EMAILS BETWEEN ANDREW LEFT AND OTHERS REGARDING THE SUNCUBE

POSTED ON THE SUNBALL FORUM 19-MAY-08 10:34am
 
Seems Andrew Left asks everybody but me about the SunCube, GGE and the SCIG. Lets see how he now responds to the email below that I just sent him.

All the best,
Green and Gold Energy Pty., Ltd
Greg Watson, CEO
7 Provident Avenue, Glynde, 5070
South Australia, Australia, +61 8 8365 5844
http://www.greenand goldenergy. com.au
 
----- Original Message -----
Sent: Monday, May 19, 2008 8:11 AM
Subject: Re: green and gold energy

Hi Andrew,
 
If you are really interested in the truth how about talking to me instead of listening to Rover (Keith Leech)? There is a war out there, the planet is starting to show signs of irreversible climate change and neither PV nor CSP can deliver solar kWhs at fossil fuel prices. Only CPV can do that. Your efforts are not helping ANY of the new and emerging CPV players who are intent on producing CPV systems which can deliver grid kWhs at fossil prices.
 
Had you asked me to explain to GGE business model, how the SCIG works and what those 200 MWs of receiver orders we placed on Emcore meant, you could have gone long and made a LOT more money than going short. As some guidance, we believe that for every GW of receivers that Emcore ships, they will nett around US$120m. To achieve a worldwide 20% renewable target by 2020 will take around 100GW per year of the renewable generation for ever. To go to 50% CO2 reduction you need to triple that. At say 10% of the market for Emcore receivers, that is a LOT of Emcore receivers.
 
Sharp has just committed to increasing their flat panel production from 700 MWs per year to 6,000 MWs. You think they think there is no multi GW market available? BTW it costs Sharp US$1 billion of capital per 1 GW plant. To build a combined Emcore and GGE SunCube 1 GW plant is around US$120 million. As the resultant CPV product cost per annual kWh produced is 25% of the flat panel and the plant capital cost is 1/8, which do you think the worlds economists and banks will back?
 
Emcore is at the core of a new generation of PV technology that is as radically different from existing PV as a vinyl record is from a Blue Ray disc. Both Emcore and GGE have done the hard yards to create a world best CPV module that is backed by the CPV industries first warranty. We did that, and delayed our production as both of us knew we needed to do this step to ensure customer faith in this technology. I mean aluminium, glass, mirrors, plastic, motors, gears, electronics are all well known and the MTBF and MTTR figures are fairly easy to calculate. What is new is the receiver and the cell. So working with Emcore we have delivered to the whole CPV industry a massive leg up in technology credibility with the Emcore warranty.
 
Your efforts to totally discredit Emcore, GGE and the SCIG are not helping nervous customers to hand over their PPA's to ANY CPV system integrator (solar farm builder) so they can start generating the fossil fuel parity solar kWhs that this small blue planet so desperately needs.
 
BTW you have been used as a pawn in Rover's (Keith Leech's) psycho stalk Greg Watson game. He has fed you a LOT of pure BS. His credibility is being destroyed every time he opens his mouth. He is a serial liar with no morals nor ethics. I trust you are different.
 
As I said, there is a war going on out there. CPV will displace the PV industry on the surface of the planet just like it has done in space. It took Emcore and Spectrolab 8 years to replace silicon out there. Now it is time to do the same on the surface of the planet. They have the mature cell technology needed and just  need a LOT of new start ups with no vested interests in preserving 10's of billions in flat panel plant. I mean you too would fight CPV if you were facing massive stranding of invested PV plant.
 
So Andrew pick a side as the war between PV and CPV has started. BTW in war "Truth is the First Causality".

All the best,
Green and Gold Energy Pty., Ltd
Greg Watson, CEO
7 Provident Avenue, Glynde, 5070
South Australia, Australia, +61 8 8365 5844
http://www.greenand goldenergy. com.au
 
 
----- Original Message -----
Sent: Monday, May 19, 2008 1:44 AM
Subject: RE: green and gold energy

Andrew,
 
The SunCube technology is viable and their design is very solid. The basic concept is to have a module with one square meter of collection area feeding the light to nine fresnel lenses that focus the light on nine Emcore tripple junction 37% efficiency CPV chips. This module is then integrated with a two axis tracking system. Some of the advantages of this design is that they can be mounted on roofs, the weight is low (about the same as a flat plate monocrystalline or polycrystalline module), it can be handled and installed without cranes, it doesn't have the wind load problems that larger arrays (e.g. Solfocus; any array 2KW to 11KW on a 2 axis tracker - a big PV sail), and it should be relatively easy to mass manufacture.
 
