the conference on clean nergymttc.org/wp-content/uploads/2014/09/cce2006_notebook.pdfthe conference...

The ConferenCe on Clean energy

Financing and Partnering for Emerging Businesses

November 2, 2006

8:00 AM - 6:30 PM

Hynes Convention Center

Third Level

900 Boylston Street

Boston, Massachusetts

Conference HostsConference Sponsors

Gold

Silver

© MTTC 2006

Welcome to the second annual Conference on Clean Energy: Financing and Partnering for Emerging Businesses! We are pleased to provide again an opportunity for investors, inventors and entrepreneurs to

meet each other. Today’s conference will enable you to view a broad range of companies in the growing Clean Energy Cluster in the Northeast: from companies just being formed to those with many years of progress; from domestic to international opportunities; from the hydrogen economy to renewable generation of electricity and to the most innovative of approaches for improved efficiency. Our day will end with several investors discussing their perspective and outlook for this sector.

The Clean Energy Cluster in the Northeast continues to emerge rapidly. Government regulations worldwide are pushing for reduction in carbon dioxide production to address the growing concerns of greenhouse gas-driven climate change. Highly variable fuel costs make reduction in fossil fuel use an economic necessity for consumers and businesses alike. Multiple local and state governments, as well as federal departments, are responding with new programs and initiatives to accelerate the commercial development of Clean Energy technologies.

With its enormous and diverse research base, the Northeast has many of the technologies which will become the foundation for significant new Clean Energy businesses. The Conference on Clean Energy is focused on showcasing some of these new technologies. The companies showcased here are developing technologies that provide useful energy from renewable sources, produce less pollution and carbon dioxide, or dramatically enhance efficiency of existing processes.

The joint mission of the Massachusetts Technology Transfer Center, the Massachusetts Hydrogen Coalition and the MIT Enterprise Forum Energy SIG in organizing this conference is to promote the most exciting new clean energy technologies being developed in the Northeast. Today’s conference features several speakers and panelists with a history of success in clean energy, a job fair for companies in clean energy, presentations by early stage clean energy companies, and exhibits by both early stage and established companies. We are particularly grateful to our sponsors the Massachusetts Technology Collaborative, Foley Hoag, and Classic Communications for their financial and logistical support. We would also like to recognize our non-profit affiliates, the Boston Solar Energy Association (BASEA), Investor’s Circle, and the Northeast Sustainable Energy Association (NESEA).This conference is a collaborative effort and we appreciate all the support we have been given.

We hope you will enjoy today’s program and look forward to seeing you again at this event in 2007.

Dr. Abigail Barrow DirectorMassachusetts Technology Transfer Center

Brad Bradshaw PresidentMassachusetts Hydrogen Coalition

Dianne CallanChairMITEF Energy SIG Job Fair Committee

�� ii

The Conference on Clean Energy:Financing and Partnering for Emerging Businesses

Table of Contents

Conference Agenda ............................................................................4

Speaker Biographies ..........................................................................7Jeffrey Altman . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Henri Arif . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Jeff Bentley . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Brad Bradshaw . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Chuck Davis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9James Geshwiler . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9Peter Gish . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Tim Healy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Russell Landon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Roger Little . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Bill Mitchell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Stephen Nagy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Jerry O’Connor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Gary Simon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Gordon van Welie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13Todd Wilson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13James Worden . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Sponsors, Affiliates and Hosts .........................................................15Gold Sponsor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16Silver Sponsors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Nonprofit Affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Conference Hosts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Startup Company Profiles ...............................................................27Boston University . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29CellTech Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30CTP Hydrogen Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

�� iii

November 2, 2006Hynes Convention Center, Boston, Mass.

Feed Resource Recovery . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34Interval Data Systems, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36MIT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38Nanoptek Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40NATEL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42Oceanwind Technology, LLC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44OWEC® Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46PaceControls, LLC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48PowerHouse Enterprises . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50SunEthanol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52Worldwide Energy, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54Ze-Gen, Inc.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56

Additional Exhibitors ......................................................................59Ascendant Energy Company, Inc.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60Avalence, LLC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60ConsumerPowerline [co-exhibiting with Ambient Devices] . . . . . . . . . . . . . . . 60Forum Technologies, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60Go Solar Massachusetts! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61Hy9 Corporation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61Invest-in-Bavaria US Office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61JattraVentures, LLC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62Massachusetts Business Resource Team . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62Massachusetts Green Energy Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62NJHEPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62Northeastern University and GCK Technologies, Inc. . . . . . . . . . . . . . . . . . . . 63Novotech, Inc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63Progressive Asset Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63Protonex Technology Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63SOMS Technologies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64SouthCoast Development Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64University of Massachusetts Amherst. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64

��


Reg

istra

tion

and

Bre

akfa

st8:

00 -

8:30

Roo

m 3

04R

oom

302

Set

up

for E

xhib

its8:

30 -

8:45

Wel

com

e an

d O

peni

ng R

emar

ks

Roo

m 3

04R

oom

302

Roo

m 3

06

Indu

stry

Ses

sion

I:

