All copyright and intellectual property regarding this material belong to Mitsubishi Heavy Industries, Ltd. Renewable Energies Business Presentation Meeting October 17, 2006 Power Systems Headquarters
All copyright and intellectual property regarding this material belong to Mitsubishi Heavy Industries, Ltd.
Renewable Energies Business Presentation Meeting
October 17, 2006Power Systems Headquarters
All copyright and intellectual property regarding this material belong to Mitsubishi Heavy Industries, Ltd.
1.Position of Power Systems Segment in MHI
Power Systems Segment
FY2005Actual
FY2008(Business Plan for FY2006)
Consolidated net sales Consolidated net sales
25% 29%Power Systems Segment
2.8 trillion yen 3.0 trillion yen
All copyright and intellectual property regarding this material belong to Mitsubishi Heavy Industries, Ltd.
2. Power Systems Headquarters – Business Policy
Concentrate on growth areas
・・・Concentrate resources on GTCC and renewable energy-related products (wind turbines, solar cells, etc.) .
Raise profitability Expand sales of highly profitable products. Expand service/maintenance business. ・・・
Shift emphasis from generally available products to those using MHI’s unique, cutting-edge technologies (air-blown IGCC, BFG-fired GTCC, thin film amorphous silicon (a-Si) type solar cells, and high-temperature gas turbines)
Change product strategy
・・・
GTCC; Gas Turbine Combined Cycle, BFG; Blast Furnace GasIGCC; Integrated coal Gasification Combined Cycle
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3.Composition of Products and Their Contribution to Sales/Income
Solar power generation system
GTCC Large conventionalpower plant
Wind power generation system
Industrial use Marine machinery
Non-consolidated net sales
Ordinary income
FY’05-FY’06Average
FY’07-FY’08Average
Renewable energies
GTCC
Other
Renewable energies
GTCC
Other100
157 (+57)
100
136 (+36)(+4)
(+20)
(+12)
(+9)
(+27)
(+21)
・・・(In index figures) ・・・
Large conventional power plant, industrial use, marine machinery, etc.
Large conventional power plant, industrial use, marine machinery, etc.
157 (+57)
FY’05-FY’06Average
FY’07-FY’08Average
(+21)
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4. Power Systems Headquarters – Capital Investment Plans
100%
220%
FY’03-FY’05Average(Actual)
FY’06-FY’08Average(Target)
Renewable energies
GTCC
Other
(+120%)
(540%)
(130%)
(190%)
・・・ (In index figures) ・・・Major capital investment projects ahead:
・ Facilities to produce gas turbine hot parts
・ Plant to produce microcrystalline tandem solar modules (additional plant enlargement being considered)
・Wind turbines production facilities
・ Facilities to produce gas turbine/steam turbine main bodies
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5-1.Power Systems Headquarters – Products Portfolio (1/2)
Large conventional power plant,
Industrial conventional, Marine machinery
Mature businesses generating stable income and forming the basis of the
Headquarters’ business.
IGCC
Take a lead with MHI’s technological superiority. Increase market share by
expanding alliances.
GTCCGas engines
Respond to the market’s rapid expansion and
secure short-term profit.
Wind turbines
Make investments as large in scale as those in the electronics industry in
order to achieve growth.
Solar cells
Areas to be maintained with stable
growth
Growth areas with aggressive investment
MHI’s position in the market
Opportunities for MHI
Next large-scale products
Large
Expansion StabilityMaturity(Decline)
Many entrants in the market
Wind turbines
Solar cells
Industrial conven-tional
GTCC LargeConven-
tional
Marine machinery
Small Lithium batteries
Fuel cellsIntensified competition to
lead to selection
Survivors to enjoy
profit
Maturity phases Current products
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5-2.Power Systems Headquarters – Products Portfolio (2/2)
Market share
Market size and market share
Amount of investment and profitability
2Market size
(Trillions of yen)
4
10%
Profitability
Marine machinery
Industrial
Solar cellsWind
turbines
20%
30%
GTCCLarge
Conven-tional
GTCCLarge
conven-tional
(Size of circle corresponds to size of sales.)
( Size of circle corresponds to size of sales. )
Solar cells
Marine machinery
Industrial
10%
Wind turbines
Amount of investment
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6. Long-term Projection of Global Demand for Primary EnergiesOther Renewable
Solar Thermal Heating
Solar Power
Wind Power
Biomass
Hydro Power
Nuclear Power
Gas
Oil
Coal
[ ×10
6G
Wh/
Yea
r ]
Ann
ual P
rim
ary
Ene
rgy
Con
sum
ptio
n
0
100
200
300
400
500
2000 2010 2020 2030 2040 2050 2060 2070 2080 2090 2100
[ Year ]
40% to be produced from natural energies
Reference:solarwirtschaft.de
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7.Trends in Global Demand for Power Generation Systems for New Installation
GTCC
Large conventional power plant
Wind turbines
Solar power
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
50.0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2015
Oders(GW)
China
South Asia
East Asia
Africa
Middle East
Eastern Europe/CIS
Western Europe
Central/South America
North America
Actual ProjectionExpanding 5GW/year mainly in SE Asia and Middle East.
