cleancool2010_meettheukcleantechcompanies_finalfeb23

WELCOME

AMEEGavin Starks

1

...EVERY BALANCE SHEET IN THE WORLD HAS A LIABILITY...IT'S ABOUT TO BE PRICED...

2

Neutral data-servicesValue-added services

Get the price right

kgCO2,N20,CH4,Coke,Siderite...

3

Neutral data services- Aggregated “carbon” standards (GHG protocol, LCA, Supply Chain, ISO, CDP, etc)- Strong quality control (as/more accurate than the source)- Standardised technical integration (the home of “computable standards”)- Technology ready today, and scaling

Value-added services- Provides a full audit trail- Aggregates the inputs (activity and consumption data)- Benchmarking, analytics- High confidentiality, data security network: addresses supply-chain

AMEE - the “Navteq” of environmental standards

4

Pat BurtisAmadeus Capital Partners

Albert WengerUnion Square Ventures

Mark Jacobsen O'Reilly Alphatech Ventures

Angel investorsGeorge Coehlo Alex Clode Afshin Rabbani The Accelerator Group (Good Energies) (Bloomberg) (Princeton/Mphasis) (Saul/Robin Klein)

Investment: $Xm (Oct 2008) $5.5m (Jan 2010)

Toby Coppel Non-executive Director

Gavin StarksFounder, CEO

Andrew ConwayFounder, CSO

5

AMEE A partner, not a competitor,to the whole market

CA Enviance

Carbonetworks

SAS

Cintellate

Green Oak Solutions

Tradeslot

ForesiteSystems

Carbon Hub

Perillon

Grenstone

Carbon Hub

Process MAP

PE International

Camco

Carbon Hub

IHS

EnablonHara

ESS

SAP

VerteegoIntelex

ENTREPRENEURS SPECIALISTS

CHALLENGERS LEADERS

MOMENTUM

CAP

ABIL

ITIE

S

Client

6

Energy and Emissions Management

Enables SAS' customers to reduce complexity, risk and time associated with energy and emission modeling.

Solution goes beyond basic inventories by modeling activities, processes and economic impact of operations.

Accurate analysis of emissions can lead to better programs for managing and reducing them.

"Leveraging AMEE's emissions and energy information, SAS provides one-touch access to the latest information available" Jonathan Hornby, SAS' Global Marketing Director Performance Management.

9

[email protected]@agentGav

+44 (0) 7931 387 769

Gavin Starks, CEO

mailto:[email protected]

Aquamarine PowerMartin McAdam

MAKING MARINE RENEWABLE ENERGY MAINSTREAMMARTIN McADAM, CHIEF EXECUTIVE OFFICER, AQUAMARINE POWER

Aquamarine Power is a technology company thathas developed a product called Oyster whichproduces electricity from ocean wave energy.

WHY WAVE ENERGY?

• Vast resource: wave power could produce up to80,000TWh/year (five times global electricityconsumption)

• Less intermittent, more predictable resource:wave out of phase - much more predictable thanwind

• As the renewable energy mix diversifies, issuesof intermittency and stability are reduced

GLOBAL MARKET SIZE

• $190bn - global Oystermarket

• 45GW - global Oysterresource

• 8GW - UK/Irish Oysterresource

MARTIN MCADAMCHIEF EXECUTIVE OFFICER

MATTHIAS HAAGCHIEF OPERATING OFFICER

RICHARD ROUNDCHIEF FINANCE OFFICER

> 30yrs financial/operationalexperience in renewables, oil &gas, coal and mining sectors

> Proven track record of raisingfinance and operating indeveloping internationalmarkets

> Formerly of Novera Energy Plc,one of UK’s leading renewableenergy generators

> Track record in offshore oil,gas and wind industry

> Former general manager forShell wind energy projects ona global basis

> Project managed North SeaDutch Offshore Windpark

> Track record in buildingsuccessful large-scalerenewable businesses

> Founder of Airtricity’s NorthAmerican operations, sold toE.On in 2007 for $1.2bn

> Proven leadership skills

SENIOR MANAGEMENT TEAM

• Accessible – generation equipment is onshore – accessible 24/7

• Reliable – conventional hydro-electric power station – proven, reliable

• Survivability – no “survival mode”, naturally ducks under extreme wavesand keeps generating

• High capture factor – uniform wave direction, amplified surge forces

• Economies of scale – one generator, multiple flaps & low costfabrication

• Low weight to power ratio - compared to alternatives, including offshorewind

OYSTERKEY BENEFITS

OYSTERPROJECT MILESTONES

• Oyster 1 Project – 315kW demonstrator successfully installed and grid-connected at European Marine Energy Centre (EMEC) in Orkney,October 2009

• Oyster 2 Project – 2.5MW device - on schedule for 2011

• Oyster 3 Project – 10MW development on track– commissioning 2012-13

• $8m grant funding from UK government in 2010 for Oyster 2

• Expected lease for first 200MW wave farm site – Q1 2010

OYSTER ECONOMICS – REDUCED COST OF POWER

> Programme of site developmentactivities will create fully consentedsites from 2012

> Consented sites will provide pull-through for Oyster sales andgenerate revenue through sale of siteto JV partner

> Projected revenue from sale of sites£11m in 2012 and £15m in 2013

> Further income stream generatedthrough commercial sitedevelopment consultancy services

INCOME STREAMS

MARTIN MCADAMCHIEF EXECUTIVE OFFICER

AQUAMARINE POWER10 ST ANDREW SQUAREEDINBURGHEH2 2AFUNITED KINGDOM

Tel: +44 131 718 6611Fax: +44 131 718 6100Mobile: +44 7590 350100Email: [email protected]: www.aquamarinepower.com

Artemis IntelligentPower LtdDr Niall Caldwell

“Leading hydraulic power into the digital age”

Dr Niall CaldwellDirector & Senior Engineer

Hydraulic power

Poor energy efficiency

High-frequency noise

Difficult to computer control

Compact and powerful

Tolerance to shock and harsh environments

Continuous control - no gearshifts

Low cost vs. electric drives

Blocks application to bigger markets

Keeps hydraulics in a shrinking niche

Hydraulic power… for the digital age

Very high power and torque in a compact package

Tolerance to shock and harsh environments

Continuous control - no gearshifts

Low cost vs. electric drives

Disruptive to existing market

Unlocks new markets No high-frequency noise

Efficiency as good as electric motors

Digital control built-in

Digital Displacement®

Controlled by ultra-fast digital valves

Robust simple mechanism

Direct digital control

Edinburgh, Scotland

25 employees; 5 Phds

Sparked by research on wave power atUniversity of Edinburgh

Licensing business model

Supporting licensees from concept to product

PatentsGranted: 19 patents (8 families)Applications: 33 new families

Innovator of the Year

2004

2005

2006

2007

2008

2009

2010

Our journey…

…to the BIGchallenge

On-road hydraulic hybrids• Series hybrid with regen braking• Proven to use less than half the fuel in the urban cycle• Proven to have no high-frequency noise• Promises much lower cost than equivalent electric hybrid…making hybrids an economic choice, not a lifestyle choice• Also applicable to heavy vehicles

200kW

Off-road work vehicles• Claims validated by licensee in their labs• Proven fuel consumption reduction of 30% in a vehicle demonstrator• Artemis now supporting a product development team in Germany

50kW

…scaling up

Lowering the cost of wind power

Gearbox• Heavy• Unreliable• Expensive

Powerelectronics

Our solution

A Digital Displacement® Wind Turbine Transmission

Half the weight

Half the cost

Syncronous generation

On-board energy storage

Servicable design

Synchronous generators

Digital Displacement ®

motors (high speed)

Digital Displacement ®

pump (low speed)

Next step:

Let’s prove it!