Fuel

Cel

ls a

nd H

ydro

gen

Gen

erat

ion

Mod

erat

orJe

ff B

entle

y,

CE

O, C

ellT

ech

Pow

er

Pan

elis

tsJe

ffrey

Altm

an, C

EO

, Hy9

Bill

Mitc

hell,

VP,

Nuv

era

Fuel

Cel

lsSt

ephe

n N

agy,

CE

O, A

vale

nce

Gar

y Si

mon

, CE

O, A

cum

entri

cs

8:45

- 10

:00

Exh

ibits

Ope

n

Indu

stry

Ses

sion

II: S

olar

, Win

d Po

wer

, En

ergy

Man

agem

ent a

nd E

than

olM

oder

ator

Bra

d B

rads

haw

, Pre

side

ntM

assa

chus

etts

Hyd

roge

n C

oalit

ion

Pan

elis

tsC

huck

Dav

is, V

P, C

elun

olPe

ter G

ish,

Fou

nder

, UP

C W

ind

Tim

Hea

ly, C

EO

, Ene

rNO

CJa

mes

Wor

den,

CE

O, S

olec

tria

Ren

ewab

les

Cof

fee

Bre

ak a

nd E

xhib

it Ti

me

10:0

0 - 1

0:30

10:3

0 - 1

1:00

Key

note

Gor

don

van

Wel

ie, C

EO

, IS

O N

ew E

ngla

ndIn

trodu

ctio

n: R

anch

Kim

ball,

Sec

reta

ry o

f Eco

nom

ic D

evel

opm

ent,

Com

mon

wea

lth o

f Mas

sach

uset

ts

Inve

stor

Pitc

h Se

ssio

n I

Mod

erat

orM

ark

Bar

nett,

Par

tner

, Fol

ey H

oag

Pre

sent

ers

Abe

Sch

neid

er, D

irect

or o

f Eng

inee

ring,

NAT

EL

Stev

e W

eiss

, Inv

ento

r, M

ITJo

hn G

uerr

a, C

EO

, Nan

opte

k W

illia

m S

taby

, CE

O, O

WE

C E

nerg

yQ

uinc

y Va

le, P

resi

dent

, Pow

erH

ouse

Ent

erpr

ises

11:0

0 - 1

2:00

Exh

ibits

Ope

n

Roo

m 3

04R

oom

302

Roo

m 3

12R

oom

302

Exh

ibits

Ope

n12

:00

- 1:1

5Lu

nch

and

Key

note

Rog

er L

ittle

, CE

O, S

pire

Cor

pora

tion

Intro

duct

ion:

War

ren

Leon

, Dire

ctor

, Mas

s. T

echn

olog

y C

olla

bora

tive

Ren

ewab

le E

nerg

y Tr

ust

��


Roo

m 3

04R

oom

302

Roo

m 3

06

Inve

stor

Pitc

h Se

ssio

n II

Mod

erat

orK

arl J

esse

n, E

cono

mic

Dev

elop

men

t Offi

cer,

Mas

sach

uset

ts T

echn

olog

y C

olla

bora

tive

Pre

sent

ers

Bill

Dav

is, C

EO

, Ze-

Gen

Scot

t Rac

key,

CE

O, C

TP H

ydro

gen

Her

b N

ock,

CE

O, W

orld

wid

e E

nerg

y U

day

Pal,

Pro

fess

or, B

osto

n U

nive

rsity

Tom

Mill

s, C

OO

, Pac

eCon

trols

1:15

- 2:

15E

xhib

its O

pen

Job

Fair

Exh

ibiti

ng C

ompa

nies

:

Agr

ivid

aC

ellT

ech

Pow

erC

onsu

mer

Pow

erlin

e

Cof

fee

Bre

ak

2:15

- 2:

30

Inve

stor

Pitc

h Se

ssio

n III

Mod

erat

orA

bi B

arro

w, D

irect

or,

Mas

sach

uset

ts T

echn

olog

y Tr

ansf

er C

ente

r

Pre

sent

ers

Shan

e Et

en, C

EO

, Fee

d R

esou

rce

Rec

over

y Je

ff B

entle

y, C

EO

, Cel

lTec

h P

ower

Yuki

Yam

amot

o, C

EO

, Oce

anw

ind

Bill

Gne

rre,

CE

O, I

nter

val D

ata

Sys

tem

sJo

hn F

abel

, Sun

Eth

anol

2:30

- 3:

30E

xhib

its O

pen

Job

Fair

Exh

ibiti

ng C

ompa

nies

(con

tinue

d):

Ener

NO

C, I

nc.

Kon

arka

Tec

hnol

ogie

s Lu

min

ous

Dev

ices

, Inc

.

Cof

fee

Bre

ak a

nd E

xhib

it Ti

me

3:30

- 4:

00

Pan

el D

iscu

ssio

n:

Inve

stm

ent i

n C

lean

Ene

rgy

Inno

vatio

n --

Tren

ds, C

halle

nges

and

Opp

ortu

nitie

sM

oder

ator

Jerr

y O

’Con

nor,

Par

tner

, Fol

ey H

oag

Pan

elis

tsH

enri

Arif

, Cus

tom

ized

Fun

d In

vest

men

t Gro

up, C

redi

t Sui

sse

Jam

es G

eshw

iler,

Man

agin

g D

irect

or, C

omm

on A

ngel

sR

uss

Land

on, M

anag

ing

Dire

ctor

, Can

acco

rd A

dam

sTo

dd W

ilson

, Gen

eral

Par

tner

, Roc

kpor

t Cap

ital

4:00

- 5:

00E

xhib

its O

pen

Job

Fair

Exh

ibiti

ng C

ompa

nies

(con

tinue

d):

Nav

igan

t Con

sulti

ng

Nov

otec

h, In

c.

Seco

nd W

ind,

Inc.

Spire

Cor

pora

tion

Rec

eptio

n in

the

Exh

ibit

Hal

l (R

oom

302

)5:

00 -

6:30

��


Speaker�Bios� �


Speaker Biographies

Jeffrey Altman .................................................................................8

Henri Arif .........................................................................................8

Jeff Bentley ......................................................................................8

Brad Bradshaw ................................................................................8

Chuck Davis .....................................................................................9

James Geshwiler ..............................................................................9

Peter Gish .......................................................................................10

Tim Healy .......................................................................................10

Russell Landon ..............................................................................10

Roger Little ....................................................................................11

Bill Mitchell ....................................................................................11

Stephen Nagy .................................................................................11

Jerry O’Connor .............................................................................12

Gary Simon ....................................................................................12

Gordon van Welie ..........................................................................13

Todd Wilson ...................................................................................13

James Worden ...............................................................................13



Jeffrey AltmanPresident, CEO and DirectorHy9 CorporationPanelist, Industry Sector Session IJeffrey Altman joined Hy9 in 2004 and is leading the internal and external growth of Hy9 Corporation. Previously, he served at The Southern Company (NYSE: SO)/Mirant Corporation and their respective German subsidiaries (Bewag and GASAG), where he was responsible for various senior corporate development activities that created significant value. Previously, Jeffrey co-founded two renewable energy venture capital funds. Jeffrey previously spent over five years with Imperial Ventures, Inc., a venture capital subsidiary of Imperial Bank, where he was Interim President of two successful turnarounds and Board Member of five portfolio companies. Jeffrey earned a B.S., School of Foreign Service, Georgetown University, and an Executive M.B.A., University of Southern California.

