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San Francisco January 22-24, 2018

#cleantechSF

Thank youCompany Showcase: Next Generation Innovations for the Solar Market

#cleantechSF

Company Showcase: Next Generation Innovations for the Solar Market

03

MODERATED BY

KEN-ICHI HINODirector, CTG

#cleantechSF

Company Showcase: Next Generation Innovations for the Solar Market

EXPERT REVIEWERS

04

SHAUN HEALEYPrincipal, BP Ventures

DANNY KENNEDYManaging Director, California Clean Energy Fund

#cleantechSF

Company Showcase: Next Generation Innovations for the Solar Market

05

OMEEDBADKOOBEH

CEO, Yotta Solar

SUBIN DEVARDirector, Community

Renewable Energy Program, Sustainable

Economies Law Center

MIKE GREENCEO, Ipv Solar

HAGGAI HOFLAND

CEO, Raycatch

#cleantechSF

Company Showcase: Next Generation Innovations for the Solar Market

06

OMEED BADKOOBEHCEO, Yotta Solar

“Solar power is becoming the world’s cheapest form of new electricity generation”- Bloomberg Technology

9

1.3%

Solar has not achieved the expected growth

In relation to hardware cost reduction

Energy Storage required to

Fully utilize solar

As a reliable power source

Solar PV Usage

Only

Problems with

Centralized Storage

● Bulky, space constrained

● Complex installation

● Customization for each project

● High Installation Cost

SolarLEAF™

World’s first thermal regulated Energy storage designed for PV modules

IP

Regulated Battery Temp ( 10 to 35 C )( 50 to 95F )

● Over 1.5 years R&D

● ZEDGE™ Thermal Regulation

● Validated Prototypes (TRL4)

● 3 patents pending

R&D

● 3rd Party Validation

1. Idaho National Lab - Battery Life

2. EPRI + NREL - 2018 Q2

● Alpha test units - 2018 Mar

Product Development

Fire retardantNo moving parts

90%

20 YEAR LIFE

SAFE

High Efficiency

SolarLEAF™ micro-storageEnabling

Technology

PV surface

Ambient Air TempSolar Leaf Battery Temp

PV TempSurrounding Air Temp

SolarLEAF™ Battery Temp

CORE TECHNOLOGY

60C (140F)

Te

mp

era

ture

(C

)

30C (86F)

SolarLEAF ZEDGE Thermal Regulation (3 x Patents Pending)

CFD SimulationPrototype Test Data

Potential 1.4 MWh

Remote Design

No Space Required

Low Installation Cost

SolarLEAF™ reduces the need for concrete ballast while preserving the wind rating

“This is a game changer for energy storage on commercial buildings” Thomas, CEO, Panel Claw

Fun Fact

Existing SystemCommercial Shedd Aquarium Solar PV: 264 kW Energy Storage: 277 kWhSpace lost: 6 parking spotsInstallation only Cost: $750K (38%)Total Project Cost: 2.2Million

YOTTA BenefitsEnergy Storage: Can fit 500 kWhCost Includes Installation + HardwareSpace lost: NoneSafety: Panel Level Rapid ShutdownOverall Cost: $500k (277 kWh)*Eliminates ~500 concrete blocks

78% Cost Reduction

CASE STUDY: COMMERCIAL - SHEDD Aquarium

Competitive Advantage

YottaSolarLEAF

Temperature Regulation

Day-Night Operation

Lowest LCOE

Higher Life & Reliability

JLM Phazr

No Temperature Reg

Shuts off above 50C

Higher Potential O&M

SolPadSolid State Battery

Higher Temperature tolerance

Lack of long term testing

R&D: 5-7 years away

Traction - Partnerships

Top Tier US Panel OEM

Pilot test site

Product development assistance

#1 Commercial PV mounting solutions

Potential investment

Ongoing talks for product development partnership

#2 Micro Inverter OEM

Talks for Potential Partnership

Parallel interest as an Angel investor

US based distributor & solar integrator

LOIs for sales of 45 projects / month

● Largest municipally owned utility

● Aggressive renewable energy goals

● MOU for Development AssistanceInterest as a partner & customer

● Pilot project:Ongoing discussion for a micro-grid

18 kW PV Up to 30 kWh SolarLEAF

San Antonio

Traction - Utility

Selected by a working group of 4 utilities TVA, Southern, Duke, Tri State

Technology study & validation at NREL

Business Innovation Grant to assist in product development and market study

SPG reached out to us about our timeline and a potential for pilot test case

21

8+ year

Solar Industry

Business Development

Omeed Badkoobeh

CEO

12+ years

Solar

PV & inverter OEMs

Bernie Grant

Director, Product Development

10+ years

Automotive

Controls and Battery Research

Vikram Iyengar

CTO

Management Team

Darrin Mylet: Over 20 years in Wireless, CEO-Austin Broadband, 2 terms in Advisory role to White house (NTIA) Telecom & Strategy Advisor

Tom Ortman: President & CEO at Concurrent Design. Over 30 years of Cleantech product design & development

Jeff WilliamsOver 30 years in Solar PV power electronics (Utility scale PV optimization & monitoring)Founder & CTO of multiple Solar Power Electronics startups

Advisors

Seed: Develop Yotta’s SolarLEAF™ Core Raised By 2018 Apr ● Alpha Testing● IP● 3rd party Validation● Small scale paid pilot

Series A: Go to Market A● Certification● Contract manufacturing ● Larger pilot orders● License IP

