30
Bruce Norman Anderson, CEO 247Solar Inc. 011-617-290-9913 www.247Solar.com Wilson 24Solar Plant, 20 megawatts 2 nd generation baseload solar ssssssshhss The 247Solar Plant™ is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night. - S. David Freeman, former head, Sacramento Municipal Utility District (SMUD), Tennessee Valley Authority (TVA), New York Power Authority, and Los Angeles Department of Water and Power (DWP)

2 generation baseload solar - Projects Tracker Overviewbeta.csptoday.com/sites/default/files/Bruce N. Anderson, CEO... · 2nd generation baseload solar ... 8 Scaled up, simplified

Embed Size (px)

Citation preview

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

2nd generation baseload solar

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2

Revolutionary breakthrough in 247 Concentrated Solar Power (CSP)

MIT originated

US Department of Energy funded (USD5 million)

Competitive with solar PV but reliable grid-stabilizing 247 operation

Soon competitive with coal but flexible operation minimal outage time grid optimization voltage control frequency control instantaneous demand response

Majority of components factory-made many locally

Rapid permitting installation time-to-revenue

Attractive returns with low risks for power project developers and investors

Summary 247Solar Planttrade

Target coal-competitive 247 solar electricity

3

Presenting 40-year solar industry leader and pioneer

Bruce N Anderson Co-founder CEO

bull Began solar career in 1973 with Masters degree at MIT

bull 40 years as CEO

bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL)

bull 1982 First ldquoLifetime Achievement Awardrdquo American Solar Energy Society

bull Author of 5 solar energy books

bull Twice testified to US Congress

bull Member MIT Corporation (Board of Trustees)

4

bull Mostly well-proven equipment low risk bull Simple operation simple maintenance bull Battery-like grid stabilization bull Uses air ndash no molten salts oil watersteam bull Distributed or utility scale

Pre-engineered 300-400 kWe standardized modules (like wind) Competitive with PV potential to be competitive with coal

2nd Generation CSP 247Solar Plantstrade

5

TECHNOLOGY

ldquoIf you want to make something dirt cheap make it out of dirt Preferably dirt thatrsquos locally sourcedrdquo

Donald R Sadoway John F Elliott Professor of Materials Chemistry at MIT Voted one of Time magazinersquos 100 most influential people in the world in 2012

6

Developed with competitively-won funding from US Department of Energy1

Iiiiii

Brayton-Cycle Baseload Power Tower CSP System

Phase 2 Report US Department of Energy

December 2013

Funding Opportunity Announcement Number DE-FOA-0000104

Baseload Concentrating Solar Power Generation

Project Title Brayton-Cycle Baseload Power Tower CSP System

Project Period Phase 2 090111 ndash 093013

Project Budget Phases 1 and 2 $5728453

Submission Date 12302013

Recipient Wilson Solarpower Corporation

Address 150 Lincoln St Suite 3C

Boston MA 02111

Award Number DE-EE0003587

Project Team Wilson Solarpower German Aerospace Center (DLR)

Brayton Energy Saint-Gobain Oak Ridge National

Laboratory

Contact Bruce Anderson CEO

Phone 617-290-9913

Objective Next Generation CSP cheaper than fossil fuels2

September 2014

1 See httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF 2 247Solar purchased the technology from Wilson Solarpower in 2016

EngineeringandCostStudy

Brayton-CycleBaseloadPowerTowerCSPSystem

Phase1ReportUSDepartmentofEnergy

July2011

FundingOpportunityAnnouncementNumberDE-FOA-0000104

BaseloadConcentratingSolarPowerGeneration

Recipient Wilson Solarpower Corporation

Award Number EE003587

Project Team Wilson Solarpower DLR EZKlein WorleyParsons

Solaflect Energy

Contact Bruce Anderson

Phone 617-290-9913

Email BruceAndersonWilsonSolarpowercom

HIGH pressure system

bull Only 100 kWe

bull No thermal storage

bull Daytime only

7

New AMBIENT pressure operation not old HIGH pressure

LOW pressure system

bull 400 - 2000 kWe

bull 3 - 24 hours thermal storage

bull 24x7 operation

Huge system breakthrough

HIGH pressure receiver by DLR bull 60 cm aperture

bull ~035 MWth

bull Pressure vessel

bull 3 active cooling systems

8

Scaled up simplified proven technology

AMBIENT pressure receiver bull 200 cm aperture

bull ~25 MWth

bull Ambient pressure

bull No moving parts

Inletair

Ceramicfoamoutletabsorber

InletairWiremeshinletabsorber

Outletair

Quartzwindow

Huge component breakthrough

9

gt100-year-old proven thermal storage system

1 lt10 the cost of battery storage

2 3 - 4 m diameter 7 - 9 m tall

3 Firebrick spaced for airflow

4 970oC operation

5 No moving parts unlimited cycles

6 gt95 round trip efficiency

For more information about firebrick see httpsenwikipediaorgwikiFire_brick and httpwwwtraditionalovencomarticles84firebricks-heavy-dense-fire-clay-bricks

10

Next generation CSP 247Solar Planttrade

11

5 Plug-and-play subsystems

hhhhhhhh

2 Highly innovative

247SOLAR RECEIVERtrade

(air heating no moving parts)

4 Conventional microturbine

247SOLAR POWER BLOCKtrade (outfitted with

247Solar Heat Exchangertrade 247Solar Combustortrade)

1 OFF-THE-SHELF SUN-

TRACKING HELIOSTATS

(~4 acres (16000m2) per 400 kWe)

XXXX

X

SUNLIG

HT F

ROM

HELIO

STATS

XXXX

X

5 100+ year proven 247SOLAR THERMAL

STORAGE SYSTEMtrade(3-24 hours eg firebrick

no moving parts)

RECEIVER OUTLET ldquoHOT

AIRrdquo (970OC)

RECEIVER INLET ldquoWARM

AIRrdquo (650OC)

AIR FLOW warm air up hot air down

3 Conventional TOWER SYSTEM (~125ft 35m)

hh

247Solar Power Blocktrade

247Solar Receivertrade

P = 1

247Solar Thermal Storage Systemtrade

Main blower

Damper open

m = 27

m = 27

m = 17

m = 1

m = 17

Daytime solar operation Exhaust air from the turbine and the thermal storage are heated in the solar receiver Some of the air passes through the thermal storage and the remainder powers the turbine

Damper closed

Light from heliostats

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

m = 1

11

247Solar Receivertrade

Damper open

m = 0

m = 1

m = 1

m = 1

Night operation from storage Exhaust air from the turbine passes through the thermal storage in the opposite direction to power the turbine A combustor heats the air further if needed

Damper closed

m = 0

Main blower (off)

247Thermal Storage Systemtrade

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

247Solar Power Blocktrade

m = 1

12

13

247Solar Power Blocktrade

1 All factory-produced for rapid deployment low cost

2 Plug-and-play includes power electronics for grid connections

3 Powered by solar andor by a wide variety of fuels including biofuels

4 Firmly dispatchable 247

5 Simple low cost to operate maintain

6 Highly efficient from 33 electrical (Up to 80 using 15-2 million BTUhr useful industrial grade heat)

7 Multiple additional benefits for customers and grids

This article does a good job of covering the many special attributes of microturbines which is the core component of the 247Solar Power Block

httpforesternetworkcomdailyenergydistributed-generationmicroturbine-manufacturers-outline-the-benefits-of-distributed-energymqsc=E3863619amputm_source=WhatCountsEmailamputm_medium=Forester20FullForester20Daily20Newsletteramputm_campaign=FDN-12222016-Construction

Highly proven most versatile power generator in the world

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

2

Revolutionary breakthrough in 247 Concentrated Solar Power (CSP)

MIT originated

US Department of Energy funded (USD5 million)

Competitive with solar PV but reliable grid-stabilizing 247 operation

Soon competitive with coal but flexible operation minimal outage time grid optimization voltage control frequency control instantaneous demand response

Majority of components factory-made many locally

Rapid permitting installation time-to-revenue

Attractive returns with low risks for power project developers and investors

Summary 247Solar Planttrade

Target coal-competitive 247 solar electricity

3

Presenting 40-year solar industry leader and pioneer

Bruce N Anderson Co-founder CEO

bull Began solar career in 1973 with Masters degree at MIT

bull 40 years as CEO

bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL)

bull 1982 First ldquoLifetime Achievement Awardrdquo American Solar Energy Society

bull Author of 5 solar energy books

bull Twice testified to US Congress

bull Member MIT Corporation (Board of Trustees)