Henri ArifCustomized Fund Investment GroupCredit Suisse, New YorkPanelist, Investment PanelHenri Arif is a principal in the Cleantech effort of Credit Suisse’s CFIG, coordinating direct projects, and conducting due diligence on private equity investments within the space. Previously, Henri had been running a trading company involved in renewable energy commodities since 2001, along with more traditional energy related commodities. Prior to that, Henri held positions in operations and project development within the Chemical and Petrochemical industry. Henri holds a Masters degree in Operations Management from Boston University.

Jeff Bentley Chief Executive OfficerCellTech Power LLCModerator, Industry Sector Session IJeff Bentley is responsible for company management, business development, strategic relationships and investments. He has over 15 years of leadership experience in the fuel cell industry and 30 years of experience including development of military and high technology products. For ten years he was a Vice President and energy consultant for Arthur D. Little, now TIAX. He has founded four fuel cell ventures, all of which are operating today or have been acquired.Jeff Bentley’s broad functional experience includes military and computer product engineering, technical sales, marketing and business development and general management. He has a B.S.M.E. M.S.M.E. from the Massachusetts Institute of Technology. In addition to being one of the founders of CellTech Power LLC, his previous fuel cell experience includes:

Founded Epyx, 1997- a spin off from Arthur D. Little developing fuel processors.Founded Nuvera Fuel Cells, 2000- Raised $15 million from strategic investors.Founded Fideris Test Solutions, 2003- Raised $5.5 Million from venture investors.

Brad BradshawPresident, Velerity Management ConsultingPresident, Massachusetts Hydrogen Coalition, Inc.Moderator, Industry Sector Session IIBrad Bradshaw is Founder & President of Velerity Management Consulting, a firm that provides marketing, strategy and finance services to the high tech and energy industries. Recent engagements have included: implementing a financial turn-around of a GIS software development company; repositioning the product/market

•••



strategy of an energy equipment manufacturer; and conducting primary market research for an innovative thin membrane manufacturer. Brad is also the Founder and President of the Massachusetts Hydrogen Coalition, a membership based non-profit corporation focused on expanding the size and scope of the hydrogen and fuel cell industry in Massachusetts.Previously Brad held senior level positions in marketing, business development and management consulting at NEON, Honeywell, Arthur D. Little, and the Yankee Group. Brad is a Director of several companies including Integrated Mapping Services, Inc, Penobscot Bay Press, Inc., and the Massachusetts Hydrogen Coalition, Inc. Brad has an engineering degree from Dartmouth College and an MBA from Babson College.

Chuck DavisVice President, Business DevelopmentCelunolPanelist, Industry Sector Session IIChuck Davis is responsible for development and project financing fuel ethanol facilities for Celunol. Previously, he worked for InterGen, a world-wide power generation company owned by Bechtel and Shell, which developed, financed and built over 18,000 MW of greenfield generation capacity on six continents. At InterGen, he was responsible for a range of matters associated with the development and commercial restructuring of power generation assets. Additionally, as Managing Director for InterGen’s United Kingdom Business, he led its Edinburgh, Scotland based management team, and had Profit & Loss responsibility for the company’s $1.5 billion UK portfolio. Before joining InterGen in 1994, he was a developer of power projects in the United States, South America and Asia for J. Makowski Associates, a Boston Based energy development company. Prior to this, he worked on a number of strategic and financial initiatives on behalf of New England Electric System (now National Grid USA). Chuck earned his BA in Economics from Tufts University and an MBA from the Amos Tuck School of Business at Dartmouth College.

James GeshwilerManaging DirectorCommon AngelsPanelist, Investment PanelAs Managing Director of CommonAngels, James Geshwiler runs one of the first formal venture capital investing networks and the largest in the Northeast. He joined CommonAngels in 1999 when it was an informal group of private investors, and since that time has grown it into a structured network that has invested $37 million from individual investors supplemented by two $10 million co-investment funds. He has funded 27 companies and worked with them through over 60 rounds of follow-on financing totaling over $100 million, five M&A events, and two shutdowns. Day-to-day, James manages deal flow, due diligence and the investment process. James also is Chairman of the Angel Capital Education Foundation and works with angel investors, venture capitalists, academic leaders and entrepreneurs around the country to foster better understanding of patterns and practices in angel investing. Prior to CommonAngels, James worked for Cambridge Energy Research Associates(CERA), the premier strategic advisory consultancy for the oil, natural gas, electric power and refined products sectors. Prior to CERA, James worked for the U.S. Department of Energy and U.S. Department State—both in Washington DC—in a variety of roles covering global technology analysis, assessment and policy.He was Phi Beta Kappa and holds a bachelor’s degree with highest honors from the Liberal Arts Honors Program at the University of Texas at Austin, a master’s degree in political science from UCLA, and an MBA from MIT’s Sloan School of Management.

