TransAlta Corporation – Project Pioneer CCS in the Power Sector – Don Wharton...Global CCS Institute
As a part of the Institute's strategic focus on assisting CCS projects through knowledge sharing, three North American roadshow events will help the industry share project experiences and knowledge about CCS. Taking place in the US and Canada, the three events include:
• Austin, Texas on November 8, 2011;
• Calgary, Canada on 10 November, 2011; and
• Washington, D.C. on 19 January, 2012.
The first roadshow focused on sharing project experiences and knowledge from the projects in North America but also brought in projects from Europe (Don valley) and Australia (Callide) so that regionally diverse experiences could be shared amongst a global audience.
Attendance at the event was around 30 to 35 which allowed open and frank discussions around technical, management, and regulatory issues and how these challenges can impact on a project’s advancement and decision making processes.
Introductory presentation to the TEEB for Policy Makers stream (D1) of the TEEB work - The Economics of Ecosystems and Biodiversity. This also clarifies in what areas we are looking for contributions in the call for evidence launched on the web.
Emerging and Innovative Approaches in Photovoltaics 2014 Report by Yole Devel...Yole Developpement
Emerging and Innovative Approaches in Photovoltaics
It’s time to reinforce and reshape R&D efforts to speed-up the PV business
NOW IS THE TIME FOR INNOVATION!
2012 - 2013 was a tough time for most PV manufacturers, as they faced difficulties due to strongly decreasing market prices resulting from an overcrowded market and high total manufacturing overcapacities. During this period the industry was focused on securing short-term sales, and there was little investment in new equipment and R&D activities.
But now the PV market is showing signs of renewed optimism. Investors are renewing their interest in PV start-up companies developing emerging PV technologies and applications. Equipment makers are finding new opportunities in equipment sales, either to increase production capacity in existing facilities or to build new ones. Big players, especially in China, are increasing their acquisition activities in order to secure a competitive advantage.
All of these developments open new opportunities for R&D funding, and the possibility to transfer R&D achievements into an industrial environment. At the same time, the increased performance and decreasing cost of PV components and systems will allow for new applications and wider use of PV technology for electricity generation.
PHOTOVOLTAICS: WHERE ARE THE OPPORTUNITIES FOR INNOVATION?
Although photovoltaics (PV) has reached a relatively high level of technological maturity, with many PV products commercially available today, strong efforts are underway to develop new solar cell technologies, to improve the performance of existing ones and to develop new applications for solar cells.
In this report, the PV industry’s main technology and market trends are presented, and the suitability of different PV technologies (crystalline silicon, CIGS, organic PV, etc.) for various applications is analyzed - with a focus on existing potential for further innovations.
For most conventional applications, where PV serves solely to generate electricity, it’s difficult to compete with continuously improving crystalline silicon technology, which dominates the PV market (>85% market share). Therefore, most developers of alternative PV technologies are focused on other PV functionalities (flexibility, color, low-light performance, indoor light performance, etc.) and on alternative application segments. Moreover, tandem and multijunction hybrid approaches, such as a multijunction solar cell, are also being studied.
The large number of process steps in PV product manufacturing provides great potential for innovative solutions: by avoiding, replacing, improving or adding process steps and materials used, a combination of many “small” improvements can lead to better performance and lower manufacturing costs.
More information on that report at http://www.i-micronews.com/reports/Emerging-Innovative-Approaches-Photovoltaics/5/441/
TransAlta Corporation – Project Pioneer CCS in the Power Sector – Don Wharton...Global CCS Institute
As a part of the Institute's strategic focus on assisting CCS projects through knowledge sharing, three North American roadshow events will help the industry share project experiences and knowledge about CCS. Taking place in the US and Canada, the three events include:
• Austin, Texas on November 8, 2011;
• Calgary, Canada on 10 November, 2011; and
• Washington, D.C. on 19 January, 2012.
The first roadshow focused on sharing project experiences and knowledge from the projects in North America but also brought in projects from Europe (Don valley) and Australia (Callide) so that regionally diverse experiences could be shared amongst a global audience.
Attendance at the event was around 30 to 35 which allowed open and frank discussions around technical, management, and regulatory issues and how these challenges can impact on a project’s advancement and decision making processes.
Introductory presentation to the TEEB for Policy Makers stream (D1) of the TEEB work - The Economics of Ecosystems and Biodiversity. This also clarifies in what areas we are looking for contributions in the call for evidence launched on the web.
