Challenges with Conventional Photovoltaic Systems


Solar panels are set up on rooftops of houses and buildings while solar farm spring up across the continents to absorb sunlight and convert them into electrical energy. Currently, solar panel has long breakeven period of 4 years to 10 years while efficiency is in the range of 8 to 17 percent only. Solar panels tend to have low reliability in harsher environments and this shortens the usable lifespan of solar module. Less reliable solar module produces negative net clean energy which produces more harm than good for the environment.


Some companies attempted to use Low Concentrated Photovoltaic (LCPV) and High Concentration Photovoltaic (HCPV) to overcome these problems However, concentrating sunlight at using both methods produces high temperature on the solar module. In the case of LCPV, the temperature could reach around 150 deg celcius. At this temperature, the solar cell conversion efficiency reduces tremendously (1 deg raise in temperature on solar cell reduces the conversion efficiency by 0.5%). The high temperature also shortens the solar cell lifespan. The high temperature therefore discourages the use of both LCPV and HCPV in the solar industry despite its increased effectiveness. The market is in need of a solar energy solution that achieves the high efficiency despite high temperatures.

Technologies


Solarite increases the solar to electricity conversion efficiency by between 25% to 32% as compared to solar to electricity conversion efficiency of between 8% to 17% by conventional PV and enables a shorter investment breakeven period of 3 years as compared to the existing breakeven period of 4-10 years for conventional PV. Low Concentrated Photovoltaic (LCPV) concentrates sunlight at a concentration ratio of less than 100x using single or dual axis solar tracker with c-silicon or other solar cell.


On 24th May, 2017, the company filed a patent for Solar Module: Solarite – High efficiency Solar Module – Patent No. GB1708275.1.



CONVENTIONAL PV SOLARITE
Conversion Efficiency 8 - 17% 25 - 32%
Investment Break
Even Period
4 - 10 Years 3.5 Years
Short Life Span 7 - 15 Years 20 - 25 Years
 Replace Expensive solar cell with cheaper reflective mirrors
 30x - 55x concentration 300-450 w/panel

How Does Solarite Work?


Heat causes reduction in solar cell conversion efficiency and shortens solar cell life span. Solarite uses hot mirrors to remove infrared ray from the sunlight and allow visible lights to pass through. A vacuum acts as a heat buffer to prevent heat from hitting the solar cell via convection. Solarite uses much lesser solar cell with high reflective mirrors to produce more electricity.





 Design enables use of smaller high efficiency solar cell
 Replace expensive high efficiency solar cells with cheaper lens


Solarite - Patent No. GB1708275.1 converts solar energy to electricity more efficiently and generates 25% more output than conventional solar panels. Solarite have many advantages over conventional solar panels including (but not limited to) lower capital expenditure cost and shorter return on investment period. Solarite enable these possibilities by using concentration technologies that come with the patents and by using higher efficiency solar cells.


*Solarite was named the Top Finalist at the Shell Make The Future Singapore 2018 and Startup of the week by Enrupt - Disrupting Energy.





In conventional standalone non-grid tie SPV System, solar cell account for 57% of the system cost. Solarite uses only small high efficiency solar cell of at least 20% to 24% efficiency and enhance them to 25% - 32% efficiency. Solarite’s patented hot mirrors reduces the number of solar cell modules which takes up 57% of the cost of a LCPV while increasing conversion efficiency. Reducing the carbon footprint and ensures positive net clean energy.

Vision & Mission



Leader in renewable energy generation
Improving life through Renewable energy adoption


Solarite converts solar energy to electricity more efficiently than conventional solar panels by using concentration technologies. Solarite has the advantages of lower capital expenditure cost and shorter return on investment.

Proof of Power


A new blockchain concept: Proof-of-Power


Solarite blockchain employs the Proof-of-Power (PoP) concept. Eight Solarite panels make up one Solarite Masternode. Stakeholders stake their coins on Solarite Masternodes which performs transactions and verifications. The higher the amount of coins stake on Solarite Masternode, the higher the authority stakeholders have in winning a transaction verifications.


Solarite Blockchain will be based on the first Solarite Solar Farm that the company builds. Subsequent solar farms and installation that builds with Solarite Technologies leverage on Solarite Blockchain for transaction verification creating massive use case for Solarite utility tokens. The Proof-of-Power (PoP) concept uses much lesser amount of electricity to mine Solarite TAPP Tokens. The excess electricity generated by Solarite’s Solar Farm will be sold back to the grid and generate value for token holders.

Token Ecosystem


The Solarite Platform is the Ecosystem that enables interoperability, by way of pre-purchased tokens, between the following 4 groups of market players:



TAPP Marketplace


Solar farms will be built and managed by Solarite. They will be supplying electricity transmission directly or through a network of retailers in exchange for the receipt of TAPP Coins. They will also facilitate trading liquidity on exchanges by supplying TAPP Coins with supporting cryptocurrencies such as Bitcoin.

Consumers


This group consists of the day-to-day electricity consumers who wish to purchase the electricity generated by Solarite’s farms and attain cost savings in the electricity bills through Solarite’s breakthrough solar energy solutions.

