Commercialising Dye Solar Cell (DSC ) Technology Sylvia Tulloch, Founder and Director, Dyesol Limited

Transcription

1 Commercialising Dye Solar Cell (DSC ) Technology Sylvia Tulloch, Founder and Director, Dyesol Limited 1

2 Introduction Elements of Commercialisation Technology readiness Market readiness Competitive pricing Route to Market All requiring adequate financing 2

3 PV Sector Background First Generation Crystalline Silicon Energy Payback Comparison Second Generation Thin film Semiconductor B a la n c e o f s y s t e m p a y b a c k t im e ( y e a rs ) Crystalline Thin Film DSC Third Generation Artificial Photosynthesis Nanotechnology 0 Recent Anticipated Data from ECN, Holland 3 3

4 Challenge for Next Generation Solve issues not solved by 1st and 2nd Generation Meet longevity and price expectation Establish Route to Market Finance Market Entry 4

5 Introduction to DSC Dye Solar Cell (DSC) technology draws together two very important scientific concepts nanotechnology and biomimicracy. Dyesol s nanotechnology product isbased on artificial photosynthesis, safe and plentiful raw materials. The DSC was conceived by its inventor Michael Graetzel as a solar cell with low embodied energy, manufactured using low temperatures and environmentally benign and plentiful raw materials. Thus the DSC will provide a solar cell which can be scaled up without the downside of increased Greenhouse gases during its manufacture. In 1995, the Australian government initiated and supported an industry led collaboration on DSC technology between Australian researchers and, Professor Michael Graetzel and the Swiss Federal Institute EPFL. Dyesol was formed in 2004 to commercialise the R&D DSC is 3rd generation solar technology, with products beginning to enter the market. Dyesol s cllaboration with Korea is now in its 3 rd year. 5

6 DSC - Artificial Photosynthesis photon TC E f e - e - TiO 2 Dye I 3- /I - TC Green Power 6

7 Nanotechnology and Biomimicracy Organometallic dye DSC Schematic 7

8 DSC Unique Characteristics Can be deposited onto a range of substrates Stable maximum power point in all light conditions Proven technology stability for 25 years and good temperature stability Range of natural colours and optional transparency Easy to produce with low skill labour force Low cost production facilities Clean green materials of manufacture Lowest embodied energy LCOEs (Levelised Cost of Energy) simulation showed that a typical DSC design in high volume manufacture, would have a LCOE of $US 10.6 cents per KWhr. 8 8

9 Why is DSC Better in Low light? Different principles of operation Silicon solar cells are solid-state devices -based on charge transport through minority carriers where bulk electron-hole recombination significantly increases at lower light intensities. DSC are a photoelectrochemical system, where charge transport occurs through majority carriers and with reduced recombination mainly at the TiO2/dye/electrolyte interface. Recombination processes at low light levels have a much lower negative impact on performance. In addition surface modification and interface engineering of nanosized TiO2 can further selectively suppress recombination. Maximum power point voltage of DSC devices (and thus fill factor) is thus significantly more stable regardless of the angle of incidence and light intensity. Mpp is virtually independent of light level. 9

10 Introduction to Dyesol Founded 2004 (technology developed over previous 14 years) ASX listing date (DYE) Headquarters Vision Business model 31st August 2005 (also trades on the German 3rd Market) Queanbeyan NSW, Australia To be the leader in development and supply of 3rd generation solar cell technology. Material inputs, research and manufacturing solutions, provision of next generation technology Global partnering program Focus on key 5 market sectors: Steel Glass Automotive Built environment - indoors Electronics 10

11 Dyesol Global Glass Business From Test Cell to Tera Watts.. Test Cell Cell Array/Tile BIPV Panel Net Zero Buildings and Cities 11

12 Dyesol Global Glass Business Partnered with Pilkington to create new company DyeTec Solar (DTS) Pilkington is a leader in the global Glass market Global Float Glass market - over 7 billion SqM p.a. Building consumption is ~70% = 4.2B SqM p.a. Add additional DSC coating to glass for PV functionality Initial Products - DSC based spandrel, atrium and view glass Opportunity if 20% of production converted = over 840M SqM/annum *Note: examples only, does not reflect any specific product 12

