konarka technologies, inc....2003/09/08 · 2 september, 2003 © 2003, konarka technologies, inc....

© 2003, Konarka Technologies, Inc.September, 2003

Konarka Technologies, Inc.From Light to Power

Enabled by Nanotechnology

Innovator of polymer photovoltaic products in a variety of form factors

for commercial, industrial and consumer applications

Flexible Lightweight Indoor/OutdoorMission-Designed Low cost

2

September, 2003

© 2003, Konarka Technologies, Inc.

FinancingCompleted $13.5 Million B round, Fall ‘02

Lead: Draper Fisher Jurvetson ~ $18 million in total financing to date

Late 2004 C RoundMid-stage institutional equity investors

3

September, 2003


Experienced Leadership and Technical Excellence

Dr. Bill BeckenbaughPresident and CEO

Randolf ChanVP

Manufacturing andEngineering

Kevin McGuireController

Dr. Russell GaudianaVP

Research andDevelopment

Howard BerkeVP (Acting) of

BusinessDevelopment

16 years in highvolume graphicsand electronics

Avery Dennison,Raychem, E Ink

20 years in financialmanagement in highvolume electronics

28 years in R&Dleadership in

technical coatings36+ Patents

Dr. Erhard GlotzlManaging Director

(acting)Konarka Austria

CEOLinz AG

Electricity and Gasregional utility

30 years as executive with extensive marketing and technology leadership; Western Electric, Motorola, Hadco, Sanmina-SCI

4

September, 2003


Expert Advisors15 world-class technical advisors, including:

Dr. Alan Heeger, Nobel Laureate, all-polymer PVDr. Michael Graetzel, EPFL, dye-based cellsDr. Alan Bard, University of TexasDr. Serdar Sariciftci, Linz Inst. for Organic Solar Cells Dr. Jack Hanoka, CTO-Evergreen SolarDr. Elliot Berman, founder SPC, CTO-Arco SolarDr. Merrill Cohen, GE (retired)Dr. Jayant Kumar, University of MassachusettsDr. Joan Vrtis, Rose Street Labs, IntelDr. Frank Shemansky, Consultant, Orchid BioSciences, Motorola, Bruce Anderson, IGNITE! StartupsPaul Wormser, Consultant, PV Products Market

5

September, 2003


People & Skills

Board of Directors

Raj AtluruDirector / Comp

Partner, Draper Fisher Jurvetson, Redwood City, CA

Dr. Bill BeckenbaughDirector / Audit

President, CEO, Konarka Technologies

Howard BerkeChairman / Audit / Comp

25+ year Executive & Founder of 12 technology companies

Dr. Alan HeegerDirector

Nobel Laureate in Chemistry for conducting polymers in OLEDs and photovoltaics (2000), Uniax founder, University of California

Bic StevensDirector / Audit / Comp

Managing Director, Zero Stage Capital, Cambridge, MA

6

September, 2003


Organization

Operating Structure

Konarka Technologies, Inc.HeadquartersBusiness DevelopmentProduct DevelopmentPilot ManufacturingCell Process OptimizationForm Factor Development

Konarka AG (Switzerland)Business DevelopmentTechnology LiaisonEU R&D Funding / Grants

Konarka Austria GmbH Polymer Cell R&D FocusThird Party R&D Cost Sharing-EU

7

September, 2003


100

1,000

10,000

100,000

1985 1990 1995 2000 2005 2010 2015 2020 2025Year

Elec

tric

ity C

onsu

mpt

ion

per c

apita

(kW

h)

China

India

U.S.