Solarite Coin Holders


This group consists of crypto-savvy consumers who stake their coins with Solarite.

Resellers


Third party resellers of Solarite’s electricity supply who can bypass potential transmission hurdles between Solarite and end consumers due to geographical or regulatory factors.

Roadmap




  • 2018 Q1

    Private Placements,
    Prototype Development,
    Tokens Issued

  • 2018 Q2

    Equity Fund Raising Events Round A

  • 2018 Q3

    Token Sale,
    Prototype Testing

  • 2018 Q4

    Research and Development on PoP

  • 2019 Q2

    Mass Production of Solarite Panels,
    Integration of PoP with Solarite

  • 2019 Q3

    Building of first Solar Farm (1st)

  • 2019 Q4

    Token Swap and PoP rollout

  • 2020 Q2

    Building of Subsequent Solar Farms (2nd)

  • 2021 Q2

    Building of Subsequent Solar Farms (3rd)

  • 2021 Q4

    Equity Fund Raising Event Round B

The Solarite Team





Terrence Ong

CEO, Founder



Julie Ong

Finance/HR, Co-founder



Andy Ang

BD and Technical Director



Jovan Chiew

Head of Security Software Technology



Chau Tran

Head of Advance Automation and Robotics



Calvin Ong

Business Development Manager



Hal Bame

Advisor



Christopher Low

Advisor



Kineret Karin

Advisor



Yoav Elgrichi

Advisor

Partners & Accelerator Program




Shell


A*STAR


Red Dot Power Pte Ltd


ImpacTech


Startup-O


Schweiger & Partners

Cryptocurrency



TAPP COIN


The Solarite Platform provides a transparent governance framework that allows the Ecosystem to seamlessly interface with energy markets around the globe, bringing innovation and a wide range of network benefits to consumers and enabling all 4 groups of market players with market power in any transactive arrangement.


This approach also means the Ecosystem is adaptable and scalable for applications within any existing or future regulatory environment, achieving the dynamic agility required to adapt to any number of regulatory structures. The market flexibility of the Ecosystem is facilitated by deployment of a dual- token ecosystem (TappCoin and TappNova).


TappCoin tokens will initially be built on the ERC20 standard on the Ethereum Blockchain before the development of the Proof-of-Power blockchain. Upon the development of Proof of Power consensus algorithm for its blockchain, Solarite will conduct a token swap for all existing TAPP coin holders.


TappCoin tokens are issued against escrowed (USD Reserved) TappNova tokens, via a Smart Bond, and TappNova tokens used by the Producers and Prosumers to onboard its customers.


TappNova is pegged to the US dollar to ensure stability and only used within a closed loop system for settlement between TAPP Marketplace and its retailers.

Participate


Token Sale



TOKEN NAME TAPP Tokens (TAPP)
Token Type ERC20
Token Supply 560,000,000 TAPP Tokens
Tokens for Sale 336,000,000 TAPP Tokens
Currency Accepted ETH / USD
Pre-Sale Dates 2018 Q3
Pre-Sale Bonus 15%
Sale Dates 2018 Q3
Sale Rates 1 TAPP = USD$0.0859

To incentivise the team, Solarite will be keeping 40% of all TAPP Tokens generated, or a maximum of 224,000,000 TAPP Tokens, whichever is lower, generated at the end of the Token Generation Event (TGE).


Tokens not sold in the sale pool will be burnt. The total supply will be capped at 560,000,000 TAPP Tokens after the token sale. TAPP will not be minable until the proof of power private blockchain is live, of which we will be perform a token swap for all TAPP Token holders.


Participation in the Public Sale shall be limited to natural persons, and each wallet which has been cleared pursuant to Know-Your-Customer (KYC) checks. KYC checks include proof of identity and residence.

Usage of Funds


Majority of the proceeds will be used for the building of a utility scale solar farm for the proof of power concept. Equipped with smart meters and micro grid infrastructure leveraging on blockchain technology.


Solarite proprietary Proof of Power blockchain will be developed as we raise the funds from this TGE, once this private blockchain is live, we will be conducting a token swap for all TAPP Token holders to convert their ERC20 token to the Proof of Power blockchain.




Contact Us





3 Gambas Crescent, Nordcom One, #08-01,

Singapore 757088

View on Google Maps



investors@solarite-technology.com






Terrence Ong

CEO, Founder

Inventor, Serial Entrepreneur, Founder of 7 Corporation PL, Laser Logic International PL, Alpha Digital (Holdings) PL, TAPP (Holdings) Pte. Ltd. & Solarite Ltd.
Diploma in Mechanical & Manufacturing Technology
Diploma in Business Administration



 LinkedIn

Julie Ong

Finance/HR, Co-founder

Her background is business management , Julie has many years of experience in production planning in the semiconductor and disk drive industry.


A serial entrepreneur for more than 15 years . Her expertise is in the area of chemical and ultra violet related products mainly in the optical media industry.


