Developing
Next Generation Photovoltaics
Nordic Green II conference
Menlo Park, April 27, 2010
crystalsol...

                 • is commercializing a completely new, low cost and
                   flexible PV technol...
crystalsol’s technology has significant
 cost and application advantages

   Monograin Membrane Photovoltaic module       ...
Despite the crisis the photovoltaic
 market is growing fast
Yearly module production                                      ...
crystalsol has a well balanced team


  Dieter Meissner – Chief Scientist                   Christoph Waldauf – Head of De...
crystalsol is enlarging the team and
 building up its development facilities

EUR millions             Development expense...
crystalsol is seeking EUR 5 million
 to build up a pilot production line
                                                 ...
Contacts: Thomas Badegruber
                               +372 555 30 297
                               tb@crystalsol.co...
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Crystalsol Overview - Developing Next Generation Photovoltaics - Thomas Badegruber - Crystalsol - April 2010

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Crystalsol Overview - Developing Next Generation Photovoltaics - Thomas Badegruber - Crystalsol - April 2010

  1. 1. Developing Next Generation Photovoltaics Nordic Green II conference Menlo Park, April 27, 2010
  2. 2. crystalsol... • is commercializing a completely new, low cost and flexible PV technology based on CZTS • has developed monolithic mini-modules of 5x5 cm • has certified an efficiency of 5.9 percent at Fraunhofer ISE Freiburg • was founded in June 2008 • is operating two locations, Austria and Estonia • secured financing of EUR 4 million • has recently completed the build-up of its development facilities • is employing 12 experienced scientists and engineers • is partnering with various research institutes Source: crystalsol 2
  3. 3. crystalsol’s technology has significant cost and application advantages Monograin Membrane Photovoltaic module Light absorbing active layer Roll-to-roll production Module Membrane Monograins Active layer of Key advantages semiconductor crystals (Mono- • Low production cost – grain Membrane) below 0.3 EUR/Wp • Versatile application – flexible, tailor made, semitransparent • Strong intellectual property – Sealing Contacts 8 patents/applications Integrated serial connection Source: crystalsol 3
  4. 4. Despite the crisis the photovoltaic market is growing fast Yearly module production CAGR Top 3 companies* GWp Market leaders 2009* +15-20% Company Technology Production 50-70 First Solar CdTe** 1057 MWp Suntech Silicon (c-Si) 598 MWp Sharp Silicon (c/a-Si) 535 MWp Total PV market size 2009 EUR 30 bn +80% Examples of competitors 10-15 13.5 Company Technology Segment 7.5 nanosolar CIGS*** Utility 2.2 Konarka Organic Consumer 2009 2010 2013 2020 Uni-Solar a-Si**** BIPV * Based on production ** Cadmium Telluride *** Copper Indium Gallium Diselenide **** Amorphous Silicon Source: Isuppli Corp, Navigant Consulting, company web sites, crystalsol 4
  5. 5. crystalsol has a well balanced team Dieter Meissner – Chief Scientist Christoph Waldauf – Head of Development • Born 1954, Hamburg (Germany) • Born 1971, Berlin (Germany) • Professor at Tallinn University of Technology • M.Sc. in Applied Physics • 30 years experience in photovoltaics • 10 years experience in photovoltaics • Publication of over 150 scientific papers • Previously with Konarka, responsible for device and • Owner of 24 patent families production concepts for flexible and printable • Advisor to ISOVOLTA on polymer solar cells organic solar cells Wolfgang Ressler – co-CEO Thomas Badegruber – co-CEO • Born 1977, Neunkirchen (Austria) • Born 1976, Linz (Austria) • M.Sc. in Electrical Engineering • PhD in Finance • Previously Jun. Engagement Manager with • Previously Engagement Manager with McKinsey & Co. McKinsey & Co. • 4 years experience in hi-tech, automotive, • 4 years experience in process industries and manufacturing and telecommunication in Europe, private equity in Europe and US US, and Asia Source: crystalsol 5
  6. 6. crystalsol is enlarging the team and building up its development facilities EUR millions Development expenses 7.2 crystalsol’s 2.2 Expenses mainly business model personnel cost for Developing a low 2.6 product develop- 2.4 cost, low ment and investment, engineering scalable production Investment process for both 3.2 •Initial investments Monograin for laboratories and powder and 1.5 pilot equipment Monograin •Investment for roll- Membrane 1.6 to-roll pilot line in Photovoltaic 0.1 late 2010 and 2011 modules 2009 2010 2011* Total * Only first half year Source: crystalsol 6
  7. 7. crystalsol is seeking EUR 5 million to build up a pilot production line Public funding Equity investment (grants, loans) Product development Production Key activities •Develop •Integrate and •Build first full scale automated optimize production line (50- production production 70 MWp; SOP* •Increase processes Q3/2013) efficiency •Build up pilot line •Prepare market entry Timing •Q2/2009 •Q3/2010 •Q4/2011 25-35 7.0 4.0 5.0 Financing 2.0 Seed A round 2012/13 Source: crystalsol 7
  8. 8. Contacts: Thomas Badegruber +372 555 30 297 tb@crystalsol.com Wolfgang Ressler +43 664 88468340 wr@crystalsol.com Web: www.crystalsol.com Source: crystalsol 8

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