1220-Savosolar 05062013 ecos13 - Ecosummit · Looking for VC funding of € 2 million to match € 2 million public equity funding . SolarThermalvs.Photovotaics Savosolar(Conﬁden.al(Issue))

Ecosummit Berlin 2013

Jari Varjo7e CEO

Savosolar Products

Savosolar Confiden.al

Savosolar absorbers full aluminium direct flow solar thermal absorbers

Savosolar collectors high efficiency solar thermal flat plate collectors

Looking for VC funding of € 2 million to match € 2 million public equity funding

Solar Thermal vs. Photovotaics


Issue 1.  High efficiency

•  Industrial level large scale installa.ons (district hea.ng, process hea.ng, solar thermal cooling)

•  Limited roof space or land area

2.  High temperature resistance and sustainability •  In high temperature solar thermal solu.ons

(CSP, cooling) combina.on of top class op.cal proper.es and efficiency is needed


Compe77ve Advantage


Cu or Al substrate

100

PVD: TiAl Si Nx

PVD: TiAlSiOxNy

PECVD: SiO2

45

60

•  Patented op.cal nano coa.ng •  Top class op.cal proper.es – high efficiency •  Extremely good angle modifier -‐ over 90% absorbtance s.ll with

120 degree angle •  Stability in high temperatures – longer life .me •  Possibility to use in CSP solu.ons up to 700 Co

•  Only company in the world able to coat complete absorbers up to size of 18m2 (3m x 6m)

•  Enables the use of direct flow absorber design with highly efficient selec.ve op.cal coa.ng

•  Coa.ng capacity 1 million sqm/a •  Patented coa.ng process

•  Direct flow design in the absorber -‐

•  Minimizes heat losses •  Maximizes energy yield •  Long life time special

aluminium alloy

The Most Efficient Collector


Savosolar Collectors in Office Buiding

•  Solar thermal with district hea.ng – 15 Savosolar direct flow collectors •  Simulated energy produc.on 20 000 kWh/a •  Collector annual energy yield 667 kWh/m2 , efficiency 56%


MPE Direct Flow Absorbers


All sizes up to 18 m2 for all applica.ons

Sunstore 4 Project, Marstal, Denmark


World Class Team

Jari Varjotie, * CEO, M.Sc. Over 25 years top mgmt international experience in different industries

Kaj Pischow * CTO, founder 35 years experience in the development of new technologies, a coating technologies specialist

Rosa Aimo * Admin., B.Sc. founder Over 15 years experience in R&D, has lived in China and built operations there

Hannu Hulkkonen * Sales, LL.M., MBA Background in international B2B business and investment services

Aki Matilainen, Researcher, M.Sc.

Luis Rebouta, Researcher, PhD.

Martin Andritschky Researcher, PhD.

Paola Santilli, * Operations Manager, M.Sc. Previously worked in Siemens Archimedes high temperature coatings

Ilkka Arha, * Sales, B.Sc. Long experience in B2B international sales and operations, has lived in Korea, MENA, Hungary


Target customers – where more kWh/m2 and premium brand maTer

•  Leading hea.ng brands •  Have value of premium high efficiency collector and channels to sell it

•  Industrial integrators – every % increase brings benefits •  District hea.ng with large installa.ons •  Process hea.ng •  Solar thermal cooling and clima.za.on

•  ”Sonnenhaus” and ”off grid” buildings •  Building integra.on


Sales 2013

1.  Large area absorbers to district hea.ng system 6000 m2 240 k€ 2.  Leading hea.ng brands making collectors based on Savosolar absorber 190 k€ 3.  Sonnenhaus builders (Germany, Austria, Russia) 110 k€ 4.  Industrial processes installa.ons 150 k€ 5.  Finland (14 resellers + SDH cases) 800 k€ 6.  Others 400 k€

•  Integrators in Italy, Denmark, Switzerland, Japan, Russia, Austria, Germany, RSA

7.  Industrial coa.ng services 180 k€

Total > 2 m€


Sales 2014 prospects (known) 1.  Large area absorbers; joint target for 2014 over 60 0000 m2 2 500 k€

•  Full poten.al over 150 000 m2/a = > € 6 million

2.  Absorbers for leading hea.ng brands premium collectors 1 900 k€ 3.  Sonnenhaus builders 900 k€

•  Customers doing over 30 projects 4.  Industrial processes (three companies) 250 k€ 5.  Japan/Asia 300 k€ 6.  Finland 1 200 k€ 7.  Others 1 500 k€

•  Over 15 known contacts

8.  Industrial coa.ng services 300 k€ 9.  PVT absorbers 600 k€

Total > 9 m€


Financials


•  Investments •  Looking for VC funding of € 2 million to match € 2million public equity funding •  Funding so far € 6,5 million

•  Exit plan •  Most probable exit is industrial company; either ver.cal integra.on or new player

diversifying from other markets to solar thermal •  Time frame could be already 2 years with some already exis.ng candidates

•  Revenue development •  2012 340 k€ •  2013 1 877 k€ •  2014 8 260 k€ •  2015 14 385 k€ •  2016 24 850 k€

k You!ThaJari Varjo.e +358 400 419734 [email protected]

Documents

1220-Savosolar 05062013 ecos13 - Ecosummit · Looking for VC funding of € 2 million to match € 2 million public equity funding . SolarThermalvs.Photovotaics Savosolar(Conﬁden.al(Issue))