solar fuel for a clean planet. who is solel? a technology company, providing a one-stop solution...
TRANSCRIPT
Solar Fuel
for a Clean Planet
Who is Solel?
A technology company, providing a one-stop solution for utility scale solar fields
The only commercially proven electricity-producing solar thermal technology
350+ employees – largest solar thermal company. Many engineers involved in building original SEGS
Ongoing major investments in R&D and production capacity
Over $450 million in backlog in 2008
What is Solar Thermal Power?
Free and secure resource, widely available and highly predictable
Uses reflectors to concentrate sun’s energy and create heat
Uniquely suited for answering peak demands
% of power generated vs. capacity
Load
Wind *
Solar **
92%
CSP Technology Comparison – Parabolic Trough the Dominant Technology
5 – 25 KW (per dish)10 – 64 (MW)50 – 600 (MW)Size Scale
Dish focuses sunlight to single point , where thermal collector captures the heat. Engine converts heat into mechanical energy which drives generator to produce electricity.
Circular array of mirrors concentrate s sunlight on receiver placed at top of central tower. Heat creates steam to power generator.
Curved trough reflects solar radiation onto tube and heats the oil inside it. A heat exchanger creates steam which runs a steam turbine.
Mechanism
Negligible5%-7%Market share by 2012 (MW)
Embryonic - Pilot underwayProof of conceptMature technology, 20 yr commercial track recordCommercial Status
25 - 3016-1814 - 18Cost (cent\kWh)
DishTowerParabolic Trough
Parabolic Trough the de facto CSP standard & only bankable technology
Source: Solel studies
Size of Market
Source: Emerging Energy Research
Reliability of Solel’s Parabolic Trough Technology
• Solel’s parabolic trough plants have provided consistent and reliable power generation for over twenty years
• Dependable revenue stream
• California SEGS/Solel technology has never fallen below 98% of rated capacity
• Solel has consistently evolved the technology to introduce improved efficiencies and output
• 2002 US DOE report to Congress: “SEGS demonstrate CSP systems achieve reliability equal to fossil-fueled plants”
SOLEL SIGNS AGREEMENT WITH SACYR OF SPAIN TO BUILD THREE 50 MW POWER
PLANTS
Elements of a Solar Power Plant
Power Block
Solar Field
HTF System
Civil works
Miscellaneous
Solel’s SunField LP :Built-In Solar Fuel
Solel main products
UVAC 2008 solar thermal receiver
Parabolic reflector panels
Solar Fields (loops)
Solel Solar Thermal – Investor POV
Parabolic trough is mature commercial technology = bankability
Infrastructure projects: > 40 year life
Dependable revenue stream, lends itself to non-recourse project finance approach
Structured finance
Solel vertical control
Plant operating at Solel Headquarters, compact parabolic trough located on top of car park, power block in middle front.
Solel Solution: On-Site Power Plants
Industrial cooling and heating system installed in Trento, Italy
Solel Solution: Industrial Cooling and Heating
Large Scale Water Heating - Spain
Air Conditioning (Toyama Japan)
Pool Heating