3 Edgefield Industrial Estate

Loanhead

Midlothian

EH20 9TB

+44 131 516 8606

Fax +44 131 516 8608

[email protected]

www.artemisip.com

Breathing Buildings LtdShaun Fitzgerald

Copyright 2010 – not to be distributed or shared with 3rd parties without prior permission of Breathing Buildings

Shaun FitzgeraldManaging Director


• Consumes about 50% ofenergy produced (transport25% and industry 25%)

• Nearly 50% of CO2

emissions in the UK arecaused by building,maintaining and occupyingbuildings

• Improvement in buildingefficiency key to meetingCO2 targets (White Paper2003)

Source: Foster and Partners

The built environment


Building energy use

Naturally ventilated buildings preferredowing to lower energy usage but …

Drafts in winterleads to inadequateventilation

Too hot in summer!

Wasted energy inwinter!


Cold Air In Needs Preheating

Need to ensure sufficient hot air out to keepmaximum temperature to 26C

Conventional displacement ventilation


Mix incoming cold air with hot classroom airAir into classroom pre-heated by heat gains in spaceRemoves requirement for pre-heating with radiators

Mixingventilationwhen outsideT <18C

e-stack winter ventilation

Cold fresh air

University of Cambridgepatent pending

Hot CO2 rich air


Cross flow ventilation helps provide fresh airand cooling to all of classroom

displacement ventilationwhen outside T >18C

e-stack summer day ventilationFan-assisted on hottestdays


Energy comparisons

0

1

2

3

4

5

6

7

8

9

-5 0 5 10 15 20

Ext T

Heati

ng

En

erg

y(k

W)


e-stack ventilation


e-stack ventilation

Ext T

During classroom occupation, heating loadsConventional ventilation ~ 80-90 kWh/m2/yrE-stack ventilation ~ 5-10kWh/m2/yr

Heating energy savings 70-85 kWh/m2/yr, reducingtotal consumption from 135 to 50-65 kWh/m2/yr


TechnologyA controlled ventilationsystem comprising …

• Proprietary stack with integralfans and actuated damper

• Controller

• Temp + CO2 sensors


Awards

0

200

400

600

800

1000

1200

1400

08/10/2006 00:00 10/10/2006 00:00 12/10/2006 00:00 14/10/2006 00:00 16/10/2006 00:00 18/10/2006 00:00 20/10/2006 00:00

CO2a

Rushlight Energy Minimisation Award 2009 – Winner

iawards Places to Live and Work 2009 – Winner

Interbuild BSF Best M&E Innovation of the Year 2009 – Winner

Cambridge Evening News Business Excellence Awards 2009, Innovation – Winner

EEEGR Innovation Awards 2008 – Winner

EEEGR Low Carbon Award 2008 – Winner

Euromoney and Ernst & Young Global Renewable Energy Awards 2008, MostEnterprising New Market Entrant – Winner

Carbon Trust funded multi-e-stack project at Unity College 2006-2008


Monkseaton,Newcastle

Diverse Energy LtdDr Alastair Livesey

Powering telecomsin growth markets

Confidential

Dr. Alastair Livesey

Current off-grid power solution

41Confidential

Twin 12kW diesel generators and fuel tank

Inefficient

High maintenance

Frequent Replacement

Polluting

Open to theft

135,000 off-grid towers p.a.

$12,000,000,000 per annum

Growing at 12% per annum

42

The PowerCube®

Green, Low-cost, Off-grid Solution

Self-contained: easy installation

Patented Cracker creates Hydrogenfrom Ammonia: 80% CO2 reduction

Fuel Cells = Zero emissions

High Efficiency = lower cost

High reliability: in-built redundancy

Remote monitoring & control

Trialed by Motorola

Confidential

Business Model & Partners

Current Power Solution

43

• Expensive • Polluting • High Theft

Diesel Fuel

Supplier

Diesel

Generator

Local Installer

& maintenance+ +

Complete Power Solution

+ +Pre-existing fuel

Infrastructure

Self-contained

PowerCube®

• 2 yr pay-back • 80% less CO2

Commercial Summary

Customer Validation

Trialed by Motorola

Engagement with Corporate Marketing

$2.5M Sales Pipeline

Key account engagement with:

Motorola

Orange

Vodafone

Etisalat

Strategic Partnerships

Delivery partners Linde Group/ Afrox

44

45

Management Team

Trevor Clarke – Executive Chairman

MD of PCL Group plc, leading IT solutions provider, with 750 staff

Sold in 1997; MBO and trade sale (twice); Angel investor in Diverse Energy

Dr. Alastair K. Livesey – Operations Director

20 years energy experience; 12 yrs with Shell; Set up Shell Hydrogen

Serial Intrapreneur; ECD; batteries, H2 storage; $385M PV expansion

Rob Priest – Development Director

Chief mechanic for Gulf Racing – won sports car championship F1-GTR 1996

10 years experience building over 20 clean power systems; CEO AFS Ltd.

Ron Hodkinson – Chief Scientist

30 yrs experience; electric vehicles, fuel cells and power supplies for telecoms

Inventor of the Ammonia cracker; efficient DC:DC converters; CEO FCC Ltd.

Paul Young – Angel Investor – Non-Exec Director - Co-founder of Celtel

34 yrs experience cellular radio; Celltel pioneered mobile in emerging markets

Confidential

Investment & Summary

46

Grants & Awards• $1,250,000 grants secured

• Winner UK Innovation Award

• Supported by the Carbon Trust

Required Investment• $4.0M: customer evaluation sales

• Sales & marketing infrastructure

• Scale assembly capacity

Outcome• Profitable in 18 months

• $24M profit; $62M Sales; Yr 3

Profitable in 18 months

Excellent ROI in 3 yrs

Strong management team

High growth, high value market

• Beachhead prioritized & identified

Delivery partnerships in place

Technology validated by blue chip

Strong market engagement;

• Full sales pipeline

DIY KyotoRichard Woods

Evince Technology LtdGareth Taylor

Diamond Based PowerElectronics Made Real

Gareth Taylor, CEO

Strictly Commercial In Confidence - Evince Technology Limited © 2010

Evince Overview

• Founded 2005, developmentwork started 2008

• Technology origins from NRLand MIT Lincoln Labs

• Went public with technology inOctober 2009

• Early stage industrialengagement with ABB, Rolls-Royce, Converteam and Dynex


Evince Devices Will Replace the SiliconPower Transistors in All 1MW+Applications

• Every $ spent on Si requires $35 of additional hardware

• Typical losses per device at full load 7.5kW

JUST 1µs AHEAD OFDISASTER!


The 1MW+ Power Control Market

• $3b+ device market drivinga $50b+ applicationsmarket

• Includes: power generation,smart grids, marine drivesand rail traction

• Additional $10b deviceopportunity replacingmechanical alternatives


Why Diamond?