Speaker�Bios� 10


Peter GishCorporate Counsel and Managing DirectorUPC WindPanelist, Industry Sector Session IIPeter Gish is a nationally recognized expert in financing and development of wind farms. Since co-founding UPC Wind, Peter has helped build the company into a world-leader in wind power development. Peter oversees all legal and regulatory matters in connection with the development, financing, construction and operation of UPC’s Wind’s projects. Prior to co-founding UPC Wind, Peter served as Corporate and Project Counsel for UPC Group in Europe completing several of the largest project financings for wind power accomplished to-date. Peter was previously Senior Counsel for Clean Harbors Environmental Services, Inc. and Vice President Counsel for MediGen, Inc. Peter has published several articles on wind power financing, insurance, and related topics, has given testimony before the House Judicial Committee, Subcommittee on Commercial and Administrative Law, and has assisted in the development of state legislation in support of renewable energy. Has presented papers at wind conferences around the world, and is currently a lecturer at the University of Massachusetts, Graduate School of Management. Member of the Massachusetts and Connecticut Bars and serves on the steering committee of the National Wind Coordinating Committee. Peter’s degrees include Juris Doctor, Cum Laude, Boston College Law School, 1992, Masters of Arts, Jurisprudence, Honors from Oxford University, 1988, Bachelor of Arts, Religion, Magna Cum Laude, from Dartmouth College, Phi Beta Kappa, 1984.

Tim HealyCEO and Co-FounderEnerNOC Panelist, Industry Sector Session IIAs CEO, Co-Founder, and Chairman of EnerNOC, Tim has guided the company’s strategic course since its inception in 2001. Under his leadership, EnerNOC has experienced exponential growth in size, capacity, and revenue, significantly expanding into untapped markets across the United States and diversifying from demand response to total energy management. Today, EnerNOC is the premiere full-service energy management provider with unparalleled performance and services.Prior to EnerNOC, Tim worked in the Energy Technology Laboratory for Northern Power Systems, Inc., a firm that has integrated over 800 distributed power systems and related equipment for customers throughout the world. Tim also held positions with Merrill Lynch, International Fuel Cells (now UTC Fuel Cells), and Commonwealth Capital Ventures, an early stage technology venture capital firm in Wellesley, MA, and co-founded Student Advantage, which went public in 1999.Tim graduated from Dartmouth College with a Bachelor of Arts in Government and Economics and received his Master of Business Administration from the Tuck School of Business at Dartmouth.

Russell LandonManaging DirectorCanaccord AdamsPanelist, Investment PanelRuss Landon joined Adams Harkness (merged into Canaccord Adams in January 2006) in 1993. He founded and currently heads the Industrial & Manufacturing Growth practice, which includes Resource Optimization Technologies, Advanced Enabling Materials, Defense & Security Technologies, and Precision Components & Subsystems. Russ was also head of the Adams Harkness Investment Banking Group for five years and established the firm’s consumer practice where he still maintains a presence in the area. He has more than 20 years of experience in the investment banking business.



Before joining Adams Harkness, Russ was a Vice President at PaineWebber, specializing in consumer and service companies. Prior to that, he worked at Kidder, Peabody, focusing primarily on environmental services and consumer products. Russ received his B.A. from Yale University, and his M.B.A. from Columbia Business School.

Roger LittleFounder, Chairman, CEO and PresidentSpire CorporationKeynote Speaker, Lunch SessionRoger G. Little founded Spire Corporation in 1969, and has been Chairman of the Board of Directors, Chief Executive Officer and President of the Company. He has served on many committees and advisory boards related to small business innovative research, the transfer and commercialization of technology, the worldwide growth of the photovoltaics industry, and the development of sound renewable energy policies. Roger holds 70 patents for technologies that have helped build Spire’s reputation as a leader in science and innovation. Almost 40 years after starting Spire Corporation, Roger G. Little continues to build a list of impressive accomplishments. Twenty-five years ago, almost a decade after he had established Spire Corporation, Roger found a new outlet for his drive and determination to win — he began participating in triathlon competitions. Fueled by a desire to keep himself moving forward with new challenges, Roger has developed his endurance and has participated in eight Ironman competitions. Roger holds a B.A. in Physics from Colgate University and a M.Sc. in Physics from the Massachusetts Institute of Technology.

Bill MitchellVice President of Marketing and SalesNuvera Fuel Cells Inc.Panelist, Industry Sector Session IBill Mitchell is also the Global Market Leader and sponsor of the firm’s automotive product platform and shares responsibilities for managing OEM/partner relationships for automotive customers in the Americas, Europe, and Asia. His primary responsibilities include business development, strategic planning, product strategy, market research, and marketing communications. Prior to taking on his role in marketing, Bill was Vice President of Engineering and Operations. He has been involved in advanced power systems, combustion, alternative fuels, fuel cells, catalyst technology, and environmental engineering since 1990. Previously, Bill was a co-founder and Vice President of Epyx Corporation where he helped launch this technology-intensive start-up company. Before that, he was employed at Arthur D. Little, Inc., as an Engineer and Program Manager of its Hydrogen Technologies Group. Bill has also been a faculty member at the Pennsylvania State University. Bill received BS and MS degrees in Mechanical Engineering from the Pennsylvania State University. He is licensed as a Professional Engineer in Environmental Engineering, and his professional affiliations include the Society of Automotive Engineers, the Engineering Society, the American Society for Quality, and the Combustion Institute.

Stephen NagyChief Executive OfficerAvalence, LLCPanelist, Industry Sector Session IStephen Nagy brings over thirty years of technology business building, senior executive leadership and funding expertise to Avālence since November 2005. Active as President and CEO of venture developers Greenwich Management Group, Inc. since 2000, Stephen spent the 1980s and 1990s as a senior private equity investor and



executive director (Chairman, CEO, President) with portfolio entities of Foster Management Company. During the 1970s at Booz, Allen and Hamilton, Inc., Stephen was a founding Vice President of the Technology Management Services Group with a focus in the energy sector. Stephen has led IPOs and financings in the $25-100M range and operations up to $500M in revenues. Stephen holds an M.S. in industrial and management engineering from Columbia University; an M.S. in Environmental Health Sciences with Chemical Engineering emphasis from New York University; and a B.S. in Chemistry from Union College. He is an expert in managing businesses through growth cycles. He is accelerating growth opportunities at Avālence.

