PROJECT UPDATE May 2018

In this edition, we will provide an update on the Aurora project development progress as well as updates on SolarReserve's world wide developments and our work within the community.

PROJECT DEVELOPMENT Financing for the Aurora Solar Energy Project is progressing well, along with selection of a general Engineering, Procurement and Construction (EPC) contractor. Once these activities are completed, construction will commence later in 2018. Interested suppliers should continue to express their interest through the supplier portal . READ MORE We are continuing to collect supplier and job seeker interest via the ICN Portal and Port Augusta Field Office. Community hours are posted on Facebook weekly. Alternatively, please feel free to arrange a time to meet with the team by emailing aurora@solarreserve.com

COME AND HEAR MORE UPCOMING SPEAKING ENGAGEMENTS Clean Energy Council Large Scale Industry Forum On Tuesday 15th May at 3:30pm, come hear Antione Le Ray, Development Manager, SolarReserve present on SolarReserve's world leading ThermaVault technology. Brisbane Convention Centre, Brisbane, Qld  Australian Energy Storage Conference and Exhibition On Wednesday 23rd May at 11:30am, come hear Grant Alderson, Development Manager, SolarReserve talk with industry leaders on how South Australia is powering forward with large-scale energy storage. Adelaide Convention Centre, Adelaide, SA

SOLARRESERVE SIGNS POWER PURCHASE AGREEMENT SOLAR THERMAL PROJECT IN SOUTH AFRICA As part of the South African Department of Energy's Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), a consortium led by SolarReserve and International Company for Power and Water (ACWA Power) have signed a  20-year power purchase agreement with Eskom, South Africa's public electric utility company, for the Redstone Solar Thermal Power Project. The 100-megawatt power station with 12 hours of energy storage will be able to reliably deliver a stable supply of clean electricity to the equivalent of more than 200,000 South African homes each year.  READ MORE

COMMUNITY UPDATE SUPPORTING THE LOCAL COMMUNITY Along with working with future renewable energy leaders at Stirling North Primary School our SolarReserve team have been hard at work supporting the local community and events including Beyond Bank Road Raise fundraising, The 90th RFDS Ball and becoming platinum sponsors of the West Augusta Football Club. READ MORE

FREQUENTLY ASKED QUESTIONS HOW DOES THE TECHNOLOGY WORK? The technology uses dual-axis tracking mirrors, called heliostats, that follow the sun throughout the day and reflect and concentrate sunlight onto a large heat exchanger called a receiver that sits atop a central tower. Within the receiver, molten salt flows through piping that forms the external walls, absorbing the heat from the concentrated sunlight.  The molten salt is heated from 288⁰C (550⁰F) to 566⁰C (1050⁰F). After passing through the receiver, the high-temperature molten salt flows down piping inside the tower and into an insulated thermal storage tank, where the energy is stored until electricity is needed. When electricity is required, day or night, the high-temperature molten salt is passed through a steam generation system to produce high-quality superheated steam to drive a standard steam turbine at maximum efficiency, generating electricity. The steam generation process is identical to the process used in conventional gas, coal or nuclear power plants.

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