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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