Diamond is the UltimateSemiconductor Material


The Evince Solution

An electron device unique to diamond that is inherently:

• High voltage (10’s kV)

• High temperature (400ºC+)

• High frequency (100’s kHz switching speed)

Diamond switchestriggered by external

electron beams

Vacuum cold cathodesbased on carbon nano-

tube emitters

e- e- e- e- e- e-

Anode

Cathode

Gate

e- e- e- e- e- e-

Cathode

Anode

Gate

A vacuum analogous but totallysolid-state electron device


e- e- e-

e- e- e-

1Pattern a metal catalyston a diamond surface

2Heat diamond in reducinggas to drill field intensifyingsurface features

3Metallise resulting holesand back contact tomake a Diode

4Embed a conductive layerto create a control grid toyield a Switch

3 Times Simpler to Make ThanA Silicon Device


Evince’s 15kV Device TechnologyHalves the Cost of Power Control

• Capital cost of a typical 5MW main drive system reduced from$1.5m to <$0.75m

• Annual savings of >$100k per loco through increasedefficiency

• 50 tonne weight saving due to transformer elimination

15kV, 5MW

“What we [Alstom] need is a 15,000V, 200A device. Deliver this andyou will achieve $1.5bn device sales to our sector [traction] alone”

Michel Mermet-Guyennet, Alstom Transport, ECPE SiCWorkshop, Copenhagen, 6-7 Sept 2007


Product Development Roadmap

Diode proof of concept

Diode refinement

EFETDevelopment

Trial devicedevelopment

Pilot device scale up

First pilot devices delivered

10kV, 25A EFET

15kV, 150A, pre-production diode &EFET

10kV, 5mA diode✔

7kV, 50A raw die fast recovery diode pilot product launch

10kV, 5A Fast Recovery Diode

Feb ‘09 Jul ‘09 Jan ‘10 Jul ‘10 Jan ‘11 Jan ‘12Jul ‘11 Jul ’12

PH

AS

E1

PH

AS

E2

PH

AS

E3


First Product - Fast RecoveryDiode for Si IGBT’s

• Precedent set bySiC Schottkydiode (1.8kVmax.)

• Gap in 2kV -6.5kV IGBTmarket

• Generates ~10%system costsavings

• $30m - $60mimmediatepotential

• Product launch Q12011

Si IGBTdie

Si Fastrecoverydiode die

Si IGBTdie

SiCSchottkydiode die


Management Team

• Dr Gareth Taylor - CEO

• 20 years experience in blue chipstrategic technology and energytechnology consultancy

• Dr Neil Loxley - Chairman

• Proven operational experience intechnology markets

• Successfully taken technology start-upto UK main list plc

• Tony Lakin - NED

• R&D Director TurboPowerSystems plc

• 35 years experience of powerelectronics applications


Financial Forecasts

2015: net profit of $34m on$90m revenues

2015: net profit of $34m on$90m revenues


Funding Requirement

• $0.8m - Seed funding (May 2008)

• Low Carbon Seed Fund, Imperial Innovations and NorthStar

• $500k - Interim (Now)

• Demonstrate technology vectors, identify early market champions

• $2.5m - Follow-on (Q4 2010)

• Develop device family, refine manufacturing process & make firstproduct

• $7.5m - Series A (Q1 2012)

• Take IP to pilot manufacture, develop application partners

• $16m - Series B (Q4 2013)

• Scale up manufacture of devices, or exit before this round

Smart Grids - You’ve StillGot To Move the Power

EVO Electric LtdMichael Lamperth

© 2009 EVO Electric Ltd

Eur Eng Dr Michael LampérthFounder / Chief Technology Officer

© 2009 EVO Electric Ltd© 2009 EVO Electric Ltd

Disclaimer

• This Presentation has been prepared by EVO Electric Ltd solely for information purposes andnothing in it constitutes an offer to buy or sell any securities (whether of EVO Electric or any otherentity), participate in any transaction or adopt any investment strategy.

• This Presentation is not for publication or distribution in the United States of America or to any USperson within the meaning of Regulation S under the US Securities Act of 1933, as amended (the"US Securities Act") unless such US person is an "accredited investor" within the meaning ofRegulation D under the US Securities Act. Each US person recipient of this Presentation herebyconfirms that is an accredited investor and has not been the subject of any general solicitation oradvertising in connection with this Presentation and acknowledges that EVO Electric may rely onsuch confirmations.

• This Presentation is only a summary and does not contain all of the information that is material to aninvestor. Nothing contained in this summary is, or shall be relied upon as, a representation as topast or future performance. The information contained in this Presentation is confidential.

• This Presentation contains "forward looking statements" which involve subjective judgment andanalysis and are subject to significant uncertainties, risks and contingencies, many of which areoutside the control of, and are unknown to, EVO Electric Ltd. In particular, these forward lookingstatements are made only as of the date of this Presentation, assume success of certain businessstrategies, and are subject to significant regulatory, business, competitive and economicuncertainties and risks. Actual future events and/or results may vary materially from the forwardlooking statements and assumptions on which they are based. EVO Electric assumes no obligationto update or revise any forward looking statement to reflect any change in expectations orunderlying assumptions.

73


Why E-motors?

• Hybridisation & Electrification drivingdemand for advanced electric motor &powertrain technology• Tight space constraints driving demand for

smaller motors and generators

• Efficiency concerns driving demand forlighter, high-torque (direct drive) machines

• Weight and space savings needed forenergy storage

• Existing technology has limited scope forimprovement and is too expensive.

74


Why EVO?

• World class performance• High power density(>4.2kW/kg)• High torque density (>10Nm/kg)• Ultra efficient (>96%)• Lower weight = Lower material bill = lower cost

• Below US DOE cost targets for 2010 and 2015

• Particularly well suited to mobile applications• Small footprint & weight facilitates implementation

in existing models• Enables ultra-efficient, gearless drivetrain

configurations, e.g. DuoDrive• Modular and scalable design

75

© 2009 EVO Electric Ltd© 2009 EVO Electric Ltd 76

Competitive positioning

AxialCompetitor(low power)

ConventionalCompetitor

AxialCompetitor(similar powerto EVO)


Why Axial Flux?