4

bull Mostly well-proven equipment low risk bull Simple operation simple maintenance bull Battery-like grid stabilization bull Uses air ndash no molten salts oil watersteam bull Distributed or utility scale

Pre-engineered 300-400 kWe standardized modules (like wind) Competitive with PV potential to be competitive with coal

2nd Generation CSP 247Solar Plantstrade

5

TECHNOLOGY

ldquoIf you want to make something dirt cheap make it out of dirt Preferably dirt thatrsquos locally sourcedrdquo

Donald R Sadoway John F Elliott Professor of Materials Chemistry at MIT Voted one of Time magazinersquos 100 most influential people in the world in 2012

6

Developed with competitively-won funding from US Department of Energy1

Iiiiii

Brayton-Cycle Baseload Power Tower CSP System

Phase 2 Report US Department of Energy

December 2013

Funding Opportunity Announcement Number DE-FOA-0000104

Baseload Concentrating Solar Power Generation

Project Title Brayton-Cycle Baseload Power Tower CSP System

Project Period Phase 2 090111 ndash 093013

Project Budget Phases 1 and 2 $5728453

Submission Date 12302013

Recipient Wilson Solarpower Corporation

Address 150 Lincoln St Suite 3C

Boston MA 02111

Award Number DE-EE0003587

Project Team Wilson Solarpower German Aerospace Center (DLR)

Brayton Energy Saint-Gobain Oak Ridge National

Laboratory

Contact Bruce Anderson CEO

Phone 617-290-9913

Objective Next Generation CSP cheaper than fossil fuels2

September 2014

1 See httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF 2 247Solar purchased the technology from Wilson Solarpower in 2016

EngineeringandCostStudy

Brayton-CycleBaseloadPowerTowerCSPSystem

Phase1ReportUSDepartmentofEnergy

July2011

FundingOpportunityAnnouncementNumberDE-FOA-0000104

BaseloadConcentratingSolarPowerGeneration

Recipient Wilson Solarpower Corporation

Award Number EE003587

Project Team Wilson Solarpower DLR EZKlein WorleyParsons

Solaflect Energy

Contact Bruce Anderson

Phone 617-290-9913

Email BruceAndersonWilsonSolarpowercom

HIGH pressure system

bull Only 100 kWe

bull No thermal storage

bull Daytime only

7

New AMBIENT pressure operation not old HIGH pressure

LOW pressure system

bull 400 - 2000 kWe

bull 3 - 24 hours thermal storage

bull 24x7 operation

Huge system breakthrough

HIGH pressure receiver by DLR bull 60 cm aperture

bull ~035 MWth

bull Pressure vessel

bull 3 active cooling systems

8

Scaled up simplified proven technology

AMBIENT pressure receiver bull 200 cm aperture

bull ~25 MWth

bull Ambient pressure

bull No moving parts

Inletair

Ceramicfoamoutletabsorber

InletairWiremeshinletabsorber

Outletair

Quartzwindow

Huge component breakthrough

9

gt100-year-old proven thermal storage system

1 lt10 the cost of battery storage

2 3 - 4 m diameter 7 - 9 m tall

3 Firebrick spaced for airflow

4 970oC operation

5 No moving parts unlimited cycles

6 gt95 round trip efficiency

For more information about firebrick see httpsenwikipediaorgwikiFire_brick and httpwwwtraditionalovencomarticles84firebricks-heavy-dense-fire-clay-bricks

10

Next generation CSP 247Solar Planttrade

11

5 Plug-and-play subsystems

hhhhhhhh

2 Highly innovative

247SOLAR RECEIVERtrade

(air heating no moving parts)

4 Conventional microturbine

247SOLAR POWER BLOCKtrade (outfitted with

247Solar Heat Exchangertrade 247Solar Combustortrade)

1 OFF-THE-SHELF SUN-

TRACKING HELIOSTATS

(~4 acres (16000m2) per 400 kWe)

XXXX

X

SUNLIG

HT F

ROM

HELIO

STATS

XXXX

X

5 100+ year proven 247SOLAR THERMAL

STORAGE SYSTEMtrade(3-24 hours eg firebrick

no moving parts)

RECEIVER OUTLET ldquoHOT

AIRrdquo (970OC)

RECEIVER INLET ldquoWARM

AIRrdquo (650OC)

AIR FLOW warm air up hot air down

3 Conventional TOWER SYSTEM (~125ft 35m)

hh

247Solar Power Blocktrade

247Solar Receivertrade

P = 1

247Solar Thermal Storage Systemtrade

Main blower

Damper open

m = 27

m = 27

m = 17

m = 1

m = 17

Daytime solar operation Exhaust air from the turbine and the thermal storage are heated in the solar receiver Some of the air passes through the thermal storage and the remainder powers the turbine

Damper closed

Light from heliostats

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

m = 1

11

247Solar Receivertrade

Damper open

m = 0

m = 1

m = 1

m = 1

Night operation from storage Exhaust air from the turbine passes through the thermal storage in the opposite direction to power the turbine A combustor heats the air further if needed

Damper closed

m = 0

Main blower (off)

247Thermal Storage Systemtrade

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

247Solar Power Blocktrade

m = 1

12

13

247Solar Power Blocktrade

1 All factory-produced for rapid deployment low cost

2 Plug-and-play includes power electronics for grid connections

3 Powered by solar andor by a wide variety of fuels including biofuels

4 Firmly dispatchable 247

5 Simple low cost to operate maintain

6 Highly efficient from 33 electrical (Up to 80 using 15-2 million BTUhr useful industrial grade heat)

7 Multiple additional benefits for customers and grids

This article does a good job of covering the many special attributes of microturbines which is the core component of the 247Solar Power Block

httpforesternetworkcomdailyenergydistributed-generationmicroturbine-manufacturers-outline-the-benefits-of-distributed-energymqsc=E3863619amputm_source=WhatCountsEmailamputm_medium=Forester20FullForester20Daily20Newsletteramputm_campaign=FDN-12222016-Construction

Highly proven most versatile power generator in the world

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

3

Presenting 40-year solar industry leader and pioneer

Bruce N Anderson Co-founder CEO

bull Began solar career in 1973 with Masters degree at MIT

bull 40 years as CEO

bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL)

bull 1982 First ldquoLifetime Achievement Awardrdquo American Solar Energy Society

bull Author of 5 solar energy books

bull Twice testified to US Congress

bull Member MIT Corporation (Board of Trustees)

4

bull Mostly well-proven equipment low risk bull Simple operation simple maintenance bull Battery-like grid stabilization bull Uses air ndash no molten salts oil watersteam bull Distributed or utility scale

Pre-engineered 300-400 kWe standardized modules (like wind) Competitive with PV potential to be competitive with coal

2nd Generation CSP 247Solar Plantstrade

5

TECHNOLOGY

ldquoIf you want to make something dirt cheap make it out of dirt Preferably dirt thatrsquos locally sourcedrdquo

Donald R Sadoway John F Elliott Professor of Materials Chemistry at MIT Voted one of Time magazinersquos 100 most influential people in the world in 2012

6

Developed with competitively-won funding from US Department of Energy1

Iiiiii

Brayton-Cycle Baseload Power Tower CSP System

Phase 2 Report US Department of Energy

December 2013

Funding Opportunity Announcement Number DE-FOA-0000104

Baseload Concentrating Solar Power Generation

Project Title Brayton-Cycle Baseload Power Tower CSP System

Project Period Phase 2 090111 ndash 093013

Project Budget Phases 1 and 2 $5728453

Submission Date 12302013

Recipient Wilson Solarpower Corporation

Address 150 Lincoln St Suite 3C

Boston MA 02111

Award Number DE-EE0003587

Project Team Wilson Solarpower German Aerospace Center (DLR)

Brayton Energy Saint-Gobain Oak Ridge National

Laboratory

Contact Bruce Anderson CEO

Phone 617-290-9913

Objective Next Generation CSP cheaper than fossil fuels2

September 2014

1 See httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF 2 247Solar purchased the technology from Wilson Solarpower in 2016

