© Infinilec Pty Limited 2008 Infinilec Pty Limited Presentation for: ISES ANZSES Asia Pacific 3rd Regional Solar & Energy Congress 2008 Industry Forums section November 26, 14:00

© Infinilec Pty Limited 2008 Infinilec Pty Limited ABN Solar Central Power Station Moree, NSW

© Infinilec Pty Limited 2008 Summary Introducing Infinilec Introducing Infinilec Solar Energy Solar Energy “Hot Spot” Opportunity “Hot Spot” Opportunity The Proposal The Proposal Solar Power Industry Solar Power Industry Infinilec’s Technology Infinilec’s Technology Action! Action! Questions Questions

© Infinilec Pty Limited 2008 Introducing … Infinilec Pty Limited

© Infinilec Pty Limited 2008 Who are we? Infinilec is a wholly Australian company based here in Sydney. Infinilec is a wholly Australian company based here in Sydney. We are developers of very high efficiency solar thermal electricity generation technology. We are developers of very high efficiency solar thermal electricity generation technology. Our highly scalable technology is suitable for use in large regional solar power stations. Our highly scalable technology is suitable for use in large regional solar power stations.

© Infinilec Pty Limited 2008 Solar Energy

© Infinilec Pty Limited 2008 The Obvious Advantages Solar Energy is… Completely FREE Completely FREE Plentiful Plentiful Renewable RenewableAnd… Has NO Greenhouse emissions!!! Has NO Greenhouse emissions!!!

© Infinilec Pty Limited 2008 To tap solar energy we need: Consistent clear skies = sunny location Consistent clear skies = sunny location Lower latitudes for good insolation Lower latitudes for good insolation But also… A location close to customers, and A location close to customers, and Available land. Available land. Where to Get it?

© Infinilec Pty Limited 2008 “Hot Spot” Opportunity NSW has a location with: An average of more than 9hrs a day sunshine An average of more than 9hrs a day sunshine Peak 7.4 kWh/m^2/day or 27 MJ Peak 7.4 kWh/m^2/day or 27 MJ Existing 132 kV connection to the NSW and ultimately the national grids. Existing 132 kV connection to the NSW and ultimately the national grids. Suitable land Suitable land Potential geothermal supplementation Potential geothermal supplementation

© Infinilec Pty Limited 2008 Also… Greater insolation than that seen at the $2 billion Mojave Desert solar park in California, USA! Greater insolation than that seen at the $2 billion Mojave Desert solar park in California, USA! So where is it?

© Infinilec Pty Limited 2008 Daily Sunshine

© Infinilec Pty Limited 2008 Daily Sunshine Moree

© Infinilec Pty Limited 2008 Solar Intensity Moree

© Infinilec Pty Limited 2008 Solar Intensity Moree

© Infinilec Pty Limited 2008 NSW Grid Moree

© Infinilec Pty Limited 2008 National Grid Using existing infrastructure a solar power station located near Moree is able to feed power into the NSW and through Interstate Exchanges into the National Grid. Using existing infrastructure a solar power station located near Moree is able to feed power into the NSW and through Interstate Exchanges into the National Grid.

© Infinilec Pty Limited 2008 The Proposal

© Infinilec Pty Limited 2008 A Bold Plan March 2007 and the Liberal NSW state opposition put forward a plan to back a $200 million 300 MW solar project in the north-west. March 2007 and the Liberal NSW state opposition put forward a plan to back a $200 million 300 MW solar project in the north-west. We now have technology which can make this power station a cost effective reality. We now have technology which can make this power station a cost effective reality. …Infinilec’s solar thermal generator.

© Infinilec Pty Limited 2008 Solar Powered Heat Engine and Electric Generator

© Infinilec Pty Limited 2008 Solar Thermal Infinilec propose: A Parabolic dish - 100m 2, 12m diameter A Parabolic dish - 100m 2, 12m diameter This is the most efficient way of capturing energy and directing it to the engine. With Infinilec’s heat engine generator With Infinilec’s heat engine generator Heat Engines have already shown the greatest efficiency in converting solar energy (31.25%)

© Infinilec Pty Limited 2008 Power Station Array

© Infinilec Pty Limited 2008 Power Station An array of dishes can be built to provide peak power requirements An array of dishes can be built to provide peak power requirements

© Infinilec Pty Limited 2008 Practical? Infinilec’s solar thermal generator installed with parabolic dishes could produce electricity: At a rate cheaper than coal fired power At a rate cheaper than coal fired power With no emissions! With no emissions!

© Infinilec Pty Limited 2008 Solar Power Industry

© Infinilec Pty Limited 2008 Renewables Year 2020 has a 20% renewable target. Year 2020 has a 20% renewable target. Emissions trading is to be introduced in 2010 Emissions trading is to be introduced in 2010 Market expectations are for the availability of grid based renewable electricity supplies. Market expectations are for the availability of grid based renewable electricity supplies.

© Infinilec Pty Limited 2008 Power Needs Extra power generation capacity is needed: Increasing population Increasing population Growing economy Growing economy Replacing aging existing infrastructure Replacing aging existing infrastructure Zero emission targets Zero emission targets Market expectations Market expectations

© Infinilec Pty Limited 2008 Peak Load Peak electricity demand times are during daylight hours Peak electricity demand times are during daylight hours Perfectly matches available sunshine times. Perfectly matches available sunshine times. Solar thermal power station could also produce base load power through thermal supplementation technologies. Solar thermal power station could also produce base load power through thermal supplementation technologies.

