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The Promise of Molten Salt
                       A vision of CSP displacing coal




                                Justin Raade, PhD
                                CEO and Founder
                            jraade@halotechnics.com

                                 510-547-2634




1   CST Power 2011                                       © 2011 Halotechnics, Inc.
Halotechnics, Inc.

                             Halotechnics – Molten salt for
                            heat transfer and thermal storage



       Dr. Justin Raade      $1.5 million DOE    Breakthrough salt   Halotechnics founded,    NSF SBIR grant
       begins molten salt    grant awarded for   mixtures discovered spins out of Symyx to    awarded for CSP
       research at Symyx     molten salt R&D                         commercialize products   materials R&D




    2007              2008              2009                2010               2011                2012




2    CST Power 2011                                                                     © 2011 Halotechnics, Inc.
Company profile of Halotechnics, Inc.

    •    Halotechnics is developing the most advanced
         molten salt products in the world

    •    Headquarters in Emeryville, California with fully
         equipped chemistry lab

    •    Experts in materials science, chemistry, and
         engineering on staff

    •    Advisory board made up of industry veterans

                                           Halotechnics, Inc.




3       CST Power 2011                                          © 2011 Halotechnics, Inc.
Core expertise: Discover advanced thermal
     materials




• High throughput automated
  workflow

• Can screen up to 100 mixtures/day
4   CST Power 2011                       © 2011 Halotechnics, Inc.
Products from Halotechnics

Advanced heat transfer fluids
                                   Saltstream 500




                                                        Saltstream 565
                                                        Saltstream 700




                          Saltstream 700
                 traditional salt
           synthetic oil
               Saltstream 500

    0    100   200   300 400 500         600   700 °C
                      traditional salt

5   CST Power 2011                                                       © 2011 Halotechnics, Inc.
Saltstream 565 target properties



                                      Saltstream 565       FLiNaK

                                        60/40 salt

           100       200       300        400        500      600        700 °C


     •   Drop-in replacement for 60/40 solar salt (NaNO3-KNO3)
           > Similar thermal properties (melting point, maximum temperature)
           > Low corrosion tendencies

     •   Lower cost, earth abundant components




6   CST Power 2011                                                             © 2011 Halotechnics, Inc.
Advanced heat transfer fluids


                                                    Saltstream 700

                                                                       FLiNaK

                                                    60/40 salt

                     100       200         300       400         500       600           700 °C



                                                                       U.S. Patent
                                  Saltstream 500                       Application No.
                                                                       61325725
                                            Hitec

                           synthetic oil

          0          100       200         300       400         500       600 °C

7   CST Power 2011                                                               © 2011 Halotechnics, Inc.
Energy demand

     Worldwide electricity demand:
     2,000 GW




8   CST Power 2011                   © 2011 Halotechnics, Inc.
The ultimate energy source

     Worldwide electricity demand:
     2,000 GW




                       37,500,000 GW



      Why do we dig in the dirt for dead dinosaurs?
9   CST Power 2011                                    © 2011 Halotechnics, Inc.
Two reasons




      Reduce costs          Make storage work
                                                      =
                      Increase operating temperature
10   CST Power 2011                        © 2011 Halotechnics, Inc.
Stuck in the past




           Steam                                            Steam
       Temperature                                          Pressure
               (°C)                                         (MPa)




         Why are we using 1960 steam turbine technology in CSP plants?

11   CST Power 2011                                            © 2011 Halotechnics, Inc.
Running out of steam




                      Steam as a working fluid will hit a wall



                                                    Use gas turbines
12   CST Power 2011                                              © 2011 Halotechnics, Inc.
Evolution of CSP




                         Use central receivers
13   CST Power 2011                © 2011 Halotechnics, Inc.
Use storage that works




                               Use 2-tank storage
14   CST Power 2011                      © 2011 Halotechnics, Inc.
Central Receiver Gas Turbine (CRGT)




      •   Central receiver operating at 900 °C

      •   2-tank thermal storage with 600 °C temperature difference

      •   Brayton cycle gas turbine


15   CST Power 2011                                                   © 2011 Halotechnics, Inc.
Central Receiver Gas Turbine (CRGT)




                                  2

                                                           3
                         1
                                                                   4




      •   What do we need to get here?
            1.   Heat transfer and thermal storage media
            2.   Cheap structural materials
            3.   HTF to gas heat exchanger
            4.   Gas turbine of correct size



16   CST Power 2011                                            © 2011 Halotechnics, Inc.
Path forward

      •   Build what we have, deliver the goods

      •   Focus research, development, and deployment to achieve SunShot
          goal of 6 ¢/kWh by 2020




                      “We should be using nature’s inexhaustible
                      sources of energy.... I'd put my money on
                      the sun and solar energy. What a source of
                      power! I hope we don't have to wait until oil
                      and coal run out before we tackle that.”

