Solar windows

1. Aw Gan Zik Darrell Charmaine Ng Ming Min Choi Chun Ho Muhammad Arif Bin Salim Ong Si Hui

2. Content 1.Technology and Company Chosen 2.Value Proposition 3.Customer Selection 4.Scope of Activities 5.Value Capture 6.Strategic Control 7.Summary Solar Window ™ Customer Selection Value Proposition Scope of Activities Value Capture Strategic Control

3. New Energy Technologies Background History New Energy Technologies, Inc. was first incorporated as Octillion Corp. in the State of Nevada, effective May 5th, 1998. They are an emerging developer of distributed power generation technologies focusing on Research & Development related to solar energy and kinetic energy. Their scope of activities includes inventing, designing, engineering and prototyping patent-pending technologies and products for field testing and commercial development. http://www.newenergytechnologiesinc.com/corporate/about-us

4. Technology Chosen: SolarWindow™ SolarWindow™developed by New Energy Technologies http://www.newenergytechnologiesinc.com/technology/solarwindow

5. SolarWindow™ -Generating electricity with a Unique Spray-On method 1. Opportunity in using unexploited windows as source of electricity generation. 2. See-through coating is made up ultra small organic solar cells that combine to form 3 ultra thin layers. 3. First layer of transparent coating applied to glass surfaces to make it safe to carry electricity. 4. Second ultra thin semi-transparent layer of chemicals capable of absorbing light energy to create electricity. 5. Third layer allows for transference of electricity. http://www.newenergytechnologiesinc.com/technology/solarwindow Electricity Generation Process

6. Advantages of SolarWindow™ Pushing the boundaries of solar-generated electricity •No extra space needed to be set aside. •Able to install many in urban areas and create a multiplier effect. •Works in tandem with conventional solar panels.

7. Advantages of SolarWindow™ SolarWindowTMpreserves building aesthetics •Highly transparent properties keep the building visually clean. •Prevents a dull looking glass façade.

8. Advantages of SolarWindow™ Ability to function with low light intensity •Ability to function and generate electricity 24/7 under ambient light, shady or cloudy conditions.

9. Advantages of SolarWindow™ Reduce carbon footprint for the nation •By using solar power, it can help the nation to generate electricity to reduce the dependency on non-renewable energy.

10. Value Proposition WhatdistinguishesNewEnergyTechnologies'SolarWindowTMfromothers?

11. •Unique Spray-On Process allows for cheap manufacturing and fast installation. Low Cost Manufacturing, High Speed Installation•High annual value of electricity produced compared to other thin film solar cells. Energy Savings•Exploiting unused windows as alternative source of electrical energy. Tapping Unused Space Technology Value Proposition

12. Low Cost Manufacturing, High Speed Installation Low Cost Manufacturing Process •The manufacturing cost is low compared to other solar PV technologies that requires expensive and slow manufacturing methods which rely high temperature and vacuum production techniques. High Speed Installation Process •Spray-on process is quick and reduces time needed to retrofit or newly install onto any building. http://www.newenergytechnologiesinc.com/technology/solarwindow

14. Energy Savings http://www.newenergytechnologiesinc.com/technology/solarwindow. Calculations based on 50-story building.

15. Comparison of Energy Generated http://www.newenergytechnologiesinc.com/technology/solarwindow

17. Comparison of Alternative –Smart GlassWhat is Smart Glass? •They are glass and windows that change their light control state and appearance in response to an external stimulus. Why not Smart Glass? •Require replacement of existing glass, incurring high cost. •Do not provide benefits in electricity generation and thus do not allow owners to save on energy costs. •It is not fully transparent thus affecting the aesthetics of the building•Removes the functionality of transparency http://www.innovativeglasscorp.com/products

18. Summary: Comparison of Alternatives SolarWindowTM Conventional Solar panel Smart Glass Thin film solar cells Other transparent solar glass Act as a compliment product. Not necessary a competitor. Better efficiencies than other thin film solar cells. Not transparent, high cost and do not generate electricity. Not using spraying process, will incur higher cost for installation. SolarWindowTMmay have lower efficiencies but it has lower installation and manufacturing cost.

19. Customer Selection WhyandwhoNewEnergyTechnologiesshouldtarget?

20. Connecting customer need with New Energy Technologies’ capability Require the effective and efficient reconciliation of differences Market Demand •Need for a green and cost efficient technology. •Need to preserve the aesthetics of the buildings. •Need to integrate into the existing country’s urban planning (not using extra land). New Energy Technologies’ (Company) Provide •Ability to use organic solar cells which provides much more environmental benefit than other thin-film solar cells. •Thin and transparent SolarWindowTMallows building aesthetics to be preserved. Voice of the Market Voice of the Firm Market- Based Firm http://www.glassinthegulf.com/pdfs/MIR-Bowhead-Glass.pdf

21. First customers: Dubai’s glass building owners

22. Diversify sources of energy Harness light energy in urbanized area •Although they have a huge amount of oil, oil reserve is running out. •Need for diversifying energy sources. •Consistent and high intensity of sunlight in hot desert climate. •However, they have a lack of suitable land for solar farms due to a large proportion of deserts. •Need to maximize the use of light energy to harness renewable energy in urbanized (non-desert) lands. Why Dubai? http://www.glassinthegulf.com/pdfs/MIR-Bowhead-Glass.pdf

23. Government Support •Huge oil revenues allow for investment in solar power. •Expected growth in energy usage in the country. Why Dubai? http://www.emirates247.com/business/economy-finance/dubai-s-energy-growth-set-to-be-4-5-by-2030-2012-10-24-1.480330 Preserve the aesthetic appeal of buildings •Dubai has many glass facades and skyscrapers that create a sleek and clean image. •Need to integrate renewable solutions with these world renowned architectures.