Emerging and Innovative Approaches in Photovoltaics 2014 Report by Yole Devel...Yole Developpement
Emerging and Innovative Approaches in Photovoltaics
It’s time to reinforce and reshape R&D efforts to speed-up the PV business
NOW IS THE TIME FOR INNOVATION!
2012 - 2013 was a tough time for most PV manufacturers, as they faced difficulties due to strongly decreasing market prices resulting from an overcrowded market and high total manufacturing overcapacities. During this period the industry was focused on securing short-term sales, and there was little investment in new equipment and R&D activities.
But now the PV market is showing signs of renewed optimism. Investors are renewing their interest in PV start-up companies developing emerging PV technologies and applications. Equipment makers are finding new opportunities in equipment sales, either to increase production capacity in existing facilities or to build new ones. Big players, especially in China, are increasing their acquisition activities in order to secure a competitive advantage.
All of these developments open new opportunities for R&D funding, and the possibility to transfer R&D achievements into an industrial environment. At the same time, the increased performance and decreasing cost of PV components and systems will allow for new applications and wider use of PV technology for electricity generation.
PHOTOVOLTAICS: WHERE ARE THE OPPORTUNITIES FOR INNOVATION?
Although photovoltaics (PV) has reached a relatively high level of technological maturity, with many PV products commercially available today, strong efforts are underway to develop new solar cell technologies, to improve the performance of existing ones and to develop new applications for solar cells.
In this report, the PV industry’s main technology and market trends are presented, and the suitability of different PV technologies (crystalline silicon, CIGS, organic PV, etc.) for various applications is analyzed - with a focus on existing potential for further innovations.
For most conventional applications, where PV serves solely to generate electricity, it’s difficult to compete with continuously improving crystalline silicon technology, which dominates the PV market (>85% market share). Therefore, most developers of alternative PV technologies are focused on other PV functionalities (flexibility, color, low-light performance, indoor light performance, etc.) and on alternative application segments. Moreover, tandem and multijunction hybrid approaches, such as a multijunction solar cell, are also being studied.
The large number of process steps in PV product manufacturing provides great potential for innovative solutions: by avoiding, replacing, improving or adding process steps and materials used, a combination of many “small” improvements can lead to better performance and lower manufacturing costs.
More information on that report at http://www.i-micronews.com/reports/Emerging-Innovative-Approaches-Photovoltaics/5/441/
Cleantech.org Energy Storage Venture Investment AnalysisNeal Dikeman
Cleantech.org Research Brief Energy Storage Venture Capital Investment and Valuation Analysis 2001-2009
Valuation analysis and trends of energy storage startups
Michigan Energy Forum - November 13, 2012AnnArborSPARK
This presentation is a combination of the presentations give by the following companies; Spider 9, Grid Logic, Advanced Battery Concepts, LLC, Power Electronic & Vehicle Electrifications, Blusine, inmatech, SkySpecs and XG Sciences. The presentations were given at the International Battery Show in Novi, Michigan on November 13th as a part of the Michigan Energy Forum Event Series.
Thin Film Semiconductor Deposition Market, Size, Share 2022Radhika Patil
Thin Film Semiconductor Deposition Market is segmented by deposition technology and industry verticals. Thin film market is expected to get $22 bn by 2022
For more information, go to http://www.thinkdsi.com/grid/.
With the current focus on building a smart grid and investments being made on the technology side as well as the infrastructure side, energy is certainly getting much press! Uncertainty has never been higher.
This webinar aims to discuss this uncertainty. Based on field research and expert interviews, the recent comprehensive report "Future of the Energy Grid 2025" by Decision Strategies International presents views on everything from fuel mix to behind-the-meter innovation. What could the grid look like in 2025? How will different stakeholders be affected? Scott Snyder, President, and Stephan Hagelauer, Senior Consultant, will present the key findings of the report, and give you tools and tactics to help you develop resilient strategies and robust portfolio initiatives to succeed in the energy industry.