I read your reports on Emcore. You made a misstatement in one about their tripple junction CPV chips being 100X more expensive than standard PV. This is true when comparing their space applications to terrestrial flat plate pv at one sun concentration (e.g. no concentration) . However, this is only true when comparing a unit of size (e.g. one square meter of Emcore's tripple junction cells vs one square meter of Sunpower A300 cells). When one accounts for concentration, the costs drop dramatically. The SunCubes operate at ~1100 suns. Other competitors using the same Emcore CPV chips are using them at concentrations between 500X and 1200X. Essentially, these applications use a chip 1 square centimeter in size but that one chip harvests the power of 1 square foot worth of sunlight at 37% efficiency. Going back to the one square meter of Emcore's tripple junction cells vs one square meter of Sunpower A300 cells example, the one square meter of Emcore cells operating at 1100 suns generates ~300,000 watts of power while the 1 square meter of Sunpower's monocrystalline cells (SunPower 305 module) operating without concentration generates 187 watts of power. The Emcore chips use significantly less silicon per watt of power output and use inexpensive fresnel lens or reflective materials to focus the light from a large area onto their
 
I cannot discuss commercial size orders at this time but I am in the process of scheduling trips to Australia and South Korea to meet with Green and Gold Energy and their Korean licensee, ES Systems, in the next month or two. A colleague will be visiting their Indian licensee in Pune India as well. I would prefer to withold any further comments until I have had the chance to complete these visits. In addition, there are a lot of positive developments and progress here that are not publicly available at this time.
 
I have reviewed and talked with every CPV player that has a realistic chance of shipping product in the next two years and plenty more that are further behind. Green and Gold Energy and their licensees are significantly further ahead everyone else in this industry and will ship more product this year than the rest of the industry combined. SolFocus, Sol3G (in Spain), and Concentrix (in Germany) are the only other players in the industry likely to ship product this year, and their shipments will likely be between 500KW and 5 MW each, mostly in the third and fourth quarter of this year assuming no further significant delays (which are likely as every player has to work through plenty of technical challenges to go from a hand made prototype to a mass produced product). Given the certification challenges that the entire industy faces with no standard method to measure CPV output, no certification authority to certify testing labs to IEC 62108, and no ability to obtain rebates, all of these systems will be installed either in large utility projects or in medium to large projects in places where there are large feed-in-tarrifs (e.g. South Korea; Spain) or solar renewable energy credit compliance markets where the RECs act like feed-in-tarrifs and these incentives are based on actual system output (rather than an STC rating that is never accurate even for flat plate modules) or tax credits based on actual installed costs.
 
Dr. Richard George
From: Andrew Left [mailto:andrew@ citronresearch. com]
Sent: Sunday, May 18, 2008 11:18 AM
To: george@scitechminer .com
Subject: green and gold energy

Dear Sir,
 
I am interested in learning more and about Green and Gold Energy and I have been alerted to your thoughts.  Can you please tell me if you believe this is a viable technology?  Furthermore, have you been able to verify any legitamite commercial size orders from Green and Gold.  I am just trying to navigate myself around the solar space.  Thank You.
 
Andrew Left
 

POSTED ON THE SUNBALL FORUM 20 May 2008 3:00am

 
More from Andrew left.

