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1 SMA ShadeFix Presented by SMA Solar Technology AG, 2020

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Page 1: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix

Presented by SMA Solar Technology AG, 2020

Page 2: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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Disclaimer

IMPORTANT LEGAL NOTICEThis presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any securities of SMA Solar

Technology AG (the "Company") or any present or future subsidiary of the Company (together with the Company, the "SMA Group") nor should it or any part of it form the basis of, or be relied

upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever.

All information contained herein has been carefully prepared. Nevertheless, we do not guarantee its accuracy or completeness and nothing herein shall be construed to be a representation of

such guarantee. The Company shall assume no liability for errors contained in this document, unless damages are caused intentionally or through gross negligence by the Company. Furthermore,

the Company shall assume no liability for effects of activities that evolve from the basis of data and information provided by this presentation.

The information contained in this presentation is subject to amendment, revision and updating, which does not underlie any prior announcement by the Company. Certain statements contained in

this presentation may be statements of future expectations and other forward-looking statements that are based on the management's current views and assumptions and involve known and

unknown risks and uncertainties. Actual results, performance or events may differ materially from those in such statements as a result of, among others, factors, changing business or other market

conditions and the prospects for growth anticipated by the management of the Company. These and other factors could adversely affect the outcome and financial effects of the plans and

events described herein. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

You should not place undue reliance on forward-looking statements which speak only as of the date of this presentation.

This presentation is for information purposes only and may not be further distributed or passed on to any party which is not the addressee of this presentation solely after prior consent of the

Company. No part of this presentation must be copied, reproduced or cited by the addressees hereof other than for the purpose for which it has been provided to the addressee. The content of

this presentation, meaning all texts, pictures and sounds, are protected by copyright. The contained information of the presentation is property of the Company.

This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or

an exemption from registration under the U.S. Securities Act of 1933 as amended.

Page 3: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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The next level ofPV performance optimization

Page 4: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix

Page 5: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix is a patented, integrated software solution that optimizes energy yield in PV plants.

Page 6: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix is a patented, integrated software solution that optimizes energy yield in PV plants.

SMA ShadeFix outperforms “optimizer” solutions for shade management in PV systems.

Page 7: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix - No compromises

No compromises on:

Page 8: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix - No compromises

No compromises on:

• Performance & Yield

SMA ShadeFix offers highest performance and yield for PV plants –

under most shaded conditions.*1

Page 9: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix - No compromises

No compromises on:

• Performance & Yield

SMA ShadeFix offers highest performance and yield for PV plants –

under most shaded conditions.*1

• Safety & Risk:

Slim plant design with no extra components on the roof reduces the

risk of fires or serious injuries.*2

Page 10: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix - No compromises

No compromises on:

• Performance & Yield

SMA ShadeFix offers highest performance and yield for PV plants –

under most shaded conditions.*1

• Safety & Risk:

Slim plant design with no extra components on the roof reduces the

risk of fires or serious injuries.*2

• Quality & Lifetime

Only ONE central piece of technology in the system. Proven SMA

quality and automatic inverter monitoring SMA Smart Connected

ensures minimum downtime, investment & service costs

1. Assoc. Prof. Dr. W.-Toke Franke, University of Southern Denmark: „The Impact of Optimizers for PV Modules – A comparative study“2. Evaluation of fire risk in photovoltaic systems and development of safety concepts for risk minimization, TÜV Rheinland, Fraunhofer ISE, 2015 (p. 204)

Page 11: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix – How does it work?

SMA ShadeFix scans the power curve of the PVsystem at regular intervals within milliseconds forthe global maximum power point (global MPP).

Power Curves of a typical PV array

Page 12: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix – How does it work?

SMA ShadeFix scans the power curve of the PVsystem at regular intervals within milliseconds forthe global maximum power point (global MPP).

In case of shading, several local maximum powerpoints (local MPP) occur in the course of thispower curve, which – without SMA ShadeFix –would lead to a reduction in yield.

.

Power Curves of a typical PV array

Page 13: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix – How does it work?

SMA ShadeFix scans the power curve of the PVsystem at regular intervals within milliseconds forthe global maximum power point (global MPP).

In case of shading, several local maximum powerpoints (local MPP) occur in the course of thispower curve, which – without SMA ShadeFix –would lead to a reduction in yield.

SMA ShadeFix ensures that the inverter alwaysfinds the global maximum power point (globalMPP) and thus always generates the highestpossible yield from the solar supply.

Power Curves of a typical PV array

Page 14: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

SMA ShadeFix – How does it work?

Unshaded PV array:

• All modules full power

• Bypass diodes not active

Page 15: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

SMA ShadeFix – How does it work?

Unshaded PV array:

• All modules full power

• Bypass diodes not active

Partially shaded PV array:

(Standard MPP Tracking)

• All modules limited to power of the

shaded module

• Bypass diodes not active

Page 16: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

SMA ShadeFix – How does it work?

Unshaded PV array:

• All modules full power

• Bypass diodes not active

Partially shaded PV array:

(Standard MPP Tracking)

• All modules limited to power of the

shaded module

• Bypass diodes not active

Partially shaded PV array:

(SMA ShadeFix)

• All modules except the shaded full power

• By choosing the best working voltage, SMA

ShadeFix forces bypass diode to bypass

shaded module

→ Higher energy yield

Page 17: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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Proof

Page 18: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix outperforms optimizers in the majority of PV systems –without compromises on safety and lifetime.

Page 19: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix outperforms optimizers in the majority of PV systems –without compromises on safety and lifetime.

