1. Innovation & Successful Partnerships Summit September 2, 2010 Robert West Director - OEI 207-593-7725 www.oceanenergy.org

2. Ocean Energy Institute Founded by Matthew Simmons Founder of Simmons & Co Int’l. Peak Oil – “Twilight in the Desert” To utilize clean ocean energy to replace our dependency on declining fossil fuels World oil demand - 40 MB/day new oil required by 2030 (40% of world total) Economics and security Water scarcity is also a global issue 2

3. The Ocean Energy Institute is: A think-tank creating collaborative R&D teams for ocean energy projects A developer of ocean energy technology leading to the point of commercial feasibility A backer of ocean energy ventures A gathering place for ocean energy experts An ocean energy advocate educating stakeholders 3

4. OEI’s Charter The development of ocean energy in all forms: Energy Generation Wind (shallow and deep water) Tidal / Current / Wave OTEC / Bio-fuels / Hydrates / Seeps Derivatives of ocean energy Ammonia / Hydrogen Desalination / Sea Water A/C Use, Storage, Transmission 4

5. Accomplishments 2007 - 2010 Created the initial public awareness of Maine’s wind energy potential- public meetings / lectures /press Influence OEI determined that 5 GW of wind energy would make Maine independent (2008) Governor’s task force created - sets 5 GW target by 2030 (2009) Legislation passed setting 5 GW as goal (2010) Energy Ocean 2010 Award for Education Affiliations – U /Maine; Nat’l Corr. Center (Rice) 5

6. Possible application areas Complex systems in harsh, inaccessible environments Self test / monitoring, FMEA, design redundancy, modular replacements, reliability Program management of complex projects Teaming concepts Infrastructure diagnostics Oil / gas, water, smart grid, transportation, tankage Shock / vibration / environmental testing Aerodynamics & wind turbine design Power controllers / battery technology 6

7. Areas of Interest Ammonia synthesis (storage / fuel) * Anchorage/Mooring Corrosion detection and protection Deep water submersible structures Filtration, Desalination, Membranes * Floatation materials and devices Fuel cells * Heat pumps Power transmission (nano / superconductor / ?) Project engineering Structural and high strength materials (composites) * Wind turbine design 7

8. Areas of Interest Air liquefaction Dynamic Positioning and tracking systems Geographic Information Systems (GIS), especially for ocean-related applications High strength fabrics * High volume pumping Instrumentation, especially wind, current, waves, and meteorological * Marine systems engineering and design Metrology/Signal processing Optimization and control software development, 8

9. Areas of Interest Refrigeration and heat exchangers * Sensors and control systems, especially for power-related applications Sub sea cables and connectors Sub sea pipeline Welding and joining technologies 9