EngineeringandCostStudy

Brayton-CycleBaseloadPowerTowerCSPSystem

Phase1ReportUSDepartmentofEnergy

July2011

FundingOpportunityAnnouncementNumberDE-FOA-0000104

BaseloadConcentratingSolarPowerGeneration

Recipient Wilson Solarpower Corporation

Award Number EE003587

Project Team Wilson Solarpower DLR EZKlein WorleyParsons

Solaflect Energy

Contact Bruce Anderson

Phone 617-290-9913

Email BruceAndersonWilsonSolarpowercom

HIGH pressure system

bull Only 100 kWe

bull No thermal storage

bull Daytime only

7

New AMBIENT pressure operation not old HIGH pressure

LOW pressure system

bull 400 - 2000 kWe

bull 3 - 24 hours thermal storage

bull 24x7 operation

Huge system breakthrough

HIGH pressure receiver by DLR bull 60 cm aperture

bull ~035 MWth

bull Pressure vessel

bull 3 active cooling systems

8

Scaled up simplified proven technology

AMBIENT pressure receiver bull 200 cm aperture

bull ~25 MWth

bull Ambient pressure

bull No moving parts

Inletair

Ceramicfoamoutletabsorber

InletairWiremeshinletabsorber

Outletair

Quartzwindow

Huge component breakthrough

9

gt100-year-old proven thermal storage system

1 lt10 the cost of battery storage

2 3 - 4 m diameter 7 - 9 m tall

3 Firebrick spaced for airflow

4 970oC operation

5 No moving parts unlimited cycles

6 gt95 round trip efficiency

For more information about firebrick see httpsenwikipediaorgwikiFire_brick and httpwwwtraditionalovencomarticles84firebricks-heavy-dense-fire-clay-bricks

10

Next generation CSP 247Solar Planttrade

11

5 Plug-and-play subsystems

hhhhhhhh

2 Highly innovative

247SOLAR RECEIVERtrade

(air heating no moving parts)

4 Conventional microturbine

247SOLAR POWER BLOCKtrade (outfitted with

247Solar Heat Exchangertrade 247Solar Combustortrade)

1 OFF-THE-SHELF SUN-

TRACKING HELIOSTATS

(~4 acres (16000m2) per 400 kWe)

XXXX

X

SUNLIG

HT F

ROM

HELIO

STATS

XXXX

X

5 100+ year proven 247SOLAR THERMAL

STORAGE SYSTEMtrade(3-24 hours eg firebrick

no moving parts)

RECEIVER OUTLET ldquoHOT

AIRrdquo (970OC)

RECEIVER INLET ldquoWARM

AIRrdquo (650OC)

AIR FLOW warm air up hot air down

3 Conventional TOWER SYSTEM (~125ft 35m)

hh

247Solar Power Blocktrade

247Solar Receivertrade

P = 1

247Solar Thermal Storage Systemtrade

Main blower

Damper open

m = 27

m = 27

m = 17

m = 1

m = 17

Daytime solar operation Exhaust air from the turbine and the thermal storage are heated in the solar receiver Some of the air passes through the thermal storage and the remainder powers the turbine

Damper closed

Light from heliostats

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

m = 1

11

247Solar Receivertrade

Damper open

m = 0

m = 1

m = 1

m = 1

Night operation from storage Exhaust air from the turbine passes through the thermal storage in the opposite direction to power the turbine A combustor heats the air further if needed

Damper closed

m = 0

Main blower (off)

247Thermal Storage Systemtrade

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

247Solar Power Blocktrade

m = 1

12

13

247Solar Power Blocktrade

1 All factory-produced for rapid deployment low cost

2 Plug-and-play includes power electronics for grid connections

3 Powered by solar andor by a wide variety of fuels including biofuels

4 Firmly dispatchable 247

5 Simple low cost to operate maintain

6 Highly efficient from 33 electrical (Up to 80 using 15-2 million BTUhr useful industrial grade heat)

7 Multiple additional benefits for customers and grids

This article does a good job of covering the many special attributes of microturbines which is the core component of the 247Solar Power Block

httpforesternetworkcomdailyenergydistributed-generationmicroturbine-manufacturers-outline-the-benefits-of-distributed-energymqsc=E3863619amputm_source=WhatCountsEmailamputm_medium=Forester20FullForester20Daily20Newsletteramputm_campaign=FDN-12222016-Construction

Highly proven most versatile power generator in the world

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

4

bull Mostly well-proven equipment low risk bull Simple operation simple maintenance bull Battery-like grid stabilization bull Uses air ndash no molten salts oil watersteam bull Distributed or utility scale

Pre-engineered 300-400 kWe standardized modules (like wind) Competitive with PV potential to be competitive with coal

2nd Generation CSP 247Solar Plantstrade

5

TECHNOLOGY

ldquoIf you want to make something dirt cheap make it out of dirt Preferably dirt thatrsquos locally sourcedrdquo

Donald R Sadoway John F Elliott Professor of Materials Chemistry at MIT Voted one of Time magazinersquos 100 most influential people in the world in 2012

6

Developed with competitively-won funding from US Department of Energy1

Iiiiii

Brayton-Cycle Baseload Power Tower CSP System

Phase 2 Report US Department of Energy

December 2013

Funding Opportunity Announcement Number DE-FOA-0000104

Baseload Concentrating Solar Power Generation

Project Title Brayton-Cycle Baseload Power Tower CSP System

Project Period Phase 2 090111 ndash 093013

Project Budget Phases 1 and 2 $5728453

Submission Date 12302013

Recipient Wilson Solarpower Corporation

Address 150 Lincoln St Suite 3C

Boston MA 02111

Award Number DE-EE0003587

Project Team Wilson Solarpower German Aerospace Center (DLR)

Brayton Energy Saint-Gobain Oak Ridge National

Laboratory

Contact Bruce Anderson CEO

Phone 617-290-9913

Objective Next Generation CSP cheaper than fossil fuels2

September 2014

1 See httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF 2 247Solar purchased the technology from Wilson Solarpower in 2016

EngineeringandCostStudy

Brayton-CycleBaseloadPowerTowerCSPSystem

Phase1ReportUSDepartmentofEnergy

July2011

FundingOpportunityAnnouncementNumberDE-FOA-0000104

BaseloadConcentratingSolarPowerGeneration

Recipient Wilson Solarpower Corporation

Award Number EE003587

Project Team Wilson Solarpower DLR EZKlein WorleyParsons

Solaflect Energy

Contact Bruce Anderson

Phone 617-290-9913

Email BruceAndersonWilsonSolarpowercom

HIGH pressure system

bull Only 100 kWe

bull No thermal storage

bull Daytime only

7

New AMBIENT pressure operation not old HIGH pressure

LOW pressure system

bull 400 - 2000 kWe

bull 3 - 24 hours thermal storage

bull 24x7 operation

Huge system breakthrough

HIGH pressure receiver by DLR bull 60 cm aperture

bull ~035 MWth

bull Pressure vessel

bull 3 active cooling systems

8

Scaled up simplified proven technology

AMBIENT pressure receiver bull 200 cm aperture

bull ~25 MWth

bull Ambient pressure

bull No moving parts

Inletair

Ceramicfoamoutletabsorber

InletairWiremeshinletabsorber

Outletair

Quartzwindow

Huge component breakthrough

9

gt100-year-old proven thermal storage system

1 lt10 the cost of battery storage

2 3 - 4 m diameter 7 - 9 m tall

3 Firebrick spaced for airflow

4 970oC operation

5 No moving parts unlimited cycles

6 gt95 round trip efficiency

For more information about firebrick see httpsenwikipediaorgwikiFire_brick and httpwwwtraditionalovencomarticles84firebricks-heavy-dense-fire-clay-bricks

10

Next generation CSP 247Solar Planttrade

11

5 Plug-and-play subsystems

hhhhhhhh

2 Highly innovative

247SOLAR RECEIVERtrade

(air heating no moving parts)

4 Conventional microturbine

247SOLAR POWER BLOCKtrade (outfitted with

247Solar Heat Exchangertrade 247Solar Combustortrade)

1 OFF-THE-SHELF SUN-

TRACKING HELIOSTATS

(~4 acres (16000m2) per 400 kWe)

XXXX

X

SUNLIG

HT F

ROM

HELIO

STATS

XXXX

X

5 100+ year proven 247SOLAR THERMAL

STORAGE SYSTEMtrade(3-24 hours eg firebrick

no moving parts)

RECEIVER OUTLET ldquoHOT

AIRrdquo (970OC)

RECEIVER INLET ldquoWARM

AIRrdquo (650OC)

