Simon De Pietro Managing Director – DP Energy DP Energy - Update Simon De Pietro Managing Director – DP Energy

DP Energy – About Us

Potential for Marine Energy Ocean Energy can provide 10% of Europe’s electricity by 2050 – 100GW 100GW of ocean energy can power 76 million European households

DP Energy – Tidal UK Westray South Project West Islay Tidal 30 MW Fair Head Tidal 100 MW Westray South 200 MW Westray South

DP Energy – Tidal Canada Berths C & E 2 x 4.5 MW demonstration sites with proposed Atlantis AR1500 devices and Andritz HS1000 devices

DP Energy – Motivation 1. Technology Readiness Early arrays needed to progress to full scale commercial projects 2. LCOE Reduction Industry needs installation and O&M learning, to bring down LCOE 3. Predictability Not all electrons have the same value. Predictability & time of generation can be as important as quantum 4. Resource 800-1,500TWh of energy extractable using existing technologies – resource is not an issue 5. Potential for base load Improvements in storage mean hybrid sites could provide base load in the near future