Three executives representing stakeholders in the energy industry will present how they have used the report to help “future proof” their own organizations and discuss some of the factors they find critical to success:
-Karl Pfirrman, Executive Vice President of PJM
-Rear Admiral Phil Cullom in charge of the US Navy Energy Strategy
-Govi Rao, CEO of Lighting Science
4th Energy Wave Fuel Cell and Hydrogen Annual Review, 2015Kerry-Ann Adamson
The 2015 4th Energy Wave Fuel Cell and Hydrogen Annual Review is the latest in an unbroken record of publishing a qualitative and quantitative analysis of the global fuel cell industry.
Authored since 2008 by Dr. Kerry-Ann Adamson, then of Fuel Cell Today and now the CEO of 4th Energy Wave, the report presents the only review of the growing sector produced from primary information gathering.
Dish Stirling - CSP - Technology in TransitionSmithers Apex
- Technology overviews
- Workable business model for Stirling CSP
- What can we expect by 2016
- Battle –Strategy and Sustainable challenges for Dish and other CSP
- Drivers- Barriers and Performance
Cynthia Christensen, President, CORNWELL GROUP
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Cleantech.org Energy Storage Venture Investment AnalysisNeal Dikeman
Cleantech.org Research Brief Energy Storage Venture Capital Investment and Valuation Analysis 2001-2009
Valuation analysis and trends of energy storage startups
Michigan Energy Forum - November 13, 2012AnnArborSPARK
This presentation is a combination of the presentations give by the following companies; Spider 9, Grid Logic, Advanced Battery Concepts, LLC, Power Electronic & Vehicle Electrifications, Blusine, inmatech, SkySpecs and XG Sciences. The presentations were given at the International Battery Show in Novi, Michigan on November 13th as a part of the Michigan Energy Forum Event Series.
Thin Film Semiconductor Deposition Market, Size, Share 2022Radhika Patil
Thin Film Semiconductor Deposition Market is segmented by deposition technology and industry verticals. Thin film market is expected to get $22 bn by 2022
For more information, go to http://www.thinkdsi.com/grid/.
With the current focus on building a smart grid and investments being made on the technology side as well as the infrastructure side, energy is certainly getting much press! Uncertainty has never been higher.
This webinar aims to discuss this uncertainty. Based on field research and expert interviews, the recent comprehensive report "Future of the Energy Grid 2025" by Decision Strategies International presents views on everything from fuel mix to behind-the-meter innovation. What could the grid look like in 2025? How will different stakeholders be affected? Scott Snyder, President, and Stephan Hagelauer, Senior Consultant, will present the key findings of the report, and give you tools and tactics to help you develop resilient strategies and robust portfolio initiatives to succeed in the energy industry.
Three executives representing stakeholders in the energy industry will present how they have used the report to help “future proof” their own organizations and discuss some of the factors they find critical to success:
-Karl Pfirrman, Executive Vice President of PJM
-Rear Admiral Phil Cullom in charge of the US Navy Energy Strategy
-Govi Rao, CEO of Lighting Science
4th Energy Wave Fuel Cell and Hydrogen Annual Review, 2015Kerry-Ann Adamson
The 2015 4th Energy Wave Fuel Cell and Hydrogen Annual Review is the latest in an unbroken record of publishing a qualitative and quantitative analysis of the global fuel cell industry.
Authored since 2008 by Dr. Kerry-Ann Adamson, then of Fuel Cell Today and now the CEO of 4th Energy Wave, the report presents the only review of the growing sector produced from primary information gathering.
Dish Stirling - CSP - Technology in TransitionSmithers Apex
- Technology overviews
- Workable business model for Stirling CSP
- What can we expect by 2016
- Battle –Strategy and Sustainable challenges for Dish and other CSP
- Drivers- Barriers and Performance
Cynthia Christensen, President, CORNWELL GROUP
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
1.4 modern child centered education - mahatma gandhi-2.pptx
Gtm poly-webinar-feb-2012
1. Polysilicon 2012-2016:
Supply, Demand & Implications for the Global PV Industry
Webinar on February 9, 2012
Moderator: Speaker:
Carolyn Campbell Brett Prior
Research Associate Senior Analyst
campbell@gtmresearch.com prior@gtmresearch.com
2. Webinar logistics
• First, make sure the volume on your computer is turned up
• Webinar will be archived and available within 24 hours, you will receive an email
when it is available
To enlarge the
slides, please click
on the circular
green button in the
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at any point during the the slides sub-
webinar by typing them in window
this box, then clicking
“Submit”
By clicking on the green button (the Resource List), you can If you are still having problems hearing (or
1) Download a copy of the slides viewing) this webinar, click on the yellow “?”
