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SOLAR ENERGY SEMINAR

PROGRAM

The University of Agder Campus Kristiansand Wednesday June 1st 201109:00-16:00

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PART I: INTRODUCTION

WELCOME • Alf Holmelid, Member of Parliament and Member of the Standing

Committee on Business and Industry • Dr. Erik Stensrud Marstein, Centre Manager, The Norwegian

Research Centre for Solar Cell Technology“Solar cells – status and industrial trends”

PART II: INDUSTRIAL & TECHNOLOGICAL PERSPECTIVE

RAW MATERIALS – SILICON

• Dr. Rannveig Kvande, Project Manager, Product Quality,FESIL Sunergy”Solar Cells Manufactured from Silicon Made by the Solsilc Process”

• Dr. Jan Ove Odden, Researcher, Elkem Solar “A guide to solar cells using Elkem Solar Silicon”

• Dr. Jan Olaf Roszinski, Business Manager, COVENTURE (SilanSil)“SilanSil technology for the production of solar-grade silicon”

11:00-11:30  “Coffee break”

PROGRAM

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OTHER PRODUCTS IN THE PHOTOVOLTAIC VALUE CHAIN

• Haakon Froland, Sales Director Renewable Energy, Eltek Valere“The market for Photovoltaic inverters”

• Dr. Jostein Mosby, Development Manager, Saint-Gobain Ceramic Materials“Development in the use of SiC for the solar industry”

• Professor Tor Oskar Sætre, University of Agder, Department of Engineering Sciences “End-use of Photovoltaic Technology”

12:30-13:30 Lunch

PART III: INVESTMENT CASES

• Yngve Walle, Partner Corporate Finance, Pareto Securities “How to evaluate investment cases in the solar industry”

CASES

• Morten Hansen, CEO, Vetro Solar ”How to be a start-up company in the solar industry”

• Dr. Knut Henriksen, Director, Solarsil Metallkraft “Metallkraft from 1 to 200 in four years”

• Øyvind L. Laderud, City of Kristiansand ”Local business participation at the 5th annual Clean-Energy week in Boston – A project initiative with cities of Bergen, Stavanger, Kristiansand and Innovation Norway”

PART IV: CONCLUDING REMARKS

• Dr. Kjetil Stuland, CEO, Teknova “Sørlandet – A Hub for the Solar Industry“

16:00: Tapas & Drinks

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Kristin Wallevik has a PhD degree from Copenhagen Business School with the thesis “Corporate Governance in Family Firms – the Norwegian Maritime Sector”. She also has an MBA in International Business from the Monterey Institute of International studies in California, USA, and has lived in Zurich, Switzerland for two years. She has had different positions in international corporations for several years, as controller, financial manager and CFO, and now as senior researcher and deputy manager in Agder Research. She is a member of several Boards of Directors, including a technology-institute and a company in the renewable energy segment.

Agder Research runs social science research and development projects regionally, nationally and internationally. We develop and deliver relevant research-based knowledge to politicians, businesses and the community. As a professional partner with a solid academic foundation and close cooperation with the University of Agder, we will contribute to new understanding and change in businesses, organizations and society. We were established in 1985 and have offices in Sørlandet Kunnskapspark in Kristiansand and in Gründersenteret Aust-Agder in Arendal. Our research is financed by commissioned projects, where ten percent of this comes from a grant from the Norwegian Research Foundation. We have 31 academic staff members, Of these, 19 hold PhDs or are working toward their PhD in social economics, social geography, sociology, social anthropology, education, political science, art history, ethnology, or organizational theory.

• Kristin Wallevik, Facilitator

VRI-Agder is financed by the Norwegian research council and regional partners, with Aust-Agder and Vest-Agder counties as the main regional actors. VRI is supposed to stimulate companies to a more systematic use of R&D to increase their degree of innovation and competitiveness. VRI-Agder is supporting the local focus on solar energy to allow companies and research groups in the region to grow and strengthen through cooporation.

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Based on technology, competence and market knowledge several companies in our region have become global actors in various segments of the photovoltaic (PV) market. These segments include raw materials, components, technology, and other related products going into the solar market, where the regional industry has proven to be highly competitive. Some of these companies have international owners and must be “the best in class”. Others are spin-offs from existing industry aiming at new applications, new technology or new markets, hence utilizing existing competence to pursue these areas.

In order to profile the region, the City of Kristiansand made an initiative to promote the region within the area of Energy & Technology, with a special focus on renewable energy. The aim of this is twofold; both to present the companies and competence in the region, and to increase the attractiveness for highly skilled employees by presenting the variety of interesting work fields found here.