24. Collaborator: Emirates Glass Company Company Strength •One of the largest established glass company in United Arab Emirates. Going Green •They promote and enhance the “Green” message of high performance glass in the Gulf. Economies of Scale •Large scale production possible in Dubai due to high propensity for glass façade buildings. http://dxb.emiratesglass.com:90/eglweb/index.php

25. Other potential places? Potential Markets Singapore –Many high-rise buildings, similar climate and strong government support. United States –Strong green culture, strong government support. Gulf States –similar in financial strength and location to Dubai. New Energy Technologies should collaborate with the glass manufacturers in the respective countries. (e.g. SCHOTT Company)

26. Potential Competitors http://www.heliatek.com/technologie/organische-photovoltaik/?lang=en ; http://www.ensol.no/ HeliaFilms® •Interested in Building Integrated Organic PV •Partnered with AGC Glass of Europe (Glass Manufacturer) •However, only ~25% transparency •Requires additional installation of glass to current buildings. PV-Nano •Patented thin film PV cell based on Nano-crystal technology. •Not very transparent currently. •Still looking for investors to further fund their research.

27. Potential Competitors http://www.heliatek.com/technologie/organische-photovoltaik/?lang=en ; http://www.ensol.no/ Transparent Solar TechFor Glass Façade Building SolarWindowTM PV-Nano HeliaFilms®

28. Scope of Activities WhatactivitiesandrelationshipsshouldNewEnergyTechnologieshave?

29. Value Chain of Solar Cell Industry •Identification of emerging technologies and opportunities •Research infrastructure •Developing and managing procedures and knowledge •Inbound logistics + procurement of raw materials •Operations + production •Outbound logistics + storing of manufactured solar glass •Installation of SolarWindowTM •Cleaning of SolarWindow ™ •Repair services Research and Development Manufacturing Distribution After-sales maintenance

30. Focus on R&D •For the transparent solar cell industry, there is high degree of vertical disintegration work shared among different organizations. •Out of all activities in the value chain, New Energy Technologies should focus solely on R&D.

31. Why focus on R&D? Established relationships with universities, research institutions, and commercial partners e.g. U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) http://www.newenergytechnologiesinc.com/corporate/about-us Identify technologies and business opportunities on the leading edge of renewable energy innovation. Use of established research infrastructure owned by research institutions they deal with. Saving them significant capital which would otherwise be required for other costs. Able to benefit from leading edge research while employing significantly less capital than conventional organizations.

32. Summary of Scope of Activities Distributors After-sale service providers R&D Manufacturers Customers Money Money Money Money Service (Cleaning) Glass Manufacturers will have the rights to manufacture the sprays. They can leverage on this through 2 methods •Spraying on to their in-house manufactured glass and sell them (for new buildings). •Provide spraying services to customers for retrofitting onto existing buildings Money Product (SolarWindowTM) Product (SolarWindowTM) Service (Retrofitting for existing buildings)

33. Value Capture WhatcanNewEnergyTechnologies’dominantsourcesofrevenuebe?

34. Operation Cost of New Energy Technologies New Energy Technologies will only need to spend on research and development as their cost.

35. Value Capture Method OR Selected established glass manufacturers that New Energy Technologies collaborate with. Fees from Licensing Spray Technology

36. Strategic Control How should New Energy Technologies sustain profitability?

37. How to sustain Profitability? Patents Continuous and Faster R&D Strategic Control Standards

38. Patents http://www.newenergytechnologiesinc.com/technology/solarwindow SolarWindowTMPatents •New Energy Technologies has 42 patents pending for SolarWindowTM. •Protects New Energy Technologies current production method for SolarWindowTMfor a period of time. •Allows for legal recourse during acts of illegal copying of similar technology.

39. Improvements to R&D First Mover Advantage due to high switching cost for SolarWindowTM. Lock customers in to our technology to create high barriers of entry. Speed of R&D First Mover Advantage does not guarantee sustained dominance. Create SolarWindowTMwith better efficiency for customers retention. Continuous Improvement

40. Establishing Closed Standards Need to standardize installation procedures amongst the collaborators working with New Energy Technologies. Standardize spraying process by using automated machine to prevent competitors from gaining access to proprietary process. Focus on closed innovation as a barrier of entry.

41. Summary Solar Window™ - Generating electricity with a unique Spray- On method Customer Selection Value Proposition Scope of Activities Value Capture Strategic Control Low Cost Manufacturing, High Speed Installation Energy Savings Unused Space Market segment with strong interest in (such as Dubai) Green and renewable energy Aesthetics in glass façade buildings Focus on R&D in a vertically disintegrated industry Patents Creating closed standard Fast and continuous R&D Licensing spray solution to exclusive manufacturers

42. Questions and Answers

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Solar windows