Jerry O’ConnorPartnerFoley HoagModerator, Investment PanelGerard P. O’Connor is a partner in the law firm of Foley Hoag LLP, where he practices in the areas of business and securities law and counsels clients in the firm’s Advanced and Renewable Energy practice group. He advises technology companies ranging from early-stage ventures to issuers listed on Nasdaq and national securities exchanges on a wide range of corporate matters, including formation and start-up issues, private and public capital-raising transactions, and mergers and acquisitions. He received his B.S. (cum laude) from The University of Massachusetts at Amherst and his J.D. from Northeastern University School of Law. Jerry is a member, and serves as Secretary, of the Massachusetts Hydrogen Coalition.

Gary SimonPresident and CEO Acumentrics CorporationPanelist, Industry Sector Session IGary Simon is President and CEO of Acumentrics Corporation, a manufacturer of rugged uninterruptible power supplies for all branches of the military and of innovative new fuel cells that run on conventional and alternative fuels. Gary also serves as President of Sigma Energy Group, a clean technology investment and advisory firm. He serves on the Boards of Capstone Turbine, SmartPower and Rentricity, as well as the Sacramento Area Regional Technology Alliance, and the McCllellan Technology Incubator. He has a broad-ranging 33-year career in both Fortune 500 companies and in small start-up businesses, in consulting to major energy companies worldwide, and in government service.Prior to Acumentrics, Gary was the Senior Vice President of corporate strategy and business development at Northeast Utilities, where he had responsibility for corporate R&D as well as for business planning and strategic M&A transactions. In that position, Gary had a major role in over $2.5 billion of transactions, was the head of corporate venture investing, and was a member of the senior management committee. He was responsible for analysis of markets, competitors, new business ventures, acquisition targets and business unit performance. Previously, Gary was Senior Director and head of the Global Power Practice for Cambridge Energy Associates (CERA) for nine years, where he provided advice on the future directions of the industry and the sources of strategic advantage, including the emergence of new technologies, the cyclical forces in commodity markets, the evolution of deregulation, and the impact of new environmental regulations.Earlier, Gary was Vice President of sales and marketing for El Paso Natural Gas Company. Gary also served for four years as the head of forecasting and planning for the California Energy Commission and five years as senior consultant to the energy committees of the California State Assembly. Gary has a master’s degree from the University of California, Davis, and a bachelor’s degree from Indiana University.



Gordon van WelieCEOISO New EnglandKeynote, Morning SessionGordon van Welie is president and chief executive officer of ISO New England Inc., having previously served as the company’s executive vice president and chief operating officer. He joined ISO New England from Siemens Power Transmission & Distribution LLC, where he served as vice president and general manager of the Power Systems Control Division and was responsible for managing information technology solutions for electric companies. Before coming to Siemens, Gordon held several positions at ESKOM, South Africa’s electric utility based in Johannesburg.

Todd WilsonGeneral PartnerRockport Capital PartnersPanelist, Investment PanelTodd Wilson began his career at AT&T, where he held technical, sales and marketing positions. In 1990 he joined Wilbraham & Monson Academy, a 200-year old private secondary school located in central Massachusetts, where he was Director of External Affairs and held positions in Admissions, Development and Financial Assistance. He later joined Montague Corporation, a manufacturing business in the bicycle industry, and became a general manager involved in all aspects of the business. In 1998 Todd joined RockPort Partners, a merchant bank specializing in the energy and environmental sectors and helped form the venture fund in 2001.He currently serves on the Boards of Directors of Davidson Instruments, EcoSMART Technologies and Pionetics Corporation, and is an observer to the Board of Directors of NeoPhotonics Corporation and Nanogram Corporation.Todd received a BA in both History and Economics from Brown University and an MBA from Harvard Business School.

James WordenChief Executive OfficerSolectria Renewables, LLCPanelist, Industry Sector Session IIJames Worden, a partner in Solectria Renewables, LLC, serves as the company’s CEO. James brings 20 years of experience designing and building solar photovoltaic component systems, including inverters and maximum power trackers, PV modules, arrays and complete photovoltaic systems. In 1989 Mr Worden co-founded Solectria Corporation, an internationally recognized developer and manufacturer of electric & hybrid vehicles and components, and served as its Chief Executive Officer until 2005. He was responsible for setting the strategic direction for the company and overseeing all aspects of the company’s research and product development endeavors, an integral part of Solectria’s capabilities. James is a graduate of the Massachusetts Institute of Technology.

Speaker�Bios� 1�


�� 1�


Sponsors, Affiliates and Hosts

Gold Sponsor ....................................................................................16Massachusetts Technology Collaborative Renewable Energy Trust . . . . . . . . 16

Silver Sponsors .................................................................................17Foley Hoag. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Classic Communications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

Nonprofit Affiliates ...........................................................................19Boston Area Solar Energy Association (BASEA) . . . . . . . . . . . . . . . . . . . . . . . 19Investors’ Circle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Northeast Sustainable Energy Association (NESEA) . . . . . . . . . . . . . . . . . . . . 21

Conference Hosts .............................................................................22Massachusetts Technology Transfer Center (MTTC) . . . . . . . . . . . . . . . . . . . . 22Massachusetts Hydrogen Coalition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24MIT Enterprise Forum Energy Special Interest Group (ESIG) . . . . . . . . . . . 25

�� 1�


more

�� 1�


�� 1�


Founded in 1979, Classic Communications is a full-service public relations, marketing and event management agency based in Foxboro, Massachusetts, offering services in:

Media Publicity Advertising

Creative Marketing, Including Sponsor Solicitation

Event Planning & Management Collateral Materials - Including Design & Production

Websites - Including Design & Development

Marty Bauman, President Classic Communications

38 Mechanic Street, Suite 101, Foxboro, MA 02035 Ph: (508) 698-6810 Fx: (508) 698-6811

Email: [email protected] Web: www.classic-communications.com

Classic Communications is committed to promoting clean-energy and environmental organizations including:

Alternate Energy Center, Plymouth, MA AltWheels Alternative Transportation Festival Boston’s Urban Forest Coalition – Planting Peace Charles River Watershed Association (CRWA) – Run of the Charles Canoe & Kayak Race Coalition for Environmentally Responsible Conventions (CERC) Environmental League of Massachusetts (ELM) – Earth Night Massachusetts Hydrogen Coalition – The Massachusetts Hydrogen and Fuel Cell Summit, 2006 MIT Enterprise Forum of Cambridge – Ignite Clean Energy Business Presentation Competition Northeast Sustainable Energy Association (NESEA) –

Tour de Sol Building Energy Conferences Green Buildings Open House

For more information on Classic Communications, please visit www.classic-communications.com.

