Solar and Warehousing Patrick Sahradnik - Hall’s Warehouse Corp Stephen Tobey - enXco The Hall’s Companies A Fully Integrated Transportation and Warehousing Company

• Hall’s Fast Motor Freight, Inc. • Hall’s Warehouse Corp. • Hall’s Logistics Corp. enXco overview

• enXco develops, builds, owns and operates renewable energy projects in the US, Canada, and Mexico • >20 years of experience and 730+ employees • 47 renewable projects in 15 states • > 1 GW installed capacity – 65 MW of solar capacity in US & Canada • Subsidiary of EDF Energies Nouvelles – billion $ renewables enterprise active in 13 countries – 450 MW solar projects in service or under construction Hall’s Photovoltaic Systems

Halls Photovoltaic System Produces: 1.4 MW’s from 601 & Oak Tree

enXco’s Photovoltaic System Produces: 1.8 MW’s from 501 & 601

Total Solar Cells: 30,282 Panels and Laminates

Annually Offset 2,250 tons of CO2 From the Environment Solar Installations

• 601 Kentile Completed 3/9/2007

• 3,912 Schott Solar Panels

• Total Production to Date: 3,130,642 kWh

• 330 Oak Tree Completed 6/8/2007

• 3,996 Schott Solar Panels

• Total Production to Date: 3,019,423 kWh

• 15-18% Conversion Efficiency How a PV System Works Online Monitoring

• Allows for Real Time Viewing of Production • Will send Alerts for any Faults or Problems that may Occur from the Inverters or PV System First Solar Panels First Solar Panels

• Fixed Tilt Solar Array

• Cdte Thin Film Photovoltaic Panels

• 10.5-13% Conversion Efficiency

• Produce More Electricity with Less Light

• Weighs Much Less then Silicon Panels

www.csemag.com/articles/images/CSE/20070522

• 1.5 MW from 20,184 Panels

• Avoided CO2 = 1,055.63 tons/yr Uni-Solar Laminates Uni-Solar Laminates

• Triple-Junction Thin-Film Amorphous Silicon Panels

• More Efficient at Higher Panel Temperatures

• 300 times Thinner Then Regular Solar Cells

• Extremely High Energy Absorption in Low Light Conditions

• Bypass Diodes Allow Power Production if Partially Shaded

• Flexible Design Allows for Placement at any Angle or on any Material

• 0.3 MW from 2,190 Panels

• Avoided CO2 = 214.29 tons/yr Cylindrical Modules Cylindrical Modules

• Capture Sunlight from 360 Degrees

• Flexible Installation Requirements

• Ease of Installation

• CIGS Based PV Cell

• Does Not Need to be Angled Toward the Sun

www.solyndra.com/Products/More-Electricity • Captures More Hours of Sun Light

• 12-14% Conversion Efficiency

• Weighs Less Then Thin Panels

• 30 kWh Test Installation Emissions Offset

• 9,904,829 kWh’s Saved 601 & Oak Tree Total Solar Production 200,000

175,000 • 7,544 Tons of CO2

150,000 • 1,459 Acres of Pines 125,000

100,000

kWh's • 767,291 Gallons of Gas 75,000

50,000 • 1,342 Passenger

25,000 Vehicles

0 • 18,008,320 Vehicle Miles Traveled

• Consumed 15,646,227 kWh’s in the last 12 • Enough Gas to make 38 months Round Trips to the Moon

• 22.7% of the Electricity Consumed was from Solar Future Solar Additions

• 200 Foothill Road, Bridgewater NJ • 350 – 720 kWh installation • Solyndra Tubes or Kyocera Panels • PPA

• 330 Oak Tree Road, South Plainfield NJ • 250 – 500 kWh installation • Suntech Panels or First Solar Panels • Purchased Why Solar?

• Reduce your electricity cost by 10-20% • Lock in future rates, providing a safeguard against volatile costs • Peak generation during high demand • Positive statement regarding your commitment to sustainability • Potentially have new roof installed at no cost • Scalable, flexible, low-impact technology PPA vs. Direct Ownership

Power Purchase Agreement Direct Sale • No cost: enXco builds, owns • enXco designs and builds and operates • Client purchases and is • Client agrees to buy responsible for financing electricity • Ability to reduce tax • Save 10-20% on electricity liabilities • Long-term hedge against • Potential upside for SRECs rising energy prices • Simplicity: enXco manages project from cradle to grave PPA Structure Diagram

permits, incentives government entities debt/equity financial institutions supply electricity contracts module client producers service PPA rate construction, contracts engineering firms ongoing support O&M, asset management SREC monetization SREC market enXco’s Action Plan Is Solar Right for You?

• Location (Weather & Geography) • Roof Integrity • Electricity Costs (State Dependant) • Buildings kWh Consumption • SREC Pricing (State Dependant) • State/Federal Incentives • Long Term Building Intentions Solar Incentives

• No Sales Tax • No Increases in Property Taxes • 30% Federal tax Credit • State Rebate - $ per kWh Installed • PSE&G Solar Loan Program • Power Purchasing Agreement Electricity Pricing

http://www.electricchoice.com/electricity-prices-by-state.php Hedging Electricity Costs

• PPA’s allow Energy Intensive Company’s to Lock in a Percentage of their Total Consumption at a guaranteed rate.

• Both PPA’s and Solar Systems act as a hedge against future price increases and volatility.

Total Energy Consumption 2,300,000

2,100,000

1,900,000

1,700,000

1,500,000 kWh's 1,300,000

1,100,000

900,000

kWh's Purchased Purchased + Solar SREC Pricing

NJ SREC Pricing $650.00

$600.00

$550.00

$500.00

$450.00

$400.00

$350.00

$300.00

$250.00

$200.00

$150.00 Building Modifications

• Will Need to Allow easy Access to your Roof for Maintenance and Inspections

• Proper Roof Supports will be Needed to meet State Building Requirements

• Proper Location and Ventilation of Inverter Rooms is Necessary to Safeguard against Premature Equipment Failures Roof Obstructions

• Refrigeration piping, AC units, skylights, and conduit can all decrease the amount of available roof space. • Surrounding Towers, Trees, and other buildings can all cast a shadow over your system. EPDM Roof Leaks

• Most Panels and Racking will not Damage an EPDM roof, but on Occasion Rips and Punctures can occur. Solar Damage A Sound Investment

• There are many Variables that need to be Answered Before Anyone can Justify the Large Capital and Real Estate Investment it takes to Install a Solar System on a Warehouse.