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SDTC Application For Funding

SDTC Application For Funding. Company Information. Palette PV. Building integrated, stress and weather-resistant solar PV modules. Define the Sustainability Problem. Integrating PV modules into buildings faces several hurdles:

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SDTC Application For Funding

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  1. SDTC Application For Funding

  2. Company Information Palette PV Building integrated, stress and weather-resistant solar PV modules

  3. Define the Sustainability Problem • Integrating PV modules into buildings faces several hurdles: • Cost vs ability to harness energy (the levelized cost of electricity for BIPV is significantly higher than ground-mounted or rooftop PV, largely because they are unable to track the sun and generally have less exposure). • Material limitations • Can be damaged by high winds and extreme precipitation. • Must adhere to strict material specifications and standards of construction industry. • Today’s solutions are not aesthetically pleasing • Palette PV has developed an affordable module that is easily integrated to the roofs and sides of existing or new buildings. • The technology leverages wavelength shifting technology and optimized microscopic solar cells, meets commercial building codes in all Canadian jurisdictions, can be tuned to nearly any colour (without efficiency losses), and can be installed on existing or new buildings.

  4. Environmental Benefits - Qualitative • BIPV installations result in cleaner air through the displacement of fossil fuel derived power generation. • BIPVs can enhance buildings’ thermal and electrical management systems, leading to less dependency on the electrical and gas grid. • By installing Palette BIPV, the technology will increase the proliferation of clean energy and provide building managers with a flexible solution to managing heat and cooling during both the summer and winter. • Key assumptions • Buildings generally use natural gas for heating in winter and electrically powered centralized air conditioning systems in the summer. • Capacity factors adjusted for seasonality and technology’s ability to gather solar energy over the course of a day.

  5. Environmental Benefits - Quantitative • Baseline: Building grid power for air conditioning and natural gas based heat • Environmental benefits are based upon the number of square feet of modules sold for cladding or roofing • We expect to sell roughly modules for 5,000 buildings at an average of 5,000 ft2 per building in the next 5 years • 0.01 MWh/ft2 which at standard grid factors would result in 1.5E-6 kilotonnes of CO2e reductions with the deployment of each unit. • This will result in emissions reductions of 37.5 kilotonnesof CO2e

  6. Technology • Palette PV has developed a range of applications for its modules, including a window mount, side of building mount, and rooftop mounts (for various structures including parking garages). Panel Cross-section InboundLight Reflected Light % Polycarbonate/Glass Wavelength Shifting Film Solar Energy Absorption Film Glass/Backing Material 605nm Wavelength Shifting Air Gap Our printable electronics-based microscopic solar cells are built on plastic film and are optimized to convert light in the 900nm wavelength range 500nm Colour TunedReflectedLight 900nm Current Collecting Conductors andInsulating Frame

  7. Technology • Wavelength shifting film developed, modeled efficiency improvement of 0.75% • Initial solar absorption film capable of producing charge of 0.001W/cm2 • Layered films utilized to enhance solar generation by 0.5% • Printable solar absorption film process prototyped • Able to harvest power from solar absorption film at annual 0.01MWh/sqft at standard solar test conditions

  8. Technology

  9. Technology – Key Innovation • Our wavelength shifting film technology is enabled by quantum-dots and works to both reflect a chosen wavelength of light to provide tunable colour and shift other areas of the spectrum to the ideal absorption wavelengths for our solar cells • Our solar cell film is produced using printable electronics materials, allow for nearly invisible structures, while achieving low cost • This combination will provide market-leading BIPV efficiency, giving Palette an opportunity to drive a market that has been slow to grow. • Further, the ability to tune the panels to virtually any colour (during assembly) will allow customers to maintain the aesthetic of their building envelope.

  10. Market - Quantification • Key Customer Benefits • Load levelling with grid during high electricity prices • Reduced reliance on natural gas grid for heating • Aesthetically neutral/pleasing alternative to traditional building shell • Payback Period for Investors Paybacks are based upon the additional cost of our cladding material versus the payback from power savings at a rate of $0.15/kWh in our chosen initial target markets

  11. Market – Commercial Strategy • We are bringing our product to market through the use of toll/contract manufacturing (Materials Engineering Inc.). • We plan to initially market the product to architecture industry associations, architectural firms, and building owner/operatorsand will sell through a broad set of building supply distributors/retailers. • We expect to initially target roughly 3% of the N.A. market with our high-end, high-efficiency product with a particular focus on the states of Florida, Texas, Arizona, New Mexico, Nevada, California and Hawaii. • As sales grow and we are able to reduce the cost of manufacturing, we plan on targeting international markets and more northerly climates.

  12. Market – Value Proposition • The global BIPV market is $7B opportunity (if window-integration and wall mounts are consolidated). • In North America, the market is estimated to be roughly $250M (Canadian market $25M)

  13. Market – Competitors

  14. Project Overview

  15. Project Workplan

  16. Project Partners

  17. Project Budget

  18. Management Team

  19. Intellectual Property

  20. Recap Please give a brief summary of your project scope and objectives, focusing on how this project solves an industry problem. • Palette PV’s modules overcome the cost, material, and aesthetic challenges associated with current BIPV systems. • The project will take place over 33 months and will demonstrate Palette’s modules in a commercial setting, which will provide real-world proof of concept to potential customers. • The North American market is currently $225M – Palette will initially target 3% • Potential environmental benefits are emissions reductions of 37.5 kilotonnes of CO2e within 5 years of commercialization

  21. Media Ready Description Palette PV is a building-integrated photovoltaic module producer and provider. The company specializes in high-efficiency, aesthetically neutral/pleasing window-based or shell-mounted modules. Palette is a Calgary-based company working to create a product that can be easily integrated into commercial buildings to provide energy flexibility without compromising the aesthetic of the design.

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