1. Qualified Energy Recovery A Green Power Technology No additional fuel consumption Near zero emissions with air cooled OEC Inside the fence installation on existing sites. No water consumption with closed loop operation No creation or disposal of waste Displaces fossil fuel based energy No new transmission required

2. Qualified Energy Recovery A Green Power Technology NEVADA: AB 429 accepts Qualified Energy Recovery from non electrical generating sources such as mining processes, as eligible for RPS NORTH DAKOTA: Pipeline Compressor GT Exhaust Gas Energy Recovery Is eligible for green tags or green energy sales SOUTH DAKOTA: Consider these projects as renewable energy resources OTHERS: Under Consideration in Many States

3. Heat Sources Industrial and Process Plants Cement, Glass, Petrochem, Mining, Metals, et al Gases; >400F (204C) Liquids; >200F (93C) LP Steam; any 250kW to 10 MW (per module) Gas Pipeline Compressor Stations Gas Turbine Exhaust

4. Recovered Heat Power Generation ORMAT® Energy Converter Organic Rankine Cycle Efficient, Cost-Effective, Reliable Greater than 98% availability Totally Waterless No blowdown, disposal, or make-up Air-cooled condenser Fast, easy permitting Unattended, Remote Operation

5. ORMAT SELECTED ENERGY RECOVERY PROJECTS PROJECT NAME LOCATNMWYEARORMAT ROLEOWNER OPERATOR Neptune GasLuouisiana USA 4.0 MW2003EPC equipment for recovery of heat from turbine exhaust Enterprise Partners LLC. Heidelberger Cement Germany1.5 MW1999Design/supply of equipment for recovery of heat from clinker cooler Heidelberger Cement Gold CreekCanada6.5 MW1999Design/supply of equipment for recovery of heat from gas turbine exhaust Maxxam Energy MinakamiJapan600 KW1998Design/Supply of equipment for recovery of heat from MSW Incinerator Ishikawajima Hanyoki Service TG2 KawerauNew Zealand 3.5 MW1993Design/Supply of equipment for recovery of heat from Paper Process Bay of Plenty Electric Power Board Shijiazhuang Heating & Power China1.3 MW1993Design/Supply of equipment for recovery of heat from MSW Incinerator Shaijiazhuang Thermal Power Gas Company

6. ORMAT Air Cooled Bottoming Cycle 1515

7. Gas Pipeline Compressor Stations Case History Gas Turbine Exhaust Gold Creek Project – TransCanada Pipeline RB 211 gas turbine 6.5 MW OEC 1999 start-up Air cooled Unattended ( Station manned 5 hours per week)

8. 6.5 MW ORMAT POWER PLANT GOLD CREEK COMPRESSOR STATION TRANSCANADA PIPELINE 1502

9. 1516 Potential Net* Electrical Output from Gas Turbines Exhaust

10. ORMAT® Energy Converters (OEC) Typical Applications of Recovered Energy Chemical Plant Hot Water 320 95 70 750 10 20 700 Application 1 Application 2 Pulp and Paper Mill Condensing Low Pressure Steam 13 105 80 1000 13.5 20 930 Petrochemical Plant Condensing Hydrocarbons (Top Vapors) 85 104 85 1000 27 37 780 Application 3 Application 4 Cement Plant Clinker Cooler 196 275 125 1200 Application 5 Exhaust Gases 203.8 365 110 1600 28 37 2950 Gas Turbine Bottoming Application 6 Application 7 Charged Air 198.5 172 106 Air Cooled Condensers Design Point Ambient Temperature 11 o C Exhaust Gases 295 463 92 5825 Air Cooled Condensers Design Point Ambient Temperature 2 o C Diesel Generators Heat Stream Type Flow Rate (tons/hr) Temperature Inlet ( o C) Temperature Outlet ( o C) Cooling Water: Flow Rate (Tons/hr) Inlet Temp. o C Outlet Temp. o C OEC Net Output to Grid - kW Location Oil Refinery Liquid Diesel Oil 156 184 80 700 20 30 1070 1032

11. Natural Gas Compression Plants (Gas Turbine Powered Only)

12. US Market Potential Organic Rankine Cycle Bottoming on Gas Turbine Powered Compressors Over 1,400 Simple Cycle Gas Turbines in Operation for gas compression at more than 600 Plants Nationwide. 10,000,000 Installed Hp Operating at 30% Efficiency. 932 MW of Electrical Generation Potential 189 MCFD of Offset Natural Gas Combustion 11,000 TPD of Offset CO 2 Production