studies
Size of Market Source: Emerging Energy Research
Reliability of Solel’s Parabolic Trough Technology • Solel’s parabolic trough plants have provided consistent and reliable power generation for over twenty years • Dependable revenue stream • California SEGS/Solel technology has never fallen below 98% of rated capacity • Solel has consistently evolved the technology to introduce improved efficiencies and output • 2002 US DOE report to Congress: “SEGS demonstrate CSP systems achieve reliability equal to fossil-fueled plants”
SOLEL SIGNS AGREEMENT WITH SACYR OF SPAIN TO BUILD THREE 50 MW POWER PLANTS
Solel’s SunField LP: Built-In Solar Fuel Elements of a Solar Power Plant • Power Block • Solar Field • HTF System • Civil works • Miscellaneous
Solel main products • UVAC 2008 solar thermal receiver • Parabolic reflector panels • Solar Fields (loops)
Solel Solar Thermal – Investor POV • Parabolic trough is mature commercial technology = bankability • Infrastructure projects: > 40 year life • Dependable revenue stream, lends itself to non-recourse project finance approach • Structured finance • Solel vertical control
Solel Solution: On-Site Power Plants Plant operating at Solel Headquarters, compact parabolic trough located on top of car park, power block in middle front.
Solel Solution: Industrial Cooling and Heating Industrial cooling and heating system installed in Trento, Italy
Solel:Delivering clean power when it’s needed most Thanks for your time kennyk@solel.com