1 Athens Alternative energy solutions in Israel: technology and business trends Dr. Ofer Alon, CEO, GEG - Green Energy Group Ltd. Joel Weill, CEO, M & S - Management and Sustainability Ltd. Sustainable development and clean energy opportunities in Israeli and Greek markets Athens Conference, March 18 – 20, 2008 M&SM&S

Athens Alternative energy solutions in Israel: technology and business trends Athens Conference, March 18 – 20, 2008 Dr. Ofer Alon - Business portfolio 28 years experience as entrepreneur in versatile saving energy fields, owner of a variety of patents in the following areas: energy, energy saving, cooling & air-conditioning, work tools, handling & prevention of waste odors and so forth. An expert in the area of energy and acclimatization control for green buildings, function as a coordinator of standard requirements testing for green buildings. Holds shares in several companies in the arena of energy & environmental preservation. Engineering and business experience in Israeli and USA industries. Among Dr. Ofer Alon portfolio: Smart Energy Ltd. specializes in the implementation of unique technological solutions for energy savings in existing and new cooling & air-conditioning systems. Utilizes unique technologies for energy savings in conjunction with the creation of greater yields from the resources existing in the organization. Introduces systems in a wide range of companies around the world. A.T Efal Technologies Ltd. Involved in R&D projects with a wide variety of the energy technological fields. The company provides consulting services and planning services in air conditioning, environmental and cooling solutions. Climaton Ltd. A magazine focusing on energy and climatization as well as on air-conditioning and cooling areas. The magazine is considered the leading publisher in the abovementioned field. Constitutes a part of the prestigious European Environmental Press Association. GEG specializes in the implementation of green technological solutions and green building methods (Israeli standard American LEED).

Athens Alternative energy solutions in Israel: technology and business trends Athens Conference, March 18 – 20, 2008 M & S - Management and Sustainability Ltd. ( ): a. Management consulting: process improvement, risk and environmental management, corporate social responsibility. b. Business development of sustainable energy : energy management and savings, alternative energies, green building. ________________________________________________________ Joel Weill, M.Sc. 27 years of engineering, top management and business experience in Israeli and French industries 11 years (until 2006) Vice President of ORMAT, a global leader in geothermal and waste heat power plants Chairman of the Energy & Environment Commission in ICC-Israel (International Chamber of Commerce), member of the Energy Committee in the Manufacturers’ Association of Israel M&SM&S

Athens Alternative energy solutions in Israel: technology and business trends Athens Conference, March 18 – 20, 2008 Today when the cost of energy is continuously growing, energy management and savings and the use of alternative energies become a key factor in order to reduce the operation cost of any significant organization, either business or not-for-profit. M&SM&S

5 Athens To encourage & implement energy savings & renewable energies: Act based on business & economical profitability. Market & implement advanced and proven technologies. Public authorities must use a wide range of legal and techno-economical tools to promote the development, industrialization and use of “green” technologies. Alternative energy solutions in Israel: technology and business trends Athens Conference, March 18 – 20, 2008 M&SM&S

Athens Alternative energy solutions in Israel: technology and business trends Athens Conference, March 18 – 20, 2008 Why Israel has developed advanced technologies in energy management/saving & alternative energies? Because Israel has always suffered from an inherent gap between its energy offer and demand: On the offer side: Israel has no fossil and hydro energy sources and is an "electric island"; On the demand side: Israel economic growth has continuously been one of the highest among the developed countries, and the warm Israeli climate requires good air-conditioning (1/3 of electricity consumption in summer). And since 2004, energy cost reduction became a significant factor of Israeli industry competitiveness on the global market! M&SM&S

Athens Alternative energy solutions in Israel: technology and business trends Athens Conference, March 18 – 20, 2008 Based on pioneering regulations (1979), Israel became a world leader in solar water heating (85% of residential buildings, most advanced technology, export to 35 countries). Many other energy management, energy saving and alternative energy technologies have been developed in Israel by the academic and industrial sectors. M&SM&S

Athens Alternative energy solutions in Israel: technology and business trends Athens Conference, March 18 – 20, 2008 The Israeli industry offers advanced and proven technologies in the following fields: 1. Energy management and savings Comprehensive energy surveys Energy monitoring systems Lighting efficiency Air-conditioning optimization Green building Energy cost reduction in industrial processes M&SM&S

Athens Electricity ~ 3.6 billions NIS (650 millions Euros) Fuel ~ 3.5 billions NIS (640 millions Euros) Total energy cost ~ 7 billions NIS (1.3 millions Euros) Energy saving potential of 20% ~ 1.4 billions NIS (250 millions Euros) per year. M&SM&S

Athens Alternative energy solutions in Israel: technology and business trends Athens Conference, March 18 – 20, 2008 The Israeli industry offers advanced and proven technologies in the following fields: 2. Alternative/Renewable Energies Water heating solar systems. Power generation based on solar systems (thermal and photovoltaic). Power generation based on wind energy. M&SM&S

Athens Alternative energy solutions in Israel: technology and business trends Athens Conference, March 18 – 20, 2008 The Israeli industry offers advanced and proven technologies in the following fields: 2. Alternative/Renewable Energies (cont’d) Power generation based on: Municipal or agricultural waste. Industrial waste heat. Geothermal resources. M&SM&S

Athens Alternative energy solutions in Israel: technology and business trends Athens Conference, March 18 – 20, 2008 GEG – Green Energy Group Ltd. M & S - Management and Sustainability Ltd. cooperate with the major energy management, energy saving and alternative energy industries in Israel and will be honored to offer their competence and contacts to Greek institutions and industries _____________________________________________ Thank you for your attention ! M&SM&S