�� 1�


BASEA, the Boston Solar Energy Association, is primarily an educational organization involved in the promotion of solar and other sustainable energy technologies throughout the greater Boston area. The Association, with its roots in 1974’s “Energy Crisis”, is an active part of the region's energy-use conscience.

Our membership includes engineers, architects, scientists, utilities, builders, students, and the general public. We advocate the balanced, mindful and responsible use of renewable energy to insure a sustainable future.

BASEA is the Boston area chapter of the Northeast Sustainable Energy Association.

EDUCATION

The BASEA Forum: As an educational resource, BASEA provides opportunities to learn more about solar and sustainable energy technologies and their implementation through our monthlyforum series. The BASEA Forum provides an excellent opportunity to hear distinguished speakers from private industry, universities, government, and political advocacy groups.

This year the BASEA forum series is focusing on Clean Energy and the Marketplace: The Need, the Solutions, Potential Growth of the Industry, and the Shift in Energy Policies that can catalyze a faster rate of Solution to Market. We are delighted to have a wonderful group of guests who are willing to share their expertise with us. Speakers this year have included Professor Will Moomaw and Dr. Linda Plano. Upcoming speakers include Hilary Flynn from the Prometheus Institute and Karina Funk, Clean-Tech Advisor and former Emerging Technologies Manager at the Massachusetts Renewable Energy Trust.

The Junior Solar Sprint: BASEA is a prime sponsor of the annual Junior Solar Sprint where middle-school-age students build and race a small solar car model, competing towards national recognition.

RESOURCES TO HELP YOU

From our lending library to our Referral Program, BASEA wants to help you use energy in an environmentally conscious way.

The Wentworth Institute of Technology in Boston maintains BASEA's collection of books and other materials on sustainable energy technologies. To view an index of materials, select BASEA Renewable Energy Collection online at our website.

We can also provide referrals and assistance to designers, builders and buyers of homes and businesses using solar and other sustainable energy technologies.

For more information visit our website, www.basea.org,

or e-mail us at [email protected]

�� 20


Investors’ Circle Overview

IC’s mission is to catalyze the flow of venture capital to entrepreneurial companies addressing major social and environmental problems. Founded in 1992, IC has become one of the nation’s oldest and largest angel investor networks, and the only one devoted specifically to sustainability. Its 170 members and 400 active affiliates are high net worth individuals, professional venture capitalists, family offices and foundations. Network members have invested over $111 million in 182 early stage private companies and venture funds.

Investors’ Circle creates value utilizing an organizational strategy built upon a network, a foundation, and a fund.

IC Network: Growing a circle of investors (individual and institutional) interested in supporting social mission entrepreneurs;

IC Foundation: Improving research, understanding and the practice of patient capital that supports social entrepreneurship; and,

IC Funds: Incubator of pooled investment vehicles.

For its first eight years, IC was a network of social investors seeking venture opportunities. In 2000, IC incubated Commons Capital, a $13.5 million fund to build a professionally managed portfolio and to expand IC’s reach into the wider market. In 2002, the IC Foundation was established to provide a vehicle for leveraging the intellectual capital of the network, utilizing research, educational programs, and publishing to support the development of the social venture capital field as a whole.

Don’t Miss Out!

The Investors’ Circle 2006 Fall Conference & Venture Fair November 5-7, 2006 Boston Harbor Hotel

Boston, MA

Conference Participants Will:

Include angel investors, professional venture capitalists, philanthropic investors and entrepreneurs

See 22 early-stage for-profit companies and small funds working to solve social and environmental problems

Hear speakers and workshops on the state of double bottom line investing and enterpise creation in: energy & environment, food & organics, education & media, health & wellness, mission related investing and community & international development

Investors' Circle 320 Washington Street, Brookline, MA 02445 • 617.566.2600 • fax 617.739.3550

165 - 11th Street, SF, CA 94103 • 415.255.6844 • fax [email protected] • www.investorscircle.net

�� 21


About NESEA

The Northeast Sustainable Energy Association (NESEA) is the Northeast’s leading organization of professionals working in sustainable energy, whole systems thinking and green technologies. NESEA facilitates the widespread adoption and use of sustainable energy by providing support to industry professionals and by educating and motivating consumers to learn about, ask for and adopt sustainable energy and green building practices. NESEA accomplishes this through a number of ongoing programs and annual events.

Programs for Professionals

For professionals NESEA offers professional development conferences and award programs. Our NESEA Network offers professionals and advocates an opportunity to weigh in on important policy decisions on a state-by-state basis. Our Green Buildings Open House offers professionals an opportunity to showcase their wares, and build market demand for green buildings and renewable energy systems. Our Sustainable Yellow Pages help consumers find professionals that can help make their dreams come true.

Events and Resources for the General Public

Our public education and K-12 programs are designed to motivate consumers to learn about, ask for and adopt sustainable energy systems. Our K-12 educational resources and programs such as the Junior Solar Sprint engage hundreds of teachers and tens of thousands of students each year. Our high profile public events including the Green Building Open House and the Tour de Sol, the sustainable energy and transportation festival and competition, reach millions of people in person and through the media. These events, programs, and services strive to improve our quality of life and make our goal of zero oil use and zero climate change emissions a reality.

NESEA’s History and Vision

NESEA was started during the 1970s oil embargo in recognition of the need to reduce the world’s dependence on oil, and to foster the systems that sustain planetary health. Over the past 30 years its members have created a vision of sustainable energy systems for the Northeast, translated this vision into practical applications, and created profitable businesses that strive to bring this vision to reality. Today, NESEA is a brain trust. Its regional focus gives it the ability to address local issues more finely with appropriate bioregional and politically sensitive solutions. NESEA maintains a deserved reputation for being expert and experienced. It provides credible information derived from direct experience of professionals in the field.

If You Aspire to Practice Sustainability This Is Where You Belong

NESEA is community. It is a network that connects people across a broad base of interests and disciplines. Our community includes professionals, businesses, educators, active citizens, decision makers, the press, the general public, and organizations in the Northeast.

To learn more about NESEA’s membership opportunities and its many programs and activities, visit www.nesea.org. If you are not yet a member, please consider joining, and reap the benefits of being part of the NESEA community.

�� 22


The Massachusetts Technology Transfer Center is funded by the Commonwealth of Massachusetts. Its goal is to support technology transfer activities from public and private research institutions to companies in Massachusetts. To achieve this goal, the Center works with technology transfer offices at Massachusetts research institutions; faculty, researchers, and students who have commercially promising ideas; and companies across the Commonwealth.

The Center:

facilitates and accelerates technology transfer between research institutions and Massachusetts companies;

promotes collaboration between research institutions and the Commonwealth’s technology industry;

assists in the growth of Massachusetts companies, including startups, by enhancing technological leadership; and

supports regional and statewide economic development priorities.

The Center supports the commercialization of research technologies through a variety of programs:

The Center provides mentoring to researchers who believe they have a technology that could serve as the basis of a new company. The process includes the development of a business presentation for an expert board of external reviewers.

Commercialization and Entrepreneurial Education seminars and workshops enable researchers to understand the process of commercializing technologies.

Expert technology reviews provide opportunities for Massachusetts research institutes to have external industry experts evaluate technologies and give advice regarding their commercial potential.

Technology Forums allow investors and potential corporate partners to meet with companies formed around technologies developed in Massachusetts research institutes.

Mini-grants support technology development. The Center awards up to $40,000 to inventors from Massachusetts research institutions to fund proof-of-concept research or the development of more refined marketing and commercialization plans.

www.MaTTCenter.org [email protected]

�� 23


Massachusetts Technology Portal www.MassTechPortal.org

What: A single website where one can search easily and efficiently for technologies available from multiple research institutions in Massachusetts. Currently there are 1,600 technologies from 19 institutions listed on the portal.

Where: The website for the Massachusetts Technology Portal is www.MassTechPortal.org

Why: Currently if you are looking for new technologies in specific fields you have to visit individual websites for each institution that you think might have research in that field – and they may or may not have their technologies listed. At this one site visitors will be able to search technologies available at multiple institutions and see a wide range of technologies that might be of interest to them.

Who: The Portal is a joint project of the Massachusetts Association of Technology Transfer Offices (MATTO) and the Massachusetts Technology Transfer Center (MTTC). The development and implementation of the portal has been paid for by the MTTC and the following MATTO members: Beth Israel Deaconess Medical Center, Boston Biomedical Research Institute, Boston University, Brandeis University, Caritas St. Elizabeth's Medical Center, Boston Children's Hospital, Dana Farber Cancer Institute, Harvard University, Joslin Diabetes Center, Massachusetts Eye and Ear Infirmary, Massachusetts General Hospital, Massachusetts Institute of Technology, Northeastern University, The Schepens Eye Research Institute, Tufts University and the University of Massachusetts. The portal site was developed by Third Sky.

For More Information: Call 617-287-7002 or E-mail at [email protected]

�� 2�


Massachusetts Hydrogen Coalition www.massh2.org

MissionThe Massachusetts Hydrogen Coalition’s mission is to accelerate the success of

Massachusetts companies and organizations developing and deploying hydrogen, fuel cell and related technologies. The Coalition’s core emphasis is to expand the level of industrial activity associated with hydrogen and fuel cells in Massachusetts through funding, research and development, demonstration programs, education, partnering and incentives.

Coalition members represent a wide range of activities including hydrogen generation, storage and transport, and hydrogen applications ranging from micro-fuel cells, portable power, stationary premium and remote power and transportation, including internal combustion and fuel cell engines. Coalition members generally hold the view that hydrogen technologies can provide consumers and businesses with superior performing products and services, including: higher performance portable power for consumer electronics and military applications; cleaner, quieter and more compact power stationary power applications; cleaner and more efficient power for automotive and other transportation applications; and more efficient and more environmentally benign methodologies to produce hydrogen from a myriad of sources.

Organization The Massachusetts Hydrogen Coalition is a 501(c)(3) non-profit membership-driven

organization whose mission is to enhance the success of firms and organizations in Massachusetts directly involved with the hydrogen and fuel cell industry.

Key Initiatives Develop and implement the Massachusetts Hydrogen and Fuel Cell

Commercialization Road Map; Facilitate the deployment of hydrogen and fuel cell demonstrations in

Massachusetts; Identify early stage market opportunities; Identify the economic benefits of the burgeoning hydrogen and fuel cell industry

potentially available to Massachusetts; Provide members an information clearinghouse covering funding, demonstration

opportunities, business opportunities, market updates, and technology developments;

Facilitate cross-membership leveraging of complementary initiatives and facilitate partnering opportunities among and between members; and

Provide Coalition members an annual performance and progress assessment, with respect to progress on key goals, activities, results, and forward going initiatives.

�� 2�


The Energy Special Interest Group at the MIT Enterprise Forum of Cambridge

The MIT Enterprise Forum of Cambridge is a volunteer, non-profit organization based at MIT whose mission is to promote and strengthen the process of starting and growing innovative and technology-oriented companies by providing services and programs that educate, inform, and support the entrepreneurial community.

