Power & Energy Solutions

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Meyer Burger enters into important strategic partnership with leading developer of highly efficient next generation perovskite solar cells and sells 200 MW Heterojunction production line Operating profitability reached despite difficult market environment Net sales 2018 of CHF 407.0 million EBITDA CHF 26.1 million; EBIT CHF 1.8 million Net loss CHF -59.4 million mainly due to value adjustment on deferred tax assets of CHF 49.0 million Transformation program to reduce fixed cost base on track Re-sized Executive Board to four members; COO Daniel Lippuner to leave Executive Board Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) and Oxford Photovoltaics Limited (Oxford PV) have entered into a strategic partnership and signed an exclusive cooperation agreement to jointly accelerate the development of mass production technology for perovskite on silicon Heterojunction (HJT) tandem cells. Oxford PV was founded in 2010 as a spin-out from University of Oxford in England. They have developed perovskite tandem solar cells using bottom cells of crystalline silicon and achieved a certified world-record efficiency of 28% in 2018. Such tandem devices use the higher energy blue part of the solar spectrum more effectively, allowing a theoretical efficiency limit of 43% compared to 29% for traditional single-junction silicon-based solar cells. Perovskite tandem solar

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Solar and storage technology leader to showcase service solutions at the worldwide conferences dedicated to optimizing solar plants and portfolios ROCKLIN, Calif., March 20, 2019 - SMA will join industry leaders at the Solar Asset Management North America conference and tradeshow on March 26th and 27th in San Francisco. The conference comes on the heels of new rankings released by the Wood Mackenzie research group. The Wood Mackenzie Global Solar PV O&M Markets, Services and Competitors report shows that SMA has risen in the global rankings—to sixth overall and first in the North America inverter manufacturer category. Additionally, SMA was ranked second globally for inverter manufacturers. This is noteworthy as the comprehensive analysis highlights the continued growth and expansion of the SMA service offerings and solutions. SMA will showcase its flexible service solutions for asset management, spanning from spare parts supply warranties to preventative maintenance, plant-wide O&M and repowering solutions. Speaking on three panels, SMA thought leaders will discuss vertical integration, aerial inspection and repowering, among other topics. SMA Solar Monitoring Center SMA will focus on communicating with customers and partners about the benefits of service solutions, especially how they impact the flexibility and profitability for customers. SMA offers a full range of risk-sharing options from spare

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Leading Marine Management System, SeaPlanner has been selected to support the construction of Formosa 1 Offshore Wind Farm Phase 2, as part of the SeaRoc’s strategic partnership with Specialist Marine Consultants (SMC) who are contracted for deliver marine coordination services for the 120MW project. SMC will be responsible for managing all operational marine coordination activities during construction of the 20 6MW turbine wind farm, and will utilise the full capabilities of the SeaPlanner system to manage the safety and efficiency of the work. This includes inductions of all working personnel, management of personnel certification, live vessel, personnel and asset tracking, controlling access restrictions, Risk Assessment/Method Statement (RAMS) management, Permit to Work and Transfer of Control. Also working with the two companies and in alignment with their commitment to promoting local content, MDS, a local communications specialist, will be utilised to provide expert support to the operation. MDS have great experience in delivering communications, coastal radars surveillance and spectrum monitoring & DF solutions in-country, having previously delivered systems integration and services to the Taiwanese military, rail network, public safety (police & firefighter) and coastguard, amongst others.

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Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced the successful conclusion of an order from an existing, major Asian customer for its high performance MAiA® 6.1 platform which delivers an impressive throughput of over 6,000 wafers per hour for mass production scalable PERC technology. By selecting Meyer Burger’s MAiA® 6.1, which launched in 2018, to drive the production expansion of its high quality PERC solar cells, this global leader in the PV industry has chosen today’s foremost standard in PERC manufacturing technology. Meyer Burger’s industrialized MAiA® with its superior passivation technology played a key role in finally establishing PERC as the new global standard in mass manufacturing of solar cells. PERC delivered a much higher module performance while reducing production costs compared to the former Al-BSF standard technology. Dr Hans Brändle, CEO of Meyer Burger, stated: “Today’s announcement of a repeat order from a leading PV module manufacturer for our next generation MAiA® 6.1 signals the beginning of ambitious new PERC expansion plans by the solar industry.” Meyer Burger’s CTO, Dr Gunter Erfurt, added: “Meyer Burger’s proprietary passivation technology for PERC solar cells is based on our own IP which is patented in the EU as well as in China and

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The Company Adds ZX 300 and ZX 300M to Its Remote Sensing Offerings March 19, 2019, Hinesburg, Vermont, USA – NRG Systems, Inc., a designer and manufacturer of smart technologies for a range of wind, solar, and meteorological applications, has announced that it will now sell and support ZX Lidars in North America. This will include the ZX 300 for onshore vertical profiling applications and the ZX 300M for near-shore or platform-based offshore applications. Both models capture finance-grade wind measurements from 10 to 200+ meters and are fully IEC classified and accepted by DNV GL as Stage 3 Bankable Lidars. NRG Systems, a global leader in wind measurement for over 36 years, offers the industry’s most complete portfolio of resource assessment technologies, including met mast systems, Direct Detect Lidar, and Doppler Lidar. David Hurwitt, NRG’s Vice President, Global Marketing and Product Management, said, “We’re very excited to pair ZX’s proven technologies with our sales, logistics, and service capabilities. The combination gives our customers absolute confidence that we can meet their complete measurement needs.” NRG Systems was one of the first companies to venture into remote sensing for wind more than a decade ago. Today, they offer a suite of support products and services

