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Opportunities in Cleantech and Energy - Morgan Solar Inc. Pres to Young Social Entrepreneurs of Canada

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Opportunities in Cleantech and Energy - presented by Emma Hemmingsen, Communications Manager, Morgan Solar Inc. to Young Social Entrepreneurs of Canada reVision 2011 conference.
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  • 1. Opportunities in Cleantech & Energy <br />Emma Hemmingsen<br />Communications Manager <br />& Biz Devemma.hemmingsen@morgansolar.com<br />reVision 2011<br />March 26, 2011<br />
  • 2. Cleantech<br />Bombardier’s solar-powered, high-speed Maglev train. Designed to perform more efficiently and at lowercosts.<br />
  • 3. Source: Cleantech Group LLC<br />
  • 4. If You’re Going to Start Up in Cleantech<br />…it’s actually not that different from starting any other for-profit company.<br />
  • 5. Follow The Typical VC Investment Model<br /> 1<br />10x<br /> 1<br />0<br />0<br />x<br />x<br /> 0<br />0<br /> 0<br /> 0<br /> 0<br />VCs make 10 investments<br /><ul><li> 1 winner, 2 break evens, 7 duds
  • 6. They want a 10x return, in 3 to 5 years</li></ul>Show yourself and your investors how you will get your money out.<br />
  • 7. Except realize that the stakes are higher<br />
  • 8. Energy Poverty<br />
  • 9. Cost Vs. Efficiency - A Trade Off?<br />Thin Film PV<br />Low Cost<br />Low Efficiency<br />Silicon PV<br />Higher Cost<br />Medium Efficiency<br />CPV<br />Expensive<br />High Efficiency<br />CPV HOLY GRAIL<br />High Efficiency<br />Low Cost<br />
  • 10. CPV Has Tremendous Potential<br /><ul><li> Multi-junction or III-V cells developed in 1970s for space applications
  • 11. Better thermal performance than silicon or thin films
  • 12. Potential efficiency of 60%, in clear development path</li></ul>III-V Cells > 40% efficiency<br />Cell Cost < $0.30/ Watt<br />
  • 13. Current Optics Are The Limitation<br /><ul><li> Bulky, high precision & expensive
  • 14. III-V cells in a box with lenses on top</li></ul>Fresnel Lens<br />Amonix MegaModule 7700 (Source www.amonix.com)<br />
  • 15. Morgan<br />Solar<br />Fresnel<br />Light-guide Solar Optic: Low cost, high efficiency concentrating optic<br />
  • 16. Investors<br />Funding & Support<br />$9.2 million in Angel, VC & strategic investments<br />$10.3 million in Canadian & US Government funding<br />
  • 17. Plan & Next Steps<br /><ul><li>Sell turn-key systems
  • 18. Start Certification process - summer 2011
  • 19. 450 kW of test sites in 2011
  • 20. 5.5 MW/year facility - mid 2011
  • 21. Ramp up of 50 MW/year in early 2011
  • 22. Leverage success in subsidized markets in the developing world to enter developing</li></li></ul><li>Cleantech Opportunities<br />Renewable Energy<br /><ul><li>Fenix Solar
  • 23. Tangerine Power (community-funded power)</li></ul>Energy Efficiency (the Nega-Watt)<br /><ul><li>Opower (community engagement platform)</li></ul>Transportation<br /><ul><li>Timeshifting commutes & telecommuting
  • 24. Ride & car sharing
  • 25. High-speed rail, the Bike Train</li></ul>Smart Grid<br /><ul><li>Timeshifting appliances --> the Energy Internet
  • 26. The Desertec Initiative</li></ul>Biofuels (aggregating farmer’s waste) <br />Waste <br /><ul><li>Craiglist --> opp. to connect expiring food in similar way</li></ul>Connecting peopleand things more efficiently<br /><ul><li>Connect MBAs with inventors trying to get their cleantech ideas off the ground</li></ul>Other examples<br />In Canada 12000 kWh/yr/home ÷ 550 kWh/m2/yr = 22 m2/home <br />10 m2 per home might be enough for energy efficient homes. <br />5 m2 per home would be a big improvement for African homes. <br />
  • 27. “We need lots of companies working on this. Hundreds. In each of these five paths [nuclear, carbon storage, solar photovoltaic, solar thermal, and wind] we need at least 100 people. And a lot of them you look at and say ‘you’re crazy’. That’s good.”<br /> - Bill Gates’ TED talk on energy: Innovating to Zero! (2010)<br />
  • 28. Thanks!<br />Emma Hemmingsen<br />Communications Manager & Biz Dev<br />416.203.1655<br />emma.hemmingsen@<br />morgansolar.com<br />
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