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
50.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Oders(GW)
South Asia
East Asia
Africa
Middle East
East Europe/CIS
Western Europe
Central/South America
North America (ex. IGCC)
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
50.0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2015
Oders
(GW)
Other
Cina
South Asia
East Asiaaa
Africa
Middle Eas
Eastern Europe
Western Europe
Centrak/South America
North America
0.0
5.0
10.0
15.0
20.0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2015
Oders(GW)
Other
Asia
Western Europe
North America
Increase to 30GW levels.
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8. Expand GTCC Business
2621
30 30
0
10
20
30
40
H18 H19 H20 H21
24
3026
21
40~ 40~
Production capacity
Production capacity of 30 units currently being established through capital investment.
Produce 30-plus GTs by enhancing collaboration with other companies.
Number of GTs produced
(77) (68) (58) (57)
◆ Production of gas turbines (projection) Number of GTs in stock orders
FY’06 FY’07 FY’08 FY’09
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9. Progress in Construction of A New Plant for Production of Gas Turbine Hot Parts (Takasago Machinery Works)
Operation to start in March 2007. Amount of investment: Approx. ¥8bn
◆ Raise production capacity of hot parts ~Construct a new plant
Blades plant (under construction)
Combustor Basket plant (under construction)
MHI is considering additional investments to respond to future demand in 2008 and thereafter.
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10.Expand GTCC Business
◆ Increase production of hot partsMHI plans to achieve production increase target set for 2010 ahead of schedule in order to supply hot parts to alliance makers (in numbers besides 30 units produced).
Gas Turbine row 1Blade
H17 H18 H19 H20 H21 H22
Production capacity*
To be supplied to alliance makers
Turbine Blades Air Air
Internal cooling structure
Dry low Nox combustor
100
145131
* Presented in index figures with production capacity in 2005 as 100.
Utilization of OSC**, etc.
Further capital investments(under consideration)
Construction of a new plant(Takasago Machinery Works)
121
** Orlando Service Center (Service Plant of MPSA)
2005 2006 2007 2008 2009 2010
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130121
103100
2005 2006 2007 2008
128
100 98
113
11.Expand Service/Maintenance Business
Sales from service/
maintenance business
Sales from service/
maintenance business
Largeconv.
GTCC
Industrialconv.
Other
Income from service/maintenance business
Efforts to achieve the ratio of sales from service/maintenance business to total sales of 40% [Achieve higher customer satisfaction]
1. Expand markets of MHI products; make entries in a wider range of markets of peers’ products. Establish a global network to respond to rapidly increasing LTSAs and service/maintenance business that is facing increasing sophistication and intensifying competition.
(1) Expand services operations overseas (A service company for BFG-fired GT in China, etc.) (2) Collaborate with overseas manufacturers.
(3) Provide rehabilitation service of peer-made boilers and turbines.
・・・(In index figures) ・・・
2.Make entry into O&M market
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12.Expand BFG-fired Gas Turbines Business
MHI maintains almost dominant market share in BFG-fired GTCCs. Going forward, MHI will leverage its unique technological superiority to win more orders from Chinese and other markets.
◆ MHI is receiving a growing number of orders by leveraging its unique technology.
Order trends for BFG-fired GT
World’s largest BFG-fired GTCC(using M701F )
Kimitsu Cooperative Thermal Power Company, Inc. (Operation started in 2004)
Orders received from:
Japan: 8 unitsChina: 12 unitsEastern Europe, etc.: 4 unitsIndia and Europe:Sales activity under way
15
20
25
5
10
15
20
25
3,000
2,000
1,000
1990 1995 2000 2005
Tota
l Cap
acity
(MW
)
Year
Unit NOS.
Capacity
15
20
25
5
10
15
20
25
3,000
2,000
1,000
1990 1995 2000 2005
Tota
l Cap
acity
(MW
)
Year
Unit NOS.
CapacityCapacity
Delivered ’82-’06 13Under production ’06-’08 11Orders (projection) ’07-’09 7
Number of Period units
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13.Trends in Global Wind Turbines Market・ Global market is expected to continue expansion (11GW in 2005, 25GW in 2010, and
40GW in 2015).・ Currently, Europe accounts for approx 73% of the global market. North American and
Asian (China and India) markets are expected to expand sharply.
