Public Distribution 2 • We are Ocean Thermal Energy Corporation (OTE), a USA-based renewable power generation company that can produce energy and air conditioning in an environmentally friendly way by converting the natural temperature differential of the ocean into base-load (24/7) electricity and using the cold seawater for cooling of large buildings and structures • The technology can also produce significant amounts of drinkable water and opportunities for sustainable food production • Our proven methods include: • Ocean Thermal Energy Conversion (OTEC). Produces electricity from the ocean without the use of fossil fuels • Seawater District Cooling (SDC). Uses the virtually unlimited natural resource of deep ocean water to produce air conditioning without the use of chemicals. When compared to traditional systems, SDC reduces the consumption of electricity by about 90% Who We Are
Public Distribution Ocean Thermal Energy Corporation Committed to a Sustainable Future 3 Our mission is to deliver fossil fuel free electricity, drinkable water and opportunities for sustainable food production to help solve three of earth’s greatest challenges Increasing Water and Food Scarcity Rising and More Volatile Energy Costs Escalating Pollution and CO2 Levels
Public Distribution • Energy Services Agreement (ESA) for a 9,800 ton Seawater District Cooling (SDC) plant in The Bahamas – Signed Contract. Project underway • An SDC plant in the Cayman Islands – signed MoU, ESA discussions in progress • Combined OTEC/SDC/Potable Water plant and sustainable food production for the US Virgin Islands – signed MoU’s with the Government of the Virgin Islands and with the University of the Virgin Islands • Ocean Thermal Electric (OTEC) Plants for The Bahamas – signed MoU • Combined OTEC/Potable Water/sustainable food opportunities for a US Territory in the Pacific Rim – Proposal Submitted • OTEC/Potable Water plants for Tanzania, Africa – signed MoU 4 Our Projects
Public Distribution 5 Locations With OTEC and SDC Potential The Americas Africa Middle East Pacific and Indian Oceans An+gua Guyana* Aldabra Sierra Leone* Iran* American Samoa Northern Marianas Aruba* Hai+ Angola* Somalia* Oman Australia* Okinawa The Bahamas Honduras* Ascension Tanzania UAE* Brunei* Pakistan* Barbados Jamaica Benin* Togo* Yemen Burma* Palau Barbuda Mar+nique Cameroon* Zaire* Cook Islands Papua New Guinea Belize* Mexico* Cape Verde Diego Garcia Philippines Brazil* Montserrat Comoros Fiji Samoa Cayman Islands Nicaragua* Congo* French Polynesia Seychelles Colombia* Panama Equatorial Guinea* Guam Solomon Islands Costa Rica* Puerto Rico Gabon* Hawaii Sri Lanka* Cuba Saint KiSs* Ghana* India Taiwan Curacao Saint Lucia Guinea* Indonesia Thailand* Dominica Saint Vincent Ivory Coast* Kiriba+ Tonga Dominican Republic Suriname* Kenya* Malaysia* Tuvalu El Salvador* The Grenadines Liberia* Maldives Vanuatu French Guiana* Trinidad & Tobago Madagascar Marshall Islands Vietnam* Grenada United States* Mozambique* Mauri+us Wake Island Guadeloupe US Virgin Islands Nigeria* Nauru Wallis & Futuna Guatemala* Venezuela* São Tomé & Príncipe New Caledonia *offshore/floating OTEC applications only, all other OTEC applications are land-based
Public Distribution • Our technical leadership are world experts at Ocean Thermal Energy and Seawater District Cooling, many of whom used to work at Lockheed Martin. They include: • Dr. Ted Johnson, Senior Vice President and Head of OTEC Programs: • Former Director and General Manager of Lockheed Ocean Division, with annual revenue of $500 m to $1,000 m • Headed OTEC programs at Lockheed Martin, which has invested over 30 years into OTEC research. He was awarded the Ocean Energy Pioneer Award for contributions to OTEC technology, and is recognized worldwide as an OTEC expert • Dr. C.B. Panchal, Senior Technical Consultant • One of the world's leading experts on OTEC heat exchangers and OTEC power cycles. • 24 years at the Argonne National Laboratory leading OTEC developments for the US Department of Energy • Fellow of the AIChE and a consultant to the United Nations Development Program • Dr. Stephen Oney, Chief Science Advisor • Over 25 years in OTEC and SDC Research and Commercial Development activities. • Conducted integral research leading to the design and development of the first Net Power Producing Experimental (NPPE) land-based OTEC plant in Hawaii • Led DOD funded OTEC and SDC design efforts. Invited to serve as the US Subject Matter Expert for the OTEC Technical Committee (TC-114) for the International Electrotechnical Commission (IEC) to assist in establishing international industry standards World Class Engineers 6
Public Distribution World Class Engineering Partner: DCO Energy, LLC 7 • DCO is an investor in OTE and Frank DiCola, DCO’s Chairman and Managing Partner, serves on OTE’s Board of Directors • DCO Energy, LLC (NJ, USA) is a proven leader in the development of Central Energy Centres, Combined Heat and Power facilities, Landfill Gas to Energy and Biomass projects • Through 2012, DCO’s portfolio of projects includes 185 MW of electric, 332 MMBtu/hr of Heat Recovery, 1,866 MMBtu/hr of Boiler Capacity and over 141,210 tons of chilling capacity • DCO provides Engineering, Procurement and Contracting (EPC) services and independent engineering expertise to OTE