77

Not Utilised

{/

22stator rotorarea

radialT r l r r

{/

2 3

stator rotorarea

axialT r r r

806kg

40kg

© 2009 EVO Electric Ltd© 2009 EVO Electric LtdIncludes only Western Europe, US, Japan and ChinaSource: Roland Berger

Addressable Markets

78


• Early adopters & demonstrators (>$80m)

• High-performance EVs and hybrids

• Military & civil APU

• Commercial fleets (>$800m)

• Delivery vans

• Taxis

• Large upside potential market (>$12bn)

• Tier 1 & OEMs

• Other big sectors (wind, industrial)

79

EVO Markets


Senior Management Team

80

Chris Nash(NED)

NTR plc and Zenergy plc

Chris Nash(NED)

NTR plc and Zenergy plc

Susan Searle(NED)

CEO – Imperial Innovations

Susan Searle(NED)

CEO – Imperial Innovations

Michael Howell(Chairman)

Cummins/GE/City&Guilds

Michael Howell(Chairman)

Cummins/GE/City&Guilds

David Latimer(CEO)

Brush, Blue Bird

David Latimer(CEO)

Brush, Blue Bird

Michael Lampérth(CTO)

Imperial College/Kissling

Michael Lampérth(CTO)

Imperial College/Kissling

Lord Oxburgh(Energy)

NED Chair ShellRector Imperial College

Lord Oxburgh(Energy)

NED Chair ShellRector Imperial College

Brendan Connor(Automotive)

CENEX/Cosworth Racing/TRW/Lucas

Brendan Connor(Automotive)

CENEX/Cosworth Racing/TRW/Lucas

Carl Ahlers(Industrial)

Cummins/FordFiat/Cummins JV

Carl Ahlers(Industrial)

Cummins/FordFiat/Cummins JV

Advisory Board

Board

Philip Newell(Interim CFO)

Philip Newell(Interim CFO)


Funding …

Prior Funding:• $5.9 million from Imperial Innovations and private

investorsCurrent Round:• Seeking $9.5 million (1/3 already committed)Use of Funds:• Adapt existing technology to customers’ operational

and commercial requirements;• Build customer confidence in the long term

performance and robustness of EVO products;• Build sales volumes and a long term order book; and• Develop automotive-standard production processes.


Summary

• Electrification & hybridisation drivingdemand for advanced electric motorstechnology• EVO solutions exceed currently available

• Low cost (below US DOE target $/kW)

• Products and execution plan in place• Strong team

• Validated and protected technology

• Strong customer engagement

• Demonstrated near-term revenue streams

• Clear route to higher volume markets

82

HydroVenturi LimitedHarvey West

Letting the Physics do all the work

Oxygenating water and generatingelectricity

Clean and Cool Mission 2010

Harvey West

Executive Chairman

The Problem: Water Treatment

Yorkshire Water PLC :

“Our Treatment Works are extremely energy intensiveowing to the high quality standards needed to meetour customer and regulatory demands.”

“Hydroventuri’s technology has the potential totransform our level of energy use and significantlyreduce our carbon footprint, without disruption andwhilst maintaining high quality output”.

The Problem – Hydro Power

Scarce resource often ‘spilled’ rather than passed throughturbines, to aerate and increase downstream T°.

Residual head required for aeration on existinghydropower discharges → less power output.

Hydropower Market16% of global energy is from hydro in ≈ 160 countries;

US has 78,000 MW of hydropower - with > 50% inWashington, California and Oregon;

≈ 3% of >79,000 dams in the US have hydro;

DOE est. 30,000+ MW new hydro if water quality andfishery issues overcome - 17,000 MW at existing dams.

Air ‘pulled in’ to re-equalise pressure drop – can comedirect from atmosphere, or via an ‘air’ turbine;

All about controlling bubble behaviour….

Technology

Competitive Advantage

No electricity input, no underwater moving parts, noadditives doing the aeration work…..

Oxygen transfer efficiency achieved equivalent to best inclass fine bubble bed diffusers……

Can enable increase in residual head capture leading toless energy and capital intensive processes beingrequired (water) or increased power output (hydro)……

Ongoing investment from Porton Capital;

Patented & Demonstrated Process - Found aeration to bethe killer app not energy production;

Portfolio Licensing Business Model;

2010/11 is all about capacity building & proving valueproposition – Europe (Water), North America (Hydro) andMiddle East (Groundwater) market entry.

Current Position

Thank you for your time.

Always happy to have a conversation.

Harvey WestExecutive Chairman - Hydroventuri Limited

[email protected]

IntegratedEnvironmental Solutions

LtdDr Don Mclean

Integrated Environmental Solutions LtdDr. Don McLean, Founder and CEOFebruary 2010

IESVE: An integrated suite ofbuilding simulation tools thatenable a user to quantify,optimise and verify theperformance of a building

What does IES Technology offer?

Passive solardesign principles

High performancebuilding technologies

Underfloor heating/cooling

Heat pumps

Advanced glazingand insulations

Photo-voltaics

Heat recovery

Controls

Night sky cooling

Earth shelter roofsDisplacement ventilation

Chilled beams / ceilings

Solar water heating

Cogeneration

Improved air tightness

Biofuels

High efficiency boilers/chillers

Geo-thermal heat

Embodied energy of materials

Wind energy

Maximisation of daylight

Natural ventilation

Use of thermal mass

Building orientation

Light shelving

Use of atria & courtyards

Adaptive comfort criteria

Ventilated facades

Solar energy

Night cooling

Beneficial shape and form

Common strategies for improving energy and environmental performance of buildings

Optimum configuration

Model

Analyse

Optimise Verify

How does VE-Pro help me Communicate…?

Solar penetration Daylight levels Natural Ventilation

Results colour coded on model Daylight Metrics Climate Understanding

J J A S OJ F M A M N DCopyright © 2008 IntegratedEnvironmental So lutions Limited. All rightsreserved

Copyright © 2008 Integrated Environmental Solutions Limited. All rights reserved

22500 kwh/yr

15000 kwh/yr15000 kwh/yr

7500 kwh/yr

6000 kwh/yr

4500 kwh/yr

3000 kwh/yr 750 kwh/yr

750 kwh/yr

Monthly Energy Output* Daylight contours Annual Energy Output*

VE-Pro: Output

VE and the Building Lifecycle

Concept Design

Preliminary Design

Detailed Design

Commissioning

Intelligent ControlFacilities Management

Refurbishment

VE-Ware

VE-Toolkits

VE-Gaia

VE-Pro

VE-Op

Company Profile

• IES founded in June 1994

• Head Office in Glasgow, Scotland

• Offices in Dublin, Melbourne, Boston and SanFrancisco. Presence in Germany and Malaysia.Opening office in Pune, India on 1st March 2010

• Software in over 130 countries

• Consultancy and Training

• Clear market leader in UK, Ireland, Australia andNew Zealand. Expanding rapidly in North Americaand targeting the India, China and the Middle East

• Well educated staff that are highly motivated andcommitted to IES.

• Two patents applications in progress

International Reference Sites

• Arup (UK, Ireland, China, Germany, Australia, US,Botswana)

• Buro Happold (UK, Ireland, Germany, UAE, USA)• Connell Wagner (Australia and New Zealand)• Halcrow Group (UK and Middle East)• WSP Group (UK, US, Australia and Middle East)• AECOM (US, UK, Australia)• Stantec (Canada, US)• Syska Hennessy (US)• Cannon Design (US and China)• SOM (US)• Gensler (US)• Ramboll (Scandinavia, UK and Middle East)

Governments Projects/Compliance

Compliance:• All England and Wales, Scotland, Northern Ireland and

Republic of Ireland regulations• Republic of Ireland in discussions to pay IES to provide

detailed regulation compliance exclusively• New Zealand funding IES to develop VE-Ware and a VE-

Gaia tool for compliance• Provide informal advice to UK and California governments

Labelling:• UK EPC (asset) & DEC (operational)• ASHRAE Building EQ (both asset and operational)

Rating Systems:• Developing analysis tools for the three major rating

systems: LEED, BREEAM and Greenstar• Working with the Indian government to support GRIHA.