© Infinilec Pty Limited 2008 Thermal storage Excess heat could be stored for use in times of near peak electricity demand soon after sun set. Excess heat could be stored for use in times of near peak electricity demand soon after sun set. Using molten salts for thermal storage is currently accepted for base load power requirements overseas. Using molten salts for thermal storage is currently accepted for base load power requirements overseas.

© Infinilec Pty Limited 2008 Employment This project has the potential to employ up to 1700 people in regional NSW. [1]

© Infinilec Pty Limited 2008 Greenhouse Gases A 500MW conventional power station 2.7 million tonnes carbon dioxide A 500MW conventional power station 2.7 million tonnes carbon dioxide Combined-cycle gas turbines 3 million tonnes carbon dioxide / year [2] Combined-cycle gas turbines 3 million tonnes carbon dioxide / year [2] Brown coal-fired plant 7 million tonnes carbon dioxide / year [2] Brown coal-fired plant 7 million tonnes carbon dioxide / year [2]

© Infinilec Pty Limited 2008 Geothermal Moree is located adjacent to a well known geothermal resource. Moree is located adjacent to a well known geothermal resource. Using heat from below the ground could supplement the day time solar electricity generation. Using heat from below the ground could supplement the day time solar electricity generation.

© Infinilec Pty Limited 2008 Power Price currently coal generated power is around $70 a megawatt hour, and that's without any pricing the carbon pollution. currently coal generated power is around $70 a megawatt hour, and that's without any pricing the carbon pollution. We expect to be able to produce power at a rate cheaper than coal. We expect to be able to produce power at a rate cheaper than coal.

© Infinilec Pty Limited Target The federal Government has set a target of 20% renewables by This is supported by the Mandatory Renewable Energy Target of 45,000 gigawatt hours (GWh) per year. The federal Government has set a target of 20% renewables by This is supported by the Mandatory Renewable Energy Target of 45,000 gigawatt hours (GWh) per year. This ambitious target is difficult to reach because of cost factors of other renewables This ambitious target is difficult to reach because of cost factors of other renewables Infinilec are creating lower cost technology. Infinilec are creating lower cost technology.

© Infinilec Pty Limited 2008 Infinilec’sTechnology

New from 1824! As first proposed by: Nicolas Léonard Sadi Carnot

© Infinilec Pty Limited 2008 Our Technology New engine design featuring innovative pistons in cylinders New engine design featuring innovative pistons in cylinders Non reciprocating Non reciprocating Valveless 2-stroke style simplicity Valveless 2-stroke style simplicity 4-stroke style efficiency 4-stroke style efficiency

© Infinilec Pty Limited 2008 Technology in Detail Carnot cycle style heat engine (Proprietary technology) Carnot cycle style heat engine (Proprietary technology) Engine cycle features: Engine cycle features: 1. Efficient heating of gas (Helium) in the hot cylinder for the power stroke 2. Cooling of expanded gas 3. Practical cooling of gas in exhaust cylinder 4. Pre-compression and heating, then repeat.

© Infinilec Pty Limited 2008 Technology Elegant and simple thermal engine. Elegant and simple thermal engine. Highest solar energy conversion efficiency Highest solar energy conversion efficiency High reliability High reliability Low cost and extreme simplicity. Low cost and extreme simplicity.

© Infinilec Pty Limited 2008 Advantages High engine efficiency High engine efficiency Simple and reliable engine technology Smaller ground footprint of dish Simple and reliable engine technology Smaller ground footprint of dish Two axis tracking for maximum efficiency Two axis tracking for maximum efficiency Not an extra burden on existing water supplies unlike steam turbine technology. Not an extra burden on existing water supplies unlike steam turbine technology. Highest solar energy conversion efficiency from Infinilec’s generator Highest solar energy conversion efficiency from Infinilec’s generator

© Infinilec Pty Limited 2008 Action!

Funding Private investors Private investors Institutional investors Institutional investors NSW State assistance NSW State assistance Federal government grants Federal government grants

© Infinilec Pty Limited 2008 Conclusion Solar hot spot Solar hot spot Existing electricity grid Existing electricity grid Suitable land Suitable land = Moree’s significant solar energy opportunity Infinilec’s technology + Moree = practical solar power station opportunity Infinilec’s technology + Moree = practical solar power station opportunity

© Infinilec Pty Limited 2008 Other Opportunities Our technology is also suitable for a wide range of sizes of solar thermal power generation projects. Our technology is also suitable for a wide range of sizes of solar thermal power generation projects. From residential, to commercial and industrial applications. From residential, to commercial and industrial applications. Infinilec will discuss their technology offering in these contexts also. Infinilec will discuss their technology offering in these contexts also.

© Infinilec Pty Limited 2008 High yield solar site High yield solar site New Engine Technology New Engine Technology Large scale exploitation of solar power now a reality. Large scale exploitation of solar power now a reality. For Australia

© Infinilec Pty Limited 2008 Questions

Opportunity Joint Venture expressions of interest welcome: Contact Wesley Warren Phone (+61) Phone (+61) Mobile Mobile Web. Web. Solar Central Power Station Moree, NSW

© Infinilec Pty Limited 2008 References