Post on 24-Oct-2020
DYESOL (AU:DYE) – THE
REVOLUTION IN 3RD
GENERATION SOLAR
TECHNOLOGY
MANAGING DIRECTOR, RICHARD CALDWELL
OCTOBER 2015
Disclaimer
This presentation includes forward-looking statements that are subject to many risks
and uncertainties. These forward-looking statements, such as statements about
Dyesol’s short-term and long-term growth strategies, can sometimes be identified by
use of terms such as “intend,” “expect,” “plan,” “estimate,” “future,” “strive,” and similar
words. These statements involve many risks and uncertainties that may cause actual
results to differ significantly from what may be expressed or implied in these
statements. Dyesol has taken care in the preparation of this presentation and believes
that all statements are made in good faith and based on reasonable grounds. However,
readers are cautioned not to put undue reliance on forward-looking statements. Dyesol
disclaims any obligation to update information contained in these forward-looking
statements whether as a result of new information, future events, or otherwise.
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DYESOL – THE COMPANY
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VISION
Dyesol’s vision is to create a viable low cost source of electricity with the potential to
disrupt the global energy supply chain and energy balance.
Dyesol’s solution uses low cost and readily available materials, proven non-toxic application
methods and is cost-effective to manufacture. It also works in all light conditions including shade,
pollution and cloud. This adds up to one simple proposition – lower cost electricity available at
the point of generation at the lowest possible cost to the customer, for as long as the sun shines.
The game is large and the prize is huge.
It’s about securing our energy future, now, and for generations to come.
Ian Neal – Chairman, Dyesol, September 2014
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ABOUT DYESOL
Dyesol is a global leader in the development and commercialisation of Perovskite Solar Cell
(PSC) technology
Australian clean-tech company
56+ employees, established 2004
3rd generation solar technology - $120
million+ investment in R&D
Utility and Building Integrated
Photovoltaic (BIPV) Technology focus
High growth, high demand market sector
Key IP blocks and EPFL licensee
Highly educated and specialist R&D team
Publicly listed – Australia and Germany
with 7,000+ investors
$96M raised in public capital markets -
strategic investor 2013
Strategic global partnerships
= Capital-Light Business Model
Subsidiaries around the world - Italy,
South Korea, Switzerland, UK & USA
Accelerated commercialisation of PSC -
Demonstration 2016, Pilot Line 2017,
Mass Production 2018
Manufacturer and supplier of materials to
more than 56 countries5
>7000 Shareholders
BUSINESS MODEL
AND CAPITAL STRUCTURE
Equity Snapshot
Ticker ASX/Germany DYE / D5I
12 Month Range A$0.20 – A$0.295
Shares Outstanding 339.03M
Market Capitalisation @A$0.295/share A$100 millionAs at 19 October 2015
Australian Retail30%
European/UK
26%
Institutional…
Insiders40%
D5I
Profile
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Dyesol Business Model:
Dyesol is a manufacturer of key PSC materials,
Next-Gen technology provider & a
manufacturing Joint Venture partner.
Dyesol partners with leading multinational
manufacturers that possess strong brands and
established routes to market that are seeking to
embed PSC technology into their products to
diversify their product offering.
Dyesol Partnership Experience:
PEROVSKITE SOLAR CELLS
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EVOLUTION OF TECHNOLOGY
1st Generation – Mono & Poly Crystalline Silicon
2nd Generation - Thin Film Semiconductor e.g. CdTe, CIGS
3rd Generation – Perovskite Solar CellsThird generation PV includes multiple technologies that seek to improve
upon first two generations through a combination of cost reduction,
increased energy efficiency, improved aesthetics, and opportunity for product
integration. Its heritage is in OPV and DSC.
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http://www.instablogsimages.com/images/2007/11/02/solar-_panel_6648.jpghttp://www.instablogsimages.com/images/2007/11/02/solar-_panel_6648.jpg
Low manufacturing costs - simple
processes, low embodied
energy Good efficiency in
low light -stable
efficiency
Flexibility –light weight,
can be incorporated into building
materials
Durability –eliminates
thermal expansion
issue, corrosion
Scalable –R2R & S2S processes makes high
volumes achievable
Aesthetic colours and features –
wide range of colours and
uses
Uses Abundant and
Non-Toxic Materials
BENEFITS
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PROVEN PERFORMANCE
Since mid-2012 rapid efficiency improvement with Perovskites
Efficiency improvement remains on a steep trajectory & 1,000+ hours of 1-Sun Light Soaking
stability at strip cell level. Thermal Degradation (85 °C) milestone to follow.
PSC has caught up with, and surpassed liquid/solvent-based systems.
Now comparable with traditional silicon cell efficiencies. 10
PRODUCT AND COMMERCIALISATION
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Market Entry Strategy: 1. Utility PV 2. BAPV 3. BIPV
This unique technology can be integrated into glass, metal, cement
and polymeric building materials to generate energy even in low light
conditions in multiple applications.