Partnerships

• Davis Langdon, UK (Carbon ReductionCommitment)

• Airbus, UK (THERM)• Toyota, UK (THERM)• DeliSolar, China (10 Ecocities, Hospitals in China,

Software sales)• Singapore Technologies (Ecocities, Consultancy

in SE Asia, Rating systems in SE Asia)• BRE, UK (Embodied Energy: Life Cycle Analysis)

Special relationships• Google SketchUp• WalMart

IES in practice...

Op

tim

isati

on

New orExistingBuildingBaseline

Lean

Clean

Green

ProposedSolution

DESIGN OPERATION

Verification

Qu

an

tifi

cati

on

Actual building energy 131 kWh/m2yr

Calibrated simulation = 104 kWh/m2yr

282 kWh/m2yr

89 kWh/m2yr

Sub-optimal performance = 27 kWh/m2yr

VE-Op Plan

• Concept has been proven

• Continuation of current pilot project

• R&D Grants to supplement creatingenhanced automation

• Use Partners and Premier customers to useon additional revenue generating projects toremove teething problems

• Have portfolio of projects with independentlyverifiable results for a range of building types

• Train routes to market

• Go To Market

Potential IES VE-Op Offering

• This unique capability enables IES to offer arange of enhanced services.

– LEED M&V Credits

– ESCO/Performance Contracting Verification

– Carbon footprint reduction management

– Building owner or tenant: Lower energy costs /better performing building / reduced CO2

– Systems integrator: Commissioning, PlanningMaintenance, BAS operation warnings

– Helping VE users provide added services

– Handshaking with Utilities/Smart grid connection

Value Proposition

Benefits

• Save up to 30% on energy costs due to poorlyoperating controls

• Reduce cost of commissioning/re-commissioning

• Savings on maintenance costs and fault diagnosis

• Better performing building important for regulationscompliance and LEED compliance

Cost

• Model building: $10k-$50k, $12k/annum maint.

• Software: $10k-$15k per annum

"If you cannot measure it, youcannot improve it." — Lord Kelvin

Dr Don McLean

Founder and CEO

+44 7957 825555

[email protected]

www.iesve.com

Intelligent EnergyDr Mark Lawson-Statham

©2010 Intelligent Energy LimitedThe information in this document is the property of Intelligent Energy Limited and may not be copied or communicated to a third party, or used for any purpose other than that for whichit is supplied without the express written consent of Intelligent Energy Limited.This information is given in good faith based upon the latest information available to Intelligent Energy Limited, no warranty or representation is given concerning such information,which must not be taken as establishing any contractual or other commitment binding upon Intelligent Energy Ltd or any of its subsidiary or associated companies.

Intelligent Energy

Clean and Cool Overview - February 2010

110

© Intelligent Energy Limited 2010. All RightsReserved.The information in this document is the property of the Company and may not be copied or communicated to a third party, or used for any purpose other than that for which it is supplied without the express written consent of the Company.

Intelligent Energy – Who we are

• Intelligent Energy is a clean power systems company with globally scalable business

• With our proprietary technology platforms, we have the building blocks to create bespokepower systems for OEMs and their global mass markets

• Fuel cells: we make PEM fuel cells that are versatile, robust, efficient, compact, power-dense and designed from the outset for volume manufacturing

• Fuel transition: we create reforming technologies that interface with existing fuelinfrastructures to accelerate the transition to a cleaner world

• Smart power management software: we have important integration, balance of plantand systems capabilities which allows us (i) to insert our technologies directly into ourpartner’s products, (ii) hybridize with electric or traditional power trains and, (iii) play a keyrole in the development of ‘Smart’ Grids

• Our OEM partnerships have applications in a wide range of end user markets, by product andgeography.

• IE’s technologies were designed, from inception, for low cost, volume manufacture

111


Our modular “clean engine building blocks”

Fuel processing

Fuel in

Fuel desulphurisationand hydrogen generation

Fuel cell based power Integration, BoPgeneration controls software

Power out

Fuel cell stacks Fuel cell systems

Hydrogen out Hydrogen in

High power – 1kW to 100kW

Low power – 10W to 1kW

112


Market strategy

• Accelerate and de-risk ourcustomer’s productdevelopment and go-to-marketplans

• Blue Chip customers withunderstood & scalablecommercialisation route

• Business model: fromlicensing to equityparticipations

• Maximise RoI with powersystems business mantra:“design once, deploy many

times” from commonproprietary clean powerbuilding blocks

113


Selected customers and partnering arrangements…

Globalagrochemical

company

Global consumerelectronics company

GlobalAutomotivecompany

Globalconsumerelectronicscompany

Energy Company

O&G Company

114


On two wheels For aerospaceOn four wheels

Motive

Distributed Generation and Portable

Domestic and distributed power Cordless powerIn UPS systems (telecoms)

Blue Chip customer proof points

115


Same building blocks to …

Portable consumerelectronics

Back-up & remotepower

Two-wheel vehicles

AC fuel cellsystems

TAMHand carried

Annual market150m+ units

~$50bn

Est. TAMAnnual market

>$4bn

TAMAnnual market

40m units

116


EC fuel cellsystems

… address global mass markets segments

CHP systemsFour wheel vehicles

Aerospace

EU TAMAnnual market

>4.5m units

TAM$55bn+ overnext 10 years

TAMAnnual market

70m units

117


Power density, system simplicity and lowercostHigh power stacks

Key Differentiators

Simple Balance of Plant leading toincreased power densitylower costrapid cold starthigher reliability

118


Technology differentiators – power density

Comp 2

Comp 5

Comp 1

Comp 4

Comp 3

IE AC64-56 PEM (1100W)

IE AC64-56 PEM (1580W)

IE Projected 2010 for UAV

Comp 7)

Comp 6

Comp 8

Comp 9

0

200

400

600

800

1000

1200

0 200 400 600 800 1000 1200

Volumetric power density W/L

Gravim

etr

icp

ow

er

den

sit

yW

/kg

119


Technology differentiators – Cost reductionHigh power

0

ProductionVolume

Un

itC

os

t$

/kW

Low cost systems by design

• Thin, multi-function, metallic, single

piece bipolar plate

• No pre-stack humidification

• No cooling plates

• High stack power density (>2.5kW/L)

and stable performance

• High hydrogen utilisation ~100%

• Low pressure operation (0.3 barg)

• Excellent cell-to-cell balance

• Sub zero capability to -40°C, rapid cold

start from -20oC

• Lifetime >5000 hours in test facility &

180,000 cycles

• No “science breakthrough” required to

realise cost reduction curves

120


ENV – World’s first hydrogen fuel cellmotorbike

121


Partnership with the Suzuki MotorCorporation

• Intelligent Energy

power the Suzuki

Crosscage –

unveiled Oct 2007

• Joint

Development

Programme since

March 2008

• Fuel cell Suzuki

Burgman –

unveiled Oct 2009

122


Intelligent Energy powers first manned fuel cellflight

Intelligent Energy fuelcells power world’sfirst in February 2008

Applicability to Unmanned Aerial Vehicles (UAVs) andAuxiliary Power Units (APUs)

123


Intelligent Energy clean APU for civilaircrafts

Q3 ’09 Intelligent Energy’smulti-functional fuel cellAPU system unveiled atAirbus, Hamburg

Clean, multi functional Power for Auxiliary Power Units(APUs)