This conference focuses on the industry and various parts of the value chain within the solar industry. We have invited several

producers of silicon raw material that use different technological platforms, as well as researchers in the field, suppliers of products related to the PV-industry, and investor representatives. All put together we believe the program will give a broad picture of the interesting characteristics of this specific industry.

We would like to thank the following partners for contributing and thereby making this arrangement possible: Metallkraft, Elkem Solar, Teknova, The University of Agder, the City of Kristiansand and Agderforskning. In addition we would like to thank the qualified speakers who are participating and contributing to the program. Also, we are most grateful for the financial support from the City of Kristiansand and VRI-Agder (a program for regional innovation), which has been crucial in making this initiative possible.

We hope you will enjoy the program and hopefully make new connections and gather new knowledge of this industry.

Regards, The Program Comitte

SØRLANDET IS A REGION FOR ENERGY AND TECHNOLOGY

INTRODUCTION

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PART I: INTRODUCTION

• Alf Holmelid, Member of Parliament and Member of the Standing Committee on Business and Industry

WELCOME

Alf Egil Holmelid is a master of technology in cybernetics from the Norwegian University of Science and Technology. He is currently representing the Socialist Left Party in the Norwegian parliament, where he is the member of the business and industry committee. Holmelid was the Director of Research at the University of Agder (UiA) from 2002 to 2009 and was leading the Department of Technology at this university from 1997 to 2002, while being employed as an associate professor. He has also been working at SINTEF and as Research Director at Elkem Research in Kristiansand.

Holmelid was a member of the national board of the Socialist Left Party for six years in the 1980s, and in the period 2003-07. He has also been the leader of the party’s local branch in Kristiansand. He has been a member of the City Council in Kristiansand for 16 years (1987-2003). His career also includes a number of various positions of trust in various organizations and networks.

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• Dr. Erik Stensrud MarsteinCentre ManagerThe Norwegian Research Centre for Solar Cell Technology

SOLAR CELLS – STATUS AND INDUSTRIAL TRENDS

The Norwegian Research Centre for Solar Cell Technology is a Centre for Environment-friendly Energy Research that joins the major Norwegian research groups and companies in the field of solar cell technology. The Centre aims at further developing the strong, Norwegian photovoltaic industry and substantially contributing towards making solar energy a significant renewable energy source. The Centre partners are the Institute for Energy Technology (IFE), NTNU, SINTEF, the University of Oslo, Elkem Solar, Fesil Sunergy, Innotech Solar, Norsun, Prediktor and REC. The research in the Centre focuses on core topics in modern solar cell research, namely mono- and multicrystalline silicon, modeling of silicon production processes, solar cell and module technology, new materials for next generation solar cells and characterization of solar cell materials and solar cells.

Dr. Erik Stensrud Marstein is the Centre Manager of the Norwegian Research Centre for Solar Cell Technology. He gained his PhD in physics from the University of Oslo in 2003 and has been working at the Institute for Energy Technology (IFE) since then. His research interest is solar cell technology.

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• Dr. Rannveig KvandeProject Manager, Product QualityFESIL Sunergy

SOLAR CELLS MANUFACTURED FROM SILICON MADE BY THE SOLSILC PROCESS

PART II: INDUSTRIAL & TECHNOLOGICAL PERSPECTIVE

RAW MATERIALS – SILICON

FESIL Sunergy AS was established in 2006 with the purpose to develop the Solsilc process which is a new way to produce silicon for solar cells based on using high purity raw materials. FESIL Sunergy is owned by the Norwegian company FESIL ASA (51%) and the Dutch company Sunergy Investco (49%). The company is located in Trondheim where solar grade silicon is produced in a pilot line. Several tons of Solsilc silicon have so far been tested by some of the world largest cell producers, demonstrating cell performances comparable to those obtained when using silicon produced by the traditional Siemens method.

Rannveig Kvande finished her Master degree in Materials Science and Engineering at the Norwegian University of Science and Technology in 2004. She then started as a PhD at the same university where she studied the influence of crucible and coating purity for the crystallization of multicrystalline silicon in addition to the incorporation and impact of iron impurities. In 2008 she started to work for FESIL Sunergy, following up the quality of the produced silicon and the testing of Solsilc silicon in the solar industry.

