SEPT 14, 2009 A New Secure Renewable Energy Source For Defense and Commercial Applications 1 Pierre Cannon Sumon Nandy Amy Nandy Ocean Thermal Energy Conversion

Problem Statement World is looking for alternatives to oil Carbon gas emission reduction goals Renewable energy sources needed for sustained security “Baseload” power is necessary to support existing energy grids Land for development of power plants is limited and may come at a premium 2

OTEC Process 3

4 Ocean Water Temperatures Clean Baseload Renewable Energy 4

Lockheed Martin - Sponsor Delivered first OTEC plant in “Mini-OTEC” at 50 kW was the first and only successful ocean system Focus on providing secure energy to naval bases Currently designing a pilot plant for testing in Hawaii Recently awarded naval facilities contract to develop commercialization plan for the technology 5

6 Clean, Secure, Renewable Energy and Water Source Electricity Generation For Commercial GRIDS Electricity Generation For Commercial GRIDS OTEC can generate power reducing dependence on fossil fuels Hawaii Guam Taiwan / India Australia Florida / Gulf States Expanded Mission: Nation Building Expanded Mission: Nation Building OTEC can generate power and water to assist developing economies (84 Nations) Expanded Energy Market Expanded Energy Market Fuel Production Ammonia Hydrogen Synthetic Fuels

OTEC is a large, new, clean, renewable energy source New Industry and New Jobs Path to commercialization requires Focused technology risk reduction Integrated demonstration at a megawatt scale Commercialization paves the way for large scale system deployment to numerous areas around the globe Summary OTEC has ability to Transform Energy Market 7

Proposed Project Complete Feasibility Study Work with sponsor to select preferred region Establish possible points for OTEC deployment Select 1 location for further, more detailed design and development Value-Add to Sponsor Provide more in-depth analysis of selected region Possible locations for system deployment and analysis of feasibility of these locations for commercialization Analysis of single location in-depth, including local infrastructure and environmental conditions 8

Proposed Scope Work with sponsor to narrow scope to one region: Proposed regions include: India, Africa, or Caribbean Team to complete an initial analysis of coastal areas Trade study to evaluate 2-4 off-coast locations to select best location for concept development Trade study to incorporate ocean conditions; economic needs; power interfaces, etc. Select one location for further design and development 9

Project Scope Concept design Requirement decomposition & allocation Economic constraints / financing Weather constraints Trade Studies Determine focus for system: Energy or Water? External Interfaces Power cabling / Water transport Local utility companies; Power needs Standards Environmental Regulations; Material Selection/Handling Develop supporting documentation Develop course deliverables 10