Global Average (2050 Target)

Minimum Consumption(2050 Target)

Source: EPRI, US DOE 2000

Global Demand for Energy

8

September, 2003


Photovoltaics (“PV”)

The conversion of light into electricity

Silent, no maintenance, no fuel, no emissions

The lowest cost option for remote applications

Recognized as part of the solution to the global need for electricity and clean energy

Generator of Choice for >2 billion people

Option for all of us

9

September, 2003


Markets & Applications

PV Production in MegawattsRepresenting a global market of $7 Billion

34 40 47 55 58 60 69 78 89 126155

201

288

390

520

050

100150200250300350400450500550

1988

1990

1992

1994

1996

1998

2000

2002

Rest of WorldEuropeJapanUnited StatesTotal

35% growth – 2001 to 2002Source: PV News, Paul Maycock, editor

10

September, 2003


Goals and Strategy

Konarka’s StoryWhat: Energy conversion of light electricity

Based on nanomaterials and conductive polymersHigh-speed roll-to-roll manufacturing on plastic & metal foilsUnique product benefits for new applications

Why: Growing existing market / enable new markets World market solar industry CAGR > 35%

Who: Superior team31 staff, 15 advisors, experienced Board

How: Blocking and enhancing IP20+ patents issued and pending Supporting IP from UMass (exclusive), EPFL (sole US licensee), JKU-Linz (exclusive)Strategic investors & partners - Chevron Texaco and Eastman Chemical

11

September, 2003


Technology & IP

PV TechnologiesCrystalline Silicon on Glass

1st generation (developed in the 70s) semiconductor wafer in glass, complex manufacturing process

Thin Film (majority on glass)2nd generation (developed in the 80s) requires low-pressure, high-temperature film deposition, expensive packaging, complex manufacturing process

Polymers & Nanomaterials3rd generation (developed in the 90s) uses photoactive dyes, conducting polymers, high-speed manufacturing process at low temperature, low cost materials, scaleable

12

September, 2003


Photovoltaic Nanotech Companies

Nanosolar – nanoparticles (20 - 40nm)Titania - dye sensitized

Hitachi-MaxellTitania – dye sensitized

Nanosys – quantum dots (<10nm)CdSe, PbS

Evident Technologies – quantum dots (<10nm)CdSe, PbS

13

September, 2003


Technology & IP

KTI’s Vision: Light-weight, Flexible Photovoltaics

Plastic or Metal foilCounter Electrode

0.010 inches

Plastic Active LayerTransparent Conductor

14

September, 2003


Dye Cell Principle of OperationTransparent Conductor Electrolyte CathodeTiO2 Dye

Injection

Maximum voltage

MediatorOxRed

Interception

So/S+

S*-0.5

vs N

HE

(V)

0.0

hυ

E

0.5

Diffusion

1.0

15

September, 2003


SEM of Nanostructured Titania

16

September, 2003


Technology & IP

Polymer Cell Schematic

Transparent substrate

Transparent substrate

Light

17

September, 2003


Technology & IP

Fullerenes Carry Electrons

Fullerene (60 atoms of carbon)

Fullerenes are carbon moleculesElectrons can freely move around the molecule and “hop” to adjacent fullerene

18

September, 2003


Technology & IP

Fullerene / Polymer Function

19

September, 2003


Increasing Performance:Matching the Solar Emission

1. Increase absorption• Higher absorption coefficient; Higher charge carrier mobility

2. Shift of the absorption to red• Low Band Gap Polymers

20

September, 2003


Technology & IP

Complementary Materials Platforms

HybridHybridDyeDye--Sensitized Sensitized

TitaniaTitania(Go(Go--ToTo--Market)Market)

Conducting Conducting PolymersPolymers

(R&D)(R&D)

21

September, 2003


Dye vs. PolymerAttributes Dye Polymer

Efficiency + Absorbs broad spectrum+ Thin (but absorbs more light)+ High electron mobility

- Low efficiency (today) - Too thin to absorb all light+ Potential for multi-layer junctions

Lifetime > 10 years Undetermined

Cost - Multiple coating steps- Catalyst cost

+ Single layer (no catalyst or electrolyte)

+ Single coating step

Features + Thin+ Light weight+ Flexible+ Colors (sacrifice efficiency)

+ Thin+ Light weight+ Increased Flexibility+ Unique form factors

22

September, 2003


Choice of Materials & Process

Material Purpose Advantage Disadvantage

TiO2 Absorb light, convey electron

Absorb light, inject electron into TiO2

Nanoscale TiO2 Increase surface area 100x

Commodity (low cost)

