2. New Energy Corporation New Energy is a manufacturer of in-stream hydro power generation equipment Commercializing the EnCurrent vertical axis hydro turbine – fresh and salt water Size range is 5 kW to 250 kW per unit - may be increased with time 2

3. collaboration between industry, academia & government proven Canadian energy project sector new and emerging ocean technologies production solutions for ocean renewable energy Ocean energy technology companies Ocean power generation companies Ocean technology and fabrication companies Ocean engineering researchers, institutes and academia Federal Marine Energy R&D group/Interdepartmental Working Group Provincial ministries of energy and economic development Atlantic and Pacific coastal utilities International ocean energy companies 110 members

4. Hydrokinetic Power Generation - generation of power from a moving stream of water Rivers CanalsCanals Industrial Outflows Industrial Outflows Tides Tides 4

5. Early stage – commercial demonstration Smaller fresh water systems being commercially deployed Tidal demonstration sites Verdant Power – East River Clean Current – Race Rocks Tidal demonstration centres EMEC - European Marine Energy Centre FORCE – Fundy Ocean Research Centre for Energy

6. 6 Yukon River Intertribal Watershed Council First grid-connected hydrokinetic project in the US

7. Low-flow 25 kW System on Mackenzie River River over 1 km wide at Fort Simpson Installation June of 2010 7

8. Alaska Power & Telephone Project Tendered to ABS/New Energy in 2009 Installation in June 2010 October 5, 2010 8

9. Four 25 kW Systems Downstream of Water Control Dam Equipment deployed in December of 2009 to test the impact of multiple turbines 9

11. Awaiting final report “Preliminary results are favorable. No Atlantic salmon smolts were killed or visibly injured in either the treatment or control condition. Likewise we saw no clear evidence of strike injuries among American shad… ”

12. Early stage – commercial demonstration Smaller fresh water systems being commercially deployed Tidal demonstration sites Verdant Power – East River Clean Current – Race Rocks Tidal demonstration centres EMEC - European Marine Energy Centre FORCE – Fundy Ocean Research Centre for Energy

13. www.OREG.ca

14. Bay of FundyMinas Passage

15. The largest ocean energy infrastructure in the world!

16. Marine Current Turbines Clean Current Open Hydro

17. In partnership with Fundy Tidal Inc Community based tidal projects in the Bay of Fundy Westport 5 kW in October of 2010 25 kW in spring 2011 250 kW System slated for summer of 2011

19. Seymour800 MW Discovery330 MW Dent130 MW Arran90 MW Yaculta90 MW Gillard50 MW

20. 500 kW Tidal Demonstration on Vancouver Island Stillwater construction Removal of causeway Permitting underway Installation Q3/Q4 2011 $5 million in grants and private investment October 5, 2010New Energy Proprietary and Confidential 20

22. Prove the viability of New Energy’s 250 kW EnCurrent turbines in an ocean environment Model the project review and permitting process Demonstrate the reliability of tidal power as a grid connected energy source Demonstrate, through project monitoring, the minimal environmental impact of tidal power projects Develop a project development service and supply cluster for tidal energy in BC

23. Hydrokinetic technology for Tidal and In- stream power generation is here British Columbia is in the enviable position of having both fresh water and tidal resources There are two opportunities: Develop the resource – both fresh and salt water Develop the industry associated with the service and supply of equipment

24. 24 Thank You