Gianluigi AngelantoniPresident of ASEPresident of ASE

Archimede Solar Energy  | Company Presentation

Company

EXECUTIVE SUMMARY

Archimede Solar Energy (ASE), is an Italian based company that produces p y psolar receiver tubes for thermodynamic power plants under license from ENEA.

Established on 2007, ASE is the sole manufacturer with a commercially available solar receiver tube operating with molten salts as HTF.

On 2011 ASE completed the construction of one of the most innovative and flexible manufacturing gplant. With a nominal capacity of 150MW equivalent, scalable up to 300MW, the ASE’s plant is one of the largest in the world.g

The manufacturing process allow to cover the complete technology portfolio, Molten Salt, Oil, DSG.

Archimede Solar Energy  | Company Presentation

Shareholder

Established 1932, Angelantoni Group consists of 8 production units located in Italy (4 plants), Germany, France, India, and China, with a total of over 800 employees

Archimede Solar Energy  | Company Presentation

Project Evolution

2001-2003Concept Phase

2004-2006Creating Conditions

2007-2010Project Phase

ENEA Innovative components test and qualification

Industrial StageENEA Labresearch phase

Start of operation of the experimental

Start of operation ofArchimede Solar

Main components designed in

ti ith prototypeArchimede Solar

Energycooperation with national industries

Archimede Solar Energy  | Company Presentation

Project Evolution

2007 2010 2011 2012

The 14thof SeptemberOpening Ceremony

of ASE new manufacturing plant

The 14thof SeptemberOpening Ceremony

of ASE new manufacturing plant

ASE is the sole ld id d f Siemens Energy acquired

manufacturing plantmanufacturing plant

The 27th of Aprilworldwide producer of solar receiver tubes

(HEMS08) operating with molten salts as heat

transfer fluid.

Siemens Energy acquired a 45 percent stake in ASE

for fast expansion of production capacities

Release of new solar receiver tube HEMS11

The 27th of April, Angelantoni Industrie S.p.A. acquires 100 share of ASE’s

stock

Archimede Solar Energy  | Company Presentation

Manufacturing Plant

► Location: Italy – Massa Martana (PC) Cimacolle► Starting Date: October 2007► Electric Equivalent production capacity: 30MW/Yearng

Pla

nt

► Electric Equivalent production capacity: 30MW/Year► Plant Area: More than 16,000 sqm

Man

ufac

turin

Old

► Location: Italy – Massa Martana (PC) Villa San Faustino► Starting Date: September 14th 2011► Electric Equivalent production capacity: 300MW/Yearin

g P

lant

q p p y► Plant Area: More than 30,000 sqm► Fully Automated► Innovative manufacturing process► Full capacity: 75.000 rec./Y (2012) – 140.000 rec/y (2013)

w M

anuf

actu

riN

ew

Archimede Solar Energy  | Company Presentation

Manufacturing Plant

Archimede Solar Energy  | Company Presentation

HCEMS11 Solar Receiver Tube

ASE’s HCEMS11 is the world’s

most advanced receiver tube,

d i d f th d idesigned for thermodynamic

solar power plants, operating at

high temperature with molten

salts as Heat Transfer Fluid (HTF)

> Designed for thermodynamic solar power plants operating high

temperature (up to 550 C) with molten salts as HTF.

> Selective coating stable up to 600 C durable and stable in air m> Selective coating stable up to 600 C, durable and stable in air

> High working temperature (580 C)

> Superior optical parameters

ckne

ss <

0.5

μm

> Minimized heat conduction losses

> Produced under license from ENEA

> Austenitic stainless steel with Ti

Tota

l thi

c

Archimede Solar Energy  | Company Presentation

CERMET: ceramic‐metal nanocomposite

Fabrication technology : Sputtering

Ms vs. Oil

Archimede Solar Energy  | Company Presentation

References for MS Plants

ARCHIMEDE 5MW ISCC POWER PLANTS► Nominal Power: 5MW► Status: Operation► Since: June 2010Ita

ly

► NOT: 290 - 550 C.

ENEA PCS► Status: Operation► Since: 2006ly

► NOT: 290 - 550 C.Ital

MATS - Multipurpose Applications by Thermodynamic Solar► Status: Under Construction► COD: 2013pt

► NOT: 290 - 550 C.

Egyp

Archimede Solar Energy  | Company Presentation

Product Portfolio

MS BASED SOLAR THERMAL POWER PLANTS► Code Name: HCEMS 11► Code Name: HCEMS-11► Market Introduction: 2008► Unique receiver worldwide operating up to 550°C

OIL BASED SOLAR THERMAL POWER PLANTS► Code Name: HCEOI-12► Market Introduction: 2011► Offering a an high stability coating downgraded from the MS

recipe

DSG BASED SOLAR THERMAL POWER PLANTSDSG BASED SOLAR THERMAL POWER PLANTS► Code Name: HCESHS-12► Market Introduction: 2012► Unique receiver worldwide operating up to 550°C and more than

100 bar100 bar.

Archimede Solar Energy  | Company Presentation

Focus Market

PIPELINE MOLTEN SALT OIL DSG 2016ITALIAN MARKET► More than 400 MW of

applications and authorization in

3% 6%3%

6%

PIPELINE MOLTEN SALT ‐ OIL ‐ DSG 2016

progress;► 600 MW of expected

Power Plant connected to the grid by 2017

► Th hi h t FiT i th

13%13%

3%

► The highest FiT in the World

4%

SAUDI MARKET► Royal Decree 2010 –

K.a.c.a.r.e. ► Expected CSP tenders

: 900 MW 2012 + 1 ,2 GW 2014

► Most attracting vision 52%

INDIA CINA USAfor solar market (24 GW only CSP)

INDIA CINA USAITALIA SPAGNA SAUDIEGITTO SUD AFRICA

Archimede Solar Energy  | Company Presentation

history teaches us that…

Concentrating Solar Power (CSP)Concentrating Solar Power (CSP) Started in Italy 2000 years ago under a….Defense Program …

Archimede Solar Energy  | Company Presentation

Defense Program … 

www.archimedesolarenergy.itgy

Archimede Solar Energy  | Company PresentationPaolo Martini – Business Development and sales Director