1. Wave & Tidal energy 1

2. Wave energy resource 2

3. Wave Energy technology onshore nearshore Offshore - floating 3

4. Wave Energy - examples 4

5. 5 Systems & Technology LCL Filter Active Bridge Inverter AC890 Drive Control 60Hz 0-90Hz POWER WAVE ACTION Hydraulic Pump Motor Parker PMAC Generator Piston Buoy Tether ULTRACAPACITOR BANK Kw Mw Power

6. Tidal Current resource 6

7. Tidal – underwater turbines 7

8. Tidal – new concepts 8

9. Major Policy Drivers  NI - Offshore Renewable Energy Strategic Action Plan (ORESAP) –Launched March 2012 –Crown Estate Leases awarded October 2012 –Tidal & offshore wind projects under development  Ireland - Offshore Renewable Energy Deployment Plan (OREDP) –Launched Feb 14 –€56m for tech development and pilot projects  Europe – Ocean Energy Forum –10 pilot arrays by 2020 –1,000MW deployed by 2030 9

10. Big companies & large investments Investor CompanyYearTechnologyMaturity levelInvestmentValuation SSE Aquamarine2007WavePHASE 1: R&D£6.3m£14m Alstom AWS2011WavePHASE 1: R&D Est. multi- million Est. £5m Statkraft Atlantis2009TidalPHASE 1: R&D$14mN/A DCNS Openhydro2011TidalPHASE 2: Sea tests€14m€175m ABB Aquamarine2010WavePHASE 2: Sea tests£8m£55m Alstom TGL2012TidalPHASE 2: Sea testsAcquisition£46m Siemens MCT2010Tidal PHASE 3: Pre- commercial £8.5m£50m+ Siemens MCT2012Tidal PHASE 3: Pre- commercial Acquisition £50m+

11. Wide range of Engineering activities  Mechanical design  Hydrodynamics  Naval Architecture  Offshore operations  Model testing  Civil Engineering Power systems Foundations Mooring systems Electrical & electronics Control systems Environmental assessments

12. Technology stages 12

13. Research and Test Facilities Wave Energy Test Site, Belmullet ¼ Scale Wave Energy Test Site, Galway Bay MERC, Cork SeaGen/QUB at Strangford Lough

14. Westwave – ESB’s commercial demo  Opportunity to develop world first  €35M capital spend / annual O&M €1.4M  €20M support secured from EU NER300 fund  Supply chain studies highlight opportunities  www.westwave.ie www.westwave.ie

15. Industry Associations & Events  MRIA – annual forum in Dublin  Renewable UK  EU Ocean Energy Association  All Energy Conference, Scotland 15

16. 16

17. Marine Energy Technical Services Clients Device Developers/Manufacturers Marine Energy Site Developers Government Copyright Pure Marine Gen Ltd CONFIDENTIAL 17

18. Wave & Tidal energy 18