Escolar Documentos
Profissional Documentos
Cultura Documentos
ERI Mission
ERIs vision is to become an international vertically integrated renewable energy company. ERI is now implementing its unique business model by initially establishing itself as a vertically integrated solar energy company, from ongoing research & development, production of solar panels through installation, project development and management, including being an Independent Power Producer (IPP). As an IPP, ERI will generate 20 plus years of cash flow from the production of power. ERI currently has over 560 MW of selected projects. ERI has entered into a Joint Venture Agreement with the owners of technologies to develop new solar processes to increase the efficiency and lower the cost of the modules.
Collaborative Experience
ERI management has looked at renewable energy concepts since 1984; Our Chairman has 7 years of clean energy experience. A Director of ERI was elected 4 times in Energy to the Institutional Investor Magazine All - America Research Team. ERI has accumulated through its JVA 30 years of experience in building energy facilities, in Vincent Industrie. An additional 20 years of Research & Development in Solar Photovoltaic Systems, by Apollon Solar. Over the last four years our ERI country partners have been in the field developing power projects. Energiz International, France Energiz SA, GEMAS Italy, Romania and Canada WREG have selected 560 MW of power projects for ERI.
TIP
T Technology
- Maintaining the competitive advantage
- 20 Years of solar photovoltaic R & D
I Integration
- Business Operations & Human Resources
P Power
- Generating a 20-25 year cash flow
Solar Demand
10,000 9,000
8,000
7,000 6,000
WW
5,000
2008
Germany Italy ROW Belgium Spain France India Canada
2009
Japan Greece South Korea Czech Republic
2010E
USA China Australia
Solar As A Solution
The earth receives more energy from the sun in just one hour than the world uses in
.
a whole year.
Solar Energy (photovoltaic) prices have declined on average 4% per annum over the
past 15 years. Progressive increase in conversion efficiencies and manufacturing economies of scale are the underlying drivers.
Solar Energy demand has grown at about 30% per annum over the past 15 years
Leveraging Technology
The JVA allows ERI to benefit from:
Controlling production quality Integration of future cell technology Development of new Solar concepts Increase energy production and profitability
Vincent Industrie has over thirty years experience in energy. Their energy clients include names like GE, Siemens and more.
10
11
Vertically Integrated
ERI will focus on developing factories in key countries which present a combination of government incentives and proximity to logistic facilities and target markets.
ERI also is developing a pipeline of local PV power producers intended to be the key purchasers of panels produced by local factories.
Ongoing R&D through our JVA with Apollon, with large funding through grants.
12
R&D Product
development
ENERGIZ srl 100% (Italy) ENERGIZ srl 100% (Romania) ENERGIZ sa 49% (France)
GEMAS 3E EPC (Italy) WREG- SGE EPC (ROMANIA) Energiz sa EPC (France)
80%
ERI POWER srl POWER 100% (Italy) ERI POWER srl POWER 100% (Romania) ERI POWER 100% (France) ERI POWER 100 %(Israel) ERI POWER 100% (Canada)
ENERGIZ srl 100 %(Israel) ENERGIZ srl 100% (Canada) ENERGIZ srl 49% (Tunisia)
13
14 14
Operational Resources & Sub Contractors Italy Romania Canada / US Israel France
Director Vito G. Truglia Tech Dir Roberto Terranova G. Frangipane 25 installers and technical staff
Director Denis Marceau Tech Dir Mihai Badulescu Marius Vaduva Ovidiu Badulescu
Director C. Archambault Tech Dir Sophie Llorado Lionel Berthomier Yves Christian 15 installers and technical staff
R&D team
Project on PV performance Renewable energy storage.
R&D team
Project on renewable energy integration PhotoBioReactor Electronic automation through software
R&D team
Working PV performance, thermal and hybrid solar product.
R&D team
Project on framing system, electric component and PV performance, wafer & cell process.
GEMAS SOLAR ITALIA SRL 145 people 258 000 engineering & project management hours
MIND srl - Engineering world wide Modena / Chennay (India) 110 engineers 35 Italy -65 India 10 canada 3E srl Torino / Bologna / Cserta 4 engineers 6 project manager Eliosis srl Caserta / Bari 20 engineers 10 technitians 5 project managers 15
ERI Development
ERI is acting to reach a Crystalline Silicon product at a significant reduction of cost per Wp by 2013.
Working on a frame / module system as a piece of roof or power plant with the objective to achieve the overall cost per Wp well below current price.
16
On the module development : Super cool panel, allow efficiency increased by 20% Intelligent panel integrating embedded technology GEMAS COMPRESSOR & ENGINE Solar / thermal hybrid systems Tracking & framing system
Building automation embedded software and control system for energy saving
17
Numbers at a Glance *
ERI has committed $10 million to the JVA and 1.6 million shares, valued at $8 million, to implement the JVA, including the new license agreement.
Total investment for the base model (one factory with 2 lines) is approximately USD32 million and includes ~USD 18.5 million for CAPEX and ~USD13.5 million for OPEX. Base Model revenue is projected to stabilize after the first three years when the factory will reach its full capacity, with more than USD112 million revenues. Each line functions on 4 daily shifts with maximum production capacity of 20 MW/year per line, and 40 MW/year production per factory. Project IRR on a 10 year projection is 32% (on FCFO).
P&L
1
Total Revenues Gross Margin Net Profit ROI 0%
2
63,436
-7%
3
112,126
25%
4
112,126
25%
5
112,126
25%
6
112,433
26%
7
112,126
25%
8
112,126
25%
9
112,126
25%
10
112,433
26%
(372.2) -1%
(14,106.8) -47%
13,745.4 59%
10,216.8 61%
10,099.9 62%
10,715.4 67%
10,762.0 68%
10,852.5 71%
10,687.8 72%
11,046.4 78%
Cash Flow
1
FCFO (13,879.6)
2
(16,171.6)
3
14,642.3
4
11,113.7
5
11,089.6
6
11,466.9
7
11,625.5
8
11,716.0
9
11,663.4
10
11,798.0
18
10
Total Revenues
EBITDA
19
10
(20,000.0)
Total Liabilities
Total Equity
20
* This report contains forward-looking statements. Statements in this report that are not historical facts, including statements about managements beliefs and expectations, constitute forward-looking statements. These statements are based on current plans, estimates and projections, and are subject to change based on a number of factors, in our most recent annual report on Form 10-K, and any updated risk factors we include in our quarterly reports on Form 10-Q and other filings with the SEC. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
21
TIP
T Technology
- Maintaining the competitive advantage
I Integration
- Business Operation & Human Resources
P Power
- Generating a 20-25 year cash flow
22
23
24