Impact Investment● Currently in Due-Diligence with

5 MillionCAP

Fund Raising

650K

200K

3Million

23

Questions

Business Model

8 Mil

LOIs from solar integratorsFor micro-grid

5-Yr P&L 2017 2018 2019 2020 2021

Total Income 0 5940000 35115921 72417643 137194119

COGS 0 2340000 12960766 25680030 45555872

Margin NA 0.60606 0.63091 0.64539 0.66795

No of Units Sold 0 1200 8405 21530 51270

Total Operating

Expenses 261792 1408375 4445716 5978471 8246778

(Funding) -231000 -3750000 -9000000 0 0

Net Cash Flow -766584 -3016750 4188723 34705671 75069691

YOTTA Financials

NAVIGANT Research

13Billion

Behind-the-meter renewables with storage (to exceed)

50 XPredicted growth in C&I

By 2026

30+Mil

Investments in panel level storage formatInstitutional & DOE funding2016-17

2017 2018 2020

Pilot scale deployment

Product B Development Cycle

Product A Pre-Sales

Product A Sales

Product B Marketing & Sales

Product B Pre-Sales

Small

Micro-grid

On-GridCommercial

Alpha Platform Build & Test

Product A Development Cycle

MILESTONES

2019

27

Sustainability

Environmental

What’s Best for

Our Planet !

● Solar Jobs

● Energy Access

● Grid Resiliency

Economic

● Employee community service

● Clean Electricity to Billions (BEV)

● Solar as a Service Markets

Social .

● Long-life, Durable Design

● Cradle to Cradle™

● 100% Renewable Powered

#cleantechSF 028

SUBIN DEVARDirector, Community Renewable Energy Program, Sustainable Economies Law Center

Company Showcase: Next Generation Innovations for the Solar Market

Permanent Community Energy Cooperative

Presented by: Subin DeVar

Director, Community Renewable Energy Program

A project of:

Legal education, research, advice, andadvocacy for just and resilient economies

www.theselc.org

Permanent Community Energy Cooperative

Company Showcase:

Next Generation Innovations for the Solar Market

What’s the nut

we’re trying to crack?

In a nutshell, the barriers:

1. Social interest

2. Crowd-funding limitations

3. Energy regulations

The barriers:

1. Social interest

2. Crowd-funding limitations

3. Energy regulations

Our model:

1. Social interest fun in community

2. Crowd-funding limitations coops

3. Energy regulations adapt

Our model:

1. Social interest fun in community

2. Crowd-funding limitations coops

3. Energy regulations adapt

So that everyone can drive and benefit from the

transition to renewables

Subin DeVar

subin@theselc.org

Director, Community Renewable Energy Program

Sustainable Economies Law Center

www.theselc.org

#cleantechSF 069

MIKE GREENCEO, Ipv Solar

Company Showcase: Next Generation Innovations for the Solar Market

Solar PV on Every Rooftop

Smoothing the wrinkles in the distributed generation electrical grid

Spot MarketLosses

Inconsistent generation

Data stream from the

PV inverter

GIS location

(for weather data)

Today’s State of Health &

Tomorrow’s Hourly Electrical Generation

RESIDENTIAL SYSTEM OWNER

ENERGY TRADER

67 56 45

84152

22765

43

57

0

50

100

150

200

250

300

350

iPV Meteologica Soleka

MW

h

Relative Accuracy

Within 20% accuracy Overestimate Underestimate

Note: Total production for this period was 1,120 kWh

ENERGY TRADER

Peer to Peer Energy Trading

MANUFACTURERS & MONITORING COMPANIES

• Inverter comparison

• Performance Ratio

• Temperature corrected PR

➢ iPV compares the PV system

to it’s own potential

PV Fleet owner

System Output… to a CRM

No InverterHealthIndex

RelativeIndex

Production(kWh)

Prediction(kWh)

SelfHealth

Relative RevenueNormalized

(kWh)Installed

(KWp)HealthHistory

1 2001451939 A A 59.37 59.37 0.99 0.98 38.4 5.02 11.76 AAAAAAC

2 2001452028 A A 60.05 60.74 1.00 1.00 39.0 5.11 11.76 ABABBAC

3 2001452162 A C 55.43 55.99 0.92 0.92 36.0 4.71 11.76 ABAABAC

4 2001457438 A B 92.75 91.14 0.95 0.95 60.3 7.87 19.04 AAAAAAA

Total 267.24 267.25 173.71 19.71 54.32

Ratio between PREDICTED

energy and PRODUCED

energy

Daily State of

Health Score

Previous week in

daily SOH

iPV Solution – How it Works

Data stream from

the PV inverter

GIS location

(for weather data)Machine learning

No system

configuration

necessary!!

High PV Penetration –Pilot Project

Israel – a kibbutz managed

neighborhood LV distribution grid

Grid management program:

1. Manage voltage levels on the grid

2. SoH for system owners

Distributed Energy Resource

Management System - DERMS

High PV Penetration –Pilot Project

Cyprus – an EAC managed

neighborhood LV distribution grid

Grid management program:

1. Reduce spinning reserve

2. Manage voltage levels on the grid

3. SoH for system owners

Distributed Energy Resource

Management System - DERMS

IEA-PVPS Task 13:

Efficiency and Reliability of PV systems

What we are working on...

“Improving Efficiency of PV Systems Using Statistical Performance Monitoring”

✓Machine Learning for Fast Fault Recognition

➢ Fault Prediction Using Clustering Algorithms

Scan and download from: www.iea-pvps.org

We have a tool for you!!

LET’S ALL PULL TOGETHER TO BRING ABOUT MASSIVE PV ENERGY GENERATION!

✓ energy traders

✓ grid managers

✓ Solar installers

✓ PV fleet maintenance companies

✓ Individual small system owners