AIR FLOW warm air up hot air down

3 Conventional TOWER SYSTEM (~125ft 35m)

hh

247Solar Power Blocktrade

247Solar Receivertrade

P = 1

247Solar Thermal Storage Systemtrade

Main blower

Damper open

m = 27

m = 27

m = 17

m = 1

m = 17

Daytime solar operation Exhaust air from the turbine and the thermal storage are heated in the solar receiver Some of the air passes through the thermal storage and the remainder powers the turbine

Damper closed

Light from heliostats

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

m = 1

11

247Solar Receivertrade

Damper open

m = 0

m = 1

m = 1

m = 1

Night operation from storage Exhaust air from the turbine passes through the thermal storage in the opposite direction to power the turbine A combustor heats the air further if needed

Damper closed

m = 0

Main blower (off)

247Thermal Storage Systemtrade

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

247Solar Power Blocktrade

m = 1

12

13

247Solar Power Blocktrade

1 All factory-produced for rapid deployment low cost

2 Plug-and-play includes power electronics for grid connections

3 Powered by solar andor by a wide variety of fuels including biofuels

4 Firmly dispatchable 247

5 Simple low cost to operate maintain

6 Highly efficient from 33 electrical (Up to 80 using 15-2 million BTUhr useful industrial grade heat)

7 Multiple additional benefits for customers and grids

This article does a good job of covering the many special attributes of microturbines which is the core component of the 247Solar Power Block

httpforesternetworkcomdailyenergydistributed-generationmicroturbine-manufacturers-outline-the-benefits-of-distributed-energymqsc=E3863619amputm_source=WhatCountsEmailamputm_medium=Forester20FullForester20Daily20Newsletteramputm_campaign=FDN-12222016-Construction

Highly proven most versatile power generator in the world

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

5

TECHNOLOGY

ldquoIf you want to make something dirt cheap make it out of dirt Preferably dirt thatrsquos locally sourcedrdquo

Donald R Sadoway John F Elliott Professor of Materials Chemistry at MIT Voted one of Time magazinersquos 100 most influential people in the world in 2012

6

Developed with competitively-won funding from US Department of Energy1

Iiiiii

Brayton-Cycle Baseload Power Tower CSP System

Phase 2 Report US Department of Energy

December 2013

Funding Opportunity Announcement Number DE-FOA-0000104

Baseload Concentrating Solar Power Generation

Project Title Brayton-Cycle Baseload Power Tower CSP System

Project Period Phase 2 090111 ndash 093013

Project Budget Phases 1 and 2 $5728453

Submission Date 12302013

Recipient Wilson Solarpower Corporation

Address 150 Lincoln St Suite 3C

Boston MA 02111

Award Number DE-EE0003587

Project Team Wilson Solarpower German Aerospace Center (DLR)

Brayton Energy Saint-Gobain Oak Ridge National

Laboratory

Contact Bruce Anderson CEO

Phone 617-290-9913

Objective Next Generation CSP cheaper than fossil fuels2

September 2014

1 See httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF 2 247Solar purchased the technology from Wilson Solarpower in 2016

EngineeringandCostStudy

Brayton-CycleBaseloadPowerTowerCSPSystem

Phase1ReportUSDepartmentofEnergy

July2011

FundingOpportunityAnnouncementNumberDE-FOA-0000104

BaseloadConcentratingSolarPowerGeneration

Recipient Wilson Solarpower Corporation

Award Number EE003587

Project Team Wilson Solarpower DLR EZKlein WorleyParsons

Solaflect Energy

Contact Bruce Anderson

Phone 617-290-9913

Email BruceAndersonWilsonSolarpowercom

HIGH pressure system

bull Only 100 kWe

bull No thermal storage

bull Daytime only

7

New AMBIENT pressure operation not old HIGH pressure

LOW pressure system

bull 400 - 2000 kWe

bull 3 - 24 hours thermal storage

bull 24x7 operation

Huge system breakthrough

HIGH pressure receiver by DLR bull 60 cm aperture

bull ~035 MWth

bull Pressure vessel

bull 3 active cooling systems

8

Scaled up simplified proven technology

AMBIENT pressure receiver bull 200 cm aperture

bull ~25 MWth

bull Ambient pressure

bull No moving parts

Inletair

Ceramicfoamoutletabsorber

InletairWiremeshinletabsorber

Outletair

Quartzwindow

Huge component breakthrough

9

gt100-year-old proven thermal storage system

1 lt10 the cost of battery storage

2 3 - 4 m diameter 7 - 9 m tall

3 Firebrick spaced for airflow

4 970oC operation

5 No moving parts unlimited cycles

6 gt95 round trip efficiency

For more information about firebrick see httpsenwikipediaorgwikiFire_brick and httpwwwtraditionalovencomarticles84firebricks-heavy-dense-fire-clay-bricks

10

Next generation CSP 247Solar Planttrade

11

5 Plug-and-play subsystems

hhhhhhhh

2 Highly innovative

247SOLAR RECEIVERtrade

(air heating no moving parts)

4 Conventional microturbine

247SOLAR POWER BLOCKtrade (outfitted with

247Solar Heat Exchangertrade 247Solar Combustortrade)

1 OFF-THE-SHELF SUN-

TRACKING HELIOSTATS

(~4 acres (16000m2) per 400 kWe)

XXXX

X

SUNLIG

HT F

ROM

HELIO

STATS

XXXX

X

5 100+ year proven 247SOLAR THERMAL

STORAGE SYSTEMtrade(3-24 hours eg firebrick

no moving parts)

RECEIVER OUTLET ldquoHOT

AIRrdquo (970OC)

RECEIVER INLET ldquoWARM

AIRrdquo (650OC)

AIR FLOW warm air up hot air down

3 Conventional TOWER SYSTEM (~125ft 35m)

hh

247Solar Power Blocktrade

247Solar Receivertrade

P = 1

247Solar Thermal Storage Systemtrade

Main blower

Damper open

m = 27

m = 27

m = 17

m = 1

m = 17

Daytime solar operation Exhaust air from the turbine and the thermal storage are heated in the solar receiver Some of the air passes through the thermal storage and the remainder powers the turbine

Damper closed

Light from heliostats

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

m = 1

11

247Solar Receivertrade

Damper open

m = 0

m = 1

m = 1

m = 1

Night operation from storage Exhaust air from the turbine passes through the thermal storage in the opposite direction to power the turbine A combustor heats the air further if needed

Damper closed

m = 0

Main blower (off)

247Thermal Storage Systemtrade

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

247Solar Power Blocktrade

m = 1

12

13

247Solar Power Blocktrade

1 All factory-produced for rapid deployment low cost

2 Plug-and-play includes power electronics for grid connections

3 Powered by solar andor by a wide variety of fuels including biofuels

4 Firmly dispatchable 247

5 Simple low cost to operate maintain

6 Highly efficient from 33 electrical (Up to 80 using 15-2 million BTUhr useful industrial grade heat)

7 Multiple additional benefits for customers and grids

This article does a good job of covering the many special attributes of microturbines which is the core component of the 247Solar Power Block

httpforesternetworkcomdailyenergydistributed-generationmicroturbine-manufacturers-outline-the-benefits-of-distributed-energymqsc=E3863619amputm_source=WhatCountsEmailamputm_medium=Forester20FullForester20Daily20Newsletteramputm_campaign=FDN-12222016-Construction

Highly proven most versatile power generator in the world

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

6

Developed with competitively-won funding from US Department of Energy1

Iiiiii

Brayton-Cycle Baseload Power Tower CSP System

Phase 2 Report US Department of Energy

December 2013

Funding Opportunity Announcement Number DE-FOA-0000104

Baseload Concentrating Solar Power Generation

Project Title Brayton-Cycle Baseload Power Tower CSP System

Project Period Phase 2 090111 ndash 093013

Project Budget Phases 1 and 2 $5728453

Submission Date 12302013

Recipient Wilson Solarpower Corporation

Address 150 Lincoln St Suite 3C

Boston MA 02111

Award Number DE-EE0003587

Project Team Wilson Solarpower German Aerospace Center (DLR)

Brayton Energy Saint-Gobain Oak Ridge National

Laboratory

Contact Bruce Anderson CEO

Phone 617-290-9913

Objective Next Generation CSP cheaper than fossil fuels2

September 2014

1 See httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF 2 247Solar purchased the technology from Wilson Solarpower in 2016