Public Distribution 8 Pipes Heat Exchangers Turbine & Generator Thermal Cycle - Rankine Cycle OTEC converts the heat from the ocean into electricity without the use of fossil fuel. OTE has MoUs to build, own and operate multiple OTEC plants around the world. OTEC systems use the Rankine cycle. The Rankine cycle was invented in the 1850s. It is a cycle that converts heat into work. The heat is supplied externally to a closed loop, which usually uses water. This cycle generates about 90% of all electric power used throughout the USA, including virtually all solar thermal, biomass, coal, and nuclear power plants. + + OTEC Uses a Basic Energy Concept
Public Distribution 9 Onshore OTEC Plant Using the temperature difference of sea water found in tropical climates, land-based OTEC plants produce fossil fuel-free electricity, potable water and opportunities for sustainable food production
Public Distribution 10 Megawatts of OTEC Power 10 OTEC plants provide clean energy without requiring any fuel input One 10 MW OTEC Plant: • Generates baseload electricity for 10,000 people • Produces 83 million kWh per year • Can be designed to co-produce up to 75 million litres of fresh water per day • Saves approximately 50,000 barrels of oil each year • Avoids generation of up to 62,000 tons of CO2 • The ocean water used in the OTEC plant is nutrient rich and pathogen free. It can be used for sustainable food production
Public Distribution 11 Seawater District Cooling (SDC) SDC systems can save up to 90% in electricity costs when compared to traditional air conditioning systems. SDC systems range in size from 400 to 80,000 tons of cooling capacity and use millions of gallons of seawater. Once the seawater has been used for air conditioning it can be desalinated for potable water
Public Distribution Teaming Partners 12 OTE is recognized as the leader in Ocean Thermal Energy Conversion. Major engineering and defense companies from around the world see our potential and have encouraged OTE to sign strategic and/or teaming agreements with them. Much support is being received from these large, successful companies including investment, Board of Director involvement and technical advice New Jersey, USA Washington, DC, USA Paris, France Kongsberg, Norway See further details in the Appendix
Public Distribution Board of Directors and Senior Management Overview 13 OTE has a diverse team of senior executives with experience in the ocean thermal and conventional energy sectors as well as in the development and growth of new companies Ted Johnson, PhD Senior Vice President and Head of OTEC Programs Jeremy P. Feakins Group Executive Chairman Stephen K. Oney, PhD Chief Science Advisor Frank E. DiCola, PE Director Andrew C. Welch, PE Vice President of Project Management Doug Schultz Finance Director Gerald S. Koenig, Esq. General Counsel and Head of Government Affairs Melanie Roach, MSc, MICE, CEng, PE, PMP Vice President of Bahamas Operations Heru Ofori-Atta Senior Vice President of Caribbean Operations James D. Greenberg Director and Head of Communications Edward M. Baer Director, CFO and Treasurer C.B. Panchal, PhD Senior Technical Consultant
Public Distribution Advisory Board Overview OTE’s Advisory Board includes distinguished public servants, environmental experts, and academic leaders who are passionate about renewable energy, economic development, environmental stewardship, national security, marine science, and philanthropy 14 Governor Edward G. Rendell Governor of Pennsylvania (2003-2011) General Chairman of the Democratic National Committee (1999-2001) William J. Roberts, Esq. Principal, Corridor Partners, LLC (2011-present) President and Executive Director, Beldon Fund (1998-2008) Legislative Director, Environmental Defense Fund (1990-1996) Professor Howard P. Hanson, PhD Scientific Director, S.E. National Marine Renewable Energy Center (1999-present) Professor of Geosciences (Tenured), Florida Atlantic University (present) Secretary Roy A. Bernardi Acting Secretary of Housing and Urban Development (HUD) (2008) Deputy Secretary of HUD (2004-2008) Mayor of Syracuse, New York (1994-2001) Congressman Christopher P. Carney United States House of Representatives (2007-2011) ADVISORY BOARD
Public Distribution 15 Summary OTE is offering a unique investment opportunity in our highly profitable, environmentally beneficial and humanitarian technologies • Exceptional management and advisory teams • World-class engineering and technical partners with Ocean Thermal Energy and Seawater District Cooling experience • Ocean Thermal Energy and Seawater District Cooling offer significant humanitarian benefits by providing fossil fuel-free electricity, drinkable water and opportunities for sustainable food production in the form of aquaculture and agriculture projects • Attractive project returns delivered through multi-product business model • For further information: www.otecorporation.com/investment.html
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