124


CHP JV agreement with Scottish & Southern Energy

8.3m energy supplycustomers

Commercial

Residential

Joint Venture for UK and Eire announced March 11th

2008

500W-2kW

10kW-20kW

125


with PSA Peugeot Citroën

H2Origin – electric urban delivery vehicle

• Marginal cost to existing vehicleplatform

• Conversion of an all electric vehicle intoa FC hybrid

• 10kW fuel cell integrated into ‘enginebay’

• Full power & rapid start & stop from -200C to +370C

• No loss of load carrying capacity

• Rapid refuelling in 3 minutes

• In partnership with Bosch, Prodrive andthe UK Technology Strategy Board

• Increased range from 80km to300km

• OPEX & CAPEX advantage

126


Zero emission London taxi

• The fuel cell taxis will have a range

of about 250 miles

127


Motive

Portable

Four-wheeled

Two-wheeled

Consumerelectronics

Residential,Commercial

CHP

Aero &Defence

StationaryBack-up &

remotepower

Aerosystems

& portable

Go-to-market checklist…

Sustainable

competitive

advantage

Timeline to

market

Go to marketRoute to

market

Scalable

Long (*) Medium

to short Fast Medium

to long Medium

to short Long

to medium (*) “long” = consumer markets. IE has developed an alternative refuelling and motive delivery plan with key industry partners. The niche does notstart from consumer markets, is scalable and is capable of being tackled over the medium term.

128


Partner timelines

Motive

Portable

Stationary

Passengercars

Other cars/vehicles

Batteryreplacement/

extension

Generators

CommercialIndustrial

Residential

Pre – production phase



2005 2010 2015 2020

Launch

Launch

Launch

Launch

Launch

Launch

Mass Markets

Mass markets

Mass markets

Graphics: adapted from ATK Petrotech 2005 Review

129


Intelligent Energy – Summary

• Intelligent Energy has completed its core R&D phase

−Beyond customer proof point and has growing revenues

−Defined route to market, to breakeven and has customers to scale up

• Intelligent Energy is a ‘fabless’ company – with its business model

based on licensing and licensing-plus constructs (licensing to Joint

Ventures including licensing arrangements)

−Intelligent Energy has invested alongside its partners in configuring

its power systems for insertion into their products

−IE now owns all of the critical and differentiated Intellectual Property

associated with its power systems and their applications

• Intelligent Energy is currently actively engaged with a number of large

OEMs in developing products for their geographically diverse mass

markets based on Intelligent Energy’s common, proprietary and “clean

engine building blocks”

130


Appendix - Financial summary

• £80m ($130m) of capital raised from third parties since

2001

• Company converted to a Plc in 2004

• Accounts prepared under IFRS

• Articles materially consistent with those of a listed company

• 86m Ordinary Shares in issue - Last Offer £1 ($1.6)/share

• £13m Convertible Loan note - Conversion at £1.15

($1.84)/share into Ordinary shares

• 2009 Revenue of £4.5m ($7.2m)

• Institutional shareholders from the UK, US and Europe

131


Experience• Extensive scientific,

engineering, technical,operational and commercialexperience.

• Backgrounds in recognisedorganisations including - Rolls-Royce plc, Innogy, GEC, BAESYSTEMS (VSEL), BNFL,Loughborough University,Booz, Allen & Hamilton, A.T.Kearney, ICI, Rolls-RoyceMarine Division.

Senior management

John Rennocks Non Executive Chairman

Appointed in 2006. He served as finance director at Smith and Nephew plc,Powergen plc and British Steel/Corus plc. He is Chairman of Nestor plc,Diploma plc and Deputy Chairman of Inmarsat plc.

Dr Henri Winand Chief Executive

Appointed in September 2006. Previously, Vice President of CorporateVenturing at Rolls-Royce Group plc. Earlier in his career at Rolls-Royce, hemanaged a power systems subsidiary and introduced new manufacturingtechnologies into the Group.

Rian Urding Chief Financial Officer

Appointed in September 2007. Prior to joining Intelligent Energy he was withClarityBlue, now a subsidiary of Experian plc, where he was responsible forall financial management of the UK and US businesses. Rian trained withPwC.

Dr Philip Mitchell Chief Operating Officer and Chief TechnologyOfficer

A founding director of Advanced Power Sources Ltd, which was acquired byIntelligent Energy in 2001. Previously, R&D Manager at Innogy TechnologyVentures Ltd, part of the Innogy Group.

Dr Mark Lawson-Statham Director Corporate Finance

With the Company since 2002. Formerly a Director of Robert Fleming AssetManagement, Robert Fleming Investment Banking, JP Morgan AssetManagement and Managing Director of Close Brothers International.

© Intelligent Energy Limited 2008. All RightsReserved.

Appendix – The Team

132


Clean power anywhere

Intelligent Energy

© Intelligent Energy Limited 2009. All Rights Reserved.

Thank You

Isentropic LimitedJonathan Howes

November 2009 Slide 134 © Isentropic Ltd 2010

Isentropic Ltd.

Utility Scale Pumped HeatElectricity Storage

Jonathan Howes

CTO Isentropic

February 2010

November 2009 Slide 135 © Isentropic Ltd 2010November 2009 Slide 135

Who Are We?

• Isentropic, Ltd.

– Pre-revenue

– Cambridge, UK based private company

– Developer of gas-cycle heat pump/heat enginebased electrical energy storage system


The Problem

• Renewable sources are intermittent– Supply and demand are mismatched

• Power distribution networks are reachingcapacity– Grid upgrades are needed to cope with peak demand


What Does The Market Need?

• There is a need for utility scale storage solution that is:

Low cost

High efficiency

Not geographically constrained

Safe and environmentally inert

Modular and scalable

Rapid response to load variation

Very large number of cycles

• Isentropic’s Pumped Heat Electricity Storage meets all theseobjectives.


Independent market analysis

Escovale, a specialist energy storageconsultancy:

“There is currently a 200GW latent opportunityfor a technology that can match pumped hydroon cost but is geographically independent. Thisis estimated to be equivalent to a $200 billionmarket”


Heat pump and engine : Reciprocatingequipment


High Efficiency – High Density Storage

• 72% to 80% Charge/Discharge(“round-trip”) Efficiency

• Energy recovery efficiencydepends primarily on theefficiency of the machinery, toa lesser degree on thetemperature difference

• The larger the storage capacitythe less important the thermalinsulation, the lower the heatlosses

• 25 kWh/ton Energy Density –similar to Lead-Acid and Flowbatteries


Compared to Pumped Hydro

30 GWhEquivalentCapacity

• Bath County PumpedStorage, Virginia, USA.Two reservoirs covering820 surface acres (3.32sq. km)

• 30 GWh storage capacity(largest in world)

• Pumped Heat StoragePlant of same capacitywould occupy 1/300th ofthe area


Low CostType of Storage Plant

$/kWStorage $/kWh* $ for 8 Hrs Capital $/kWh $/kWh*

**

IsentropicPumped Heat Storage

580 55 small scale6-10 large scale

1020 128 0.017

Pumped Hydro 1GW 800 37.5 1100 138 0.019

Compressed AirUnderground 300MW

580 1.75 + 146** 1762 220 0.030

Compressed AirAbove ground 15MW

750 250 + 146** 3918 489 0.067

Na-Sulphur Batteries 500 350 3300 412 0.057

Flow Batteries 425 280 2665 333 0.046

Lead Acid Batteries 420 330 3060 382 0.052

* Assuming electricity stored is nil cost

**Compressed Air burns gas at ~100% efficiency due to the use of the pressurised gas. One kWh of gas currently costs$0.02. To get an equivalent storage cost, we capitalise the gas required for one discharge per day for 20 years = $146*** Capital Cost per kWh divided by total hours used (assume 20 years life and 1 charge/discharge per day – 7300 hours)