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• Dr. Jan Ove OddenResearcherElkem Solar

A GUIDE TO SOLAR CELLS USING ELKEM SOLAR SILICON

Elkem is one of the world’s leading companies for environment-friendly production of materials. Its main products are silicon, solar grade silicon, special alloys for the foundry industry, carbon and microsilica. Elkem is making a big commitment to the solar power industry. Operating revenues in 2010 are NOK 9,3 billion. Elkem has approx 2,400 employees and is wholly-owned by China International Bluestar.

Elkem Solar has developed an energy efficient and environmentally friendly process for producing Solar Grade Silicon (SOG-Si) – that is silicon feedstock with the proper quality to be used in the production of solar cells. The capacity of the plant located in Kristiansand is 6000 MT in 2011.

Dr. scient. Jan Ove Odden works as a researcher at Elkem Solar Research, department for product development, in Kristiansand.

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• Dr. Jan Olaf RoszinskiBusiness ManagerCOVENTURE (SilanSil)

SILANSIL TECHNOLOGY FOR THE PRODUCTION OF SOLAR-GRADE SILICON

Coventure AS establishes and develops new companies with large business potentials together with owners of new ideas. Currently Coventure is an active shareholder in 21 companies. Silansil was established together with Per Kristian Egeberg, who had an idea to develop new technology in the photovoltaic sector.

SilanSil AS is a company that develops new technology for cost effective production of silicon for the photovoltaic industry. Having developed unique equipment for densification of silicon powder from Free Space Reactors the company continues to explore the possibilities of this technology in the photovoltaic industry. The technology and method for densification of silicon is patented. The company was founded in 2003 and has invested about MNOK 6,0 in development, testing and patenting.

Dr. Jan Olaf Roszinski was born in Germany and received his PhD in Chemistry at the Technical University of Karlsruhe. He moved to Norway in 1994 and was R&D Director both at Elkem Materials in Kristiansand and Saint-Gobain Ceramic Materials in Lillesand. He has long experience with product development, including silicon carbide products for the slicing of silicon ingots into wafers for the photovoltaic industry. He joined Coventure/SilanSil in Grimstad in April this year.

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• Haakon FrolandSales Director Renewable EnergyEltek Valere

THE MARKET FOR PHOTOVOLTAIC INVERTERS

Eltek Valere develops and markets high efficiency (HE) electricity supplies for telecom, industrial applications, chargers for electric cars and for renewable energy. Eltek Valere’s head quarter is situated in Drammen, but the company has around 2000 employees in 30 countries all over the world and has business activities in more than 100 countries. In 2009 the company had a turnover reaching 3.1 billion NOK. Our division for renewable energy is focusing on solar energy and utilizes the competence and experience within telecom and industry built up by Eltek Valere over 40 years to develop highly efficient inverters for the photovoltaic market.

It is the combination of competency, established worldwide logistical chains and global networks that gives Eltek Valere particularly good possibilities to capture shares in the fast growing market for solar energy. High efficiency is the key to maximize the return from a photovoltaic installation, and in this respect Eltek Valere’s inverters are unique. The company’s division for developments within renewable energy is mainly located in Kristiansand.

OTHER PRODUCTS IN THE PHOTOVOLTAIC VALUE CHAIN

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• Dr. Jostein MosbyDevelopment Manager Saint-Gobain Ceramic Materials

DEVELOPMENT IN THE USE OF SIC FOR THE SOLAR INDUSTRY

Saint-Gobain Ceramic materials AS is one of the larger process oriented companies located in the Southern part of Norway with plants in Lillesand and Arendal. The plants belong to the multinational French company Saint-Gobain. With more than 190,000 employees it is one of the largest suppliers for habitat such as construction products for housing and buildings.

The plants in Lillesand and Arendal produce Silicon Carbide crude and process this through crushing, classification and purification steps for photovoltaic (solar), automotive and industrial markets. A vast majority of the Silicon carbide products from the plants today goes into solutions that aim to protect the environment such as for production of solar wafers and for diesel particulate emission filters for the automotive industry.

Silicon Carbide is being used as the cutting media to ensure precision slicing of silicon wafers from silicon ingots for photovoltaic applications. Saint-Gobain Ceramic Materials serves European, American and Asian photovoltaic markets. The plants employ about 300 people.

Jostein Mosby Holds a Dr.Ing. degree from NTNU, Trondheim/ Telemark College in powder technology from 1996. The thesis title is: “Investigations of the segregation of particulate solids with emphasis on the use of segregation testers”. Jostein Mosby has worked 15 years in Saint-Gobain Ceramic Materials AS as process engineer, production manager and development manager, and is currently head of the silicon carbide development team in Norway and the Silicon Carbide process R&D team worldwide. His special competence areas are processing of silicon carbide and particle/powder technology.