EngineeringandCostStudy

Brayton-CycleBaseloadPowerTowerCSPSystem

Phase1ReportUSDepartmentofEnergy

July2011

FundingOpportunityAnnouncementNumberDE-FOA-0000104

BaseloadConcentratingSolarPowerGeneration

Recipient Wilson Solarpower Corporation

Award Number EE003587

Project Team Wilson Solarpower DLR EZKlein WorleyParsons

Solaflect Energy

Contact Bruce Anderson

Phone 617-290-9913

Email BruceAndersonWilsonSolarpowercom

HIGH pressure system

bull Only 100 kWe

bull No thermal storage

bull Daytime only

7

New AMBIENT pressure operation not old HIGH pressure

LOW pressure system

bull 400 - 2000 kWe

bull 3 - 24 hours thermal storage

bull 24x7 operation

Huge system breakthrough

HIGH pressure receiver by DLR bull 60 cm aperture

bull ~035 MWth

bull Pressure vessel

bull 3 active cooling systems

8

Scaled up simplified proven technology

AMBIENT pressure receiver bull 200 cm aperture

bull ~25 MWth

bull Ambient pressure

bull No moving parts

Inletair

Ceramicfoamoutletabsorber

InletairWiremeshinletabsorber

Outletair

Quartzwindow

Huge component breakthrough

9

gt100-year-old proven thermal storage system

1 lt10 the cost of battery storage

2 3 - 4 m diameter 7 - 9 m tall

3 Firebrick spaced for airflow

4 970oC operation

5 No moving parts unlimited cycles

6 gt95 round trip efficiency

For more information about firebrick see httpsenwikipediaorgwikiFire_brick and httpwwwtraditionalovencomarticles84firebricks-heavy-dense-fire-clay-bricks

10

Next generation CSP 247Solar Planttrade

11

5 Plug-and-play subsystems

hhhhhhhh

2 Highly innovative

247SOLAR RECEIVERtrade

(air heating no moving parts)

4 Conventional microturbine

247SOLAR POWER BLOCKtrade (outfitted with

247Solar Heat Exchangertrade 247Solar Combustortrade)

1 OFF-THE-SHELF SUN-

TRACKING HELIOSTATS

(~4 acres (16000m2) per 400 kWe)

XXXX

X

SUNLIG

HT F

ROM

HELIO

STATS

XXXX

X

5 100+ year proven 247SOLAR THERMAL

STORAGE SYSTEMtrade(3-24 hours eg firebrick

no moving parts)

RECEIVER OUTLET ldquoHOT

AIRrdquo (970OC)

RECEIVER INLET ldquoWARM

AIRrdquo (650OC)

AIR FLOW warm air up hot air down

3 Conventional TOWER SYSTEM (~125ft 35m)

hh

247Solar Power Blocktrade

247Solar Receivertrade

P = 1

247Solar Thermal Storage Systemtrade

Main blower

Damper open

m = 27

m = 27

m = 17

m = 1

m = 17

Daytime solar operation Exhaust air from the turbine and the thermal storage are heated in the solar receiver Some of the air passes through the thermal storage and the remainder powers the turbine

Damper closed

Light from heliostats

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

m = 1

11

247Solar Receivertrade

Damper open

m = 0

m = 1

m = 1

m = 1

Night operation from storage Exhaust air from the turbine passes through the thermal storage in the opposite direction to power the turbine A combustor heats the air further if needed

Damper closed

m = 0

Main blower (off)

247Thermal Storage Systemtrade

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

247Solar Power Blocktrade

m = 1

12

13

247Solar Power Blocktrade

1 All factory-produced for rapid deployment low cost

2 Plug-and-play includes power electronics for grid connections

3 Powered by solar andor by a wide variety of fuels including biofuels

4 Firmly dispatchable 247

5 Simple low cost to operate maintain

6 Highly efficient from 33 electrical (Up to 80 using 15-2 million BTUhr useful industrial grade heat)

7 Multiple additional benefits for customers and grids

This article does a good job of covering the many special attributes of microturbines which is the core component of the 247Solar Power Block

httpforesternetworkcomdailyenergydistributed-generationmicroturbine-manufacturers-outline-the-benefits-of-distributed-energymqsc=E3863619amputm_source=WhatCountsEmailamputm_medium=Forester20FullForester20Daily20Newsletteramputm_campaign=FDN-12222016-Construction

Highly proven most versatile power generator in the world

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

HIGH pressure system

bull Only 100 kWe

bull No thermal storage

bull Daytime only

7

New AMBIENT pressure operation not old HIGH pressure

LOW pressure system

bull 400 - 2000 kWe

bull 3 - 24 hours thermal storage

bull 24x7 operation

Huge system breakthrough

HIGH pressure receiver by DLR bull 60 cm aperture

bull ~035 MWth

bull Pressure vessel

bull 3 active cooling systems

8

Scaled up simplified proven technology

AMBIENT pressure receiver bull 200 cm aperture

bull ~25 MWth

bull Ambient pressure

bull No moving parts

Inletair

Ceramicfoamoutletabsorber

InletairWiremeshinletabsorber

Outletair

Quartzwindow

Huge component breakthrough

9

gt100-year-old proven thermal storage system

1 lt10 the cost of battery storage

2 3 - 4 m diameter 7 - 9 m tall

3 Firebrick spaced for airflow

4 970oC operation

5 No moving parts unlimited cycles

6 gt95 round trip efficiency

For more information about firebrick see httpsenwikipediaorgwikiFire_brick and httpwwwtraditionalovencomarticles84firebricks-heavy-dense-fire-clay-bricks

10

Next generation CSP 247Solar Planttrade

11

5 Plug-and-play subsystems

hhhhhhhh

2 Highly innovative

247SOLAR RECEIVERtrade

(air heating no moving parts)

4 Conventional microturbine

247SOLAR POWER BLOCKtrade (outfitted with

247Solar Heat Exchangertrade 247Solar Combustortrade)

1 OFF-THE-SHELF SUN-

TRACKING HELIOSTATS

(~4 acres (16000m2) per 400 kWe)

XXXX

X

SUNLIG

HT F

ROM

HELIO

STATS

XXXX

X

5 100+ year proven 247SOLAR THERMAL

STORAGE SYSTEMtrade(3-24 hours eg firebrick

no moving parts)

RECEIVER OUTLET ldquoHOT

AIRrdquo (970OC)

RECEIVER INLET ldquoWARM

AIRrdquo (650OC)

AIR FLOW warm air up hot air down

3 Conventional TOWER SYSTEM (~125ft 35m)

hh

247Solar Power Blocktrade

247Solar Receivertrade

P = 1

247Solar Thermal Storage Systemtrade

Main blower

Damper open

m = 27

m = 27

m = 17

m = 1

m = 17

Daytime solar operation Exhaust air from the turbine and the thermal storage are heated in the solar receiver Some of the air passes through the thermal storage and the remainder powers the turbine

Damper closed

Light from heliostats

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

m = 1

11

247Solar Receivertrade

Damper open

m = 0

m = 1

m = 1

m = 1

Night operation from storage Exhaust air from the turbine passes through the thermal storage in the opposite direction to power the turbine A combustor heats the air further if needed

Damper closed

m = 0

Main blower (off)

247Thermal Storage Systemtrade

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

247Solar Power Blocktrade

m = 1

12

13

247Solar Power Blocktrade

1 All factory-produced for rapid deployment low cost

2 Plug-and-play includes power electronics for grid connections

3 Powered by solar andor by a wide variety of fuels including biofuels

4 Firmly dispatchable 247

5 Simple low cost to operate maintain

6 Highly efficient from 33 electrical (Up to 80 using 15-2 million BTUhr useful industrial grade heat)

7 Multiple additional benefits for customers and grids

This article does a good job of covering the many special attributes of microturbines which is the core component of the 247Solar Power Block

httpforesternetworkcomdailyenergydistributed-generationmicroturbine-manufacturers-outline-the-benefits-of-distributed-energymqsc=E3863619amputm_source=WhatCountsEmailamputm_medium=Forester20FullForester20Daily20Newsletteramputm_campaign=FDN-12222016-Construction

Highly proven most versatile power generator in the world

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

HIGH pressure receiver by DLR bull 60 cm aperture

bull ~035 MWth

bull Pressure vessel

bull 3 active cooling systems

8

Scaled up simplified proven technology

AMBIENT pressure receiver bull 200 cm aperture

bull ~25 MWth

bull Ambient pressure

bull No moving parts

Inletair

Ceramicfoamoutletabsorber

InletairWiremeshinletabsorber

Outletair

Quartzwindow

Huge component breakthrough

9

gt100-year-old proven thermal storage system

1 lt10 the cost of battery storage

2 3 - 4 m diameter 7 - 9 m tall

3 Firebrick spaced for airflow

4 970oC operation

5 No moving parts unlimited cycles

6 gt95 round trip efficiency

For more information about firebrick see httpsenwikipediaorgwikiFire_brick and httpwwwtraditionalovencomarticles84firebricks-heavy-dense-fire-clay-bricks