Summary

• Lowest cost - $580/kW, $55/kWh = $128/kWh for 8 hours

• Good efficiency – 72% to 80%

• No mountains, no caverns – place anywhere

• Safe and inert – locate near to load

• Scalable – From 100kW to very large size possible

• Fast response:- Sub 1 second response time

• Very large number of cycles

• Performance verified by two development prototypes


Milestones


Management team

• Jonathan Howes - Technical Director

Background in aeronautical engineering, aerodynamicsand thermodynamics - previously European lead,certification of loads and structures A380 Airbus

• James Macnaghten - Managing Director

Cambridge trained engineer and entrepreneur - owner,Scudamores Punt Company

• Mark Wagner - Chairman

Background in finance and technology - previously CEOof hedge fund, Sabre Fund Management


Current investment position

• Angel investor funded at present. Latest round justclosed ($2M)

• Terms from potential utility equity partner underdiscussion

• Strong interest from a lead customer in a 2MW pilotplant

• Given the capital intensive nature of the business,further investment rounds will be required.


Pumped Heat Storage is Coming!

[email protected]+44 (0) 7799 377194

+44 (0) 845 2062070

Juice Technology LimitedIan Turner

Confidential © 2009 Juice Technology Limited

Making LED lighting affordable

February 23rd 2010

Clean and Cool Mission

Ian Turner CEO

Juice Technology Limited


LED General Lighting

Reaching required lightingperformance

Visually attractive

Energy efficient

Long product life

Too expensive – average payback inexcess of 5 years


Juice Approach

Highest efficiency optics

Highest efficiency powerprocessing

Highest efficiency thermalmanagement

Minimum number of LEDs

Close to 2 year payback

12 – 18 month cost lead


Juice Technology

Unique dimming power supply topology

Optics integrated with thermalmanagement

J-Net powerdistribution system

Lowest cost centralpower processing

Contactless inductiveconnections

Lowest cost control


Market

Global lighting fixturemarket $22bn

LED share forecast tobe >50% by 2018

Commercialapplications starting

Residential later whencosts reduce further


Market Traction

JV with Generation BrandsProducts launched September 2009

Energy Star approved – Next Generation Luminaires Award

Develop and supply contract with Wila

In negotiation with companies in :High specification office lighting

Street lighting

Hotel guest room systems

JV with Californian investment groupPower and data distribution in office furniture


Business Model

Sales to OEMs only

Revenues generated in three ways

Development engineering

Product sales (core components / systems)Average GM – 40%

Licensing (non-core applications)


Funding Round of c.£2.0m

Europe / RoW

North America – JuiceWorks Joint Venture

Finance

$9.9m$2.9m-$2.10kIncome

$69m$35m$7.4mRevenue

201220112010Figures inUSD

£3.8m£236k-£357kIncome

£11.4m£3.4m£1.2mRevenue

201220112010


Contact Ian Turner - CEOJuice Technology Ltd2 Maple ParkHoddesdon, HertfordshireEN11 0EX United KingdomT +44 1992 801300www.juicetechnology.co.uk

All technology is protected by international patents and whollyowned by Juice Technology Ltd

MicrosharpCorporation Ltd

David Brogen

Microsharp Solar

Solar concentrator optics

David BrogdenBusiness Development Director

Microsharp Corporation Ltd Confidential 2010

Our market

Concentrated Photovoltaics (CPV)

Potential to be lowest cost KWhr solar technology

Highest energy density

Low environmental impact

Sector worth $8.5 billion by 2020

Optics is critical enabling technology

Key Barrier to growth - High capital cost of systems

Our Proposition - Lower cost, larger area optics

Time

LCO

E

CPV

Thin filmFlat Panel


Our Product

Thin Film Fresnel Optics

Micro prismatic Fresnel structures

UV cast in PMMA on surface of PMMA film

Roll to roll continuous production process• High speed• Precision replication• Large area ‘parquet’ capability

Significantly lower cost than alternative technologies

Scaleable to very high volumes

Proprietary tool production technology IP (protected)

30 – 50 microns


Film Development & Manufacturing Process

Design

Master

Production Tooling

Film Manufacture


Market Size

The market for solar concentrator lenses estimated to beworth $900 million by 2020

MCL estimation of market size of solar concentrator systems in which lens based solutions are appropriateExcludes utility scale CSP


Production and Supply

Filmmanufacture

Lamination

MaterialsSourcingPMMA filmPMMA sheet

Toolingmanufacture

Lens Supply

Optics Design

Tooling Design

MCL activityOutsourced

Core activities done in house

All ‘none core’ outsourced

Long term partnership with toolmakers

Lamination partners in place

Building relationships with materialsuppliers


Sales Strategy & Customers

Direct relationships with major CPV unit developers

Offer comprehensive serviceDesignDevelopment and testingManufacture and supply

Customers cover all tooling and development costs

Have secured 5 lens development projects to date withleading CPV developers

Lenses will enter field trial in 2010


CompetitionAlternative lens and optics technologies

Efficiency CostLarge Lens

Capability

Hi Speed

Production

Silicone on

GlassGood Very High Yes Yes

Hot

EmbossedGood High Difficult Difficult

Injection

MoldedPoor Low Difficult Difficult

MCL thin

FilmGood Lowest Yes Yes

Competitive solar lens technologies

• Silicone on Glass• Hot embossed or injection moulded plastic lenses• Mirrors


Our company

Microsharp Corporation Limited

Private UK company, (est 1998)

Long term ‘angel’ investor

Strong technical and commercial leadership

Significant expertise in thin film optics

‘State of the art’ manufacturing capability

Developing large area Fresnel optics since 2005

Patented designs and production techniques


Financial Forecasts

Year 2015 2018 2020

Sales $ 58mil $99mil $177mil

Trading Profit $9.6mil $16.7mil $31.3 mil


In summary

Microsharp Solar

• Attractive, emerging market sector•Competitively advantaged technology – IP protected• Established customer base• Existing manufacturing capability• Proven management team• Sales forecast to be $99 million by 2018

Seeking $5 million incremental investment

to fund

Commercialisation of 1st generation lensesDevelopment of 2nd generation products

30 – 50 microns


Nexeon LtdScott Brown

© Nexeon Limited 2010

Scott Brown [email protected]

“Developing a major newclass of Li-ion battery thatwill give electric vehiclesgreater range, and give

mobile electronic deviceslonger working time between

charges”


Li-ion battery market

• $10B market for Li-ionbatteries today

• Market is forecast to growto >$30B in the next 8 years

• About half of this growth isexpected to come from EVapplications

• This is one of the moreconservative forecasts

Hideo Takeshita – May 2009Institute of Information [email protected]

Li-ion battery sales


Issues with current Li-ion batteries

• Greater energy capacity is required by consumerapplications with greater functionality

