ausra, inc. · 10 cents/kwh now, under 8 cents/kwh in 3 yrs ... cost of power vs cost of capital...
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Ausra, Inc.
I t d t Di iIntroductory DiscussionAugust 2007 Copyright© 2007 Ausra, Inc. Non-published
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Ausra
Utility Grade Utility Scale Zero-Carbon PowerUtility Grade, Utility Scale Zero-Carbon Power10 cents/kWh now, under 8 cents/kWh in 3 yrsDispatchable capacity with energy storagep p y gy gBetter than IGCC reliability
Strong management and investor teamKhosla Ventures, Kleiner Perkins lead investorsAES, URS, Sydney Univ, Stanford Univ background
P j t d i A t li & P t lProjects underway in Australia & PortugalFirst US 175MW now in permitting
Proprietary & Confidential
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Large solar thermal plants are proven technology 20+ years 99% availabletechnology…20+ years 99% available
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Single source Single source heat-slumped mirrors
Thermos bottle absorbers
Large Build-In-Place Truss
Toxic, flammable HTF il
High profile uses excess land
HTF oil
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New Optics: CLFRp
Copyright © Ausra, Inc. 2007
Local Commodity Materials – glass, steel, concreteLocal Manufacturing, Factory-Made Modules
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Liddell ProjectLiddell Project
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A 5MWt CLFR collectorA 5MWt CLFR collector100’ x 1000’
7
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Solar Thermal Power PlantUp to 20 hours energy storage
280C50bar
Increase capacity factor by building largersolar field. Basic 180MW plant is 640 acres
Copyright © Ausra, Inc. 2007
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Cost of Power vs Cost of Capitalp
WACC Price TodayManufacturing
Scale StorageTurbine
ScaleWACC Price Today Scale Storage Scale
12% $104 $92 $79 $67
8% $97 $85 $72 $608% $97 $85 $72 $60
5% $86 $75 $61 $48
As soon as solar power projects are built at the scale andAs soon as solar power projects are built at the scale and with the finance costs of fossil power plants, costs match
Z t dd f bZero cost adder for zero carbon
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“Saudi Arabia of Sun”
10
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Energy Security + Climate Securitygy y y
Transmission Capacity & AccessTransmission Capacity & AccessWAPA expansion, priority access for renewablesUnderwriting state, regional, national grid upgradeUnderwriting state, regional, national grid upgrade
Cost of CapitalFederal loan guarantees large-scale bond issuesFederal loan guarantees, large scale bond issues
Market StimulusNational RPSNational RPS
Fair Tax PolicyLong term (8 yr) ITC for 50MW+ projectsLong term (8 yr) ITC for 50MW+ projects
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Thank you!Thank you!