10

Next generation CSP 247Solar Planttrade

11

5 Plug-and-play subsystems

hhhhhhhh

2 Highly innovative

247SOLAR RECEIVERtrade

(air heating no moving parts)

4 Conventional microturbine

247SOLAR POWER BLOCKtrade (outfitted with

247Solar Heat Exchangertrade 247Solar Combustortrade)

1 OFF-THE-SHELF SUN-

TRACKING HELIOSTATS

(~4 acres (16000m2) per 400 kWe)

XXXX

X

SUNLIG

HT F

ROM

HELIO

STATS

XXXX

X

5 100+ year proven 247SOLAR THERMAL

STORAGE SYSTEMtrade(3-24 hours eg firebrick

no moving parts)

RECEIVER OUTLET ldquoHOT

AIRrdquo (970OC)

RECEIVER INLET ldquoWARM

AIRrdquo (650OC)

AIR FLOW warm air up hot air down

3 Conventional TOWER SYSTEM (~125ft 35m)

hh

247Solar Power Blocktrade

247Solar Receivertrade

P = 1

247Solar Thermal Storage Systemtrade

Main blower

Damper open

m = 27

m = 27

m = 17

m = 1

m = 17

Daytime solar operation Exhaust air from the turbine and the thermal storage are heated in the solar receiver Some of the air passes through the thermal storage and the remainder powers the turbine

Damper closed

Light from heliostats

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

m = 1

11

247Solar Receivertrade

Damper open

m = 0

m = 1

m = 1

m = 1

Night operation from storage Exhaust air from the turbine passes through the thermal storage in the opposite direction to power the turbine A combustor heats the air further if needed

Damper closed

m = 0

Main blower (off)

247Thermal Storage Systemtrade

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

247Solar Power Blocktrade

m = 1

12

13

247Solar Power Blocktrade

1 All factory-produced for rapid deployment low cost

2 Plug-and-play includes power electronics for grid connections

3 Powered by solar andor by a wide variety of fuels including biofuels

4 Firmly dispatchable 247

5 Simple low cost to operate maintain

6 Highly efficient from 33 electrical (Up to 80 using 15-2 million BTUhr useful industrial grade heat)

7 Multiple additional benefits for customers and grids

This article does a good job of covering the many special attributes of microturbines which is the core component of the 247Solar Power Block

httpforesternetworkcomdailyenergydistributed-generationmicroturbine-manufacturers-outline-the-benefits-of-distributed-energymqsc=E3863619amputm_source=WhatCountsEmailamputm_medium=Forester20FullForester20Daily20Newsletteramputm_campaign=FDN-12222016-Construction

Highly proven most versatile power generator in the world

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

9

gt100-year-old proven thermal storage system

1 lt10 the cost of battery storage

2 3 - 4 m diameter 7 - 9 m tall

3 Firebrick spaced for airflow

4 970oC operation

5 No moving parts unlimited cycles

6 gt95 round trip efficiency

For more information about firebrick see httpsenwikipediaorgwikiFire_brick and httpwwwtraditionalovencomarticles84firebricks-heavy-dense-fire-clay-bricks

10

Next generation CSP 247Solar Planttrade

11

5 Plug-and-play subsystems

hhhhhhhh

2 Highly innovative

247SOLAR RECEIVERtrade

(air heating no moving parts)

4 Conventional microturbine

247SOLAR POWER BLOCKtrade (outfitted with

247Solar Heat Exchangertrade 247Solar Combustortrade)

1 OFF-THE-SHELF SUN-

TRACKING HELIOSTATS

(~4 acres (16000m2) per 400 kWe)

XXXX

X

SUNLIG

HT F

ROM

HELIO

STATS

XXXX

X

5 100+ year proven 247SOLAR THERMAL

STORAGE SYSTEMtrade(3-24 hours eg firebrick

no moving parts)

RECEIVER OUTLET ldquoHOT

AIRrdquo (970OC)

RECEIVER INLET ldquoWARM

AIRrdquo (650OC)

AIR FLOW warm air up hot air down

3 Conventional TOWER SYSTEM (~125ft 35m)

hh

247Solar Power Blocktrade

247Solar Receivertrade

P = 1

247Solar Thermal Storage Systemtrade

Main blower

Damper open

m = 27

m = 27

m = 17

m = 1

m = 17

Daytime solar operation Exhaust air from the turbine and the thermal storage are heated in the solar receiver Some of the air passes through the thermal storage and the remainder powers the turbine

Damper closed

Light from heliostats

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

m = 1

11

247Solar Receivertrade

Damper open

m = 0

m = 1

m = 1

m = 1

Night operation from storage Exhaust air from the turbine passes through the thermal storage in the opposite direction to power the turbine A combustor heats the air further if needed

Damper closed

m = 0

Main blower (off)

247Thermal Storage Systemtrade

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

247Solar Power Blocktrade

m = 1

12

13

247Solar Power Blocktrade

1 All factory-produced for rapid deployment low cost

2 Plug-and-play includes power electronics for grid connections

3 Powered by solar andor by a wide variety of fuels including biofuels

4 Firmly dispatchable 247

5 Simple low cost to operate maintain

6 Highly efficient from 33 electrical (Up to 80 using 15-2 million BTUhr useful industrial grade heat)

7 Multiple additional benefits for customers and grids

This article does a good job of covering the many special attributes of microturbines which is the core component of the 247Solar Power Block

httpforesternetworkcomdailyenergydistributed-generationmicroturbine-manufacturers-outline-the-benefits-of-distributed-energymqsc=E3863619amputm_source=WhatCountsEmailamputm_medium=Forester20FullForester20Daily20Newsletteramputm_campaign=FDN-12222016-Construction

Highly proven most versatile power generator in the world

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

10

Next generation CSP 247Solar Planttrade

11

5 Plug-and-play subsystems

hhhhhhhh

2 Highly innovative

247SOLAR RECEIVERtrade

(air heating no moving parts)

4 Conventional microturbine

247SOLAR POWER BLOCKtrade (outfitted with

247Solar Heat Exchangertrade 247Solar Combustortrade)

1 OFF-THE-SHELF SUN-

TRACKING HELIOSTATS

(~4 acres (16000m2) per 400 kWe)

XXXX

X

SUNLIG

HT F

ROM

HELIO

STATS

XXXX

X

5 100+ year proven 247SOLAR THERMAL

STORAGE SYSTEMtrade(3-24 hours eg firebrick

no moving parts)

RECEIVER OUTLET ldquoHOT

AIRrdquo (970OC)

RECEIVER INLET ldquoWARM

AIRrdquo (650OC)

AIR FLOW warm air up hot air down

3 Conventional TOWER SYSTEM (~125ft 35m)

hh

247Solar Power Blocktrade

247Solar Receivertrade

P = 1

247Solar Thermal Storage Systemtrade

Main blower

Damper open

m = 27

m = 27

m = 17

m = 1

m = 17

Daytime solar operation Exhaust air from the turbine and the thermal storage are heated in the solar receiver Some of the air passes through the thermal storage and the remainder powers the turbine

Damper closed

Light from heliostats

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

m = 1

11

247Solar Receivertrade

Damper open

m = 0

m = 1

m = 1

m = 1

Night operation from storage Exhaust air from the turbine passes through the thermal storage in the opposite direction to power the turbine A combustor heats the air further if needed

Damper closed

m = 0

Main blower (off)

247Thermal Storage Systemtrade

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

247Solar Power Blocktrade

m = 1

12

13

247Solar Power Blocktrade

1 All factory-produced for rapid deployment low cost

2 Plug-and-play includes power electronics for grid connections

3 Powered by solar andor by a wide variety of fuels including biofuels

4 Firmly dispatchable 247

5 Simple low cost to operate maintain

6 Highly efficient from 33 electrical (Up to 80 using 15-2 million BTUhr useful industrial grade heat)

7 Multiple additional benefits for customers and grids

This article does a good job of covering the many special attributes of microturbines which is the core component of the 247Solar Power Block

httpforesternetworkcomdailyenergydistributed-generationmicroturbine-manufacturers-outline-the-benefits-of-distributed-energymqsc=E3863619amputm_source=WhatCountsEmailamputm_medium=Forester20FullForester20Daily20Newsletteramputm_campaign=FDN-12222016-Construction

