1. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media Hans Chr. Soerensen Residence Palace, Brussels 10th February 2009 SUSTAINABLE ENERGY GOES MAINSTREAM Where EU energy projects meet the media Wave Dragon from research to business Insert here your logo

2. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media Wave Dragon

3. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media Wave Dragon principle Turbine outlet Reservoir Waves overtopping the doubly curved ramp The Wave Dragon is a slack-moored wave energy converter that can be deployed alone or in parks wherever a sufficient wave climate and a water depth of more than 25 m is found. Climate Power production 12 kW/m 1½ MW 4 GWh/y/unit 24 kW/m 4 MW 12 GWh/y/unit 36 kW/m 7 MW 20 GWh/y/unit 48 kW/m 12 MW 35 GWh/y/unit Wave reflector

4. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media Mooring principle

5. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media Adjusting to the waves

6. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media Wave Dragon video

7. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media Development phases for Wave Dragon 1Scale 1:50 Test in Wave tanks 1998 – 2002 1m€ Hydraulic behaviour Survivability Response different wave climates ENS & EU: 50% 2Scale 1:1 in a real sea modelling the North Sea in 1:4½ 20kW 2002 – 2006 5m€ Power production, grid connection Operational management Model laws valid Survivability ENS, PSO, EU: 50% 3Scale 1:1 in the Celtic Sea 7MW 2006 – 2010 25m€ Scaling feasibility Demonstration O&M CT, WAG, EU #PhaseTo be obtained

8. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media Commercial Projections

9. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media Looking for injection of share capital Looking for €50 million in new share capital for 75% of the shares Having utility kind of investor ready looking for sharing the injection In tranches beginning with finalizing the design for projects in UK, Portugal, Ireland and Denmark €0.5m

10. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media Regions where wave energy is most feasible 0o0o 30 o 60 o 30 o 60 o 1 TW1 TW The western wind belt with the wave energy density in kW/m * * 13 50% of World energy demand can be covered by wave energy, WEC 2004

11. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media DTI - UK expectations

12. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media Worlds electricity consumption 16,000 TWh/year Ocean Energy Potential The theoretical global resource is estimated to be in the order of: –8,000 - 80,000 TWh/year for wave energy; –800 TWh/year for tidal current energy; –2,000 TWh/year for salinity gradient energy; –10,000 TWh/year for ocean thermal energy IPCC report January 2008 Source: EC SET plan, World Energy Council

13. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media Wave Dragon – published data

14. SUSTAINABLE ENERGY GOES MAINSTREAM: Where EU energy projects meet the media Thank You www.wavedragon.net