tenKsolar Introduction GRID READY PV SYSTEMS • Better Financial Return • Unmatched Reliability • Low Voltage Safety 1 We are tenKsolar • PV Solar System manufacturer, privately owned and headquartered in Minneapolis, MN • Leadership: – Dr. Dallas Meyer, President – CTO & Founder (formerly Seagate) – Joel Cannon, CEO, formerly Cannon Technol. / Cooper Power Systems • Idea: Bring principles from other high reliability semi-conductor industries to address design weaknesses in solar • Result: An elegant, simple PV system, delivering remarkable efficiency and reliability • Investors: Strategic focus, Electric utility (ESB, NRTC), Solar Manufacturer (Hanwha), Energy Infrastructure (Oaktree) 2 Fundamentally Better Systems Key Metrics – All Systems: • • • • Cost per kWh – Generate Energy at the Lowest LCOE Energy Density – Fit More on the Space Available Reliability and O&M – Redundancy and Reliability Designed In Safety – Low Voltage, Auto Disconnect Using Industry Proven, Standard Materials & Processes 3 Simply More Energy System Architecture 3/13/2015tenKsolar Confidential 4 Conventional Series Solar Limits Performance 600-1000VDC 30VDC ... 60VDC 90VDC String or Central Inverter Current flow limited by lowest performing cell on string High Voltage induces PID losses / arc risks Modules are uncontrolled energy source Inverters are single point of failure 5 tenK RAIS® Low-Voltage, Parallel Architecture Bus voltage < 60VDC 240/277/480VAC Internal panel voltage always < 16VDC = Zero PID Redundant Inverters Share Workload Maximizing Uptime Modules produce control current output Flexibility to size DC & AC Plant as needed 6 DC Plant – tenK RAIS PV Module • Patented architecture connects cells so shade affects only the shaded area • Cells are independent and current flows around shade, damage or soiling • Opens up huge system advantages in design, performance, energy density • So advanced yet so simple, it makes the idea of a “smart module” obsolete RAIS® Patented frame-extensions eliminate added racking costs speed installation, Impossible in legacy solar because of self-shading. 7 Simple, quick assembly on Rooftop Racking features integrated with module frame Module frame extension • Pair a module with a reflector or another module create a selfsupporting “wave” structure • Decreases install labor and reduces racking costs 8 tenK Ground Mount Capabilities Driven Pile XTD (1000 kWDC) Helical Pile XT28 (120 kWDC) Ballasted XT26 (100 kWDC) 3/13/2015 tenKsolar Confidential 9 AC Plant - Redundant Inverter Bus (RIB) – AC Output DC Input • 6 - 12 Inverters Grouped Onto One Bus • Ship Pre-Wired • Fully Fault Tolerant - Any Module Can Feed Any Inverter • Integrated Wear Leveling • • • • • Controlled by Vbus - No Digital Optimize Efficiency at Low Light All Inverters Located at Array Edges LED Diagnostics Based Multiple Inverter Sources 10 RIB: Key Benefits • No Need to Place Pedestal or Pad • Fully Pre-wired Inverter Bus • Nests Inside Array • Pre-Wired AC Disconnect (12-30 kWAC) 11 Improved System Longevity – Workload Sharing 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% Annual hours operating tenK RIB SMA TriPower Warranty Years 30 20 10 0 Inversion Units All Come On at Different Times Note: Total Power Curve is Smooth Also – Repeats AM and PM Randomized Each Day Net Required On-Time: 25% vs. 50% For Module Dedicated Inversion tenK RIB SMA TriPower 12 Simply More Energy System Configurations 3/13/2015tenKsolar Confidential 13 tenK Reflect Reflected Wave – Similar Mechanical Features Use a Low Cost Reflector Rather Than Second Module for WAVE Spectroscopic Reflection Technology (Only Useful Wavelengths) Result: Higher kWhAC/kWDC, Energy Density > High Tilt Arrays Indirect light from reflector South Direct light from sun Static reflectors Non – penetrating, self ballasted racking Redundant Inverter Bus + AC DIsconnect RAIS® Silicon PV Modules + Electronics 14 tenKsolar Duo Very Dense Packing (Best in Industry Density) 15W/ sq. ft. More Energy to Sell Lower cost/kWdc Broader energy profile 3/13/2015 tenKsolar Confidential 15 DC Plant vs AC Plant AC Plant 3/13/2015 DC Plant tenKsolar Confidential 16 Simply More Energy Addressing Customer Requirements 3/13/2015tenKsolar Confidential 17 Optimize financial return with any constraint tenK’s flexible design allows you to optimize for any constraint: Space Limited Maximum energy density at an industry leading cost. AC Limited Drive DC ratios as high as you want with no impact on inverters. DC Limited tenK can use reflection to make more kWh per DC rated watt. Shading/Obstructions/Orientation