StrengthsMarket Position Weaknesses

• Recent emergence onto the solar scene

• Focused on utility-scale installations

• Pilot plants are contracted and being installed

• Little reliance on silicon price swings

• Infrastructure can be upgraded as cells improve

• Modular infrastructure can be infinitely scaled

• Low operating costs

• Relatively new technology has limited field deployment statistics

• Some systems are overly complex

• Fairly recent entrant to solar power generation market

• Significant traction internationally is growing in the US (CA, NV)

• Scalable systems

• Highly durable

• Low operating costs

• Water usage – often in areas where water is scarce

• Difficult to Upgrade

CPV

CSP

• c-Si has a long operating history in the market and is well understood

• Thin film has recently entered the market but is quickly gaining traction

• Commercial and Residential Applicability

• c-Si is well understood and is a fairly stable technology

• Thin film is the lowest cost solar technology

• Both technologies can be widely deployed – rooftops, cars, electronics, charging stations

• Highly susceptible to silicon pricing / availability

• High capital costs for incremental capacity

• High replacement cost

• Thin film provides relatively low energy density

c-Si / Thin Film

Competitive Landscape