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• Professor Tor Oskar SætreUniversity of Agder, Department of Engineering Sciences

END-USE OF PHOTOVOLTAIC TECHNOLOGY

The University of Agder (UiA) has 9000 students and 900 employees. The department of engineering is located in Grimstad and offers studies within aerospace, civil engineering, renewable energy, mechatronics and solar energy.

The activity on solar energy started in the late 1990s. The first attendance to the EU PVSEC conference happened in 1998 and the first funding of solar energy research was granted by the Research Council of Norway in 1999. The first paper on solar energy was published in 2000. Currently the solar energy group consists of 3 professors, 1 associate professor, 1 postdoctoral research fellow and 4 PhD students.

Tor Oskar Sætre is a professor of Materials Science at University of Agder. Currently, his main research area is solar cells and he is, together with his colleagues, working on the silicon based solar cells produced by Elkem Solar. He has been employed at UiA in Grimstad since 1994, and has worked with research in several areas of materials science, including hydrogen and fuel cells. He graduated from the Norwegian University of Science and Technology in Trondheim in 1982 and received a PhD from the same institution in 1989. Before moving to Grimstad, he worked with research in the aluminium industry and was employed by Norsk Hydro.

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• Yngve WallePartner Corporate FinancePareto Securities

HOW TO EVALUATE INVESTMENT CASES IN THE SOLAR INDUSTRY

PART III: INVESTMENT CASES

Pareto Securities is an investment bank in the Pareto group. The business is a leading player in the field of stock and bond broking and financial counselling. The firm concentrates on areas of business and industries in which Norway enjoys particular advantages. The head office is in Oslo, and Pareto also has offices in Stavanger, Bergen, Kristiansand, Trondheim, New York and Singapore.

The corporate finance activities of Pareto Securities are based upon on long-term client relations, in-depth industry knowledge and strong professional skills. As an independent financial advisor, Pareto Securities corporate finance is able to offer the customers a complete range of financial services within debt and equity raising and mergers and acquisitions.

Yngve Walle has been with Pareto Securities since 2000. Prior to joining Pareto Securities, he spent three years with Arthur Andersen Business Consulting. He has extensive experience from various parts of the energy industry, including the utility sector and companies operating within renewable energy. Educational background includes a Siviløkonom (Master of Business and Economics) degree from the Norwegian School of Management (BI) and a Certified Financial Analyst degree from the Norwegian School of Economics and Business Administration (NHH). Recent experience includes projects for Boliden (long-term power contract with Statkraft), the Ministry of Trade and Industry (regarding Mesta and Aker Solutions), Fjellkraft (small scale hydropower), several projects for players in the Norwegian utility segment and renewable energy projects within areas like wind, biofuel and solar.

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• Morten HansenCEOVetro Solar

HOW TO BE A START-UP COMPANY IN THE SOLAR INDUSTRY

CASE

The world’s need for energy is increasing rapidly and solar energy’s share of the total energy generation is expected to grow significantly over the next years.In order to meet this challenge, the need for cost-effective solar modules is crucial. High quality glass is a key factor in a solar module as this improves the light transmission capacity and thereby increases the efficiency of the solar cells.

Vetro Solar meets the needs of the solar industry providing cost-effective, superior quality glass customized for the demands of this sector.

Morten Hansen, CEO Vetro Solar AS, has broad experience from executive positions in the industry, in particular within silicone.

Morten Hansen holds an MBA in International Management. He has held several positions in the industry over the last 20 year. He was 9 years with The Dow Chemical Company as Senior Sales representative, Quality Performance Manager and Market Manager with product responsibilities in the Nordic, European and African market. He held the position as Business Director at Elkem ASA Material responsible for the European/Middle East concrete market as well as the European and Asian Fibre cement market. He has been Senior Advisor and Partner at PriceWaterhouseCoopers, and through his consultancy firm he has held major management positions with Agder Energy, Elkem Solar and Vetro Solar. Today, he is the CEO of Vetro Solar AS, as well as Managing Director of Vetro Solar GmbH in Germany. Morten has been a board member at several companies, and he was the chairman of the board at Sense Technology in the company’s startup phase.

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• Dr. Knut HenriksenDirectorSolarsil Metallkraft

METALLKRAFT FROM 1 TO 200 IN FOUR YEARS

CASE

The wafer cutting process, a crucial step in the production of solar panels, requires large amounts of cutting slurry. The slurry consists of abrasive silicon carbide particles and gly-col, and is quickly polluted during the cutting process by silicon dust, metal particles from the saw wire and water.

