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In April of 2011 I spoke at Printed Electronics and Photovoltaics, an IDTechEx event. This presentation summarizes a novel approach for flexible thin film solar focusing on off-grid and emerging market applications.
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14/19/2011 Copyright of Ascent Solar ©
24/19/2011 Copyright of Ascent Solar ©
In addition to historical information, this presentation contains forward–looking statements that are based on assumptions made by management regarding future circumstances over which the company may have little or no control and involve risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward–looking statements. These factors include, among others, the following: general economic and business conditions; the company’s cost of operations; the success of cost containment initiatives, including costs arising from changes in regulations; availability and cost of capital; the success of growth initiatives; the effect of regulation on consolidation of the industry; the ability to generate earnings from capital investment; and those risks and uncertainties described in the Risk Factors section of the Company’s Form 10-K filed with the SEC for the year ended 12/31/09. The Company is not obligated to update its forward–looking statements to reflect the impact of future events.
Forward Looking Statements
34/19/2011 Copyright of Ascent Solar ©
Company Snapshot
Founded: 2005 (technology initially developed at
ITN Energy Systems in early 1990’s)
IPO: July 2006
Headquarters: Thornton, CO
Technology: Thin-film CIGS
(flexible, plastic substrate)
Manufacturing:
Mfg Process: Roll-to-roll manufacturing, monolithic
integration, intelligent process control
Status: Transitioning from development stage
to commercial production of thin-film
CIGS modules
End Markets:
1.5MW pilot facility completed
30MW facility ramping to full
commercial production
Consumer Power
Emerging Off-Grid
Transportation
Defense
BIPV
44/19/2011 Copyright of Ascent Solar ©
5-Meter Module
• Worlds Largest Monolithic
Flexible Product
2-Meter Module
• Highest Power Density in
a Flexible Form Factor
Premier Module• Up to 5.0-Wp• Weight of only 105-grams
Custom Modules• Custom form factor• Custom output
Targeted at large area
applications
Targeted at 12-volt and 24-volt
applications
Ascent Products
Custom products based on the Premier
module as a building block
Custom cells sizes possible depending
upon order volume and pricing
54/19/2011 Copyright of Ascent Solar ©
What is Parity?
Lif
e C
ycle
Co
st
Solar Solution
Traditional Energy
Sources
Evolving Value Propositions
Over Time
The Life Cycle Cost of Solar Solutions has improved over time and are now directly
competitive with Traditional Energy Sources in various applications
64/19/2011 Copyright of Ascent Solar ©
Off-Grid Applications
Reductions in PV manufacturing cost
Economies of scale
Improvements in efficiency
Increasing cost of alternatives
Diesel fuel (generators)
Societal concerns
Public health (indoor air quality)
Decreasing power requirements
Energy efficiency improvements due
to related technologies (LEDS)
Grid-Connected Projects
Reductions in PV manufacturing cost
Economies of scale
Improvements in efficiency
Increasing cost of alternatives
Carbon Pricing
Societal concerns
Environmental (Fukushima)
Market Incentives
Decreasing subsidy levels in a
number of primary markets
Parity: Drivers and Enablers
Grid-Connected markets are still subsidy dependent. Recently, governments have
reduced incentive levels in primary markets creating significant demand uncertainty.
74/19/2011 Copyright of Ascent Solar ©
Off-Grid Applications
Habitation
Industrial
Consumer Power
Transportation*
* An emerging market
84/19/2011 Copyright of Ascent Solar ©
Demand for Off-Grid Solutions
Overlaying maps which show areas with an established electric grid (white) and the
world population (red) one sees large areas of population in areas with no grid electricity
94/19/2011 Copyright of Ascent Solar ©
Need for Electricity
There are over 1.5 billion people in developing countries without access to
electricity and another billion without reliable access to electricity
Latin America
34-million
Africa
590-million
Middle East
21-million
South Asia
614-million
East Asia
195-million
Source: World Energy Outlook, 2009, International Energy Agency (IEA)
Number of people without access
to electricity by region in 2008
104/19/2011 Copyright of Ascent Solar ©
Off-Grid Market Requirements
Supply diesel engines and
generators across India and
the Middle East
Customer Wish List Ascent Value Proposition
• Reliability: Long life with minimal maintenance• PV is a proven technology
• No moving parts, does not require maintenance
• Durability: Must not be easily damaged• No fragile glass
• Modules are highly impact resistant
• Deployability: Easy to set-up and take down• Lightweight
• Foldable or easily rolled
• Portability: Low shipping cost and easy to
distribute
• Lightweight
• Very durable, can take abuse during shipping
• Affordable: Both low cost and good value for
money
• Roll to roll production
• Scalable and simplified solutions
• Aesthetics: Needs to be good looking• Consistent and uniform color
• Henry Ford’s black
Supply lightweight and
flexible solar solutions
114/19/2011 Copyright of Ascent Solar ©
Ascent PV Modules for powering
secondary electric systems
October, 2010
Truck cabin integrated
with Ascent Solar
PV modules
December, 2009
Green ImageComfort: Pre-ventilation
Energy saving CO2-reduction
Transportation Applications
Ascent modules on
SNCF commuter railcar
August, 2010
Ongoing development for
integrated automotive systems
124/19/2011 Copyright of Ascent Solar ©
Transportation Market Forecast
0
50
100
150
200
250
300
350
2009 2010 2011 2012 2013 2014 2015
MW
p
Trains
Automotive
Vans and Light Commercial
Bus and Heavy Commercial
Source: Ascent Internal Projections
Ascent Demand Projections for Transportation Applications
134/19/2011 Copyright of Ascent Solar ©
Structure
Chemistry
Module Construct
Substrate
Integration
Thin-Film PV
Polycrystalline
CIGS
Monolithic Discrete Discrete MonolithicMonolithic
CdTe
Rigid Flexible
Glass Stainless SteelGlass Plastic
Rigid
Flexible module
The Ascent Advantage
Representative
Companies
Technology
Thin-Film Competitive Landscape
RigidFlexible
Discrete Monolithic
Silicon
Monolithic
Stainless Steel GlassPlastic
Amorphous
Lightweight
Flexible encapsulant
11% efficiency (high volume)
Parallel circuitry
Unique Approach to CIGS
144/19/2011 Copyright of Ascent Solar ©
Construction of Ascent Cells
P1 P2 P3
There are three separate
scribes made for each unit cell
154/19/2011 Copyright of Ascent Solar ©
Manufacturing Process
164/19/2011 Copyright of Ascent Solar ©
Discrete Process1. Deposition on a conductive material
2. Cut material into discrete units
3. “Shingle” cells and assemble module
Monolithic Process1. Deposition on a insolating material
2. Laser scribe: does not cut substrate
3. Screen print leaves complete module;
No Assembly Required
Monolithic Integration
174/19/2011 Copyright of Ascent Solar ©
Thank You
Daniel Tomlinson
Senior Sales Manager