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2005-2050 THE COMMERCIAL DEVELOPMENT OF

SOLAR POWER

Graham Ford, CEOHelioDynamics Ltd

www.heliodynamics.com

Cambridge Energy Forum

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IRRESISTABLE FORCESOIL & GAS PRICES, GLOBAL WARMING

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1860 1880 1900 1920 1940 1960 1980 2000 2020

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160 years of crude oil prices, in gold

Long range trends?

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EUROPEAN ENERGY TRANSFORMEDCONSERVATION & RENEWABLES

Modern energy sustainability:• Pan-European grid• Demand met by lower cost solar, bio-fuel,

wind, wave and sequestered-carbon coal• Transport oil-use standards and bio-fuels• Materials re-use

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A CHINK OF LIGHTSOLAR ENERGY BECOMES A BUSINESS

• In 2005 - 2008, HelioDynamics brought to market 3 concentrated solar energy products

• The cost of solar energy fell to that of wind and nuclear

• Europe invested in solar as well as biofuel, wind, wave and sequestration

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HOW HD TRANSFORMED SOLARMORE FROM LESS

Lower cost• Glass concentrating

mirrors – made from flat

• Minimal wind cross-section

• Easy tracking

More value• 3 x efficiency • 30 x power per wafer• 3-day storage• S. Europe & N. Africa

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Rooftop – ‘Harmony’

Product – 1-axis concentrating solar CHP that provides air-conditioning, heat and quiet power.

Market – buildings

LOWEST COST SOLAR ENERGY

Solar CHP - 10 kWheat + 1.5 - 2 kWe per module

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LOW COST SOLAR ENERGYDistributed power – ‘Concerto’

Product –2-axis concentrating solar that provides electricity highly efficiently.

Markets – summer daytime power

2nd Generation Gallium Arsenide cell technology

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Process heat & 24/7 Power – ‘Serenade’

Product – 24/7 large scale 2-axis concentrating solar

600 C

3-day storage

Markets – Industry and load-following generation

LOWEST COST SOLAR ENERGY

Solar heat 1000 kW / module

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HELIODYNAMICS SOLAR PRICE CURVESOLAR POWER WHOLESALE PRICE €c/kWh

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HELIODYNAMICS GROWTH

• Through its strong IPR base, HelioDynamics first round funding occurred 2006

• Buoyed by its operational achievements, it went public in 2009

• Today, it is the largest supplier of new power capacity globally and operates >100 GW of power capacity

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TRANSFORMED TRANSPORT NEARER, GREENER & LIGHTER

Lighter• Light-body vehicles, • Reduced top speeds,• Shared-vehicle commuting

Greener• Imported bio-diesel & bio-

ethanol• Corituba-style hybrid

buses• Bus-bike commuting

Nearer• Reduced commuting

distances to smaller organisations:– multiple skills– web-working from

local office or home

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TRANSFORMED BUILDINGSCOMFORT WITHOUT FUEL

PASSIVE HOUSES• Cut heat losses by

90%• Retrofit by cladding• Heat from heat

pumps, solar or bio-fuel

PASSIVE LIGHTING• Low-rise buildings

day-lit • LED lighting

standards• Solar

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A PASSION FOR EFFICIENCYJUST LIKE NATURE

Efficiency doubling has been achieved through mandated use of:

• Intelligent controls and web-based demand management• Day-lighting, LED and compact fluorescent lighting• Solar HVAC and hot-water• No direct electric heating of buildings or hot water systems• Insulation doubling of buildings, tanks, fridges & freezers• High efficiency appliances• Low thermal mass cooking ovens• Deep materials recycling• Mandated maintainability, durability and reliability standards

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SCALING THE HEIGHTSSUCH RAPID GROWTH

• It takes 3 – 10 years to implement a pressurised water reactor

• It takes 3 days to install an offshore wind turbine or a solar distributed power system

• It takes 6 months to implement a 1 GW solar+biomass steam generator.

• Just 4% of the land area supplies biomass to meet the grid power requirement not covered by wind, wave & solar.

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THE SUNLIT UPLANDSENERGY MIX IN 2050

Primary energy generation mix is:

• Concentrated solar – 35% using 3-day thermal storage steam & day-time solar CHP

• Wind – 15%• Wave – 15%• Biomass – 20%• Sequestered coal – 15%

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2005-2050THE COMMERCIAL DEVELOPMENT OF

SOLAR POWER

www.heliodynamics.com

Cambridge Energy Forum