DYESOL (AU:DYE) THE REVOLUTION IN 3 RD GENERATION SOLAR TECHNOLOGY

Transcription

1 DYESOL (AU:DYE) THE REVOLUTION IN 3 RD GENERATION SOLAR TECHNOLOGY MANAGING DIRECTOR, RICHARD CALDWELL OCTOBER 2015

2 Disclaimer This presentation includes forward-looking statements that are subject to many risks and uncertainties. These forward-looking statements, such as statements about Dyesol s short-term and long-term growth strategies, can sometimes be identified by use of terms such as intend, expect, plan, estimate, future, strive, and similar words. These statements involve many risks and uncertainties that may cause actual results to differ significantly from what may be expressed or implied in these statements. Dyesol has taken care in the preparation of this presentation and believes that all statements are made in good faith and based on reasonable grounds. However, readers are cautioned not to put undue reliance on forward-looking statements. Dyesol disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise. 2

3 DYESOL THE COMPANY 3

4 VISION Dyesol s vision is to create a viable low cost source of electricity with the potential to disrupt the global energy supply chain and energy balance. Dyesol s solution uses low cost and readily available materials, proven non-toxic application methods and is cost-effective to manufacture. It also works in all light conditions including shade, pollution and cloud. This adds up to one simple proposition lower cost electricity available at the point of generation at the lowest possible cost to the customer, for as long as the sun shines. The game is large and the prize is huge. It s about securing our energy future, now, and for generations to come. Ian Neal Chairman, Dyesol, September

5 ABOUT DYESOL Dyesol is a global leader in the development and commercialisation of Perovskite Solar Cell (PSC) technology Australian clean-tech company 56+ employees, established 2004 Highly educated and specialist R&D team 3rd generation solar technology - $120 million+ investment in R&D Publicly listed Australia and Germany with 7,000+ investors Utility and Building Integrated Photovoltaic (BIPV) Technology focus $96M raised in public capital markets - strategic investor 2013 High growth, high demand market sector Strategic global partnerships = Capital-Light Business Model Key IP blocks and EPFL licensee Subsidiaries around the world - Italy, South Korea, Switzerland, UK & USA Accelerated commercialisation of PSC - Manufacturer and supplier of materials to Demonstration 2016, Pilot Line 2017, more than 56 countries Mass Production

6 BUSINESS MODEL AND CAPITAL STRUCTURE Dyesol Business Model: Dyesol is a manufacturer of key PSC materials, Next-Gen technology provider & a manufacturing Joint Venture partner. Dyesol partners with leading multinational manufacturers that possess strong brands and established routes to market that are seeking to embed PSC technology into their products to diversify their product offering. Dyesol Partnership Experience: Institutio nal Insiders 40% >7000 Shareholders Profile European/ UK 26% Australian Retail 30% Equity Snapshot Ticker ASX/Germany DYE / D5I 12 Month Range A$0.20 A$0.295 Shares Outstanding M Market A$100 million As at 19 October D5I

7 PEROVSKITE SOLAR CELLS 7

8 EVOLUTION OF TECHNOLOGY 1 1st Generation Mono & Poly Crystalline Silicon 2 2nd Generation - Thin Film Semiconductor e.g. CdTe, CIGS 3 3rd Generation Perovskite Solar Cells Third generation PV includes multiple technologies that seek to improve upon first two generations through a combination of cost reduction, increased energy efficiency, improved aesthetics, and opportunity for product integration. Its heritage is in OPV and DSC. 8

9 BENEFITS Uses Abundant and Non-Toxic Materials Low manufacturing costs - simple processes, low embodied energy Good efficiency in low light - stable efficiency Aesthetic colours and features wide range of colours and uses Flexibility light weight, can be incorporated into building materials Scalable R2R & S2S processes makes high volumes achievable Durability eliminates thermal expansion issue, corrosion 9

10 PROVEN PERFORMANCE Since mid-2012 rapid efficiency improvement with Perovskites Efficiency improvement remains on a steep trajectory & 1,000+ hours of 1-Sun Light Soaking stability at strip cell level. Thermal Degradation (85 C) milestone to follow. PSC has caught up with, and surpassed liquid/solvent-based systems. Now comparable with traditional silicon cell efficiencies. 10