Europe
Americas
Asia
Other
Already installed
30
25
20
15
10
5
0
Win
d tu
rbin
es in
stal
led
(GW
/yea
r)
Annual Wind Power development
1995
1996
1997
1998
1999
2006
2007
2008
2009
2010
2005
2000
2001
2002
2003
2004 Year
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14.Market Share of Mitsubishi Wind Turbines・ In 2002, MHI launched MWT-1000A on the market. In 2005, MHI accounted for 2.0%
(233MW/ranked 10th) in terms of global market share (7% and 3rd in the U.S., 57% and top market share in Japan).
Top-10 Suppliers in 2005% of the total market 11,407 MW
VESTAS (DK) 27.9%
SIEMENS (DK) 5.5%
Others 5.0%
SUZLON (Ind) 6.1%
GAMESA (ES) 12.9%GE WIND (US) 17.7%
ENERCON (GE) 13.2%
MITSUBISHI (JP) 2.0%
ECOTÉCNIA (ES) 2.1%
NORDEX (GE) 2.6%REPOWER (GE) 3.1%
Source: BTM Consult ApS - March 2006
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Market SizingMarket Forecast Scenarios – Combined 2006 - 2010
Net Adds Base
3,40
0
750
3,60
0
990
3,60
0
1,070
3,80
01,12
0
4,00
0
1,140
0
1,000
2,000
3,000
4,000
5,000
6,000
2006 2007 2008 2009 2010
CAN Base
US Base
MW Add – EER Base Scenario 2006 - 2010
3,200
400
3,800
500
800
600
1,200
700
2,000
800
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
2006 2007 2008 2009 2010
CAN LowUS Low
3,800
800
4,000
1,100
4,200
1,200
4,400
1,400
4,500
1,500
0
1,000
2,000
3,000
4,000
5,000
6,000
2006 2007 2008 2009 2010
US High CAN High
MW Add – Low Growth Scenario
MW Add – High Growth Scenario
4,1504,590
5,1404,9204,670
Annual increase in MW – High growth scenario
U.S.Canada
3,800 4,0004,200 4,400 4,500
3,2003,800
800 1,2002,000
15.Growth of North American Wind Turbines Market
Annual increase in MW– Low growth scenario (2006~2010)
Annual increase in MW– Basic scenario (2006~2010)
U.S.Canada
U.S. Canada
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16. Trends in Market Prices of Wind Turbines and Production Plans for Mitsubishi Wind Turbines・ Market prices of wind turbines started to rise in 2004. Currently, the market is the “seller’s
market” to the levels unseen before. ・ MHI will expand production bases for Mitsubishi wind turbines to increase production to
over 1000MW in 2008.
Production plans for Mitsubishi wind turbines (MW)
Trends in prices of wind turbines(Price per output (kW) with the figure in 2004 as 100)
0.8
1
1.2
1.4
1.6
H16 H17 H18 H19 H20
100
120
140
160
(%)
Target profit margin: 10%
191 261355
26
321
350
624
584
0
200
400
600
800
1000
1200
1400
H16 H17 H18 H19 H20
(MW)
□Yokohama Plant■Nagasaki Plant
1208
671
381
2004 2005 2006 2007 2008
2004 2005 2006 2007 2008
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17.Plans to Expand Wind Turbines Plants
(Production of nacelles at Nagasaki Plant)・ Dedicate the Nagasaki Plant, the main wind
turbines plant, to production of 2.4MWmodels and increase production capacity from:
480MW480MW → → 650MW650MW +
Nacelle production line
+
Nagasaki Plant Rotor head production line
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18. Production of Nacelles at Yokohama Plant (Honmoku Plant)
Wind turbines plant
Depot for shipment
Shipping quay
Bayside Marina
Kanazawa PlantMWT92
Hakkeijima
Honmoku Nacelle Plant
・ Leverage a large space at Yokohama Plant (production facilities for steel structures and bridges at Honmoku Plant to be converted) and port facilities.
・ Start production in October to produce nacelles at two plants (in Yokohama and Nagasaki). ・ Start establishing a supply chain in the Kanto area following the completion of a new nacelle production
plant.
Yokohama Plant (Honmoku Plant)
・ Secure production capacity at Yokohama Plant as high (650MW650MW) as at Nagasaki Plant.
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19. Production of Nacelles at Yokohama Dockyard & Machinery Works (Honmoku Plant) Yokohama Plant (in Honmoku)
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20. Expansion of Blade Production Plant (VIENTEK)
・Capacity expansion at the Mexico plant (VIENTEK) to increase production of wind turbine bladesfor 2.4MW machines marketed in the core U.S. market.(Capacity expansion at the Nagasaki Plant to increase production of wind turbine blades for the Japanese market. )
Blade production capacity: up from current 400MW to 1200MW+.