2) View the report webpage, and purchase the report button at the bottom of the page
4. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Why should you care about the cost of polysilicon?
Because lower poly prices and higher module efficiency will shave ~$0.20/W off the cost of a c-Si module in 2012 alone
Numbers look too low?
Here are the 3Q11 results:
Forecasts included in the full report
• Trina
• $0.65/W non-silicon cost
• $0.37/W silicon cost
• $1.02/W total cost
• Best-in-class conversion
costs by step
• Wafer $0.17/W (GCL)
• Cell $0.17/W (LDK)
Forecasts included • Module $0.28/W (CSI)
in the full report • Non-Si $0.62/W
5. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Solar PV manufacturing 101
6. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Polysilicon manufacturing 101
7. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Polysilicon industry is concentrated, could be considered a
“balanced oligopoly”
• HHI is measure of
industry
concentration on a
scale of 0 to 10,000
(10,000 is a
monopoly)
• A market with an HHI
less than 1,000 is
regarded as
competitive
• Poly industry is ~640
8. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Even with 22 GW of c-Si PV installed in 2011, there still remains significant
oversupply at all stages of the value chain
9. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
China, the US, and Korea are the 3 largest producers of polysilicon
10. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Costs that vary by technology include energy (~13%), and depreciation &
interest (~48%)
11. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Energy use matters, and in this category FBR and UMG win
12. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
But Capex (which determines Depreciation & Interest) is much more important
than energy use, and on this metric Siemens HC and UMG “take the cake”
13. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Lower purity poly sells at a 10-30% discount to higher purity poly
14. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Excluding Depreciation & Interest, FBR is the cost leader
15. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
But, when depreciation & interest are included, Siemens HC is the lowest
cost option
16. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
And on the most important metric, profit, Siemens HC again takes the gold
17. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Historically, capacity has remained close to total demand
18. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
But in the last 4 years, capacity growth has outstripped demand growth, and
this imbalance may get worse before it gets better
19. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Profit margins are key to understanding where pricing is headed
20. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Spot prices are driven by cash costs, whereas contract prices have a
floor set by total costs
21. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Since 2009, cash costs for poly have been reduced from ~$40/kg to <$20/kg
Poly Cash Costs (excl depreciation, SG&A), 2009-present
$80
$70
Poly Cash Cost, excl depreciation ($/kg)
$60
$50
$40
ReneSola, $36
$30
$20 GCL, $18 LDK, $20
OCI, $18 Daqo, $18
$10 REC FBR, $13
$0
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 2012
23. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Poly ASPs collapsed in 4Q 2011, falling over 40% at REC
Poly ASP by Manufacturer, 2010-present
$80
$70
$60 REC, $57
Daqo, $52 42%
$50
Poly ASP ($/kg)
drop
GCL, $44 from 3Q
$40 to 4Q
REC, $35
$30
$20
$10
$0
1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11
24. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
EBITDA Margins have fallen from very attractive (50-70%) to toxic in just 4 quarters
EBITDA Margin by Poly Manufacturer, 2008-present
80%
OCI, 70%
70%
EBITDA Margin, % of revenue
60%
50% REC, 51%
40% Wacker, 39%
OCI, 34%
30% REC, 28%
20%
10%
0%
1Q08 3Q08 1Q09 3Q09 1Q10 3Q10 1Q11 3Q11
25. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Including the impact of depreciation, EBIT margins are now approaching 0%
EBIT Margin by Poly Manufacturer, 2008-present
60% OCI, 57%
50%
EBIT Margin, % of revenue
40%
REC, 34%
30% Daqo, 29%
20%
10%
OCI, 6%
REC, 4%
0%
1Q08 3Q08 1Q09 3Q09 1Q10 3Q10 1Q11 3Q11
26. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
What is next for the polysilicon industry?
• Where is pricing headed?
• When will the plant closures allow the supply/demand gap to
close?
• The feast is over - which companies are best positioned to survive
this period of famine?
27. 2. Comparison of Polysilicon Production
1. Polysilicon Overview 3. Polysilicon Supply and Demand 4. Polysilicon Economics
Technologies
Supply stack analysis can help to reveal the likely winners and losers, as well
as future pricing trends
Cost estimates for every operational poly
plant included in the full report