Highly proven most versatile power generator in the world

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

247Solar Power Blocktrade

247Solar Receivertrade

P = 1

247Solar Thermal Storage Systemtrade

Main blower

Damper open

m = 27

m = 27

m = 17

m = 1

m = 17

Daytime solar operation Exhaust air from the turbine and the thermal storage are heated in the solar receiver Some of the air passes through the thermal storage and the remainder powers the turbine

Damper closed

Light from heliostats

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

m = 1

11

247Solar Receivertrade

Damper open

m = 0

m = 1

m = 1

m = 1

Night operation from storage Exhaust air from the turbine passes through the thermal storage in the opposite direction to power the turbine A combustor heats the air further if needed

Damper closed

m = 0

Main blower (off)

247Thermal Storage Systemtrade

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

247Solar Power Blocktrade

m = 1

12

13

247Solar Power Blocktrade

1 All factory-produced for rapid deployment low cost

2 Plug-and-play includes power electronics for grid connections

3 Powered by solar andor by a wide variety of fuels including biofuels

4 Firmly dispatchable 247

5 Simple low cost to operate maintain

6 Highly efficient from 33 electrical (Up to 80 using 15-2 million BTUhr useful industrial grade heat)

7 Multiple additional benefits for customers and grids

This article does a good job of covering the many special attributes of microturbines which is the core component of the 247Solar Power Block

httpforesternetworkcomdailyenergydistributed-generationmicroturbine-manufacturers-outline-the-benefits-of-distributed-energymqsc=E3863619amputm_source=WhatCountsEmailamputm_medium=Forester20FullForester20Daily20Newsletteramputm_campaign=FDN-12222016-Construction

Highly proven most versatile power generator in the world

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

247Solar Receivertrade

Damper open

m = 0

m = 1

m = 1

m = 1

Night operation from storage Exhaust air from the turbine passes through the thermal storage in the opposite direction to power the turbine A combustor heats the air further if needed

Damper closed

m = 0

Main blower (off)

247Thermal Storage Systemtrade

hhhhhhhh

247Solar Planttrade system diagram

P = Pressure m = Mass

247Solar Power Blocktrade

m = 1

12

13

247Solar Power Blocktrade

1 All factory-produced for rapid deployment low cost

2 Plug-and-play includes power electronics for grid connections

3 Powered by solar andor by a wide variety of fuels including biofuels

4 Firmly dispatchable 247

5 Simple low cost to operate maintain

6 Highly efficient from 33 electrical (Up to 80 using 15-2 million BTUhr useful industrial grade heat)

7 Multiple additional benefits for customers and grids

This article does a good job of covering the many special attributes of microturbines which is the core component of the 247Solar Power Block

httpforesternetworkcomdailyenergydistributed-generationmicroturbine-manufacturers-outline-the-benefits-of-distributed-energymqsc=E3863619amputm_source=WhatCountsEmailamputm_medium=Forester20FullForester20Daily20Newsletteramputm_campaign=FDN-12222016-Construction

Highly proven most versatile power generator in the world

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

13

247Solar Power Blocktrade

1 All factory-produced for rapid deployment low cost

2 Plug-and-play includes power electronics for grid connections

3 Powered by solar andor by a wide variety of fuels including biofuels

4 Firmly dispatchable 247

5 Simple low cost to operate maintain

6 Highly efficient from 33 electrical (Up to 80 using 15-2 million BTUhr useful industrial grade heat)

7 Multiple additional benefits for customers and grids

This article does a good job of covering the many special attributes of microturbines which is the core component of the 247Solar Power Block

httpforesternetworkcomdailyenergydistributed-generationmicroturbine-manufacturers-outline-the-benefits-of-distributed-energymqsc=E3863619amputm_source=WhatCountsEmailamputm_medium=Forester20FullForester20Daily20Newsletteramputm_campaign=FDN-12222016-Construction

Highly proven most versatile power generator in the world

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

14

Low risk

Iiiiii

Mostly proven off-the-shelf components

Subsystem

247Solar Power Block

Off-the-shelf 1000000s of hours of proven performance

247Solar Thermal Storage Systemtrade

gt100-year-old proven technology no moving parts

247Solar Receivertrade

Scaled up but simplified proven technology from DLR no moving parts

Heliostatsfield Off-the-shelf proven technology

Tower Conventional tower

Air Transport Subsystem

Conventional low-pressure ducts blowers dampers

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

15

Technology Roadmap

2 Develop MIT-invented ceramic turbine bull 35-40 increased turbine efficiency bull 25-35 system cost reduction bull Cost reduction of 1-2 centskWh

For continued cost reductions performances increases

3 Develop other technologies bull Phase change heat storage materials bull Modular water purificationdesalination bull High-efficiency coatings

1 Develop larger power sizes of each 247Solar Plant bull Like wind from 400 kWe today to ~2 MW in 3 years bull Cost reduction of ~2 centskWh

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

16

TECHNOLOGY COMPARISONS

ldquoI strongly believe 247Solar will deliver the cheaper and simpler solution that CSP must have to succeedrdquo

Jan Drathen Head of Concentrated Solar Power Fleet at EON Climate amp Renewables GmbH

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

17

Wind PV make case for standardization

Rapid steep declines due to FACTORY production and minimal site construction costs

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

18

247Solar Plants win

(Source Turning Up the Heat on Advanced Concentrating Solar Power by Lux Research LLC May 2014)

WHIT3E ADVANCE

Lower cost than PV and conventional CSP

WHIT3E ADVANCE

247Solar

12345

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

19

Conservatively costs drop ~7 with each doubling of cumulative production (compares with historical ~15 for PV)

Costs compiled by WorleyParsons DLR Saint Gobain EZ Klein Wilson Solarpower for US DOE Feasibility and Cost Study See

httpwwwostigovscitechsearchsemantic22Brayton-cycle20baseload20power20tower20csp20system22filter-resultsF

The Solar Advisor Model (SAM) developed by NREL (the National Renewable Energy Laboratory) was used by WorleyParsons to estimate

costs and performance for solar plants particularly LCOEs

CAPEX drops quickly with mass production

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

20

Cost of PV plus batteries bull First 8 hours $900kW bull Additional 16 hrs $1800kW bull 16 kWh of batteries $400kWh $6400kW

TOTAL $9200kW o Power after a day of no sunshine o Backup diesel genset Cost Complexity

Cost of 247Solar Plant

TOTAL $4500kW

Produces power 247 regardless of weather

Provides valuable waste heat 247 for other uses increasing the systemrsquos ROI

Comparison PV plus batteries

Assume dispatchable 247 power required

247Solar Plants are 50 cheaper

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

21

Midnight 6 am Noon 6 pm Midnight

Demand load

247Solar output

Typical daily load curve

Evening peak

Morning peak

247Solar responds perfectly to fluctuating demand

No extra storage or capacity required $$ saved

247Solar in red

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

22

CSP Comparison

Iiiiii

2nd generation 247Solar compared with 1st generation CSP

PowerTower ParabolicTrough LinearFresnel 247SolarPlants

Characteristic

ReliabilityConventionalreliability

Conventionalreliability ConventionalreliabilityHigh9sreliabilityduetomanymodulespersystem

Powercosts(US)

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

gt10centskWhnoobviouspathtolt8cents

Competitivetostart(10-13centskWh)highlycompetitivewithmassproductionlt6cents)

Permittingtocommissioning 3-4years 3-4years 3-4years

lt18monthspermittingerectioncommissioning

Customvsstandardized

Customeveryplantisunique

Customeveryplantisunique

Customeveryplantisunique

Mostlyfactorycomponentsforquickerection

Costs

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

50ofcostsinfactory50onsitewhichincreaseovertime

90ofcostsinfactorywhichdecrease~7witheachdoublingofoutput

Requiredskilllevel

Highly-skilled Highly-skilled Highly-skilled Semi-skilled

Environmentalissues

Useswateroilsandorsalts

Useswateroilsandorsalts

Useswateroilsandorsalts

NoneUsesairsomewaterforheliostatcleaning

Landtyperequirements

Typically2-5sqkmor28acresGWh-yrFlatlandidealroundsite

Typically2-5sqkmor

25acresGWh-yrRequiresveryflatlandrectangularsite

Typically2-5sqkmor17

acresGWh-yrRequiresveryflatlandrectangularsite

Aslittleas4acresor125

acresGWh-yrOKonrollinghillsirregularshapesevenlandfills

Scalability

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Large-scaleonlytiesintotransmissionsystem

