savd solar 2013 transtech energy business development conference s elf a ligning v ertical d ipole
TRANSCRIPT
SAVD Solar2013 TransTech Energy Business Development Conference
Self Aligning Vertical Dipole
Mark Vernallis Founder and CEO
Dr. Hong Koo KimFounder and CTO
Tim Fogarty & Tim AppleberryFounders /Directors
Team
• The global market for solar cells is over $30 billion and is growing rapidly.
• Market demand in the US alone has grown 44% annually over the last 6 years.
• SAVD technology applies to over 90% of solar cells.
MarketFacts
Solar Is Inefficient
Snell’s Law: Light entering solar panels are refracted at very inefficient angles.
Inefficient angles direct light downward into the cell resulting in poor energy conversion due to:• Higher bounce-back reflection
• Shorter paths (opportunities) for photon conversion
• Inefficient distances from the conversion junction
Our patent-pending process dramatically improves solar cell efficiency by more than 50% in the lab
SAVD Solar Inc.
SAVD RedirectsLight
SAVD’s proprietary technology builds nanostructures on solar cells that redirect light into the active layer more efficiently (where the light is absorbed and electrons are generated & collected), thereby overcoming Snell’s Law: • Enhances light absorption from increased optical path
length that is closer to absorption/junction field
• Diminishes adverse impact from “bad angle” in morning and afternoon (maximizes energy absorption at oblique angle)
SAVD t e c h n o l o g y
ligh
t
Process
• SAVD Solar process only expected to add 5-6% to total costs (but will improve efficiency 50%+)
• Uses standard semi-conductor manufacturing processes
• Scalable
Conventional cells: Light enters into silicon normal to the surface through horizontal dipoles.
SAVD builds nanoscale vertical dipoles (right) that directs light into glancing direction.
• Different from other coating technologies because our technology not only dramatically decreases reflection, by overcoming Snell’s law, we dramatically increase energy absorption and carrier collection.
• Early lab results so far show that SAVD’s technology far exceeds current commercial efficiencies for solar cells.
• We believe once optimization work is completed that SAVD’s technology will make solar cost competitive to coal and natural gas.
• SAVD technology is the ‘last step’ (back-end process) in cell manufacturing - we are insulated from price fluctuations of silicon and other material prices. No potential for another Solyndra.
• This technological potential is a billion dollar opportunity.
Facts
Research• National Science Foundation • University of Pittsburgh• Innovation Works • PA NanoMaterials Commercialization Center• University of Louisville
Over $1 million in non-dilutive funding
1st Round Venture Capital Crimson Hill LP
Funding GoalsSeeking $1.5 million for commercialization
Funding
Our productA proprietary ‘finishing’ step using proven manufacturing processes, applicable to 90% of solar cells to dramatically increase efficiency by 50% or more
Our market Large utility customers and major manufacturers as licensees
ProtectionBroad US and worldwide patents pending
Value SAVD achieves grid parity. We make solar cost-competitive to coal and natural gas
KeyPoints
Why Us?Why Now?
Proven research team/technology visionary
Seasoned entrepreneurs
University of Albany College of NanoScale Science and Engineering partnership
University of Pittsburgh partnership
Compelling value proposition
Large and rapidly growing global market
Proprietary technology
Potentially disruptive technology
Multiple paths to commercialization
Excellent capital raising environment for high-potential renewable energy commercialization
Recent market transactions with high value exits
SAVD Solar Inc.
Mark Vernallis - Founder and CEO• Experienced entrepreneur, C-level executive, start-up/turnaround
specialist and venture capitalist
Dr. Hong Koo Kim - Founder and CTO• Director of the Petersen Institute of NanoScience and Engineering,
University of Pittsburgh• World-renowned expert in the emerging field of nano-optics and nano-
electronics research
Tim Fogarty & Tim Appleberry – Founders /Directors• Fogarty was Director of Energy Programs at Innovation Works, one of
the most active early stage energy technology investors in the country. A seasoned executive, his accomplishments include growing a university start-up to a $250M publicly traded company.
• Appleberry has a proven track record as an inventor and global operations executive. He was twice named to Entrepreneur Magazine’s “Hot 100”.
Team