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Heliatek GmbH Dresden, Germany Company Presentation

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Heliatek GmbH

Dresden, Germany

Company Presentation

2

Executive Summary

• Focused on the production of organic solar cells based on proprietary IP

• The company was founded in 2006 out of two leading universities

• Headquartered in Dresden, Europe’s largest organic electronics cluster

Development centers in both Dresden (Physics) and Ulm (Chemistry)

Company Presentation © Heliatek GmbH www.heliatek.com

• World leading OPV efficiency 9.8% and extrapolated lifetime – ahead of milestones

• Successful proof of concept reached by its first R2R production unit in Dresden

• Commercial ramp-up by mid 2012

• Backed by leading industry (Bosch, BASF, RWE Innogy) and venture (Wellington Partners)

Raised €28m to date plus > €10m public funding and subsidies granted

• Raise €60m in round C by Q3/Q4 2012 to expand capacity

• Objctive: Invest in 1 R2R line with 1 m width and 75 MWp capacity

Fab-2 invest starting in Jan 2013

Basis

Achievements (12/2011)

Objectives

3

Photovoltaic Technology Development

Company Presentation © Heliatek GmbH www.heliatek.com

4

Optimum harvesting of the complete

sun spectrum

Doubled photovoltage

No electrical losses upon current

extraction

Heliatek’s Key Technology: p-i-n Tandem Cells

Company Presentation © Heliatek GmbH www.heliatek.com

Heliatek absorber

Heliatek absorber

PET foil -

+

p

n

p

n

+

-

Organic vacuum

deposited layers:

Total thickness

0.25 µm

Only 1 gram

organic material

per m²

Metal contact

TCO

Fullerene

Thiophenes

5

Efficiency Development for Cells >1 cm²

Company Presentation © Heliatek GmbH www.heliatek.com

Three efficiency world records in a row

All business plan milestones have been

met or overachieved

Efficiency level of a-Si thin film has been

achieved within only a few years

Rapid progress in transferring technology

from glass to PET-foil: 8.7% Eff.

Record cell stacks can be transferred into

production

Marginal loss at module size: only 0.6% loss

with an upscaling factor of >120 for

modules produced in our lab

eff

icie

nc

y

* 9.8% record efficiency certified by independent and accredited Fraunhofer ISE CalLab

6

Heliatek Patent Portfolio

Company Presentation © Heliatek GmbH www.heliatek.com

The current patent landscape

corresponds to the focus and core

competences of Heliatek

Focus will remain on materials and

special cell architecture features for

better life time and performance of

cells

More patents on module (Backend)

and production will follow

Heliatek

Patents

Material

5

Cell Architecture

7

Module & Back End

0

Process & Production

2

Applications

1

All absorber materials of Heliatek’s certified cells

Basic patent of tandem cell

structure + technology for better lifetime of

cells

7

Heliatek OPV Modules

Company Presentation © Heliatek GmbH www.heliatek.com

8

Key Benefit #1:

The future is light – PET modules for flexibility

Company Presentation © Heliatek GmbH www.heliatek.com

Thanks to the low process temperature, simple plastic foil can be used as substrate material:

Light weight

Ultra-thin

Robust

0.5 kg/m²

12 kg/m²

17 kg/m²

Listed weight values are average values of leading suppliers for each technology

Heliatek modules Thin film modules Classic crystalline modules

9

Key Benefit #2:

Aesthetic for new solar applications

Company Presentation © Heliatek GmbH www.heliatek.com

Various colors

Various dimensions

Various transparency levels

Homogeneous surface

Less than 1 mm thick modules

Architectural Freedom

10

Key Benefit #3:

Top real-life performances

Company Presentation © Heliatek GmbH www.heliatek.com

Heliatek’s OPV modules do not loose in efficiency when they hit the real world:

Superior low light performance: High temperature stability:

› Perfectly suitable for Northern countries with less irradiation, for facades or applications with poor orientation

› Perfectly suitable for hot, sunny regions and for applications with little module ventilation

temperature

11

Key Benefit #4:

The only TRULY green solar technology

Company Presentation © Heliatek GmbH www.heliatek.com

Extremely short energy payback time

Only 1 gram organic material per m2

Low energy used in production thanks to low process temperatures

Toxic-free manufacturing process

Only organic materials, no heavy metals in cells

Produced with available materials, without risk of shortages

Easy disposal at end of life cycle

12

Heliatek Market Segment Overview

Company Presentation © Heliatek GmbH www.heliatek.com

Small starting and

learning market

Mobile Electronics

Leisure & Comfort

Automotive RIPV BIPV Power Plants

Small to medium

market

Medium volume

market as of 2015

Large market with

limited

competitors

Small market, but

high growth

potential

Large market and

strong market

growth

Small Opportunity

Market

Business Entry Market

Mid- and Longterm

Market

Key Focus and Volume Market

Long term Opportunity

Market

Volume Opportunity

Market

Customer interest:

differentiation

Customer interest:

independent

energy supply

Customer interest:

fuel saving and

green image

Customer interest:

utilization of roofs

and reduction of

LCOE

Customer interest:

Net-Zero-Energy-

Building

Customer interest:

reduction of LCOE

13

Heliatek Development Scenario

Company Presentation © Heliatek GmbH www.heliatek.com

Vo

lum

e

2015-2017

BIVP, Larger off-grid, automotive & transport • Efficiency: 10...12 % • Lifetime: 20 yrs • Costs = industry average

2012-2014

Energy-2-go, small off-grid systems • Efficiency: 5...8 % • Lifetime: 8 yrs • Costs > industry average

2018 ff

On-roof standard PV, large PV power plants • Efficiency > 12 % • Lifetime > 25 yrs • Costs < industry average

Short Term Medium Term Long Term

Time

www.heliatek.com

Thank you

for your attention.