Page 20: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix outperforms optimizers in the majority of PV systems –without compromises on safety and lifetime.

Page 21: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

21

SMA ShadeFix outperforms optimizers in the majority of PV systems –without compromises on safety and lifetime.

Page 22: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix outperforms optimizers in the majority of PV systems –without compromises on safety and lifetime.

Page 23: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix outperforms optimizers in the majority of PV systems –without compromises on safety and lifetime.

Page 24: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix outperforms optimizers in the majority of PV systems –without compromises on safety and lifetime.

1. https://www.sdu.dk/en/om_sdu/institutter_centre/centre+for+industrial+elektronics/research+publication

Assoc. Prof. Dr. W.-Toke Franke: The Impact of Optimizers for

PV Modules, a comparative study1

“The common marketing claims of additional energy production by applying optimizers could not be confirmed by this experiment. In fact, there are only very few scenarios where the use of optimizers improves the system performance.”

Page 25: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix outperforms optimizers in the majority of PV systems –without compromises on safety and lifetime.

1. https://www.sdu.dk/en/om_sdu/institutter_centre/centre+for+industrial+elektronics/research+publication

Assoc. Prof. Dr. W.-Toke Franke: The Impact of Optimizers for

PV Modules, a comparative study1

“The common marketing claims of additional energy production by applying optimizers could not be confirmed by this experiment. In fact, there are only very few scenarios where the use of optimizers improves the system performance.”

“In addition, the risk of a failing component in one of the many MLPEs should not be underestimated. Finally, the additional connectors for the optimizers come with riskof bad connections that could lead to a failing system or even worse be the root cause for a fire.”

Page 26: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix outperforms optimizers in the majority of PV systems –without compromises on safety and lifetime.

For heavily or permanently shaded PV systems, SMA recommends the

selective deployment of TS4-A-O optimizers on the affected modules 1. https://www.sdu.dk/en/om_sdu/institutter_centre/centre+for+industrial+elektronics/research+publication

Assoc. Prof. Dr. W.-Toke Franke: The Impact of Optimizers for

PV Modules, a comparative study1

“The common marketing claims of additional energy production by applying optimizers could not be confirmed by this experiment. In fact, there are only very few scenarios where the use of optimizers improves the system performance.”

“In addition, the risk of a failing component in one of the many MLPEs should not be underestimated. Finally, the additional connectors for the optimizers come with riskof bad connections that could lead to a failing system or even worse be the root cause for a fire.”

Page 27: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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The majority of PV plants are built in unshaded or minimally shaded areas, where SMA ShadeFix generates higher yield!

majority of PV plants

light

Page 28: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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Poll Question

A typical PV system with a 50kWac SMA inverter (SMA Sunny Tripower CORE1) and SMA ShadeFix has approximately 2,000 electronic components.

Example Plant50 kW, 200 PV modules

SMA solution

Page 29: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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Poll Question

A typical PV system with a 50kWac SMA inverter (SMA Sunny Tripower CORE1) and SMA ShadeFix has approximately 2,000 electronic components.

How many electronic components has a 50kWac PV system with optimizers, approximately?

A: 4,000 electronic componentsB: 10,000 electronic componentsC: 60,000 electronic components

Example Plant50 kW, 200 PV modules

SMA solution Module optimizer solution

?

Page 30: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix outperforms optimizers –No compromises on lifetime.

SMA avoids (whenever possible) the use of unnecessary electronic components that are installed on the roof. All necessary yield-securing and yield-increasing technologies are therefore integrated directly into the inverters on a software basis.

Reducing the number of components used keeps potential sources of error to a minimum, therefore ensuring the maximum lifetime of the PV system. Should the inverter nevertheless fail, our intelligent service ensures quick replacement.

This strategy has been proven by over more than 30 years of experience, in almost 80 GW installed capacity.

Example Plant50 kW, 200 PV modules

SMA solution Module optimizer solution

Page 31: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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SMA ShadeFix outperforms optimizers –No compromises on safety.

2. Evaluation of fire risk in photovoltaic systems and development of safety concepts for risk minimization, TÜV Rheinland,

Fraunhofer ISE, 2015 (p. 204)

3. IEC TR 63225, Incompatibility of connectors for DC-application in photovoltaic systems, Technical Report, 2019

TÜV Rheinland, Fraunhofer ISE, 2015 Evaluation of fire risk in photovoltaic systems and development of safety concepts for risk minimization

“Often safety components like fuses and switches are integrated in the DC part of PV systems. In the individual case it must then always be checked whether this measure is really necessary. Each additional component poses the risk of additional contact points and other sources of faults.A “sleek” system with as few components as possible has the advantage of having fewer points where damage could occur to the system.”2

IEC TR 63225, Technical Report, 2019 Incompatibility of connectors for DC-application in photovoltaic systems

“Several countries report that problems with DC connectors are a major cause for failure such as fire hazards in PV systems”3

Page 32: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

SMA ShadeFix optimises PV performance without compromising safety or

the lifetime of a PV system. It reduces cost and complexity of a PV system

as it is integrated into almost all SMA inverters.

✓ Increased Performance & Yield

✓ Increased Safety with reduced Risk

✓ Improved Quality & Extended Lifetime

Page 33: SMA ShadeFix...This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any

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Thank you!

SMA Solar Technology AG

Sonnenallee 1

34266 Niestetal, Germany

Tel. +49 561 9522 0

Fax +49 561 9522 100

www.SMA.de

[email protected]