The slurry in the saw machine needs to be replaced with fresh slurry, and the exhausted slurry must be disposed of in an environmen-tally friendly way. This has been a headache for an industry that has environmental con-cerns as its main guidelines.

Metallkraft introduces a patented technology that ensures that the spent slurry is effectively recycled and that all pollutants are turned into commercially interesting products. This tech-nology results in full recycling without adding any chemicals. The recycled slurry retains its cutting abilities, at a fraction of the cost of fresh slurry.

Metallkraft AS is headquartered in Kristiansand, Norway and has three factories situated in Kristiansand, Yangzhou (China) and Singapore. Its 200+ staff is highly skilled and dedicated to serving the solar industry and the environment.

Knut Henriksen is educated as a diploma engineer from the University of Karlsruhe, Germany. He also holds a Dr. Ing. degree in electrodynamics from the same university. Henriksen has many years of experience from Elkem where he in his last position served as the company’s Research Director. He has also been working as a program manager of the Research Council of Norway and has been a member of the board of Agder University and Agder Energi. In 1999 he founded Metallkraft and was the company’s CEO until 2006. From 2007 he has been Project Director at Metallkraft and has been working on a method to extract and recycle silicon dust from used slurry.

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• Øyvind L. LaderudCity of Kristiansand

LOCAL BUSINESS PARTICIPATION AT THE 5TH ANNUAL CLEAN-ENERGY WEEK IN BOSTON – A project initiative with cities of Bergen, Stavanger, Kristiansand and Innovation Norway

CASE

Kristiansand has been a green city for decades. The municipality is at forefront when it comes to action on climate change. But the private sector is also stepping up to the immense challenges of creating sustainable development. The “Eco-Lighthouse” concept was born in 1996, when Kristiansand was chosen to participate in the program. The goal is to help companies in Norway step up to environmental challenges. Companies are certified when they fulfil the environmental requirements set out by the Eco-lighthouse Programme.

In the emerging marked of solar energy, several small and large businesses have researched and developed global competitive materials and technology in the recent years. These forward looking enterprises are all based in the Kristiansand region and include international companies like Elkem Solar, Metallkraft, Vetro Solar, Saint-Gobain and others.

Mr. Øyvind Lyngen Laderud is currently working for the City of Kristiansand, both as a business- and international adviser. His main area is to facilitate business development, both locally and regionally, coordinate international activity and contacts. He also prepares the council’s strategic role in the latter sector. Previous to this position, he worked for many years in Agder Research.

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PART IV: CONCLUDING REMARKS

• Dr. Kjetil StulandCEOTeknova

SØRLANDET – A HUB FOR THE SOLAR INDUSTRY

Teknova is the first and only technical-industrial research institute in Agder. It was started by the University of Agder (UiA) and Agder Research in 2007 - the same year that UiA was granted its university status. Today Teknova is owned by JB Ugland Holding, Aker Solutions, Elkem, Sparebanken Pluss, Skeie Group and Agder Energi Innovasjon, in addition to the founders Agder Research and UiA. Teknova aims to be an independent research institute that creates values for its users, its owners and the society in general. It should be noted that Teknova does not pay dividend to its owners. Any profit will always be invested in new research.

As of May 2011 Teknova has 17 full time employees of which 15 are researchers. The core expertise of the researchers is within Teknovas prioritized fields of research: measurement technology, process technology, renewable energy and industrial mathematics. These four core areas are chosen to give Teknova a competency that matches the activities of the local industry. It is, however, also a goal for Teknova to be a flexible organization that is easily adapted to new demands on knowledge and expertise, to fulfill the requirements from contractors and the general society.

Kjetil Stuland is a Master of Science in applied mathematics, technical cybernetics and chemical engineering from the Norwegian University of Science and Technology. He also holds a doctoral degree within aero and gas dynamics from the same university. Stuland has been working for several international oil companies and has international industry and leader experience within the steel industry, oil companies, software development, research and business. He was also involved in establishing the International Research Institute of Stavanger (IRIS) in 2006 and has been chairman of the board of Norsk Utenrikspolitisk Institutt (NUPI). Stuland had the leading role when Teknova was established in 2007 and has been the administrative leader of the institute since then.

The University of Agder, Campus KristiansandGimlemoen 25a

4630 KRISTIANSAND SPhone: + 47 38 14 10 00

We would like to thank VRI-Agder for financial support

Solar Energy Seminar is arranged by: