Corporate Growth & Renewable Energy. Shez Bandukwala, ThinkEquity Ray Weber, GE Energy Finance Ted Brandt, Marathon Capital

Transcription

1 Corporate Growth & Renewable Energy Shez Bandukwala, ThinkEquity Ray Weber, GE Energy Finance Ted Brandt, Marathon Capital

2 Greentech Overview ThinkGreentech: Growth Factors Megatrends Driving Interdependent Growth Factors Interdependent Growth Factors Energy Prices Climate Change Energy Dependence Public Policy Infrastructure Issues Technology Innovation Energy Security Sustained historically high and volatile prices for conventional fossil fuels Political will to diversify sources of US energy away from foreign regimes Megatrends Climate Change Widespread acknowledgment of the man-made climate change issue Commitment to action necessary to reduce net carbon emissions 13

3 Greentech Overview ThinkPerspective Greentech and Emerging Technologies ThinkPanmure s Greentech domain expertise spans the full range of Greentech issues, technologies, markets and opportunities Renewable Power Generation solar wind marine biomass geothermal Alternative Energy Innovative Hydrocarbons biofuels advanced alt. fuels gasification coal/gas to liquids waste-to-energy Public Policy incentives and subsidies Inter-jurisdictional cooperation environmental regulations pollution limits climate policy public health Environmental carbon offsets RECs tags / certifications Markets Preservation clean carbon lifecycle management sequestration potable water pollution control remediation Advanced Energy Technologies advanced batteries fuel cells EV/HEV/PHEV hydrogen Advanced Materials carbon fiber advanced alloys green polymers and chemicals epoxies composites Efficiency Solutions demand-side supply-side smart grid intelligent energy Nanotechnology energy storage power transmission energy efficiency remediation water purification pollution control 14

4 Greentech Overview Venture Capital Investment in Greentech: Achieves Leading Category of Investment Greentech Venture Capital Investment through Q (1) Percent Change Investment In $ Millions Venture capital investment in Greentech has been growing steadily over the last several years, recently becoming the leading venture investment category in the U.S. for the first time ever The trend continued through 2006 with nearly $3.0 billion invested in the sector, a 78% increase over 2005; investment in Q was at the highest level in the past eight years Despite a decline in volume in Q4 2007, investments ramped up again in 1H08 and we expect to continue throughout the year and into 2009 (1) Cleantech Venture Network, as of July 20,

5 Greentech Overview Recent Greentech Initial Public Offerings Source: CapitalIQ, Thomson Banker; as of August 10,

6 GE Energy Financial Services Renewable Energy ACG August 27, 2008

7 GE- The Right Mix for Growth GE Key Facts/Honors: Founded by Thomas Edison in 1878 as the Edison Electric Co. Only company still listed in Dow Jones Industrial Index since global businesses operating in more than 100 countries 315,000 employees worldwide $173 billion in revenues, 2007 AAA Rated World s Most Respected Company ( ) Financial Times 2007 America s and World s Most Admired Company (#1) Fortune Magazine GE Infrastructure GE Industrial GE Commercial Finance GE Consumer Finance GE Healthcare NBC Universal Energy Financial Services Energy Water Oil & Gas Rail Aircraft Engines Commercial Aviation Services 18 / GE /

8 Energy Financial Services Renewable Energy Portfolio $4 Billion Renewable Energy Portfolio Geothermal 1% Solar 5% Biomass 4% Hydro 6% Biofuels 3% Wind 79% MW Venture Capital 1% 30+ Person Dedicated Team Global Mandate Range of Financial Products Project and Venture Investing Large Solar PV and Run-of- River Hydro Projects Diverse Portfolio of Technology Providers (GE and non-ge) US Carbon Credit Business w/ AES Goal $6 Billion by end of / GE /

9 Select Wind Investments Wind Wind Wind Structured equity in 129 MW project in WI, 150 MW project in TX, 99 MW project in IL January & May 2008 Wind Structured equity in 36 MW Snyder (Texas) and 101 MW Smoky Hills (Kansas) projects December 2007 Wind Swap of 165 MW of German wind farms for equity in leading project developer based in France February 2007 Wind Structured equity in 6 New York wind farms totaling 641 MW, totaling 80 percent of NY wind capacity. June 2007 & July 2008 Wind Structured equity investment alongside Wachovia in 321 MW Sweetwater 4 and 5 projects in Texas May 2007 Wind Equity investment with UBOC in 205 MW Fenton project, Minnesota s largest wind farm January 2007 Wind Structured equity in 166 MW Hackberry project in Texas, tallest towers in US November 2006 EFS largest renewables investment $300MM structured equity in 600 MW, 4 project portfolio December 2007 Structured equity in MW Champion project in Texas, GE s 3 rd with Airtricity September / GE /

10 Select 2007 Non-Wind Transactions Hydro Solar Landfill Gas PALMER CAPITAL Equity and debt in 196 MW East Toba River and Motrose Creek projects. EFS first equity investment in Canada May 2007 Structured equity in an 8 MW portfolio of PPA-backed PV installations at 5 California sites December 2007 Acquired 90% LP equity in Scholl Canyon, one of the largest US landfill gas projects June 2007 Energy Storage Biofuels Carbon Developer of advanced Lithium Ion batteries for automotive and outer applications Jan & June 2008 Using DNA shuffling to create highly-efficient biocatalysts for production of biofuels, pharmaceuticals, and other products November 2007 Partnership to develop and market greenhouse gas emission reduction projects in the United States January / GE /

11 GE EFS Renewables Portfolio Equity* Debt Technology Wind Solar Hydro Geothermal Biomass & LFG Marine Venture capital Not Shown Canada Costa Rica Turkey China Japan Note: Wind and solar projects in Germany, France, Spain, and Morocco owned through GE EFS stakes in Theolia and Fotowatio not shown 22 / GE / * Includes leases

12 GE s Wind Project Equity Experience* Location MW Location Number of Farms California 88 2 Hawaii 21 1 Illinois Indiana Kansas Minnesota New York New Mexico 90 1 Oregon Pennsylvani a Texas 1, Wisconsin 99 1 Total 3, * Includes projects owned through GE EFS equity stake in Theolia MW Number of Farms Germany France Morocco 50 1 Total / GE /

13 Contact: Ray Weber, Senior Vice President Renewable Energy GE Energy Financial Services 500 West Monroe St., 10 th Floor Chicago, IL Phone: (312) / GE /

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20 Corporate Growth & Renewable Energy Craig Miller, ACG Chicago Shez Bandukwala, ThinkEquity Ray Weber, GE Energy Finance Ted Brandt, Marathon Capital