Breakthrough PV System for

Commercial Rooftops

March 2009
 Solyndra, Inc.
We manufacture photovoltaic systems for the commercial rooftop market
PV
• Proprietary cylindrical module design
PV Systems
Systems • High electricity output per rooftop
Optimized
Optimized for
for
Commercial
• Fast, easy, low-cost installation
Commercial • Light-weight, no roof penetrations
Roofs
Roofs • Low cost per kilowatt hour

• Warranty: 5Yr. product / 25Yr. performance

Reliable
Reliable &
& • Truly hermetic, watertight CIGS package
Robust
Robust • UL and IEC certified (GSE Approved, Italy)
Product
Product • Independent energy yield models for project
Design financing
Design
• Substantial positive field performance and
accelerated lifetime results
• $1.5 billion of customer contracts
Execution
Execution • Internal equipment design & mfg enables
Confidence
Confidence &
& rapid ramp
Commercial
Commercial • Commercial shipments July 08 start
Operation
Operation • Ramping Fab 1: 110MW
• Launching Fab 2: 500 MWp (U.S. DOE)

Experienced
Experienced • Fortune 500 leadership
Management
Management • Global high-tech, thin-film
Team manufacturing track record
Team

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 Management Team
Proven Ability to Execute

Leadership Team: Public Company Management and Execution

Dr. Chris Gronet • VP Applied Materials: grew $1.2B thermal processing business in <6 yrs
• Founder, G-Squared Semiconductor (RTP, sold to Applied Materials)
Founder, Chief Executive Officer • Pioneered new PV concepts at SERA Solar (1980-84)

Bill Stover • CFO Micron Technology, global semiconductor memory manufacturer

• >20 years finance and operational experience in capital intensive, high volume, low
Chief Financial Officer cost, international semiconductor processing, assembly and test
• VP Marketing, ReVera, semiconductor metrology start-up
Dr. Kelly Truman • Applied Materials: GM wafer clean business, Marketing Man. Dir. for thermal
VP Marketing, Sales & Bus. Dev. processing
• >20 years semi & thin film development, marketing & general management
• VP, Coherent Technologies, Laser Systems
Ben Bierman • Applied Materials: Deputy GM Thermal Systems, Man. Dir. Engineering
VP Global Operations • Lam Research: Managing Director, Supply Chain & Supplier Quality Engineering
• > 20 years thin film engineering, operations and manufacturing

High-Volume, Low-Cost Design + Manufacturing of

Manufacturing Administrative
Semi Equipment
John Scott
Pat O’Brien Dr. Raman Achutharaman VP Business Development
VP Manufacturing Operations VP Front End Process Technology
Dr. Erik Westre Ben Schwartz
Chris Lane
VP Quality and Reliability VP Production Equipment Acting General Counsel

Dr. Chris Spindt Dan Marohl

VP Integration VP Front End Engineering

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 LESKO\Ratings Agency Pres\S and P\03 Presentation to Solyndra.ppt

Higher Solar Electricity Output Per Rooftop at

Lower Cost of Electricity
Conventional Photovoltaic System

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 Cylindrical Module Enhances Light Collection

• Direct light: same

cross-section at all
angles

• Diffuse light: enhanced

collection from all
angles

• Reflected light: from the

roof

High energy yield in horizontal orientation

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 Collection of Sunlight Reflected from Roof

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 Solyndra Product
Cylindrical Modules in Panel, with Mounts Included

Cylindrical thin film cells Panel: 40 cylindrical modules in frame

in glass modules Product: Panel + mounts

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 Solyndra PV Array
High Energy Density (per Total Rooftop Area)

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 Customer Installation: Utah, USA

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 Customer Installation: California, USA

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 Simple, Low Cost Installation
No Rooftop Attachments or Ballast Required Up to 208 km/h
Conventional PV

Solyndra

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 LESKO\Ratings Agency Pres\S and P\03 Presentation to Solyndra.ppt

Packaged System: Panel & Simple Mounting Hardware

Solyndra Conventional PV
Penetrating Non/Minimally-Penetrating

vs. or

• Non-penetrating and self-ballasted

• Up to 3x faster installation
• Up to 2x lower installation cost

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 LESKO\Ratings Agency Pres\S and P\03 Presentation to Solyndra.ppt

Fast, Easy, Economic Installation

Connect Mounting Hardware Easy Panel Transport

Place, Plug In DC Connectors

Install Clip
and Ground Strap

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 Benefits of Tubular Package
• 1.5X concentration
–Optical coupling agent between
tubes acts as a lens to concentrate
light from any direction
–Less PV material required; reduces
manufacturing cost

• Hermetic Seal
–Watertight package isolates CIGS
thin film materials from moisture
–Eliminates major issue for CIGS
and ensures long-term stability

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 Additional Benefits of Cylindrical Modules &
Panel Structure

• Minimal building orientation

impact on kWh production
– Only ~1% less energy if 45 deg
from N-S tube orientation
– No impact on rooftop coverage

• Further increases to kWh

production
– Panels run cooler due to convective
cooling
– Less impact of soiling: ~ ½ that of
conventional panels

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Large Market: Commercial Rooftops

• >3 billion m2 of flat commercial rooftop area for PV in

US alone: 150 GWp
• >100 million m2 of reflective “cool roofs” installed
annually in US: 5 GWp/yr
• Distributed generation
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 Channels & Customers
$1.5B in Announced Contracts + Other Sales
• PV Integrators
– Lower installation cost
– More revenue per installation
– Less time per installation: higher
throughput & lower overhead

• Roofing Companies
– Lower cost when roof is installed at the
same time as PV
– Synergistic: reflected light enhances PV
generation, PV makes Cool Roof “cooler”
– Solyndra PV simple for roofers to install

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 Commitment to Reliability and Quality
• Solyndra products are certified to IEC61646 / 61730 requirements (Europe)
and UL 1703 requirements (North America).
• All European shipped products have the CE Mark.
Certification Status UL 1703
CEC Listing
Power Rating IEC 61730
IEC 61646
(Watts/Panel) IEC 61730-2
CE Mark
Fire Class C

150 Complete
157 Complete
165 Complete
173 Complete
182 Complete
191 Complete

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 Independently Validated Energy Yield Forecasting
30 Yr. Weather Data
Theory

3 Independent Engineering Firms

w/ Expert Energy Models
Bankable Energy
Forecasts For
Project Financing
Experience

>20 international sites Roof Aging Studies

California, Florida, Arizona, Pennsylvania,
Indiana, Maryland, Utah, New Jersey,
Germany, France, Singapore, Spain

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 Capacity Expansion: Fab 1
Fremont, California

• Ramping to 110 MWp per year

• 300,000 ft2 complex, >500 employees
• Products UL & IEC certified 5-08
• Commercial shipments started 7-08
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 Capacity Expansion: Fab 2
Fremont, California

• 500 MWp per year

• 30 acre site
• Groundbreaking 2009
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 Highly Automated Factory

• Rapid replication

• Higher yields

• Extensive in-line testing

& data tracking

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 Investors
>$600M equity raised to date from outstanding investors to
fund our growth & ramp

Argonaut Private Equity

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 $535M DOE Loan Guarantee For Fab 2

• Access to Growth Capital

• Accelerated Manufacturing Scale
• Validation of Product Quality

Solyndra at the White House

March 20, 2009
Solyndra Offered $535 Million Loan Guarantee
by the U.S. Department of Energy
Fremont, CA,– Solyndra, Inc. announced today that it is the first
company to receive an offer for a U.S. Department of Energy
(DOE) loan guarantee under Title XVII of the Energy Policy Act of
2005. Solyndra, a Fremont, California-based manufacturer of
innovative cylindrical photovoltaic systems, will use the proceeds of
a $535 million loan from the U.S. Treasury’s Federal Financing
Bank to expand its solar panel manufacturing capacity in California.
Washington Post, 3/24/09

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 Solyndra Delivers…
A System Optimized for Commercial Rooftops

• Higher
Higher annual
annual electricity
electricity output
output per
per rooftop
rooftop

• Fast,
Fast, easy,
easy, economic
economic installation
installation

• Light-weight
Light-weight &
& non-penetrating
non-penetrating system
system

• Bankable
Bankable kWh
kWh production
production

• Low
Low total
total system
system cost
cost and
and COE
COE

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