Patented RAIS® cell-independent modules allow for flexible layouts. All tenK solutions set a new safety standard with low-voltage 18 Space Constrained Systems 19 Space Constrained Systems Confined space To maximize energy generation • Increase inversion to decrease DC to AC ratio • Choose lower DC/AC ratio (1.4 to 1.6) to maximize energy (invert as much as you can afford to) 3/13/2015 20 tenKsolar Duo offers More Profit Opportunity 3/13/2015 tenKsolar Duo Conventional 310W 650 KW DC 762 MWh* 1.47 $/KWh 465 KW DC 534 MWh* 1.49 $/KWh tenKsolar Confidential * Energy is average kwh / yr over 25 yr lifetime Typical NJ Output 21 AC Power Limited Systems AC Power Limited System To maximize energy generation • Increase total power output by adding DC • Choose high DC/AC ratio (1.8 to 2) to maximize energy 3/13/2015 22 DC Limited Systems Defined DC Limit (MN) To maximize energy generation • Use XT-26 or XT 28 (higher yield) • Choose lower DC/AC ratio (1.2 - 1.4 ) to invert as much as you can 3/13/2015 23 Simply More Energy What if the array doesn’t face due south? 3/13/2015tenKsolar Confidential 24 Azimuth Sensitivity – XT-26 Reflect • Yield @ 215 deg (35 deg off azimuth) = 1378 kWhr/kW DC • Yield @ 180 = 1399 kWhr/kW DC • Difference = ~ 2.5% • XT- 26 drops 1% @ 20 deg off 180 • Xt-26 drops 5% @ 40 deg off azimuth 3/13/2015 25 Azimuth Graph for XT-26 60 50 40 30 25 20 15 10 5 0 10 20 40 50 60 82.41 kW DC XT 26 Degree kWhac/kWDC 120 1275 130 1309 140 1339 150 1363 155 1373 160 1383 165 1390 170 1395 175 1398 180 1399 200 1382 210 1363 220 1336 230 1305 240 1270 kWhAC/kWDC 91.14% 93.57% 95.71% 97.43% 98.14% 98.86% 99.36% 99.71% 99.93% 100.00% 98.78% 97.43% 95.50% 93.28% 90.78% Sam, Bostom MA TMY3 Class I 1420 1400 1380 1360 1340 1320 1300 1280 1260 115 3/13/2015 125 135 145 155 165 175 185 195 205 215 225 235 26 Azimuth Sensitivity – XT DUO • Yield @ 215 deg. (35 deg. off azimuth) = 1188 kWhr/kW DC • Yield @ 180 = 1198 kWhr/kW DC • Difference = ~ .08% • XT-Duo drops .2% @ 40 deg. off azimuth • XT-Duo drops 2.2% @ 90 deg. off azimuth 3/13/2015 27 Azimuth graph for XT DUO 3/13/2015 28 Fit @ 180 deg. vs 216 deg. • 216 deg. • 104 kW DC • Total 1st year kWhr – 124,678 (15% more) 3/13/2015 • On azimuth build • 90 kW DC • Total 1st year kWhr – 108,043 kWhr 29 Simply More Energy Harm vs. Ruin 3/13/2015tenKsolar Confidential 30 Low Voltage Means Reliability and Safety The only module in the world with Voc = Jsc = 0 Arc faults and fires are a real rooftop solar hazard Impossible with tenK System Component tenK SunPower, Suntech, LDK, etc. Cells Independent in module Series string – weakest link limits output Modules Each independent Series string – weakest link limits output Modules Self diagnose in-situ Must be removed for lab testing Inverters Fully redundant Single point of failure Open Circuit Voltage 0V 1000 V Fault Protection Each module arc fault detect and GFDI None Max System Voltage 60 V 1000 V 31 Safety should be #1 concern for large investors • • • • Every conventional solar array other than tenK has un-fused, high potential Avoiding disaster depends on nothing ever going wrong Better to engineer the risks out of the system as tenK has done Liability risk is by far the most significant risk to commercial system owners 32 We Offer the Industry’s Strongest Warranty 25 Year System Warranty • • • • 3% LI Degradation First Year 0.2% Degradation thereafter\ 25 years, end-to-end system, inverts, rack, modules. One point of contact tenK Warranty Backs 12% More Energy Over Project Lifetime • Independent Engineering Report Available from Leidos • Independent Audit Available from SolarBuyer 33 Independently Verified Performance Results Location Mt. Angel, OR Leupp, AZ Minneapolis, MN Time Period Energy Yield Model Accuracy TKS vs c-Si Aug 2012 – Jan 2014 w/in 2% 18% vs 10° Tilt May 2012 – Apr 2013 w/in 2% 18% vs 40° Tilt Nov 2012 – Jan 2014 w/in 1% 27% vs 20° Tilt Aug 2012 – Jan 2014 w/in 1.5% 21% vs 10° Tilt Aug 2013 – Jan 2014 w/in 2% 19% vs 10° Tilt Aug 2013 – Jan 2014 w/in 1% 15% vs 10° Tilt Energy Predictions Accuracy: Within 2% * Excluding effectTilt of snow Energy Yield Advantage: RAIS XN 15% or more over c-Si Low systems RAIS XT 15% or more over c-Si Low Tilt Systems 34 Thank you! tenK Reflect 275 KW DC Ashburnham, MA 35 tenK Reflect 26 1 MW DC Frederick, MD 3/13/2015 tenKsolar Confidential 36 tenK Reflect 26 1 MW DC Polamer, CT 3/13/2015 tenKsolar Confidential 37 1 MW DC DUO Templeton, MA 3/13/2015 tenKsolar Confidential 38 Simply More Energy Thank You! 3/13/2015tenKsolar Confidential 39
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