                      Thomas Edison, 1931




17   CST Power 2011                                                   © 2011 Halotechnics, Inc.
The Promise of Molten Salt
                        A vision of CSP displacing coal




                                 Justin Raade, PhD
                                 CEO and Founder
                             jraade@halotechnics.com

                                  510-547-2634




18   CST Power 2011                                       © 2011 Halotechnics, Inc.

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The Promise of Molten Salt: A Vision of CSP Displacing Coal

  • 1. The Promise of Molten Salt A vision of CSP displacing coal Justin Raade, PhD CEO and Founder jraade@halotechnics.com 510-547-2634 1 CST Power 2011 © 2011 Halotechnics, Inc.
  • 2. Halotechnics, Inc. Halotechnics – Molten salt for heat transfer and thermal storage Dr. Justin Raade $1.5 million DOE Breakthrough salt Halotechnics founded, NSF SBIR grant begins molten salt grant awarded for mixtures discovered spins out of Symyx to awarded for CSP research at Symyx molten salt R&D commercialize products materials R&D 2007 2008 2009 2010 2011 2012 2 CST Power 2011 © 2011 Halotechnics, Inc.
  • 3. Company profile of Halotechnics, Inc. • Halotechnics is developing the most advanced molten salt products in the world • Headquarters in Emeryville, California with fully equipped chemistry lab • Experts in materials science, chemistry, and engineering on staff • Advisory board made up of industry veterans Halotechnics, Inc. 3 CST Power 2011 © 2011 Halotechnics, Inc.
  • 4. Core expertise: Discover advanced thermal materials • High throughput automated workflow • Can screen up to 100 mixtures/day 4 CST Power 2011 © 2011 Halotechnics, Inc.
  • 5. Products from Halotechnics Advanced heat transfer fluids Saltstream 500 Saltstream 565 Saltstream 700 Saltstream 700 traditional salt synthetic oil Saltstream 500 0 100 200 300 400 500 600 700 °C traditional salt 5 CST Power 2011 © 2011 Halotechnics, Inc.
  • 6. Saltstream 565 target properties Saltstream 565 FLiNaK 60/40 salt 100 200 300 400 500 600 700 °C • Drop-in replacement for 60/40 solar salt (NaNO3-KNO3) > Similar thermal properties (melting point, maximum temperature) > Low corrosion tendencies • Lower cost, earth abundant components 6 CST Power 2011 © 2011 Halotechnics, Inc.
  • 7. Advanced heat transfer fluids Saltstream 700 FLiNaK 60/40 salt 100 200 300 400 500 600 700 °C U.S. Patent Saltstream 500 Application No. 61325725 Hitec synthetic oil 0 100 200 300 400 500 600 °C 7 CST Power 2011 © 2011 Halotechnics, Inc.
  • 8. Energy demand Worldwide electricity demand: 2,000 GW 8 CST Power 2011 © 2011 Halotechnics, Inc.
  • 9. The ultimate energy source Worldwide electricity demand: 2,000 GW 37,500,000 GW Why do we dig in the dirt for dead dinosaurs? 9 CST Power 2011 © 2011 Halotechnics, Inc.
  • 10. Two reasons Reduce costs Make storage work = Increase operating temperature 10 CST Power 2011 © 2011 Halotechnics, Inc.
  • 11. Stuck in the past Steam Steam Temperature Pressure (°C) (MPa) Why are we using 1960 steam turbine technology in CSP plants? 11 CST Power 2011 © 2011 Halotechnics, Inc.
  • 12. Running out of steam Steam as a working fluid will hit a wall Use gas turbines 12 CST Power 2011 © 2011 Halotechnics, Inc.
  • 13. Evolution of CSP Use central receivers 13 CST Power 2011 © 2011 Halotechnics, Inc.
  • 14. Use storage that works Use 2-tank storage 14 CST Power 2011 © 2011 Halotechnics, Inc.
  • 15. Central Receiver Gas Turbine (CRGT) • Central receiver operating at 900 °C • 2-tank thermal storage with 600 °C temperature difference • Brayton cycle gas turbine 15 CST Power 2011 © 2011 Halotechnics, Inc.
  • 16. Central Receiver Gas Turbine (CRGT) 2 3 1 4 • What do we need to get here? 1. Heat transfer and thermal storage media 2. Cheap structural materials 3. HTF to gas heat exchanger 4. Gas turbine of correct size 16 CST Power 2011 © 2011 Halotechnics, Inc.
  • 17. Path forward • Build what we have, deliver the goods • Focus research, development, and deployment to achieve SunShot goal of 6 ¢/kWh by 2020 “We should be using nature’s inexhaustible sources of energy.... I'd put my money on the sun and solar energy. What a source of power! I hope we don't have to wait until oil and coal run out before we tackle that.” Thomas Edison, 1931 17 CST Power 2011 © 2011 Halotechnics, Inc.
  • 18. The Promise of Molten Salt A vision of CSP displacing coal Justin Raade, PhD CEO and Founder jraade@halotechnics.com 510-547-2634 18 CST Power 2011 © 2011 Halotechnics, Inc.