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2
 Ecomerit Team
Accelerating Transformational Technologies for 30 + years
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4
F,*:.EEK.#.;;%,A%b.#.H"(<.;%
Denmark $295 MWh (18% Wind & Solar)

-<.2$'+2+$0%:'+2.%
Portugal $180 MWh (11%) A,'%F,)#$'+.;%
H+$>%*,'.%$>"#%
Spain $154 MWh (12%) 5e%H+#B%"#B%
;,<"'%

USA $95 MWh (1%)

Source: Goldman Sachs Research Estimates

Note: Fuel costs assumed to be “normalized” to $7.00 / MMBTU for Natural Gas, $2.10 / MMBTU for PRB and $3.10 / MMBTU APP coal. Coal costs include 5
transportation estimates of $25 / ton and $12.50 / ton for PRB and APP coal respectively
T#B);$'0%X'+K.';%f%T*:"2$%,A%T#2.#EK.;%

Fed/CA incentives end

LBNL “Using the Federal

Production Tax Credit to
Build a Durable Market for
Wind Power in the United
States”, Nov 2007, (Wiser,
Bolinger, Barbose)

• 1980’s vintage
incentives
emphasized
installations
• PTC emphasized
energy production

6
 T#2'.";.B%X.*"#B%A,'%b.#.H"(<.%-#.'/0%
US Renewable Energy Consumption

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Source: MAKE Consulting and the Energy Information Administration /

International Energy Outlook 2009 Pre-Release Data 7
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8
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High-Performance 72 Meter Blade

•  Clipper’s proprietary HQ airfoil tested in

the DNW Wind Tunnel in Braunschweig,
Germany
•  At 72m, longest blade in wind industry
•  Structural design
complete in Q2’10
•  Carbon fiber
augmented spars
•  Plug shipped to
Newcastle, Clipper’s
UK blade facility
Q3’10 for mold build

11
 4.5 MW Electric Power Generator
Utility-scale Energy Production from Ocean
Waves

12
Ocean Energy Resource
SFC0*FS*F!2>A*2A2CHI* JFB2ABD>G*HGFE>G*C2OFLC!2O* HGFE>G*2G2!BCD!DBI*JCF?L!BDFA*
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Ocean Energy Potential

• Close Proximity to 50% of

Population

• Peaks in Winter (Max Energy

Usage)

• 15 to 20% More Energy / Square

meter than Solar or Wind

13
Wave Energy Market

•  US and Europe – 2,000 to

5,000 MW by 2020

•  Comparable to wind energy

deployment 1980-2000

•  Forecast capital expenditure

$8 - $20B

•  Near term market driven by

incentives in the UK and
Portugal
Environmental
“Given proper care in siting, deployment, operation,
maintenance and decommissioning, wave power promises
to be one of the most environmentally benign electrical
generation technologies available to our society.”
(EPRI: N. AM. Ocean Energy Status – March 2007)
14
F.#E:,B%f%=.2>#,<,/0%
•  Modular construction &
redundancy Centipod operates at 45 degrees to
wavefront, yawing as required

•  Yaw axis by cables to

anchoring blocks

•  Anchoring cables adjust

yaw axis by winch drum on
Centipod

•  Array efficiently anchored

by each anchoring block
cabling two devices

12 MW Centipod array per

kilometer of wavefront

Patents pending
15
 1

Renewable
Energy from
THE AQUANTIS the Ocean
PROJECT Currents

16
O,H.'A)<%-#.'/0%b.;,)'2.%
Aquantis Accesses Major Untapped Renewable Energy Resource

Gulf Stream
Mass Transport
Equal to
50x Global Rivers

C%)"Z1X%*$"5%(&/V**
ca:==R7=a===*0,*

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E1/l-Vm%

Two years of velocity gradient and direction measurements

17
Aquantis – Significant Market Potential
O51"(3*0/1e%5*JZVV*
•  ]<,'+B"%)'/.#$<0%#..B;%/'..#%:,H.'%A,'%bO!% Market Potential
2,*:<+"#2. %%
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•  ]<,'+B"%;..a+#/%R,(%2'."E,#% Patents Issued
18
Aquantis 2.6 MW Current Plane (“C-Plane”)
•  Operation similar to well-proven wind
technology
•  Constant high-output production (base
load)
•  Low RPM counter rotating rotors
•  Operates 50M below
surface
•  Surfaces for servicing
•  Secure geostationary
tethering to ocean floor
19
OZ)5/-(/YV%*D(.Z)51-/V-l/&"(*

20
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21
 D('%)&(3*-(*OZ)5/-(/YV%*D(.Z)51-/V-l/&"(*

•  Gap in appropriate
funding vehicles =.2>#,<,/0% &);+#.;;%"#B% F,**.'2+"<+U"E,#%
F'."E,#% O',B)2$%
•  Requires in depth X.K.<,:*.#$%
techno/economic Cash
evaluation flow

•  High capital Sales

requirements
relative to recent
investment cycles
Time

•  Anticipate VC and
PE expectations
and structures
!..BdY#/.<%
•  Anticipating IPO/
Strategic
T#K.;$,';%c%
['"#$;%
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requirements
22
Ecomerit TACC Fund (ETACC)
Ecomerit’s Operation Philosophy:
Skunkworks Approach ETACC Fund Focus

J]/)%*D* J]/)%*DD*
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not current income

(Technology, Accelerate, Certify, Commercialize)

23
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