1. John McCarthy, CEO. www.oceanenergy.ie

2. Annual Global Electricity Usage; 18,000 TW/h Achievable Wave Electricity Supply;2,000 TW/h Global Market Worth up to; € 200 B. p.a. Resource Renewed;Continually. O CEAN E NERGY - The Resource

7. Voith Hydro (Wavegen) Concept Design, Fixed Shore Device

8. Voith Hydro – Fixed Shore Device, Islay, Scotland

9. - Founded in 2001. - Focus on commercial Wave Energy Devices. - Funding to date : Equity and State Supports. - Quarter Scale live Sea state testing completed. O CEAN E NERGY – The Company

10. OceanEnergy - Technology Simple Design and Ease of Construction. Only one moving part in power generation. Low mooring forces - vastly improved survivability. Low maintenance. Plug and Play / Unplug Away.

11. O CEAN E NERGY B UOY O PERATION

12. Galway Bay – 1:4 Test Device

13. 2006 - 2009, The Results Survivability. 21,900 (2 ½ Years) hours on Station. Wave heights scale 32m during trials. Air flows and Power Output confirmed. Minimum Mooring Tensions.

14. Development & Evaluation Protocol HMRC (UCC) & Marine Institute (2003) Phase 1 ; Validation Model. Phase 2 ;Design Model. Phase 3 ;Process Model. Phase 4 ; Prototype Device. Phase 5;Demonstration Device.

15. Ocean Energy in Ireland Government Strategy (2006) Phase 1 (2005-2007) ; Large Scale proto-types. Phase 2 (2008-2010) ;Pre-commercial grid devices. Phase 3 (2011-2015) ;Large scale array. Phase 4 (2016 onwards) ; Large scale market deployment.

16. Commercialisation 1:1 Live Sea Trials 1:1.25 Live Sea Trials 1:4 HMRC, ECN FRANCE 1:15 UCC HMRC 1:50 20012002200320042005200620072008200920102011 2012 onwards

19. OE Buoy Performance 0246810 Significant Wave Height Power 1:50 Tests 1:15 Tests Galway Bay Tests

22. Ocean Energy Limited Next Steps ¾ Scale device; Build;2009 - 2010 Deployment;2010 - 2011 Full scale device ; Build;2011 – 2012 Deployment;2012 - 2013

23. Irish Government – Ocean Energy Government Target 2020 ;500mw. Feed-in tariff ;€220 MW/h. Funding Package ;€26m. Funding Agency ;1 v Multi.

24. Employment – Wind Industry Source; EWEA

25. Investors in the Industry GE,Iberdrola, Total SA,Voith Siemens, RWE, Fred Olsen, Chevron, Vattenfal, Emera, Norsk Hydro EDF Energy, ESBI, Scottish and Southern Energy,NIE, NPower,Guernsey Electricity, Dresser – RandPacific Gas & Electric

26. Source; Emerging Energy Consulting

27. B.A.N.A.N.A. Build Absolutely Nothing Anywhere Near Anybody.

28. www.oceanenergy.ie