VIENTEK plant: blade shipment Blade production line
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21-1. History of Developing Mitsubishi Wind Turbines
0
500
1000
1500
2000
2500
3000
1978 1981 1984 1987 1990 1993 1996 1999 2002 2005
Out
put k
W
Squirrel cage induction motor
Synchronous motor
Wound induction motor
Mitsubishi Nagasaki
Test Machine
40kW
Winkra-Energy,
Germany, 450kW
Kyushu Electric Power
Okino-erabu Island, 300kW
NEDO Tappi WP,
500kW
Foote Creek, USA,
600kW
Tohoku Electric Power
Tappi WP, 275 kW
Tohoku Electric Power
Tappi WP, 300 kW Tohoku
Electric Power
Tappi WP, 300kW
Hokudan-cho
600kW
Okinawa New Energy
Development Gushikawa
1950kW
Muroran-city,
1000kW
Hotel New Awaji2000Kw
2006 Yokohama city (Demo model) 2400kW
Year
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21-2. Delivery of Mitsubishi Wind Turbines
As of End/FY2005(Operation started as of March 2006)
0
200
400
600
800
1000
1200
14001980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
Fiscal year
Cum
ulat
ive
inst
alla
tion
MW
MWT-300 MWT-S300 MWT-500
MWT-600 MWT-S600 MWT-1000
MWT-1000A MWT-S2000 MWT92/2.4
Delivered: 2,077 units / Total output: 1,295MW
First model
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22. Mitsubishi Wind Turbines - Outline
MWT62/1.0MWT62/1.0 MWT92/2.4, MWT95/2.4MWT92/2.4, MWT95/2.4
Operation Market launch in 2003 Market launch in 2008Rated Output 1000 kW 2400 kW
61.4 meters69/60 meters
Rotor Diameter 92/95 metersHub Height 70/80 meters
Power Regulation: Full Span Pitch ControlWind Class : IEC Class IIA
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23. Yokohama 2.4 MW Demo Model
New Model (MWT92/2.4)New Model (MWT92/2.4)
Rated Output: 2.4MWRotor Diameter: 92mIEC Class IIA・Performing a thorough examination of performance and
reliability by using a demo model of large-sized wind turbine at the Yokohama Plant (in Kanazawa)
Assembly of nacelle(Nagasaki plant)
Test: lightening damage to wind turbine blade (demo model; Apr 2, 2006). 63 coulomb measured.No problem detected.
Demo model (full view) Demo model (Nacelle, rotor head)
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24. Mitsubishi Wind Turbines in the U.S.
Oregon AreaCondon : 600kW × 83 unitsCombine Hills :1000kW x 41units
Total 90.8MW 124units
Oregon AreaCondon : 600kW × 83 unitsCombine Hills :1000kW x 41units
Total 90.8MW 124units
Tehachiapi California AreaToyowestⅠ:250kW × 20 unitsMojave’89 :275kW ×340 unitsMojave’90 :275kW ×300 unitsMojave’99 :600kW × 30 unitsMorwind :600kW × 29 unitsMogul :500kW × 8 unitsOASIS :1000kW x 60units
Total 280MW 787 units
Tehachiapi California AreaToyowestⅠ:250kW × 20 unitsMojave’89 :275kW ×340 unitsMojave’90 :275kW ×300 unitsMojave’99 :600kW × 30 unitsMorwind :600kW × 29 unitsMogul :500kW × 8 unitsOASIS :1000kW x 60units
Total 280MW 787 units
MPS Los Angeles Office(Wind Business Group)
MPS Los Angeles Office(Wind Business Group)
Palm Springs California AreaMountain ViewⅠ: 600kW × 74 unitsMountain ViewⅡ: 600kW × 37 units
Total 66.6MW 111 units
Palm Springs California AreaMountain ViewⅠ: 600kW × 74 unitsMountain ViewⅡ: 600kW × 37 units
Total 66.6MW 111 units
Texas/New Mexico/Arizona AreaWhite Deer : 1000kW x 80 unitsBrazos : 1000kW x 160 unitsCaprock : 1000kW x 80 unitsSan Juan Mesa : 1000kW x 120unitsSteel Park :1000kW x 15units
Total 455MW 455units
Texas/New Mexico/Arizona AreaWhite Deer : 1000kW x 80 unitsBrazos : 1000kW x 160 unitsCaprock : 1000kW x 80 unitsSan Juan Mesa : 1000kW x 120unitsSteel Park :1000kW x 15units
Total 455MW 455units
Wyoming AreaFoot Creek Ⅰ: 600kW × 69 unitsFoot Creek Ⅱ: 600kW × 3 unitsFoot Creek Ⅳ: 600kW × 28 unitsRock RiverⅠ :1000kW × 50 units
Total 110MW 150 units
Wyoming AreaFoot Creek Ⅰ: 600kW × 69 unitsFoot Creek Ⅱ: 600kW × 3 unitsFoot Creek Ⅳ: 600kW × 28 unitsRock RiverⅠ :1000kW × 50 units
Total 110MW 150 units
MPS HeadQuarter(Orlando,Florida)
MPS HeadQuarter(Orlando,Florida)
Iowa AreaIowa : 1000kW x 50 units
Total 50MW 50units
Iowa AreaIowa : 1000kW x 50 units
Total 50MW 50units
VienTek,Mexico(Blade Factory)
VienTek,Mexico(Blade Factory)
UndisclosedProject A : 1000kW x 38 unitsProject B : 1000kW x 90 unitsProject C : 1000kW x 45 unitsProject D : 1000kW x 135unitsProject E : 1000kW x 160unitsProject F : 1000kW x 250unitsProject G : 1000kW x 80units
Total 798MW 798units
UndisclosedProject A : 1000kW x 38 unitsProject B : 1000kW x 90 unitsProject C : 1000kW x 45 unitsProject D : 1000kW x 135unitsProject E : 1000kW x 160unitsProject F : 1000kW x 250unitsProject G : 1000kW x 80units
Total 798MW 798units
Total 1,850MW 2,475 units (sales as of may 2006)
Red color: MWT62/1.0
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25. Mitsubishi Wind Turbines in the U.S.
