globalthermostat Company Confidential
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A Profitable Solution toClimate ChangeJune, 2014
a carbon negative solution
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Climate & Industry Facing Carbon Challenge
Industrial Markets
($5B)
Food & Beverage
Refrigeration & Greenhouses
Carbonates
Concrete / Cement
Polymers
Graphene
Crop Improvement
Oil & Gas ($800B)
Enhanced Oil Recovery
Clean-up of Natural Gas Processing
Renewable Fuels ($T+)
Algae Biofuels
Synthetic Gasoline
Substantial Unmet Demand
1958
1964
1970
1976
1982
1988
1994
2000
2006
300
320
340
360
380
400
CO2 PPM
≈20% increase in atmosphere
concentration in last half-century
Readings hit 400ppm in 2013 for first time
…but huge demand for CO2 unmet…
…due to three critical issues
Atmospheric CO2 levels rising…
Critical Challenge: Profitably Harnessing Atmospheric CO2 for Productive Industrial Use – creating Abundant, Reliable, Low Cost Supply Wherever Needed
Limited Supply
High Capture
Costs
Difficult to
Transport
Natural subterranean reserves limited, depleting, geo-specific
Competing carbon capture methods prohibitively expensive
CO2 is extremely difficult to transport economically,
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Low-Cost, Breakthrough
Process
Advanced Modular Design
Slashes CAPEX & OPEX; Eliminates Transport Costs
Absorption Regeneration
Low-energy, low-cost
Abundant Supply Location Independent Affordable w/o Subsidies or Carbon Credits
GT’s Proven, Patented Approach to Producing CO2 : A Truly Disruptive, Proprietary Solution
CO2 supplied on-site, wherever needed Eliminates trucks & pipelines
Can be stand-alone, or co-located w/ large emitters Needs only residual heat, and
electricity Ideal for remote locations
CO2 drawn directly from air, or from industrial flues
Supplied in any quantity, via totally modular design Modules capture 50,000-
100,000 tonnes/yr. each Can expand as needed, by
adding more modules
Easy to integrate with existing or new-built power plants Has been done with just one
day of power plant down-time
Small footprint: fits on land adjacent to industrial facilities
Carbon negative: captures more CO2 than energy input requires
CO2 remains trapped
Patented “Carbon Sponge”: porous monolith blocks coated with proprietary amine sorbents
Ambient Air and/or Flue Gas flows through and binds to sorbent – Structure & process resemble a car’s catalytic converter
3. Monoliths return to air stream; cycle restarts …
2. Low temperature “residual”/ process heat applied, releasing 98%+ pure CO2 for collection
1. Monoliths lowered into sealed chamber
CO2 Available in atmosphere, unlimited supply
Air or flue gas Air exits w/o CO2
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Technology Development, IP
Prototype Demonstration
Next Step: Commercialize & Scale
Technology Fully Baked• Created by Peter Eisenberger
and Graciela Chichilnisky• Leading technical partners
IP Rights Secured• Strong IP portfolio
– 10 patents so far– Worldwide rights
• Freedom To Operate opinion
Prototypes Operational• Two prototypes validate
technology & economics• Results consistent from
bench- to pilot-scale
Design for Manufacture• Continue to develop
engineering plans for full-scale production units
Sales • Advance negotiations with
large industrial partners• Contract & Execute projects
IP Commercialization• Advance IP licensing
negotiations with large strategics
Solution is Demonstrated, Starting to Scale
10 Patents Protect Technology
Two Prototypes with SRI Validate Technology
Arranging Financing and Partnerships to Scale
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Graciela ChichilniskyCEO & Founder
• World leading economist, entrepreneur, executive, and inventor in IT, financial instruments, and CO2 capture
• Founder CEO of FITEL and Cross Border Exchange, successful financial services technology companies
• Author of the Kyoto Protocol’s carbon market legislation (EU ETS)• PhD in Math from MIT and in Economics from UC Berkeley• Tenured Professor Columbia University, previously Harvard and
Stanford
Peter EisenbergerCTO & Founder
• Leader and technology innovator in the global energy industry, and CO2 capture
• 20+ year career including heading global R&D at Exxon, and lead scientist at Bell Labs
• Tenured professor and former Vice Provost at Columbia University• Former Director of Columbia University’s Lamont-Doherty Earth
Observatory• Founding Director Princeton University Materials Institute• Founding Director Columbia University Earth Institute
Edgar Bronfman, Jr.Investor & Chairman
• Chairman, Endeavor Global• General Partner at Accretive LLC• Former President and CEO of the Seagram Company• Former Chairman and CEO of the Warner Music Group• Recently successfully sold Warner for US$3.3 billion
Key Advisors
Ron ChanceEmeritus Science Advisor, Exxon
Rocco FiatoAccelergy, Exxon
Roger ChuppaPower Engineers Collaborative
Jerry MeldonAssociate Professor of Chemical and Biological Engineering, Tufts University
Leadership Team, Advisors, Partners
Research & Technology Partners
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Summary
True, Proven Technical Breakthrough
Technology solves critical barriers to productive CO2 application in industry
Enormous Market Potential
Large, diverse and unmet market opportunity todaySignificant opportunity to expand market, enables new applications – $ Trillions per year opportunity
Advanced Development Stage
Major technical proof-points established and protected with robust IP worldwide
Clear Path to Exit Several paths to both create a big business and reach a liquidity event in 3-5 years
Graciela Chichilnisky - CEO & [email protected]
212.678.1148
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Next GT Commercial Plant
GT’s Tandem Commercial Modules produce approximately 100,000 tonnes/yr. of CO2.
Operating cost is just $10/tonne of CO2. CO2 sells for $40/tonne, generating gross margins of $3MM/yr./module.
Each 1MM tonne/yr. Plant requires ten such Modules, producing $30MM in annual gross profit to GT.