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An Alfa Laval Smit Combustion system (FU type) is now installed at the Alfa Laval Test & Training Centre in Aalborg, Denmark. The system, which adds inert gas production to the centre’s already comprehensive range of full-scale vessel applications, will ensure that Alfa Laval remains at the forefront of developing and optimizing inert gas systems. Inaugurated in 2014, the Alfa Laval Test & Training Centre is essentially a full-sized machine room on land, with equipment from all of Alfa Laval’s marine product groups installed in process lines as they would be on a commercial vessel. To support a focus on gas applications and combustion technology, the testing space underwent a major expansion in 2017, which added 1100 m2 and a gas fuel supply. The new Smit Combustion system fits neatly into that expansion, where flame tests and other activities are underway with the Alfa Laval Gas Combustion Unit (GCU) and multi-fuel Alfa Laval Aalborg burner systems. Leading innovation in a safety-critical application Inert gas production is needed on ships that carry oil and gas products, where the inert gas replaces oxygen in the cargo space to ensure a non-combustible atmosphere. The gas is pumped into the cargo tanks during offloading, for tank inspections

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Energy regulator Ofgem has today (March 19) said it is minded to turn down an application for a 600MW electricity interconnector between the Western Isles and the Scottish mainland in favour of a smaller 450MW connection, while approving a 600MW connection to Shetland. Responding, Hannah Smith, Senior Policy Manager at Scottish Renewables, said: “Scotland’s remote islands have some of the best renewable energy resource in the world. “We welcome Ofgem’s minded-to position on the Shetland interconnector – the lack of which has left promising projects effectively locked out of the energy market for want of a network connection. “The decision to approve a smaller connection to the Western Isles – which is in an almost-identical situation – does, however, raise questions about whether consumers now and in the future will be denied access to the islands’ potential for low-cost renewable generation. “Renewable energy development is about delivering environmental, social and economic benefits, so the numbers on this decision are important. “Analysis by SSEN shows the cost differential between a 450MW and 600MW link is less than 5% of the total cost of the project; but would provide a third more capacity for new renewable electricity generation and deliver an additional 30% of socio-economic benefit to the Western

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NKT appoints Alexander Kara, a senior power industry executive, CEO The NKT Board of Directors has appointed Alexander Kara President and CEO of NKT and NKT A/S. Alexander Kara is an internationally experienced executive in the power distribution industry, with in-depth market knowledge and technology insight, which will further strengthen NKT’s position as a strong partner in its key markets. Alexander Kara joins NKT 1 August 2019. Alexander Kara (58, German and Swiss citizen) joins NKT from ABB and a position as Senior Vice President, HUB Business Unit Manager CSE, High Voltage Products with responsibility for all ABB high-voltage product plants and markets in Central and Southern Europe. Prior to that and since 1987, He has held several key positions at ABB, some with global functional responsibilities. From 2012 to 2014, Alexander Kara was head of ABB’s global power cables business in Karlskrona, Sweden, now owned by NKT. Chairman of the Board of Directors, Jens Due Olsen, says: - With the appointment of Alexander Kara as new CEO of NKT, we have found the right profile to further strengthen our power cable business and to position us even better to benefit from the green energy transformation and the growth opportunities in our markets. Alexander

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Market players continue to grapple with technology issues while finetuning business models March 19, 2019 – Boulder, CO – A new Leaderboard Report from Navigant Researchexamines the strategy and execution of 20 companies developing automated driving systems, with Waymo, GM Cruise, and Ford Autonomous Vehicles ranked as the leading market players. During 2018, several companies began providing revenue-generating automated mobility services, yet the industry also saw the first fatal accident with a developmental automated vehicle, along with multiple crashes involving partially automated vehicles. In 2019, market players continue to grapple with technology issues while finetuning business models, with just a handful of players leading the way. Click to tweet: According to a new Leaderboard report from @NavigantRSRCH, Waymo, GM Cruise, and Ford Autonomous Vehicles are the leading companies developing automated driving systems. “Currently, all automated driving market players have one thing in common: no company is providing commercial services without a human safety operator onboard the vehicle when carrying passengers,” says Sam Abuelsamid, principal research analyst with Navigant Research. “The leading companies, however, are working to develop suitable business models in conjunction with the core technology development, and remain most likely to succeed in commercializing automated driving without squandering enormous investments in R&D.” While

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− Sponsorship of one of the most recognized sporting institutions in California, the leading U.S. state for solar installations, represents great opportunity to strengthen the Q CELLS brand − Deal with the Dodgers expands Q CELLS’ global sports sponsorship network, which includes soccer (RB Leipzig) and golf (Hanwha Q CELLS women’s golf team) sponsorships − Hanwha Q CELLS’ CEO Hee Cheul (Charles) Kim remarked: “We are extremely pleased to be sponsoring one of MLB’s most popular teams, the Los Angeles Dodgers, as part of a multi-year partnership. Our diverse philosophy spreading across more than 40 countries aligns closely with Los Angeles’ own diversity as a city. ” [Irvine, U.S., March 19, 2019] Hanwha Q CELLS America Inc. ("Q CELLS" or “The Company”), the U.S. subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd., has entered a multi-year partnership with U.S. Major League Baseball (MLB) team, the Los Angeles Dodgers. The sponsorship deal with the prominent baseball team will run for several years, during which time Q CELLS will become an active and visible brand at the home of the Dodgers – Dodger Stadium – displaying its company logo on in-field signage during

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