California California ‒‒ MojaveMojave, MWT-250 x 300 unit 1990~
Dia. 28m x T.Height 30m
Texas Texas -- Brazos Brazos MWT-62 160 Units Operated began Dec. ‘03
Rotor Diameter: 61.4meters Tower Height: 69/60meters
California California ‒‒ OasisOasis MWT-57 60 Units Operations in Dec. ‘04
Rotor Diameter: 57metersTower Height: 69meters
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26. Development of Offshore Wind Turbines・ Installation of offshore wind turbines is expected to grow to take advantage of favorable wind
conditions. Fundamental technologies are under development in Japan and abroad.・MHI is the only group in the world that engages in both the wind turbine and shipbuilding
(marine structure) businesses. MHI will leverage its overall technological capabilities to deliver world-class offshore wind turbines.
Source http://www.middelgrunden.dk
Offshore wind turbines in Europe(mounted on towers driven into the ocean floor)
Example of offshore wind turbines mounted on a floating platform (Tokyo University)
Coastal area [Mounted on a floating platform]
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27. Solar Cells - Business Environment
562 744
1 ,195
1 ,759
0
1,000
2,000
3,000
4,000
5,000
6,000
2002 2003 2004 2005 2006 2007 2008 2009 2010
生産量(MW/年)
JapanEuropeNorth AmericaOther
Forecast of global demand for solar cellsSource:Solar Generation III by European Photovoltaic Industry Association (EPIA)/ Greenpeace
Production and shipment (Actual)
Global market
Q -Cells9%
Sharp24%
Kyocera8%
Sanyo7% Mitsubishi
Electric6%
O ther28%
Shell Solar2%
Isofoton3%
Motech3%
SchottSolar
5%Suntech
5%
28%
3%
56%
CdTe2%
7%
a-Si4%
CIS0%
Market share by manufacturer
Market share by type
As of 2005, MHI ranked 20th in the global solar cell market. MHI will increase production to join the world’s top 5 companies by 2010 as a leading thin-film solar cell maker.
Prod
uctio
n (M
W/Y
ear)
Projection as of Dec 31, 2005
Monocrystalline Si
Monocrystalline a-Si
Ribbon-Si
Polycrystalline Si
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28. MHI’s Production Capacity and Sales Outlook
Volumes of purchase by existing MHI customers are expected to increase sharply. These customers have requested MHI to increasesupply volumes rapidly and significantly.
23
微結晶
アモルファス
0.4 3.6 7 12 14
52
0
50
100
150
200
250
300
350
H14 H15 H16 H17 H18 H19 H20 H21 H22
生産能力/購入希望量(MW/年)
微結晶
アモルファス
5,600(4.6%)
4,600(3.5%)
3,400(2.7%)
2,500(2.1%)
1,900(0.7%)
世界市場規模(当社生産量比率)
当社生産実績・予定量
顧客購入希望量
増設予定
23
微結晶
アモルファス
0.4 3.6 7 12 14
52
0
50
100
150
200
250
300
350
H14 H15 H16 H17 H18 H19 H20 H21 H22
生産能力/購入希望量(MW/年)
微結晶
アモルファス
5,600(4.6%)
4,600(3.5%)
3,400(2.7%)
2,500(2.1%)
1,900(0.7%)
世界市場規模(当社生産量比率)
当社生産実績・予定量
顧客購入希望量
増設予定
Global market size (Ratio of production by MHI)
2002 2003 2004 2005 2006 2007 2008 2009 2010
Production (actual/forecast) by MHI
Customer demand
Production increase (plan)
Microcrystalline
Amorphous
P rod
u cti o
n ca
paci
ty /
Cus
tom
ers ’
dem
and
(MW
/Yea
r)
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29. Trends in Production and Cost
0
100
200
300
400
2004 2006 2008 2010 2012
0%
50%
100%
Prod
uctio
n [ M
W/Y
ear
]
Mod
ule
cost
[ %
]
Production
Module cost
Year
Module cost is expected to decrease sharply as production increases.
