Meyer Burger Investor Presentation slide image

Meyer Burger Investor Presentation

MEYER BURGER'S HJT/SMARTWIRE: ENABLES LARGE EXTRA PREMIUM IN ASP Premium ASP (1) of HJT vs. mono PERC assuming same LCOE (2) in $cts/Wp +12 cts/Wp ~25 cts/Wp ~2 mono PERC additional performance ~10 19.5% module eff. HJT competiton (3) superior performance of MB solution (4) (1) ASP: average sales price for modules in $cts/Wp (2) LCOE: levelized cost of electricity ~37 cts/W p HJT/SmartWire 21.2% module eff. Source: Meyer Burger estimates (3) Calculation based on data sheet of best-in-class standard HJT module (Panasonic N340HIT) (4) Calculation based on data sheet of REC Alpha module Meyer Burger Technology Ltd. Presentation for Investors, Analysts and Media, 12 March 2020 MEYER BURGER Lowest possible LCOE (2) is key purchase criterion for utility providers. HJT has some inherent advantages over PERC: higher efficiency with more power (Watt) per m², higher energy yield (more kWh per installed kW) due to better temperature coefficient etc., less degradation over lifetime. Note: large scale manufacturers achieved significant efficiency gains. by implementing mono PERC and could decrease ASP advantage of existing HJT producers to only ~2 cts/Wp over time while HJT could not reap the benefits of large scale manufacturing so far. BUT: Meyer Burger's proprietary HJT/SmartWire offers substantial additional advantages vs HJT competition Additional reduction of degradation over lifetime due to proprietary technology Additional power per m² An ASP premium of up to 12 cts/Wp for same LCOE of HJT/SmartWire vs PERC modules is estimated by Meyer Burger 15 O Meyer Burger
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