Requires sintering

Semiconductor, abundant, low cost

Only works with UV

Dye Bonds to TiO2, absorbs broad spectrum of light

Too thin to absorb all available light

23

September, 2003


Product AttributesCost Flex Form

FactorTrans-mission

Color Weight Indoor, Outdoor

Use Eff

Konarka3rd generation

Thin Films2nd generation

Crystalline1st generation

Cost Flex Form Factor

Trans-mission

Color Weight Indoor, Outdoor

Use Eff

Thin Films2nd generation

Crystalline1st generation

Signifies significant competitive advantage

Signifies moderate competitive advantage

Signifies distinct disadvantage

24

September, 2003


Features Open Opportunities

Dis

tribu

ted

AC

Grid

Indu

stria

l Off

Grid

Milit

ary

Por

tabl

e E

lect

roni

cs

Off-

Grid

Res

iden

tial

BatteryCharging

Dis

posa

ble

Increasing capability and opportunity

Dis

tribu

ted

DC

Grid

2001 TAM2010 TIM

300 MW100 MW50 MW10 MW40 MW120070040025200

TAM per PV News; TIM per EPIA Forecast (Mil. By KTI)

25

September, 2003


First Products

26

September, 2003


Markets & Applications

Portable Applications

Personal LAN Appliances

Self-charging batteryWireless instrumentation

27

September, 2003


Military / Civil / Emergency

Flexible Light-weightCharger

Wearable Power

PowerCloth™

28

September, 2003


Technology & IP

Product Vision-Photovoltaic Fibers*

POS POS

POS

NEG

NEG NEG

POS POS

POS

NEG

NEG NEG

Conductive Core

Dyed, sintered Titania

Solid State Electrolyte

Transparent Cathode

Transparent Insulator

Conductive Core

Dyed, sintered Titania

Solid State Electrolyte

Transparent Cathode

Transparent Insulator

*Patents applied for in 2002

29

September, 2003


Coating Production Process Applicable to all Materials Platforms

“Roll-to-roll” on plastic

Continuous coating

Utilize existing plants(corporate partners)

Conventional methods

No capacity constraints

30

September, 2003


KTI Commercialization Process

ConceptConcept Feasibility Feasibility Development PreDevelopment Pre--MfgMfg CommercializationCommercializationAssessmentAssessment

?Idea

Gate 0

Gate 1

Gate 2

Gate 3

Gate 4

Gate 5

Stage 1Stage 2

Stage 3Stage 4

Stage 5

Technologists

Sales

Anywhere

Polymer Cell

TiO2 DyeCell

Customers

31

September, 2003


Technology Benchmark and Goals20% KTI

Polymer PVFuture

PolycrystallineSi

15%

Low High$/Watt

Eff

icie

ncy

5%

10%

Thin FilmAmorphous SiKTI

Polymer PVToday

KTI DSSC PV

Today

KTI DSSC PV

Future

32

September, 2003


Preliminary Production Ramp Scheduleand Module Efficiency Goals for KTI-Lowell Pilot Production

2003 2004 2005 2006 2007

Technology Development DSSC

Product and Process Development and Scale-up

Product Launch:

5% Module

1 MW*

Production:

6% Module

3 MW*

Production:

7% Module

4 MW*

* Production Capacity – 3 shifts / 6 days per week.

33

September, 2003


Conclusions

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

CZ

Cast

a-Si

CdTe

CISKon

arka

Dire

ct M

anuf

actu

ring

Cos

t ($/

Wp)

We have a Commercial Cost Advantage

3rd Gen.

2nd Gen.1st Gen.D

irect

Mfg

. Cos

t ($/

W)

Range of Possible Gen 1 and 2 Direct Manufacturing Costs Achievable by 2010 - Source: A.D. Little

konarka technologies, inc....2003/09/08 · 2 september, 2003 © 2003, konarka technologies, inc....

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