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30. Comparison of Solar Cells
シリコン使用量とコスト
EPT:エネルギーペイバックタイム
105%(-0.3%/℃)
110%(-0.2%/℃)
100%(-0.4%/℃)
年間発電量(温度係数)
11~12%7~8%14~17%セル効率
80%90%100%コスト(同一生産量ベース)
断面構造
微結晶タンデム型アモルファス型結晶型
シリコン使用量とコスト
EPT:エネルギーペイバックタイム
105%(-0.3%/℃)
110%(-0.2%/℃)
100%(-0.4%/℃)
年間発電量(温度係数)
11~12%7~8%14~17%セル効率
80%90%100%コスト(同一生産量ベース)
断面構造
微結晶タンデム型アモルファス型結晶型
光白板強化ガラス
Al裏面電極(+)
200μ
m
n型Si
バックシート
p型Si
反射防止膜
テクスチャー
EVA
Ag電極(-)
光 光
3.5μm0.3μm2μm
EVA
アモルファストップ電池(0.3μm)微結晶ボトム電池(2μm)
pin
pin
EVA
1.5μm0.3μm
バックシート
白板ガラス 白板ガラス
シリコン膜厚
シリコンコスト
EPT シリコン膜厚
シリコンコスト
EPT シリコン膜厚
シリコンコスト
EPT
0.3μm19%
2.1年
1年
2.5μm22%
2.4年200μm 100%
製造エネルギー
年間発電量EPT=
透明電極(+)
Ag裏面電極(-)
0.3μm
バックシート
透明電極(+)
Ag裏面電極(-)
Crystalline Amorphous Tandem
Cross Section
Cost ratio
Cell efficiencyAnnual Power
Generation(Thermal Coefficient)
Volume of silicon & Cost
EnergyAnnual Power
Generation
Sunlight
Glass substrate Electrode
(Ag)
ARcoating
Texture P type
Si N type Si
Back sheet
Back
electrode(Ag)
Back
electrode(Ag)
Back sheet
Sunlight Transparent electrode(+)
2.4year 2.1year
1year
Transparent electrode (+)
Sunlight
Back sheet Back
electrode(Ag) Amorphous top cell
Microcrystalline bottomcell
Costof silicon
Silicon film thickness
Silicon film thickness
Costof silicon
Silicon film thickness
Costof silicon
Glass substrate
Glass substrate
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31. Road Map on Solar Cells for NEDO
Source :NEDO "PV Roadmap 2030 (PV2030)"
4.84.8GWGW
JPY 7/kWh
JPY 23/kWh
Lower cost of bulk crystalline silicon solar cells
Lower cost of thin film silicon solar cells by using large-area thin film production and other technologies.
Achieve further cost reduction through low-cost, high-quality production process and longer product life cycle
Thin-film (silicon, composite) solar cells to appear.
Higher performance achieved by ultra-thin/multi-junction solar cells.
New materials, which are neither silicon nor composite, to appear.
Solar cells using new materials and new structures
2002 2007 2010 2020 2030
Achieve cost reduction throughtechnological generation change.
102102GWGW~ JPY 50/kWh
JPY 14/kWh
JPY 30/kWh
Development investment (for 25
years starting 2005):
JPY 150 billion
3535GWGWCrystalline solar cells
Microcrystalline tandem
Lowering system prices is key to diffusion of solar cells. Accordingly, mass production of solar cells using thin-film silicon technology or composites is attracting attention as a substitute for crystalline solar cells. In particular, MHI’s proprietary technologies (for production of high-speed, large-area films) are highly valued by NEDO and peers.
Microcrystalline tandem solar cells to replace crystalline solar cells
<Development timetable for highly-productive thin film silicon solar cells>
12% 15% 18%
10
15
20
2004 2005 2006 2007 2008 2009 2010
Development of microcrystalline tandem solar
cells
Module
efficiency(%)
Development of cell manufacturing technologies achieving high efficiency and productivity
Development of next-generation production technologies achieving high productivity and efficiency
Mod
ule
effic
ienc
y (%
)
Power generation cost
Year
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32. Rendering of the New PlantA new plant for production of microcrystalline tandem solar modules with annual production of approx. 40MW to be constructed adjacent to the amorphous solar cell production plant (capex: approx. ¥10bn). New products to be launched in April 2007.
Rendering of the new plant for production of microcrystalline tandem solar modules(steel framed, two-story building with dimension of 150m(W)x50m(D)x15m(H))
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33. Production Facility for Microcrystalline Tandem Solar Cells
The plasma CVD production line, the central part of a microcrystalline tandem solar cell production facility, has an efficient and compact structure based on MHI’s expertise in amorphous solar cells.
