Gurin Sol Xorce Investor Presentation 112309

8/14/2019 Gurin Sol Xorce Investor Presentation 112309

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Sol Xorce, LLC

Microchannel Heat Exchangerw/ Non-linear Design

Supercritical Working Fluid

Superior System Integration


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Sol Xorce

confidential

Mission: To develop the best performing solar receiver with lowest LCOE in

distributed energy thermal process and power generation solutions

Objectives:1. Become industry standard for low concentration and concentrated solar

thermal receivers.

2. Provide solar integrated heat pump solution to achieve lowest cost ofthermal energy on a 24x7x365 basis.

3. Achieve highest combined efficiency in distributed energy systems by directintegration of solar receiver, heat pump, and power generation.

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Public perception is all too often directed towards electricity, which only makes up 20% of end

energy consumption. This alone should make it clear that a big push will have to generate

heating and cooling (from) renewable sources. quoted by ESTIF President Olivier Drucke


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Sol Xorce

confidential

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SupercriticalWorking Fluid

Low viscosity enables microchannel receiverCO2 as working fluid enables higher operating temperaturesHeating working fluid directly eliminates secondary heat transfer fluid and heat

exchanger

MicrochannelReceiver

Superior heat transfer enables non-linear receiver design to improve solar conversionefficiency

Match solar flux and heat transfer into working fluidLower emissivity losses

Solar ConversionEfficiency

Higher solar conversion efficiency reduces # of solar concentrators, receivers, andfield acreage

Higher operating temperatures yield higher conversion efficiencySuperior LCOE from lower capital and operating costs, and higher efficiency


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Sol Xorce

confidential

Existing receivers have costly limitations Poor optical efficiency (emissivity losses) Lower temperatures (fluid breakdown) High vacuum to protect absorber coating RESULT = Heat transfer fluid reduces

system efficiency

Solar collector design is receiver dependent High wind loading due to parabolic

shape increases cost of structure and

tracking components

Structure has complex design with highinstallation costs

Combined solar collector is too expensive Receiver = 20% of Solar Field Cost Solar Field = 58% of Solar Thermal

Power Solution

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20

19

29

6

5

7

3

44 3

Solar Field Cost Breakdown for Parabolic Trough Plant

2004 Near-Term Case: 100 Mwe with 12 hrs TESReceiver

Mirror

Metal Support Structure

Drive

Interconnection Piping

Electronics & Control

Header Piping

Pylon Foundations

Other Civil Works

Heat Transfer Fluid


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Sol Xorce

confidential

Standard Solar Thermal Sol Xorce Improvements Receiver microchannel reXeiver for

higher solar harvesting & superior heat

transfer directly to working fluid, and

elimination of high vacuum

Parabolic Troughs enables new low costconcentrator through lower wind loads and

lighter structure weight

Turbine receiver and working fluid achievehigher temperatures enabling higher

thermodynamic efficiency for power

conversion (& heat pump)

Cooling Tower higher temperatures enablewet tower to be replaced by air condenser

minimizing water consumption

Thermal Storage higher temperatures enablelarger energy storage in the same volume

n6


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Sol Xorce

confidential

Direct heating of working fluid Higher working fluid temperatures achieved by eliminating heat transfer fluid Eliminating heat transfer fluid reduces vacuum requirement within receiver Higher thermodynamic efficiency from higher working fluid temperature Changing working fluid from steam to CO2 enables distributed scale systems

Reduces cost of entire solar field by up to 25% Less square meters per kW harvested More kW harvested per hectare of land

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Increase in temperature from 500F to 550Fincreases system efficiency by over 5%

Working Fluidof CO2

Increase in temperature from 512F to 829Fincreases system efficiency by over 24%

Working Fluidof Steam


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Sol Xorce

confidential

Solar Performance

Increases heat transfer and reducesemissivity losses

Lower wind profile and structuralload

Same working fluid for powergeneration, heat pump, andcooling enables dynamic

optimization

Performance differentiation innon-tracking, and concentratedlinear and tower systems

System Achievement

Combined solar thermal and heatpump operation projected toachieve industry best results on a24x7x365 basis:

lowest cost of energy forprocess heat, and CO2emissions

highest energy efficiency forprocess heat

Solar thermal power generation highest harvesting and

thermodynamic efficiency

lowest LCOEn8


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Sol Xorce

confidential

!stGenerationP

roducts Solar

Receivers

DistributedEnergy Scale

Flat PanelCollectors

1X 3XConcentration1stG

eneration

Systems

Heat Pump

IndustrialProcesses

AirConditioning& Heating

Domestic HotWater

2ndG

eneration

Systems

PowerGeneration

DistributedEnergy Scale

Hybrid Solarwith Wind orGeothermal


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Sol Xorce

confidential

Heat Pump Processes Domestic Hot Water Heat

Pumps

Absorption Chillers Radiant Cooling w/ Integrated

Liquid Desiccant

Industrial Process Heat Pumps Integrated Vapor Compression

and Absorption Solutions

Power Generation Organic Rankine Cycles Supercritical NH3 & CO2

Brayton & Rankine Cycles

Parabolic trough for distributedenergy

Parabolic trough and centraltower for utility scale

Integrated solar and wind Integrated solar and geothermal

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Sol Xorce

confidential

Solar thermal can displace 58% of residential &31% of commercial electricity requirements, plus

displace a higher % of natural gas


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Sol Xorce

confidential

Sol Xorce markets through3rd party distribution channels

Sol Xorce sells products andapplication engineering

Sol Xorce provides integratedsolar and thermal systems

Sol Xorce integrates 3rd partycollector and tracker

Sol Xorce manufactures onlyreceiver

Receiver

Solar Collectorw/ & w/oTracking

HVAC/R

IntegratedHeat Pump

HVAC

HVACContractors

Domestic HotWater

Integrated HotH2O Solution

PlumbingContractors

Solar ThermalPower

IntegratedSolar Field

Power BlockOEM < 10

MW

High TempIndustrial

Process OEM


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Sol Xorce

confidential

Experienced Corporate Leadership Building management and world class engineering team

Developing Global & Fortune 500 strategic partnerships Creating sustainable advantage through innovation

Expanding Intellectual Property Portfolio Microchannel collector & receiver design Receiver optical efficiency Direct integration with heat pumps Mixed solar field collector operation Low wind profile solar concentrator Integrated solar and wind solution Integrated solar thermal and PV solution High volume manufacturing of receiver

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Sol Xorce

confidential

Raise $3M seed funding and establish company Build core management and technical team - Hire COO, Material

Scientist, and VP of Engineering within 4 months of funding

Accelerated prototype demonstration with identified key suppliers Design and test for high volume manufacturing Design and test new collector leveraging non-linear receiver design Extend product reach from commercial/industrial scale distributed

energy for consumer and utility scale systems


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Sol Xorce

confidential

Receiver prototype (up to 650F) completion by end of Q1-2010 Validate receiver prototype by end of Q2-2010 to establish pressure and

temperature operating envelope

Manufacturer secured by beginning of Q2-2010 Establish strategic relationships for key synergistic components:

by end of Q2-2010 for concentrator and lightweight structure by end of Q3-2010 for heat pump by end of Q1-2011 for power generation

Establish strategic relationships with key sales channels with key HVAC/R andbuilding automation contractors

Commercial launch by end of Q4-2010 (assuming funding at end of Q4-2009


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ConclusionSol Xorce is poised to deliver leap improvements

in solar thermal for electricity, cooling and heating.

Michael Gurin

T: (847) 962-6180

E-mail: [email protected]

Gurin Sol Xorce Investor Presentation 112309

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