11 PRODUCT AND COMMERCIALISATION 11

12 THE PRODUCT Market Entry Strategy: 1. Utility PV 2. BAPV 3. BIPV This unique technology can be integrated into glass, metal, cement and polymeric building materials to generate energy even in low light conditions in multiple applications. 12

13 COMMERCIALISATION SCHEDULE 13

14 MARKET SHARE DRIVERS Golden Triangle = Cost, Efficiency, Life Levelised Cost of Electricity (LCOE) LCOE catalyst for market share capture. Calculated by summing all the costs incurred during the lifetime of the project expressed in dollars per kwh ($/kwh). Currently < A10c/ kwh. Allows a comparison between different generating technologies and unequal lifetimes to be made. Solar competitiveness measured by the Golden Triangle = Cost, Efficiency, Life Achieving the Golden Triangle is critical to capture of market share. High efficiency, low cost and 20 year+ life span will open up the holy grail of solar BIPV. 14

15 MARKET PROJECTIONS FACTS Potential for Alternative Technologies Global PV demand to exceed 50 GW in 2015.* The Global Alternative Photovoltaic Solar Cell Technologies market is estimated at $16.24 billion in 2014 and is expected to reach $38.25 billion by 2022 growing at a CAGR of 11.30% from ** The European Union has directed by 2020, all buildings in the EU should include a net zero energy component. In the US, all new commercial construction in California will be zero energy building (ZEB) by BIPV potential PSC is a game-changer enabling all building surfaces, in all directions, to be used to generate clean energy, even in low-light. Global BIPV market set to grow to more than US $6 billion by 2017 and nearly $ 23 billion by Growth in BIPV will be at the expense of conventional solar panels in the market today. *Source: Top Solar Industry Trends for 2015, IHS **Source: August 2015 Statistics, MRC 15

16 RECENT ANNOUNCEMENTS: STABILITY BREAKTHROUGH & ARENA Wednesday, 9 Sep 2015 In a world-first, Dyesol demonstrates 1,000 hours Light Soaking stability on strip cells 1,000 hours 85 ºC Thermal Degradation milestone to follow Light Soaking and Thermal Degradation make up IEC the international gold standard for thin-film PV solar accreditation Dyesol has technology roadmap to continue to scale from strip cells to modules and finally Major Area Demonstration prototype panels prior to mass manufacture Thursday, 1 Oct 2015 $449,000 Australian Renewable Energy Agency (ARENA) funding for short-term project to demonstrate commercial viability of Perovskite Solar Cell technology Milestones focussed on high efficiency and durability The agreement paves way for further negotiation for major Australian collaboration with industry, scientific institutions, including CEFC Dyesol in the sweet spot for Australian Government focus on sophisticated, nextgeneration renewable energy Enormous potential for value-add to Australia s vibrant building materials industry 16

17 FUTURE DEVELOPMENTS? Successful completion of further quarterly Technology Development Plan technical milestones Potential announcement of a global Major Area Demonstration engineering partner Confirmation of a successful Turkish prototype project Possible access to additional Australian Government financial support Emerging Industrialisation of PSC for Australian markets and export 17

18 FOLLOW (German) Dyesol Australia Ltd Subscribe Online Social Media 18 D5I

19 APPENDIX

20 DYESOL TECHNOLOGY 20

21 PSC ARCHITECTURE Human Hair Si Solar Cell Liquid DSC PSC 500 nanometres Titania Dye Liquid Electrolyte Nano-Platinum Catalyst Titania Perovskite Light Absorber Solid Hole Transport Material 21

22 MESOSCOPIC SOLAR CELL EVOLUTION Dye + Solid Perovskite HTM Glass Substrate Dye + Liquid Electrolyte Glass Substrate Dye + Solid Organic HTM Glass Substrate Glass Substrate Glass Substrate Metal Contact Perovskite + Carbon Glass Transparent Conducting Oxide Perovskite + Liquid Electrolyte Glass Substrate Perovskite + Solid Organic HTM Glass Substrate Glass Substrate Metal Contact Glass Substrate Glass Substrate Planar Perovskite + HTM Glass Substrate Perovskite Light Absorber Organic Hole Transport Material Metal Contact Metal Contact Metal Contact

23 PSC ARCHITECTURE Porous Carbon Glass Low Work Function TCO (FTO) TiO 2 Blocking Layer Low-Temperature Carbon Glass Low Work Function TCO (FTO) TiO 2 Blocking Layer

24 NREL CHART Source: 24

25 THANK YOU 25