Stirling revolutions, made in Sweden

Ecosummit Berlin May 19th, 2015

© 2015 Cleanergy AB. All rights reserved.

Daniel Clarhed Business Development Manager [email protected]

Why Do Municipalities Still Burn Money?

Instead, convert all that wasted gas from cost to opportunity! Cleanergy’s GasBox™ converts dirty methane emitted from e.g. closed landfill sites into electricity and heat. Thousands of landfills in Europe can now valorize the otherwise wasted gas.

Stirling technology, reinvented

Our stirling solutions turn solar power and gas into electricity and heat for customers all over the world. Headquartered in Gothenburg, Sweden, with around 80 employees, and with presence at 6 sites globally. Our (former Volvo) production facility is built around the latest lean manufacturing principles and is supported by a network of automotivegrade suppliers.

Our investors include the renowned Wallenberg family of industrialists, along with the Nobel Foundation

© 2015 Cleanergy AB. All rights reserved.

Turning waste into wealth

© 2015 Cleanergy AB. All rights reserved.

Landfill example: Conventional CHP engines Cleanergy GasBox™ Stirling technology

Time

The long tail of declining methane levels on landfills is an untapped energy source

© 2015 Cleanergy AB. All rights reserved.

Several areas of application: Landfill Landfill sites with low methane content typically have one option: flaring. GasBox solves this problem by converting low-grade methane gas into both electricity and heat – extending power production by 20 years or more compared to conventional CHP solutions.

Biogas Biogas from manure, food waste and plant residues can now be turned into sustainable energy thanks to GasBox. The system produces heat and power from biogas of any type and quality.

Treatment plants Biogas generated at waste water treatment facilities can effortlessly be converted into heat and power with Cleanergy’s Stirling CHP System.

© 2015 Cleanergy AB. All rights reserved.

The GasBox at a glance: CLEANERGY STIRLING CHP SYSTEMS

Cleanergy GasBox

© 2015 Cleanergy AB. All rights reserved.

GASBOX

Electricity

Heat

Power output

9 kW

25 kW

Energy sources:

- Low grade landfill gas & Biogas

Main application areas:

- Small scale combined heat & power (CHP) - Applications for landfills, biogas, and treatment plants

Operational History

- > 2,000,000 hours

A containerized turnkey system:

An integrated turnkey system, modular in size. It can be tailor-made for each site’s specific needs. © 2015 Cleanergy AB. All rights reserved.

Present sale strategy:

 Direct sales  Partner distribution

 ESCO offering Current installations (biogas applications only)

© 2015 Cleanergy AB. All rights reserved.

ESCO offering, UK example: Cleanergy Group

equity

equity

Partner

• Cleanergy Group provides working capital to Cleanergy UK on a preferred loan basis. • Cleanergy Group will sell engines to Cleanergy UK. Initially, this package will include a maintenance and operation undertaking until the service levels required to secure external funding are achieved. • Cleanergy Group will eventually receive a license fee from Cleanergy UK related to units sold.

AssetCo

SPV

SPV

OpCo

SPV

• Plant leased to customers on an ESCO basis for 10-15 years. • Units to be grouped in SPVs.

© 2015 Cleanergy AB. All rights reserved.

Cleanergy UK Ltd.

• Funding initially provided by Cleanergy Group but longer term through third party equity funding provider or asset finance vehicle.

• Cleanergy UK is operated by Partner. It will buy engines and support from Cleanergy Group. • Cleanergy UK has an obligation over time to repay any funding provided by Cleanergy Group.

Direct Sale Customers

• OpCo services initially provided by Cleanergy Group but over time skills are built up in UK. • Services sold to AssetCo and Direct Sale Customers providing ongoing revenue stream to Cleanergy UK. Any sale of OpCo need not be linked to a sale of AssetCo or individual SPVs.

• Direct plant sales to customers. • Only sold with a 5 years renewable maintenance contract.

Cleanergy Stirling CHP Systems Key messages:

• Don’t do nothing – there is an option to flaring today. • New sales channels and partners. • Follow our exciting world: www: www.cleanergy.com Blog: cleanergy.com/blog/ Twitter: @cleanergyco YouTube: Cleanergy

© 2015 Cleanergy AB. All rights reserved.

Stirling revolutions, made in Sweden

Daniel Clarhed Business Development Manager [email protected]

© 2015 Cleanergy AB. All rights reserved.