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					APEC Renewable Energy
    Finance Forum

Comments on American Council on Renewable
   Energy (ACORE) Meeting in New York

Presented by Terry Surles, Pacific International
    Center for High Technology Research
                 on behalf of
         Mike Eckhart, ACORE CEO
                May 14, 2004
    One of the Leading Growth
                           st
 Industries in the Early 21 Century
• Markets Must Adjust Due to Security
  Concerns
• Alternative Investment Vehicles
• Global Market Growth for Electricity
• Global Warming
• Fossil Fuel Price Volatility
• Electricity Deregulation
     Recent Growth Has Resulted In
    Global Annual Renewable Energy
        Installations of $15 Billion
•   Invention and Discovery
•   Major Technology Changes
•   Major Market Needs
•   Government Incentives – for All Energy Systems
•   Government Renewable Resource Assessments
•   Technology/Institution Linkages
    Product Segmentation

                                     Hydrogen
             SOLAR ELECTRIC

FUEL CELLS
                                      BATTERIES
                                       BATTERIES
                     SOLAR THERMAL

   MICRO-
  TURBINES
                         BIOMASS
                                         SYSTEMS/
       CLEAN FUELS                      COMPONENTS
    Photovoltaic Growth


                          D




                     C
             B
A
    Investment Criteria are Consistent
           with Silicon Valley
•   Strong Management Team
•   Technology Based
•   Proprietary Product
•   Substantial Capital Appreciation
•   Limited Legal/Financial Downside
•   Venture Stage: Pre-commercialization to
    Expansion
  The Powerlite Story: An Example of
  Public Goods R&D Linking to Public
           Policy Incentives
• Idea for PV Buildings Energy efficient Material
  Discussed with CEC
• Seed Money for Tech Development from CEC, later
  supplemented by USDOE
• Technology Commercialization Helped by California
  Renewable “Buy-Down” Program. Installation
  subsidized by up to $4.50/watt
• One of the Largest PV Building System in Nation at
  St. Rita Jail – 1 MW
• $30M/year, 100 employees; contact John Shugar
   Renewable Energy Finance
      Forum-Wall Street
• Co-organized by ACORE and Euromoney
  Energy Events
• All U.S.-based Renewable Energy
  Associations Involved
• Attempts to Coordinate of Renewable
  Industry Similar to Coal, Oil, and Nuclear
• Keynote by Governor Pataki
         Some Speakers and their
           Affiliations Include:
•   Steve Zwolinski, President, GE Wind Energy
•   Bruce Braine, Vice President, American Electric Power
•   Mark Riedy, Partner, Pillsbury Winthrop LLP
•   Jonathan Johns, Partner, Ernst & Young
•   Michael Ware, Managing Director, Advanced Capital
    Markets
•   Steven Sishaver, Director of Structure Finance, FPL
    Energy LLC
•   Steven Greenwald, Managing Director for Global
    Finance, Credit Suisse First Boston
•   Chris Walker, Managing Director, Swiss RE
•   Nancy Floyd, Director, Nth Power
•   Phil Deutsh, Director, PERSEUS Capital

				
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posted:7/12/2013
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