Small-andlarge-scaletiesintoeithertransmissionordistributionsystemCanbestandalonenogridconnect

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

247Solar modernizes the power industry

23

Iiiiii

247SolarPlanttrade

PVandwind

Newconventionalpower

ElectricitypriceInflationfreeandpredictablebecausemostofthecostsareupfront

Inflationfreeandpredictablebecausemostofthecostsareupfront

Fuelcoststhelargestportionofelectricitycostsarevolatileunpredictableandpronetorise

Projectcosts

HigherCAPEXbut4to5timesmoreelectricityproducedperyearthanPVduetoeconomicalstorageandfuelbackupSignificantroomforcostreductionsgt50Reducescostofgrids

LowerCAPEXbutintermittentenergysooverallelectriccostssimilarComparedwith247SolarPlantslittleroomforfurthercostreductionsRedundantpowerplantsgridstoragerequired

CostskeeprisingeachyearRequirecostlybackuppowerplantsduringtheiroutagesandalsocostlytransmissionlines

Storage Lowcosthigh-efficiencythermalstorageallowsforon-demand247powerSmallhot-airturbinesnimblyrespondtodemandchanges

BatterystorageispossiblebutveryexpensiveandinefficientndashremainsintermittentOnly19-23capacityfactor(CF)

LargesteamturbinesareveryslowtorespondtodemandchangesandpronetooutagesOnly50-85capacityfactor(CF)

Gridbenefits Stabilizesthegridwithbattery-likeresponsivenesstodemandchangesandvoltagefluctuationsbothadistributedandcentralsolution

Theirunpredictabilityintermittentandvariableoutputandnon-dispatchabilityaddtogridoperationalchallenges

Theoldparadigmoflargecentralplantshascontributedtolessstableresilientgrids

ScalabilityFrommini-gridtoindustrialtoutilityscale400kWeto1000sMW

FromrooftoptoindustrialtoutilityscaleafewkWeto1000sMW

Largescaleonly

Environmental Minimalenvironmentalimpact Minimalenvironmentalimpact HugeenvironmentalimpactespeciallyCO2

Wateruse VerylowPrimarilyforheliostatwashing VerylowPrimarilyforpanelwashingnowaterneededforwind

Veryhighforsteamcondensation

PowerPlantRedundancy

Nobackuppowerplantsorspinningreservesrequiredmodularityguaranteesoutput247

Requiresbackuppowerplantswhenthesunisnrsquotshiningorthewindisnrsquotblowing

Requiresbackuppowerplantsampspinningreservesduringplannedandunplannedoutages

OampMLowbecauseoffewmovingpartsandhighMTBFs(15-25centskwh)alsoalow-pressureairsystem

PVhasfewmovingpartshighMTBFs(1-2centskWh)Panelefficiencydegrades~15yrWindhaslowMTBFproblems

HighestOampMbecauseofhigh-pressuresteamsystemsfuelrequirements(3-5centskWh)

ProjectCycleComparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Comparativelyshortduetomodularityall-factoryproductionandrapidon-siteassemblyofstandardizedmodules

Verylong5-8years

Localization Significantofsupplychaincanbemanufacturedldquoin-countryrdquo

Localcontentissmallexceptinverylargemarkets

Largemultinationalssupplythecomponentsengineeringandconstructionlittlelocalcontent

IndustrialIntegration

Generates247electricityandheatsteamforindustrialprocessesdesalinationrefrigerationdryingandotherapplications

ElectricitygeneratedbyPVwindcansupportindustrialprocessesbutneedabaseloadsourcetooffsetintermittencyandalsotoprovideheat

CHPwithsmallerturbinesiscommonbutrequirebackupsduringdowntimes

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

~ 16000 m2 (400 kW)

Heliostats (~30)

Thermal Storage (~15)

Logistics Construction amp Manufacture (~15)

Tower and Balance of PLant

(~10)

Localization of components

24

Typically gt60 local initially

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

25

TEAM

ldquoThis (247Solar) CSP solution is a revolution waiting to happenrdquo Beleacuten Gallego founding CEO

New Energy Update (formerly CSP Today PV Insider)

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

26

Bruce N Anderson Founder CEO 40-year solar industry leader and veteran bull Began solar career in 1973 with Masters degree at MIT bull 1980 Advisory Board Member National Renewable Energy Laboratory (NREL) bull 1982 First recipient ldquoLifetime Achievement Awardrdquo American Solar Energy Society bull Author of 5 solar energy books bull Twice testified to US Congress on energy matters bull Member MIT Corporation (Board of Trustees) bull 35-year career CEO including 15 with Wilson Solarpower and 247Solar Inc

Veteran Leadership Team

Bill Treece VP Engineering bull 45-year engineer of microturbine and related technology development amp project management bull SVP Capstone Turbine Strategic Technology (2003-2009) SVP Engineering (2001-2003) bull Solar Turbines Gas Turbine Product Engineering Manager bull Holds seven US patents plus four patents pending in gas turbines and two in CSP

gt200 years of technical and business success

Steven Walsh COO power project expert bull VP Middle EastSouth Asia and VP Government amp Legislative Affairs AES Corporation bull Principal Tier One Capital Management LLC bull CEOChief Re-structuring Officer TPG Power Holdings bull Program manager to rebuild Iraqrsquos electric grid in Iraq under US Mission Baghdad bull Over 35 years in military and civilian leadership roles bull 1979 graduate US Naval Academy

Joseph Z Perry VP Corporate Development bull President and CEO CHROMx CPV Solar cells bull President and CEO FlexEnergy Gas turbine and low quality methane eg landfill gas capabilities bull President and CEO WaveCrest Laboratories electric vehicle transportation bull Westinghouse Pressurized light water reactors bull President and CEO at CCI and a number of computer system software and hardware companies

Dr Boris Maslov CTO bull CEO CTO Ener-Core continuous energy from ultra-low quality gas bull President and CEO Energy One renewable energy project developer bull CTO WaveCrest Laboratories electric vehicle transportation bull Senior member of IEEE and holds more than 30 US and international patents bull Moscow Institute of Physics ampTechnology PhD Electrical Eng BS MS Electrical Eng and Computer Science

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

27

German Aerospace Center (DLR) - Germany

bull Worldrsquos largest most experienced center of excellence for Brayton power towers

bull Principal partner to develop 247Solar Receivertrade

WorleyParsons ndash Australia bull Global utility engineering firm

bull Did costing and LCOEs

Saint-Gobain ndash France bull Global construction products manufacturer

bull Principal partner to develop 247Solar Thermal Storage Systemtrade

Oak Ridge National Laboratory ndash US bull US governmentrsquos premier materials-testing lab

bull Cycle tested super alloy for 247Solar Heat Exchangertrade

Key Global Partners

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

28

bull David M Walker Senior Vice President of Bechtel Group (retired)

bull S David Freeman former head of the Sacramento Municipal Utility District (SMUD) the Tennessee Valley Authority (TVA) the New York Power Authority and the Los Angeles Department of Water and Power (DWP)

bull Robert Hemphill former CEO of AES Solar and Executive Vice President of AES Corp (retired)

bull Dave Belote former Commander of Nellis Air Force Base bull Kymus Ginwala former CEO of Northern Research and Engineering

Corporation (NREC) a global advanced technology development company and part of the worldwide Ingersoll-Rand group

Board of Advisors Respected veterans volunteer their support

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

29

bull Two pilot 247Solar Plants in process in two different countries

bull MOU with first customer for a 10 MW commercial power project

bull MOUs with exclusive commercialization partners in two of the three largest CSP markets

bull Signed MOU to build commercial Plants in South Africa

bull Active discussions throughout Africa the MENA region and Australia to build commercial Plants

Status The commercialization process is accelerating

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar

Bruce Norman Anderson CEO

247Solar Inc 011-617-290-9913

www247Solarcom

Wilson 24Solar Plant 20 megawatts

ssssssshhss

The 247Solar Planttrade is a dream come true for the 21st century---a solar power plant with built in storage to generate electricity economically any time day or night - S David Freeman former head Sacramento Municipal Utility District

(SMUD) Tennessee Valley Authority (TVA) New York Power Authority and Los Angeles Department of Water and Power (DWP)

2nd generation baseload solar