She also co-founded 7 Corporation Pte Ltd , Alpha Digital Holdings , Laser Logic (International) PL & Solarite Ltd.



 LinkedIn

Andy Ang

Business Development and Technical Director in PV Utilities Scale

20 years of industry experience in Solar PV, Solar powered products
On grid /off grid systems and Design, calculation, integration, engineering, commissioning and maintenance of PV systems.



 LinkedIn

Joven Chiew

Head of Security Software Technology

CTO - Triumph-Secure Singapore Pte. Ltd.
20 year IT/Security Expertise



 LinkedIn

Chau Tran

Head of Advance Automation and Robotics

Over 25 years in semiconductor industry and High Tech related.
Positions in the industry
VP of Service at Global equipment services
President at Vector Fab
GM-Vietnam at AG
VP of Business Development.



 LinkedIn

Calvin Ong

Business Development

Co-Founder - 7 Corporation Pte. Ltd.
15 years in Industrial Sales & 12 years in Civil Engineering
Diploma In Civil Engineering



 LinkedIn

Hal Bame

Advisor

Hal has over 15 yrs of games and digital experience, having lived and worked across the globe.  Hal is a co-founder with iProdoos and SmartChain Media, a new Blockchain-based streaming video platform and advises several US & Asia-based companies incorporating Blockchain technology.  He previously held senior management roles for Sony (PlayStation), expanding / managing the business in Eastern Europe and Codemasters, overseeing international / emerging markets, managing and expanding game franchises such as Formula One. Hal also worked with ESL (the world’s leading esports company), as Managing Director for Southeast Asia, Hong Kong, Taiwan and Macau, as well as co-founder for Nemesis, a casual games esports platform, focusing on Southeast Asia and other emerging markets.



 LinkedIn

Chris Low

Advisor

A seasoned technoprenuer. Was successful in Pendulab his first start-up of a web based collaboration solution, that became part of acquisition of a leading private equity firm in US. Had built incredible sales enterprise garnering worldwide customers, many being clientele in the Fortune 500. Founder of Viwawa, a SE Asia largest multiplayer game platform and SoftPay Mobile the largest Mobile Point of Sales company in Vietnam. Currently , serving as Global Head of Sales and Business Dev. Director of MC Payment , SE Asia leading fintech company.



 LinkedIn

Kineret Karin

Advisor

She is a serial entrepreneur who successfully founded, managed and sold a company to Rocket Internet. She has over 20 years of business and leadership experience in database analysis, market research and big data. She is a reputable global thought leader in the social tech domain and holds an MA in Statistics.



 LinkedIn

Yoav Elgrichi

Advisor

He is a serial entrepreneur that successfully built and sold several companies, among his achievements, selling his startup  to Rocket Internet and plays a key role in listing a company in the SGX. A mentor  at  the Singapore  Management University,  inventor of patents in the NFC and wearable devices domains.  Yoav holds an MBA.



 LinkedIn

Shell

Shell is looking to mentor energy start-ups that have actionable ideas, technologies and innovations. Shell #IdeaRefinery, a programme by Shell, ImpacTech and NUS Enterprise, is a 20-week accelerator programme focused on developing early stage energy-related startups into full-fledged startups that can raise capital and scale into successful businesses.

A * Star

A*STAR's Institute of Materials Research and Engineering (IMRE) is a research institute with a unique combination of R&D capabilities, commercial partnerships and strategic alliances. Comprehensive materials-related solutions for global and local partners are developed here at IMRE. IMRE has the expertise in materials research and engineering, ranging from consultancy and testing services to joint research and development programmes, to serve the diverse needs of industry.

Red Dot Power Pte Ltd

Red Dot Power Pte Ltd (RDP) is a homegrown Singapore energy solutions provider. A pioneer and leading player in the National Electricity Market of Singapore (NEMS), Red Dot Power has been at the forefront of the electricity retail scene since the entry of independent electricity retailers. Primarily offering electricity retail services, we also offer Demand Management and Interruptible Load solutions, efficient grid and off-grid options, storage applications, urban energy solutions and solar projects.

ImpacTech

ImpacTech is a business consulting company that empowers impact driven technology companies and startups by offering customized acceleration programs and unique practical workshops. The company’s HQ is in Singapore and is operating in Thailand and Japan. In 2018 ImpacTech will expand to other countries in Asia.

Startup-O

Startup-O is a Singapore-based platform that curates promising startups from any location and provides them with Strategic Seed Capital & connects with Global Experts fast. The platform is created by entrepreneurs for entrepreneurs who believe in going the extra mile. Startup-O works in collaboration with Javelin Wealth Management & IP Bridge.


Solarite is selected into the cohort among 660 startups submission from 32 countries in Startup-O ‘Fasttrack’ Season 5.

Schweiger & Partners

Schweiger & Partners focuses on Intellectual Property and on related commercial law matters in Europe and in Asia. The firm specialised in the area of Intellectual Property or a patent or trademark department of a larger company. Singapore and Munich are the gateway to our IP services in Europe, fostering our business and networks in Asia and the Americas.