13 Dyesol Global Glass Business Incorporated in Ohio in 2010, based in Toledo Glass City Commencing Operations in April 2011 Funded with an Ohio Third Frontier Grant Focused on penetrating the Global glass BIPV/BAPV and AIPV markets with long life product Leverages optimized Pilkington TCO glass and Dyesol DSC materials designed to work better together than apart Foundation underpinned by both parties extensive IP, and existing global routes to market DyeTec Products will be split between glass based Devices and volume manufacturing equipment sets for sale/license 13

14 DSC Solar Steel Roofing Typical Coil Coating line Corus Colourcoat 100 million Sq M per annum Vast Colourcoat Roof Coated Steel market -over 1 billion Sq M, growing at 7-8% pa Dyesol Partnered with Tata Steel Europe, plus interest from other steel coating companies to license from Tata/Dyesol Potential for Solar coated steel cladding 20% i.e. over 200 million sqm/annum Equivalent to over 10 Giga Watts installed per annum, compared to 2007 installations of 2.8 Giga WattsProject in 3 rd year, going to engineering phase Supported by 5 million grant from the Welsh government Project now in its 4 th year Dyesol s role is as the Exclusive DSC material supplier, under agreement with Corus 14

15 Key Strategic Partners Partner Market Region Details Steel / wall & roof applications UK/Global Fifth largest steel producer in the world Co-develop and commercialise DSC on coil-coated steel 10+ million joint-programme under the Welsh Assembly Government (WAG) contract Production and distribution forecast by FY 2013 Materials supply Germany/ Global World leader in development and manufacture of ionic liquids and electrolytes Co-develop electrolytes for use in DSC View and nonview glass applications US/Global Part of NSG Group, world s 2nd largest manufacturers of glass and glazing products for building, automotive and specialty glass markets Commercialise DSC on view and non-view glass, utilising Pilkington s TEC series of transparent conductive oxide (TCO) coated float glass and Dyesol s DSC materials Ohio State Third Frontier Fund US$ 1 million Development grant confirmed Singapore Aerospace Manufacturing (SAM) Engineering and Process Solutions Singapore/ Global Co-develop proto-type manufacturing facilities for use by Dyesol applications partners Owned by Singapore Government Instrumental in controlling DSC know-how TIMO TECHNOLOGY OLEDS/ consumer electronics Korea/Global Dyesol-Timo is 50/50 JV for development and commercialisation of DSC in Korea Timo Technologies is a listed electronics supplier to large MNCs such as LG 15

16 Recent Developments Dyesol-Tata meets important Beta (Scale-Up) phase milestone Welsh Assembly announces funding of Sustainable Product Engineering Centre for Innovative Functional Industrial Coating (SPECIFIC) and SBEC (Sustainable Building Envelop Centre) DyeTec Solar wins US$950K grant to commence Toledo based large panel glass project US National Renewable Energy Laboratory (NREL) provides co-chair with Dyesol for DSC-IC 2010 in Collarado. Dyesol works with key materials and equipment supply partners - SAM, Merck and moves to LOI with Umicore. Enters R&D collaboration with NIMS, Japan world class materials research institute Prototype roofing product 16

17 Dyesol Now Over 4000 Australian shareholders.(110 million shares) Also trading on German Stock Exchange now over 30 Million shares Current Share Price ~ $.70 (IPO in 2005 was $0.20), Market Capitalisation ~ $100 million Australian DSC Materials factory official opening by Australian Government Minister for Resources and Energy October 08, Dyesol/Corus PV Accelerator opened by First Minister of Wales, October 08; Dyesol-Timo pilot facility opened by Minister,09 Full-time team 75 scientists, engineers, business developers and support staff. 17

18 International Footprint Supplies products to more than 30 countries throughout the world UK USA Germany Switzerland China Japan FY09 Revenue Italy Turkey Abu Dhabi South Korea Taiwan Singapore 30% Australia Asia Malaysia 1% 69% Europe Australia Global headquarters Subsidiaries in Germany, Italy, Japan, Korea, Singapore, Switzerland, UK and USA Representatives, agents or contracts in Abu Dhabi, China, Malaysia, Taiwan and Turkey 18

19 Concluding Remarks DSC will create new markets for solar Carbon trading will escalate the already large market growth for solar product New scientific concepts -nanotechnology and biomimicracy key to vital innovation International Collaboration is key 19