Central transfer chamberUnloading chamber
Unloader
Central transfer robot
Load-lock chamberLoader
Film production chamber
Production facility for microcrystalline tandem solar cells (Full view)
Production facility for microcrystalline tandem solar cells (Full view)
Plasma CVD production line
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34. Technologies Differentiating MHI from Peers in Production of Thin-film Si Solar Cells
(MHI’s proprietary technology)
∝ Conversion efficiency
Operating rate
Size of substrate
YieldProduction speed
Productivity
(cost)
Large area・high speed・high qualityPlasma CVD Self cleaning
MHI:1.1m 1.4m
Company B:0.56m×0.93m
Company A:0.46mx0.91m
1.0
2.0
11
12
MHI
[nm/s] [%]
10
70 80
[%]
60 w/ cleaning w/o cleaning
Size of substrateSize of substrate Film production speedFilm production speed EfficiencyEfficiency Operating rateOperating rate
90100
Production line stopped
Cleaning Open Maintenance *
Operating time
Operating time50
MHI :100% Company A : 16% Company B : 6%
based on same production yield per film production chamber
MHI Comp-any A
Comp-any B
Comp-any A
Comp-any B
Peers: Placing too much focus on efficiency improvement (system development entrusted to equipment makers)MHI: As an equipment maker, MHI works to improve the full scope of technologies for cost reduction.
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35. Large Scale Solar Power Generation System
<Facilities outline>・Name of plant:Buttenwiesen PV Plant ,Germany ・Output:1,000kWp・Number of panels: 10,000 (amorphous solar modules modules made by MHI)
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36. Characteristics of MACH-30G ・Achieved world’s highest level electric efficiency and low NOx levels.・High reliability (developed based on the KU30 series (over 400 units were ordered)) ・Seamless customer support package (from planning to maintenance and after service)
MACH-30G Main specifications /50Hz(in brackets:60Hz)
8MACH-30G 12MACH-30G 14MACH-30G 16MACH-30G 18MACH-30G
Number of cylinders 8 12 14 16 18
Cylinder bore ×piston stroke mm 300×380
Number of revolutions min-1 750(720)
Rated output (at power generation end) kW
2,550(2,450)
3,800(3,650)
4,450(4,250)
5,100(4,900)
5,750(5,500)
NOx ppm 200 or less:converted to O2=0%
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37. Efficiency of MACH-30GEl
ectri
c ef
ficie
ncy
at g
ener
ator
end
(%)
50
40
30
20
10
010kW 100kW 1MW 10MW 100MW
60
Diesel
Conventional gas engine
MACH gas engine
Output
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38. MACH-30G - Awards and Market ShareAgency for Natural Resources and Energy (ANRE) Director-General‘s Prize
of Japan (2002)MACH-30G was awarded in the 23rd Energy Saving Machinery and Equipment Awards in the field of power generation engines for its high performance including significant improvement in efficiency and reduction in NOx/CO2/PM(Particulate matter) and other pollutants.
JGA’s Technical Award (2003)
Awarded by the Japan Gas Association (JGA) for achieving high efficiency, high operating performance and high environmental performance in the area of gas fueled machinery and equipment.
Others:190MW(20%)
MACH :720MW(80%)
Japanese market share of gas engines (3.5~7.5MW class)
(FY2001(when MACH was launched) ~FY2005)
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39. MACH-30G - Orders Received
(台) (MW)
71
3519
107
134145
19725MW
572MW
381MW
194MW
106MW
886MW
0
50
100
150
200
2001 2002 2003 2004 2005 20060
500
1,000
台数(計画)
台数
MW(計画)
MW
Number of units (prospect)
Number of units (ordered)MW (prospect)
MW
(Units)
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40. Overview of MACH-30G (Example)
Customer: Sodegaura Power Station, Nippon Steel Corporation 18MACH-30G 10Units
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41. IGCC (Integrated Coal Gasification Combined Cycle)
IGCC:Integrated coal Gasification Combined Cycle Power River Basin (PRB) coal: a low rank coal with higher moisture content and lower heating value, but available at low cost because of its plentiful reserves.
1. Features(1) More than 10% lower CO2 Emission Intensity than latest USC conventional coal fired
plant by Higher Plant Efficiency with Air-blown IGCC(2) Fuel Flexibility for high moisture Low Rank Coal like PRB Coal.(3) Higher Reliability with Waterwall Structure based on mature boiler experiences(4) Much Experiences in Low calorific gas firing G/T
2. 250MW-class Demonstration Plant
Gas Clean-up
GT/ST
Gasifier
HRSG
Operation Room
Operation starts in Sep. 2007Gas Clean-up
HRSGGasifier
GT/ST
OperationRoom
Air Blown IGCC is the Best System for Power Generation
Clean Coal Power R&D Co., LTD.
