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. It d t Di i Introductory Discussion August 2007 Copyright© 2007 Ausra, Inc. Non-published

Transcript of Ausra, Inc. · 10 cents/kWh now, under 8 cents/kWh in 3 yrs ... Cost of Power vs Cost of Capital...

Page 1: Ausra, Inc. · 10 cents/kWh now, under 8 cents/kWh in 3 yrs ... Cost of Power vs Cost of Capital WACC Price Today Manufacturing Scale Storage Turbine Scale 12% $104 $92 $79 $67 8%

Ausra, Inc.

I t d t Di iIntroductory DiscussionAugust 2007 Copyright© 2007 Ausra, Inc. Non-published

Page 2: Ausra, Inc. · 10 cents/kWh now, under 8 cents/kWh in 3 yrs ... Cost of Power vs Cost of Capital WACC Price Today Manufacturing Scale Storage Turbine Scale 12% $104 $92 $79 $67 8%

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’

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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”

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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!