----- Original Message -----
From: "Greg Watson" <greg.watson@ greenandgoldener gy.com.au>
To: "Andrew Left" <andrew@citronresear ch.com>
Sent: Monday, May 19, 2008 2:22 PM
Subject: Re: green and gold energy

> Hi Andrew,
>
> Solar farms worldwide are funded via a 20 year PPA (Power Purchase
> Agreement) issued by the government for the supply of so many kWhs per
> year. In Korea the Feed-In tariff is around US$0.70 / kWh. A Korea PPA is
> like money, you take it to the bank and they finance the construction of
> the solar farm based on the government guaranteed payment. The only
> unknown with CPV versus PV is the CPV cell. Emcore's experience in space
> and the warranty they offer CPV OEMs takes care of any long term cell
> reliability concerns the banks may have.
>
> India, Spain, Israel and Australia (as well as 40 other countries) also
> have very significant Feed-In tariffs. The PPA funding pathway is how all
> the SCIG licenses, other CPV and PV solar farm construction OEMs do their
> business. As there are no Feed-In tariffs in the US, I assume this is why
> you do not understand how Feed-In tariff based solar farm construction
> occurs?
>
> I suggest you direct any ES System questions to their COO and VP Mr James
> Park tradgkorea@yahoo. com
>
> All the best,
> Green and Gold Energy Pty., Ltd
> Greg Watson, CEO
> 7 Provident Avenue, Glynde, 5070
> South Australia, Australia, +61 8 8365 5844
> http://www.greenand goldenergy. com.au
>
> ----- Original Message -----
> From: "Andrew Left" <andrew@citronresear ch.com>
> To: "Greg Watson" <greg.watson@ greenandgoldener gy.com.au>
> Sent: Monday, May 19, 2008 12:55 PM
> Subject: Re: green and gold energy
>
>
>> Greg,
>>
>> Thank you fore responding to me, I gues the one question I have is, who
>> has funded ES Systems and how much is the funding for? ES has ordered an
>> additional 28 mil to the original order and the numbers are addding up.
>> The building of 70 mw of solar farms is significant and I would like to
>> know who has funded it. Furthermore, how much has GGE and its licensees
>> paid in to Emcore as of date.
>>
>> Thank You
>>
>> Andrew Left
>> ----- Original Message -----
>> From: "Greg Watson" <greg.watson@ greenandgoldener gy.com.au>
>> To: "Richard George" <george@scitechminer .com>; "'Andrew Left'"
>> <andrew@citronresear ch.com>
>> Sent: Sunday, May 18, 2008 6:08 PM
>> Subject: Re: green and gold energy
>>
>>
>>> Richard wrote:
>>> "The Emcore chips use significantly less silicon per watt of power
>>> output"
>>>
>>> Hi Richard,
>>>
>>> There is NO silicon used in a 3J cell. The active layer is about 9
>>> microns thick and is composed of around 70 layers of various materials
>>> grown in a MOCVD reactor.
>>>
>>> In the SunCube 1 cm2 of 3J cell creates as much power over a year as
>>> does ~5,000 cm2 of silicon or say ~10,000 cm2 of thin film. The 3J cell
>>> is ~9 microns thick while the silicon cell is typically ~350 microns
>>> thick. This means a 3J cell uses ~195,000 times less material for the
>>> same annual power output while achieving close to 40% conversion
>>> efficiency and working at 1,000 times the power density of flat panels.
>>>
>>> Then consider this is not some new start up technology. Both Spectrolab
>>> and Emcore have very mature production lines for 3J cells that have been
>>> producing cells for the very tough and demanding environment of space.
>>> 3Js power the current probe around Mercury where the cells runs at over
>>> 250 deg C, which is very much hotter than the 80 deg C temp they
>>> encounter in the SunCube. BTW there are only minor MOCVD growth
>>> differences between space and terrestrial 3J cells, so the terrestrial
>>> CPV industry benefits from a very mature 3J cell production facility.
>>>
>>> Truly vinyl record to Blue Ray disc stuff in one giant technology leap
>>> and just when the world market pull for grid parity renewable kWhs is
>>> reaching staggering levels.
>>>
>>> All the best,
>>> Green and Gold Energy Pty., Ltd
>>> Greg Watson, CEO
>>> 7 Provident Avenue, Glynde, 5070
>>> South Australia, Australia, +61 8 8365 5844
>>> http://www.greenand goldenergy. com.au
 
POSTED AT CITRON RESEARCH ON 21 MAY 2008
 

 
http://www.citronresearch.com/index.php/2008/05/21/more-explanation-of-the-fraud-at-emcore-nasdaqemkr/