• Better batteries are required to drive adoption of electricvehicles

• Energy capacity is capped because carbon-based anodesare operating at their limit

• New chemistry is required

• Silicon has one of the highestaffinities for lithium

• Nexeon has developed uniquesilicon materials for use in Li-ionbatteries


Nexeon Materials


Value proposition

• Higher capacity – a 200% increase is possible

• “Drop-in” replacement for carbon – low switching costs

• Same voltage – compatible with existing device designs

• Higher safety margin at a given capacity

• Lower cost than carbon for a given capacity


Milestones

• Demonstrated long charge-discharge cyclelife at high capacity

• Demonstrated pilot plant scale productionof our materials

• Strong IP in materials, applications andproduction

• In negotiation with supply chain partners forscale up to commercial volumes

• Sampling material and prototype cells –performance validated by potentiallicensees


Revenue model

License andtechnology

transfer

Upfront licensefee and running

royalty Li ion batterymanufacturers

Automotivecompanies

Mfg contract,technology

transfer and £

Revenue from material sales

Supply chainpartner

Materials

Materials

• This market is used to licensing• Licence structure typically an

upfront fee of £1M and a 2%running royalty on the price ofcells sold

• A 2% R/R of all 2010 sales is$200M

• A 2% R/R of 2018 forecast saleswould be $600M

Nexeon’s financial projections areconfidential at this time

For 20000MWh (2010 data) : 5.3k tonnes Si required (1000mAh/g)= $265M at $50/kgBy 2018 energy required from Li-ion batteries is forecast to be 80000MWh


3Ah 18650 Cost comparison

10g C @ $25/kg300mAh/g

Selli

ng

Pri

ceo

f1

86

50

cell

=$

3

$2.75

$0.25 3g Si @ $50/kg1000mAh/g

$2.79

$0.15

$0.062% Royalty

Benefits:• Higher capacity cells possible• Premium selling price achievable• Lighter and safer

Carbon Silicon


Competition

• There is competition

• Several companies, including some OEMs, are working onsilicon anode materials

• No commercial successes to date due to cycle life issuesand/or cost

• Nexeon has resolved the cycle life issue

• Nexeon’s patented production process is inherently lowcost– Uses cheap metallurgical grade silicon

– Room temperature etching process

– Low CAPEX


Skills in place to succeed

Successfulentrepreneurial

trackrecord

Bios at

www.nexeon.co.uk


Funding requirements

• Funding– Seed round £0.5m April 2006

– Series A £4.25m July 2007

– Series B £10m February 2009

– Total £15m ($25m)

– £430k (~$700k) grant from UK government (TSB) for advanced automotivebattery demonstration

• Exit - Future funding requirements– IPO or Acquisition

– Further funding may be required in 2011 to further develop materialsupply chain infrastructure

• Proof of concept• Technology demonstration• Material scale up• Acquisition of prototype

cell making equipment• Staffing up

™

Scott Brown CEO

Tel: +44 1865 409934

[email protected]

www.nexeon.co.uk

Oxford CatalystsGroup

Susan Robertson

Oxford Catalysts Group

February 2010 Susan Robertson, CFO

186

Introduction

Breakthrough technology for production of fuels and chemicals

– ‘Superactive’ catalysts

– Revolutionary microchannel* reactors

World-class pedigree − some 20 yrs of research

– University of Oxford: Head of Inorganic Chemistry

– Battelle: DoE’s Pacific North West National Laboratory

Over $200m invested in technology to date, primarily bycommercial partners

Global leader − world’s largest patent portfolio in our field

Focused on clean fuels

Publicly listed (LSE: OCG)

Critical mass: ~90 employees

– Catalyst development near Oxford, UK

– Process technology development near Columbus, Ohio

* microchannel technology marketed under the Velocys brand

187

Microchannels − chemical reactions in much smaller chambers, acceleratedup to 1,000x

Enables modular shop-fabricated units

Large-scale economics at small scale

– Monetising smaller sources offeedstock (taking plant to feedstock)

– Localising production(taking plant to point of demand)

– Incremental capacity for existingplants (smoothing the investment/ capacity cycle)

Cleaner: higher efficiency, lower emissions, less transportation of product /feedstock

Lower risk and cost of scaling up − “number up” not “scale up” (modular)

Unique Technology: Process Intensification

* Artists' impression. Same capacity comparison

Up to 90% size reduction

Microchannel SMR*

Conventional SMR

188

Market Applications

Transportation

fuels

Specialty

applications

Synthetic fuels

– Gas-to-Liquids (SMR+FT)

– Biomass-to-Liquids (FT)

– Waste-to-Liquids (FT)

Ethylene

Ethylene oxide

Instant Steam

Emulsions

‘Super active’ catalysts + revolutionary micro-reactors

breakthrough clean fuel/chemical production

IP-based partner licensing business model

Commodity

chemicals

SMR = Steam Methane Reforming; FT = Fischer-Tropsch

189

Summary

The time has come for small scale synthetic fuels production

– Problem gas, stranded gas, truly renewable biofuels

Significant new market potential at smaller scales

– $100’s bn p.a. of fuel if it can be done economically…

Oxford Catalysts is positioned to become the leader in small scalesynthetic fuels technology…

– Market leading modular technology

– World’s largest patent portfolio

– Industry heavyweights as funding partners

Over $200m invested to date

Further $50m committed in last year

– On track for early demonstration and sales

– Well capitalised (£12.4m cash as at end June 2009)

… exactly when the market is expected to take off

PassivSystems LtdColin Calder

A new era in living

Colin CalderChief Executive [email protected]

PassivSystems LtdMedway House, Newbury Business ParkNewbury, Berkshire RG14 2PZ, United KingdomTel +44 (0) 1635 525 050 Fax +44 (0) 8082 800 490

The problem – global emissions

Ref: Global Commons Institute: http://www.gci.org.uk/

The challenge

Consumers just aren’t thatinterested in energy…

(until it goes wrong, or gets really expensive)

Introducing PassivEnergy™

Putting the customer first

What will it give consumers?

Control Comfort Carbon Cost

Route to market

We help our partners get closer to their customers

The leadership team

Looking ahead

Thank you

www.passivsystems.co.uk

Colin Calder

Mobile: +33 6 2412 1537

Email: [email protected]

Xeros LtdBill Westwater

The Xeros Story

BEFORE AFTER

Global Environmental ProblemAbundance is Over – Supply to Demand management

Virtually Waterless CleaningPatented polymer cleaning; Proven efficacy

Laundry Innovation ChallengeHuge, growing footprint; Efficiencies marginal;

Regulatory DriversDemand

Supply

Large Addressable MarketsEstablished brands lead with Xeros as ingredient brand

Environment90% water saving

plus carbon reduction

Cost Saving30% operatingcost reduction

InvestorsEarly revenue

DisruptivegrowthCommercial c £1bn

Domesticc£16bn

Partnered machinerollout Recurringconsumables revenues

Size

Strategy

204

Xeros Benefits

PERFORMANCEOPERATINGEFFICIENCES ENVIRONMENT

cleancool2010_meettheukcleantechcompanies_finalfeb23

Documents

wave power

oyster sales

energy information

gw global oyster resource

ocean wave energy

bn global oyster market

power ratio

renewable energy mix