Gronet-Rocket Renewables plan to make tape.pdf - High ...
Gronet-Rocket Renewables plan to make tape.pdf - High ...
Gronet-Rocket Renewables plan to make tape.pdf - High ...
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© <strong>Rocket</strong> <strong>Renewables</strong>, Inc. Proprietary and All Rights Reserved<br />
LOW‐COST, HIGH‐PERFORMANCE HTS WIRE<br />
ROCKET RENEWABLES, INC.<br />
IEA EXCO MEETING<br />
HEIDELBERG, GERMANY<br />
H<br />
G<br />
May 10, 2012<br />
Chris <strong>Gronet</strong> | Brian Moeckly
<strong>Rocket</strong> <strong>Renewables</strong><br />
• Produce the world’s lowest cost, highest<br />
performance HTS wire<br />
• Combine proprietary HTS coated conduc<strong>to</strong>r<br />
process with reliable, highly productive<br />
equipment and world-class fac<strong>to</strong>ry management.<br />
© <strong>Rocket</strong> <strong>Renewables</strong>, Inc. Proprietary and All Rights Reserved
Company Timeline<br />
Oc<strong>to</strong>ber 2011:<br />
• Incorporated<br />
• Headquarters in<br />
Silicon Valley<br />
End of 2012:<br />
• Build equipment<br />
for pilot line,<br />
install R&D and<br />
metrology<br />
systems<br />
2017: Ramp<br />
Complete<br />
• 10,000000<br />
km/year<br />
output<br />
April 2012:<br />
• Seed<br />
Funding<br />
• 20<br />
employees<br />
2013: Begin<br />
Production Ramp<br />
• Ramp pilot line<br />
and ship samples<br />
<strong>to</strong> start<br />
qualification<br />
© <strong>Rocket</strong> <strong>Renewables</strong>, Inc. Proprietary and All Rights Reserved
Business Model<br />
Ramp pilot line<br />
• Produce enough supply of<br />
wire, enabling cus<strong>to</strong>mers <strong>to</strong><br />
qualify products<br />
• Initial target applications:<br />
FCLs, cables, and<br />
transformers<br />
• Pilot line will be au<strong>to</strong>mated<br />
and have the necessary<br />
fac<strong>to</strong>ry control systems <strong>to</strong><br />
allow rapid replication<br />
License technology<br />
• Enable partners with rapid<br />
expansion of high volume<br />
manufacturing<br />
• Provide equipment and<br />
training <strong>to</strong> help ramp<br />
partners’ wire production<br />
lines<br />
© <strong>Rocket</strong> <strong>Renewables</strong>, Inc. Proprietary and All Rights Reserved
Founding Team<br />
Chris <strong>Gronet</strong>, President and CEO<br />
• Ph.D. Semiconduc<strong>to</strong>r Processing, Stanford, 1988<br />
• Founder, CEO G-Squared: RTP equipment, acquired by Applied Materials, ramped <strong>to</strong> $1B<br />
• Founder, CEO Solyndra: ramped solar technology from an idea <strong>to</strong> high volume mfg in 4 years<br />
Brian Moeckly, CTO<br />
• Ph.D. Physics, Cornell, 1994<br />
• 17 years experience (Conductus, STI): superconduc<strong>to</strong>r film growth, properties, and applications<br />
Bob Haggerty, CFO and VP of Business Operations<br />
• 20 years in finance and ops including Applied Materials, Sun Microsystems, and Intel<br />
• Managed finance and operations in 26 countries, established new operations in China<br />
Dan Marohl, VP of Engineering<br />
i<br />
• 23 years experience designing thin film systems; over 25 patents<br />
• Solyndra: designed the world’s first reliable, high volume, thermal evaporation system<br />
© <strong>Rocket</strong> <strong>Renewables</strong>, Inc. Proprietary and All Rights Reserved
Target Applications<br />
Transmission<br />
Cables<br />
Fault Current<br />
Limiters<br />
Transformers<br />
Energy<br />
S<strong>to</strong>rage<br />
Wind/ Power<br />
Turbines<br />
Market Size Market Size Market Size Market Size Market Size<br />
$450B $40B $9B<br />
$150B $75B<br />
Total Market Opportunity: $724B<br />
Key assumptions: 30,000 substations worldwide, $50/kA·m price of wire<br />
© <strong>Rocket</strong> <strong>Renewables</strong>, Inc. Proprietary and All Rights Reserved
<strong>Rocket</strong> Wire<br />
<strong>Rocket</strong><br />
<strong>Renewables</strong><br />
Mission<br />
• Produce the world’s lowest cost, highest<br />
performance HTS wire<br />
<strong>Rocket</strong> Wire Features:<br />
• 2 km lengths<br />
• 500 A/cm-width<br />
• <strong>High</strong> I c in magnetic field<br />
Benefits:<br />
• Enables applications for<br />
energy generation,<br />
transmission, s<strong>to</strong>rage, and<br />
grid stability improvement<br />
© <strong>Rocket</strong> <strong>Renewables</strong>, Inc. Proprietary and All Rights Reserved
<strong>Rocket</strong> Wire<br />
RE-BCO Process<br />
• Patent-pending evaporation equipment<br />
• <strong>High</strong> quality, highly uniform film<br />
•Capability for thicker layers<br />
• Good performance in magnetic fields<br />
Equipment<br />
• <strong>High</strong> productivity – wide substrate, rapid<br />
line speed<br />
• <strong>High</strong> reliability and uptime<br />
• Uniform and repeatable for high I c and<br />
long lengths<br />
KEYS TO LOW COST AND<br />
HIGH PERFORMANCE<br />
• In-line metrology<br />
• In situ moni<strong>to</strong>ring<br />
Process Control<br />
Fac<strong>to</strong>ry<br />
•24/7/365 / operation<br />
• FIS – fac<strong>to</strong>ry information system for yield<br />
ramp and management<br />
• MES – manufacturing execution system <strong>to</strong><br />
optimize material flow and costs<br />
© <strong>Rocket</strong> <strong>Renewables</strong>, Inc. Proprietary and All Rights Reserved
Process Flow<br />
Clean<br />
Smoothing<br />
Epitaxial<br />
Template<br />
Superconduc<strong>to</strong>r<br />
Deposition<br />
Silver Coating<br />
Slitting<br />
Encapsulation<br />
© <strong>Rocket</strong> <strong>Renewables</strong>, Inc. Proprietary and All Rights Reserved
Pilot Line Output<br />
700<br />
3.000<br />
600<br />
500<br />
MA·m<br />
km of Wire<br />
2.500<br />
2.000<br />
MA A·m<br />
400<br />
300<br />
200<br />
1.500<br />
1.000<br />
Kilom meters<br />
100<br />
500<br />
-<br />
Q3'14 Q4'14 Q1'15 15 Q2'15 Q3'15 Q4'15 Q1'16 16 Q2'16 Q3'16 Q4'16 Q1'17 17 Q2'17 Q3'17 Q4'17<br />
-<br />
© <strong>Rocket</strong> <strong>Renewables</strong>, Inc. Proprietary and All Rights Reserved
Current Status<br />
Pilot line model and financial model complete<br />
• COGS details<br />
• Stress and scenario testing<br />
Seeking partners<br />
• manufacturers of utility components<br />
Detailing design of pilot line equipment<br />
Fabricating test modules for key equipment<br />
Fundraising<br />
© <strong>Rocket</strong> <strong>Renewables</strong>, Inc. Proprietary and All Rights Reserved
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