1. Panel Discussion: Engines of Innovation: New Technologies & Practices Panelists: Doug Rose, Ph.D., Vice President of Technology Strategy, SunPower Corporation Rolf Gibbels, Global Power Generation Solution Leader, Energy & Utilities Industry, IBM Patty Senecal, Manager, Southern California Region & Infrastructure Issues, WSPA Jeff Reed, Director of Business Strategy and Development, Southern California Gas Company Moderator: Rebecca Boudreaux, Ph.D., President, Oberon Fuels

2. SunPower Corporation Solar Technology and Energy Services Provider 2012 revenue $2.4 billion > 5,000 employees worldwide Strategic investment by Total SA, #11 global F500, provides financial strength and market access Dual, global platforms: distributed generation and power plants >1,800 dealer partners worldwide Unique, superior PV panel technology with record breaking efficiency 1 for lower LCOE and lower risk Systems solutions include tracker and grid services technologies >200 patents worldwide POWER PLANTSCOMMERCIALRESIDENTIAL 1 SunPower holds the world-record large Silicon panel efficiency (21.4%). Green, M. A., et al., “Solar Cell Efficiency Tables (version 39),” Progress in Photovoltaics, 2013, vol. 21, p1-11.

3. 3 © 2013 SunPower Corporation Crystalline silicon PV and balance of system technologies have been, and will continue to be, the most important technology drivers of growth – c-Si market share now ~90% (up from 80% 6 years ago) – PV module prices have dropped by more than 80% in last 6 years – 35 GW of PV to be installed in 2013 (>1000% increase vs. 6 years ago) – PV LCOE is below conventional sources in some locations Some SunPower examples of continuing innovation: – Power plant grid services (e.g., AVR, PF Control, Dynamic VAR control) – Industry-leading reliability science and performance validation See, for example, “Validation of the PVLife model against 3 million module-years of live-site data”, E. Hasselbrink, et. al, Presented at the 39th IEEE Photovoltaic Specialists Conference, June 16-20, 2013, Tampa, Florida. – Continued cost reduction and performance improvement SunPower ® C7 tracker (Low concentration PV system) SunPower ® X-Series Solar Panels: > 21% efficiency all-black modules

4. © 2013 IBM Corporation E&U Global Power Generation Industry Solutions Leader Rolf Gibbels rgibbels@us.ibm.comrgibbels@us.ibm.com Smarter Energy Improve Generation Performance The growing importance of information management, analytics and big data

5. Smarter Energy for a Smarter Planet © 2013 IBM Corporation SERI Website: http://www.research.ibm.com/client-programs/seri/index.shtmlhttp://www.research.ibm.com/client-programs/seri/index.shtml SERI Video: http://bit.ly/RhfT02http://bit.ly/RhfT02 SERI Press Release:http://ibm.co/RcUjJWhttp://ibm.co/RcUjJW Smarter Energy Research Institute ( SERI )

6. Smarter Energy for a Smarter Planet © 2013 IBM Corporation Outage Planning Optimization Asset Management Optimization Integration of Renewables & DER Wide-Area Situational Awareness The Participatory Network SERI Projects $14B annual lost value due to storms. Improve outage restoration Predict failures before they happen. Apply analytics and big data. Reduce need for power reserves, minimize demand-supply mismatch through advanced forecasting. Identify grid anomalies and alert operators before massive black outs Understand customer behaviors on operations through data-driven analytics

7. Smarter Energy for a Smarter Planet © 2013 IBM Corporation Sophisticated forecasting and analytics matures renewables energy market HyREF – Hybrid Renewable Energy Forecasting

9. A Cleaner Alternative to Diesel Rebecca Boudreaux, Ph.D. President

10. NO carbon-carbon = NO soot/particulate matter No sulfur, low NO x Not tied to the price of crude oil Multiple feed stocks (biogas, natural gas) Handles like propane Clean-burning Fuel Dimethyl ether (DME)

11. Cost-effectively converts methane and CO 2 to DME

12. Skid-mounted Fuel Production April 15, 2013 Chicago, IL May 17, 2013 Brawley, CA 12

13. Patty Senecal WESTERN STATES PETROLEUM ASSOCIATION

14.  96 percent of California’s transportation fuels are petroleum based  CA utilizes 43 million gallons of gasoline and 14 million gallons of diesel fuel every day  CA produced more than 2 million gallons of gasoline and diesel fuel every hour, 365 days a year  CA is the third largest fuel consuming entity on earth, behind the US as a whole and all of China  Global energy demand will grow 35%, as the world’s population expands from about 7 billion people to nearly 9 billion by 2040, led by growth in Africa & India (Exxon Mobil 2013 Outlook for Energy: A View to 2040). The Demand - Scale 14

15. WESTERN STATES PETROLEUM ASSOCIATION 15 Petroleum and natural gas are fuels of the future Source: U.S. Energy Information Administration

16. 16 Oil Industry Expenditures on Innovations

17. US Oil and Natural Gas industry is developing next – generation forms of energy and cleaner fuels & products. Between 2000-2010 industry invested more than $71 billion in new low and zero emissions technologies. Or 38% of the 188 billion spent by US Government & other industries was from oil and gas industry. Efficiency will continue to play a key role in solving our energy challenge. US Oil and Natural Gas companies are pioneers in ‘energy efficiency’ of producing and refining petroleum and gas. CCS - US oil and gas are at the forefront of developing “carbon capture and storage technology or CCS to reduce carbon dioxide (CO2) emission by storing them underground.

18. U.S. Department of Energy “Capturing carbon emissions and storing them underground is a crucial technology as we build a clean energy future and address the threat of climate change…these investments will create jobs and help ensure that America can lead the world in the clean energy economy.” Mary Nichols, Chair California Air Resources Board “I think it’s important to reiterate the fact that we (CARB) think California is an ideal place for doing sequestration because of the geological formations and oil industry that’s here.” George Peridas, Scientist, Climate Center Natural Resources Defense Council “In California, CCS can materially help the state meet its long term emission reduction goals.” Environmental Defense Fund “One technology in particular has the potential to make a huge contribution in reducing CO2: carbon capture and sequestration (CCS), also sometimes referred to as carbon storage.” Carbon Capture and Storage

19. 19 Energy Production in CA – Technology and Innovation Oil discovered in Kern County in 1899 – produced from hand-dug wells Howard Hughes introduces rotary drill in 1932 Lake View gusher, Kern County 1910 Steam injection for enhanced oil recovery introduced in 1961 Cogeneration produces stream for EOR, electricity for homes and businesses 3D seismic imaging

20. WESTERN STATES PETROLEUM ASSOCIATION Petroleum’s economic contribution to California  332,968 jobs (direct and indirect)  $17 billion in labor income  $22 billion in supplemental and proprietor income  $9.2 billion in taxes and fees to federal, state and local governments (excludes property tax revenues) Source: Purvin & Gertz, Assessment of Petroleum Industry Economic Impact to the State of California, June 2011, based on 2009 data CA 13 refineries produce 2 million gallons of gasoline and diesel fuel every hour of every day, 365 a year. 20