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42. IGCC (Integrated Coal Gasification Combined Cycle)
3. IGCC projects in the U.S. 4. Commercial Plant PerformanceEPACT (Energy Policy Act; signed in Aug
2005) set measures including subsidies, tax incentives for investments, etc. → Triggering IGCC projects across the U.S.
: IGCC projects being considered
Item Unit 250MWDemo. Plant
Commercial Plant(60Hz)
Gross Output MW 250 500
Design Coal -Bituminous
CoalBituminous
Coal
PM mg/Nm3 4 4
Gasifier -Air-blown
Dry coal feedAir-blown
Dry coal feed
Gas Clean-up - Wet Clean-up Wet Clean-up
Gas Turbine - M701DA M501G
Net PlantEfficiency %,HHV 40.5 46
Emission SOx ppm 8 8
(16%O2) NOx ppm 5 5
Mitsubishi IGCC ready for Commercial plants in Japan and the U.S.
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Tubular type SOFCJointly developed with
J-Power
MOLB-type SOFC
Jointly developed with Chubu Electric Power
Mid-sized dispersed type power sources;Replacement for large-sized thermal power generation
PEFC for “Urashima”, deep sea cruising AUV developed by JAMSTECPEFC for mobile
applications
Development of “Combined System” with levels of 200kW
Project of experimental study in Aichi World Expo 2005(March - September)
Cogeneration system for Japan Pavilion
SOFCSOFC(solid oxide fuel cells)
MOLB:MOno-Block Layer Built
NEDO technology development project(2004 - 2007)
Cogeneration system for Electric Power Pavilion
PEFC (polymer-electrolyte fuel cell)
As an autonomous underwater vehicle (AUV), Urashima recordedthe world’s longest continuous cruising of 317km in February 2005. JAMSTEC “URASHIMA”
43. MHI’s Efforts to Develop Fuel Cells
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Power Generation plant for Utility
(output:several 100 MW)
200kW class
+
Power Generation plant(output:several MW)
2005 2010 2020Year
Efficiency:70%-LHV
2015
(Efficiency with output of 350kW class: 55%-LHV
IGFC
44. SOFC Combined-Cycle Power Generation SystemEfficiency and Road Map
40
45
50
55
60
65
70
1990 1995 2000 2005 2010 2015
USC(coal)
Combined-Cycle
SOFCCombined-Cycle
LHV %75
2020Year
IGFC
LNG SOFC C/C
IGCC: Integrated Gasification Combined CycleIGFC: Integrated Gasification SOFC Combined Cycle
C/C (1700℃ class)Efficiency: 60%-LHV
LNG C/C
IGCC
Efficiency:50%-LHV700℃ class USC
USC: Ultra Super critical pressure Coal-fired plant
Eff
icie
ncy
at p
ower
gen
erat
ion
end
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45. Road Map for Lithium Rechargeable Batteries
Raise performance of batteries ・Reduce cost・Develop mass production technology Pre-mass-production Full-scale mass production
2006 2007 2008 2009
EVs (fleet sales)
Electricity storage business; R&D on use of natural energies
Stationary batteries
Batteries for EV
Phases of development
Unit w/100kWhPower storage systemSystem ensuring stablesupply of natural energies
Cell batteries for EVs Module batteries for EVs
Stationary battery cellsStationary module batteries
Power density
(W/kg)
Ene
rgy
dens
ity
(Wh/
kg)
For HEV
For PEV
020
406080100
120140160180200
500 1000 1500 2000 2500
MHI stationary batteries
MHI batteries for mobile applications (Developed in 2001)Data of batteries
developed by peers
For EV
For PHEVMHI stationary batteries
(Developed in 1998)
0
(Developed in 2005)
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Fuel cell production (in 10,000 units / year)
Fuel
cel
l pri
ces (
in r
elat
ive
valu
es)
1/20
1
0 25 50 75 100 125 150 175
Reduce materials costInitial-phase mass production facilities
Production capacity:For approx. 8,000 EVs/year
Reduce production cost; reduce materials
cost
46. Estimation of Fuel Cell Prices
Test production facilities (current facilities)Production capacity:For approx. 60 EVs/year
Pre-mass-production facilitiesProduction capacity:For approx. 2,000 EVs/year1/10
Full-scale mass production facilitiesProduction capacity:For 16,000 EVs/year
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GT C/C
Ultra – Supercritical Pressure Power Plant
Solar Power GenerationHotel,Office etc…
Home
TransportationSystem
(Train etc…)
TransmissionPlant
SubstationFacilities
Wind Power GenerationIntegrated coal Gasification Fuel Cell
combined cycle (IGFC)
Batery CarSecondary Battery
47. Future of Power Generation
Secondary Battery
Secondary Battery
Integrated coal Gasification Combined Cycle (IGCC)
Secondary Battery
SubstationFacilities