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THE PRODUCT
COMMERCIALISATION SCHEDULE
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MARKET SHARE DRIVERS
Solar competitiveness measured by the ‘Golden
Triangle’ = Cost, Efficiency, Life
Achieving the Golden Triangle is critical to capture of
market share.
High efficiency, low cost and 20 year+ life span will
open up the ‘holy grail’ of solar – BIPV.
“Golden Triangle” = Cost, Efficiency, Life Levelised Cost of Electricity (LCOE)
LCOE catalyst for market share capture.
Calculated by summing all the costs incurred during the
lifetime of the project expressed in dollars per kWh
($/kWh). Currently projected @ < A10c/ kWh.
Allows a comparison between different generating
technologies and unequal lifetimes to be made.
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Potential for Alternative Technologies
Global PV demand to exceed 50 GW in 2015.*
The Global Alternative Photovoltaic Solar Cell
Technologies market is estimated at $16.24 billion in
2014 and is expected to reach $38.25 billion by 2022
growing at a CAGR of 11.30% from 2014-2022.**
The European Union has directed by 2020, all
buildings in the EU should include a net zero energy
component.
In the US, all new commercial construction in
California will be zero energy building (ZEB) by 2030.
*Source: Top Solar Industry Trends for 2015, IHS **Source: August 2015 – Statistics,
MRC
BIPV potential
PSC is a game-changer – enabling all building
surfaces, in all directions, to be used to generate clean
energy, even in low-light.
Global BIPV market set to grow to more than US $6
billion by 2017 and nearly $ 23 billion by 2021.
Growth in BIPV will be at the expense of conventional
solar panels in the market today.
MARKET PROJECTIONS – FACTS
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http://www.reportlinker.com/p03262763-summary/Global-Alternative-Photovoltaic-Solar-Cell-Technologies-Market-Outlook.html
RECENT ANNOUNCEMENTS:
STABILITY BREAKTHROUGH & ARENA
Thursday, 1 Oct 2015
$449,000 Australian Renewable Energy
Agency (ARENA) funding for short-term
project to demonstrate commercial viability
of Perovskite Solar Cell technology
Milestones focussed on high efficiency and
durability
The agreement paves way for further
negotiation for major Australian collaboration
with industry, scientific institutions, including
CEFC
Dyesol in the “sweet spot” for Australian
Government focus on sophisticated, next-
generation renewable energy
Enormous potential for value-add to
Australia’s vibrant building materials industry
Wednesday, 9 Sep 2015
In a world-first, Dyesol demonstrates 1,000
hours Light Soaking stability on strip cells
1,000 hours 85 ºC Thermal Degradation
milestone to follow
Light Soaking and Thermal Degradation
make up IEC 61646 – the international gold
standard for thin-film PV solar accreditation
Dyesol has technology roadmap to continue
to scale from strip cells to modules and
finally Major Area Demonstration prototype
panels prior to mass manufacture
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Successful completion of further quarterly Technology Development
Plan technical milestones
Potential announcement of a global Major Area Demonstration
engineering partner
Confirmation of a successful Turkish prototype project
Possible access to additional Australian Government financial
support
Emerging Industrialisation of PSC for Australian markets and
export
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FUTURE DEVELOPMENTS?
FOLLOW DYESOL
www.dyesol.com Subscribe Online Social Media
@Dyesol (English)
@DyesolLtd (German)
Dyesol Australia Ltd
D5I
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APPENDIX
DYESOL TECHNOLOGY
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PSC ARCHITECTURE
PSCLiquid DSC
Solid Hole Transport Material
Titania
Perovskite Light Absorber
Liquid Electrolyte
Titania
Dye
Nano-Platinum Catalyst
Si Solar CellHuman Hair
500 nanometres
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MESOSCOPIC SOLAR CELL EVOLUTION
Glass Substrate
Metal Contact
Glass Substrate
Glass Substrate
Glass Substrate
Glass Substrate
Dye + Liquid Electrolyte
Glass Substrate
Metal Contact
Dye + Solid Organic HTM
Glass Substrate
Glass Substrate
Dye + Solid Perovskite HTM
Perovskite + Liquid Electrolyte Perovskite + Solid Organic HTM
Glass Substrate
Metal Contact
Glass
Transparent Conducting Oxide
Perovskite + Carbon
Glass Substrate
Organic Hole Transport Material
Metal Contact
Perovskite Light Absorber
Planar Perovskite + HTM
Glass Substrate
Metal Contact
Glass
Low Work Function TCO (FTO)
TiO2 Blocking Layer
Low-Temperature Carbon
Glass
Low Work Function TCO (FTO)
TiO2 Blocking Layer
Porous Carbon
PSC ARCHITECTURE
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NREL CHART
Source: http://www.nrel.gov/ncpv/images/efficiency_chart.jpg
http://www.nrel.gov/ncpv/images/efficiency_chart.jpg
THANK YOU
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