Contact information:

http://www.mitforumcambridge.orgtel. 617-253-8240 email: [email protected]

The Forum formed several Special Interest Groups in June 2004. These SIGs are for members of the MIT Enterprise Forum of Cambridge who wish to create a community around their area of interest and extend the high-level conversations that take place at some of our industry- specific events. SIGs are a great way for you to network, exchange ideas and best-practices, and keep your finger on the pulse of new developments with other members in your area of interest.

The mission of the Energy SIG is to support the development of the Clean Energy Cluster in Massachusetts, primarily through opportunities for education and networking for early stage companies. To that end, the Energy SIG provides several services and programs, most notably the Ignite Clean Energy Business Presentation Competition. In 2006, 40 teams competed in the second annual competition for $125,000 in cash and prizes featuring technologies across the spectrum of clean energy technologies. The 2007 ICE Competition is open to all Massachusetts residents and students with a concept or an early-stage startup for a Clean Energy business. For more information, see www.ignitecleanenergy.com.

http://www.mitforumcambridge.org/EnergySIG.html

�� 2�


Startups� 2�


Startup Company Profiles

About the Investor Pitches ............................................................28

Boston University ............................................................................29

CellTech Power .................................................................................30

CTP Hydrogen .................................................................................32

Feed Resource Recovery .................................................................34

Interval Data Systems ......................................................................36

Massachusetts Institute of Technology...........................................38

Nanoptek ...........................................................................................40

NATEL ..............................................................................................42

Oceanwind Technology ....................................................................44

OWEC® Energy ...............................................................................46

Pace Controls ...................................................................................48

PowerHouse Enterprises .................................................................50

SunEthanol .......................................................................................52

Worldwide Energy ...........................................................................54

Ze-Gen ..............................................................................................56

Startups� 2�


About the Investor Pitches IntroductionThe Massachusetts Technology Transfer Center hosts several conferences a year, each to showcase early stage entrepreneurs in a different technology or industry sector. The heart of each showcase is the ten-minute investor pitches given by selected entrepreneurs followed by a reception in an exhibit hall at which interested attendees can meet the entrepreneurs and network with the other participants. For the Conference on Clean Energy, the MTTC is proud to partner with the Massachusetts Hydrogen Coalition and the MIT Enterprise Forum Energy Special Interest Group to bring a much broader conference experience to the growing community of clean energy technology businesses in Massachusetts and the Northeast in general. However, the heart of the showcase remains the investor pitches delivered by the early stage entrepreneurs. The pool of applicants to present has grown rapidly since our inaugural conference in 2005, so we have selected as broad a range as possible, from technologies still in the university laboratory to companies starting to sell product; from the most polished and experienced presenters to those who have never presented to the business community before; from the most cutting edge technology to the most well-established processes that still support an innovative business model.All presenters are coached by Linda Plano, MTTC’s Associate Director, to help ensure consistency and quality in the ten-minute timeframe permitted for each pitch. Other members of the community are encouraged to participate in the coaching, either in preparation for Conferences or as part of one of the MTTC’s other programs.

Business and Technology MaturityThe mandate of the MTTC is to help entrepreneurs based in nonprofit research institutions to commercialize their technologies. Thus, we always give priority to applicants from our universities. However, we are also working toward economic development in the state, so we also welcome entrepreneurs already working in startup companies, giving preference to those who are licensing university technology. You will hear investor pitches from full-time professors and students as well as from managers who have been commercializing technologies for thirty years or more. Those who have already earned significant venture capital are beyond the scope of this section of the conference but may participate in the Industry Sector Sessions organized by the Massachusetts Hydrogen Coalition.Some presenters are recent alumni of the first Conference on Clean Energy or the Ignite Clean Energy Business Presentation Competition. They are invited to participate if they have significant business updates to incorporate into their investor presentation.

Clean Energy CategoriesWe define clean energy quite broadly: any service or product that enables the end user to consume less fossil fuels and generate less carbon dioxide. Any startup company meeting this general criterion has the potential to enhance our energy security and reduce the environmental impact of our energy use. More energy-efficient products are just as important as technologies that provide more traditional renewable energy businesses such as wind farms. Some of our categories and related subcategories include:

Electricity Generation: Fuel Cells, Hydropower, Ocean/Tidal, Photovoltaics, Waste, WindAlternate Fuels: Biofuels, Ethanol, Hydrogen, Natural GasEfficiency/ Conservation: Control Systems, Demand Response, Green Buildings

Startups� 2�


Product/ Technology Profile We will present a system that produces hydrogen from waste. The system can be fed with any hydro-carbon wastes, such as saw dust, cornstalks, plastics, effluent gas, etc. and the end products will be pure hydrogen on one side and a CO/H2/CO2/H2O(g) gas mix on the other side. The purity of the hydrogen will be sufficient for use in PEM or other fuel cells and the byproducts (mainly CO2(g)) can be easily separated using state-of-the-art technologies and sequestered. The system compares favorably with existing waste to energy technologies, especially when both the energy values and the environmental factors are taken into consideration. Our initial calculations, using coal as a feedstock, have shown that the system is capable of returning 75% of the input energy (energy value of the coal feedstock + a small amount of electricity) in the form of pure hydrogen. This energy is obtained without producing the environmentally harmful byproducts released by burning coal. We expect similar results when the technology is compared to incineration, especially in instances of burning recyclable plastics for heat energy instead of extracting the hydrogen value through the proposed system. We view this opportunity as an enabling technology for a renewable, clean source of hydrogen. Because of the variety of feedstock options we believe that there are many commercial opportunities for this system. We also recognize that full development and deployment will require a significant investment. It is possible that early adopters will use our process as a means of demonstrating the technology by processing simple waste (fixed composition or type) to generate pure hydrogen without the formation of particulates and other nitrous oxides that are usually generated during incineration. We are open to discussing appropriate business models for this emerging technology.

Future Financial PlansWe are open to funding models that coincide with the appropriate business model. It would be practical to consider a staged investment based upon the achievement of the appropriate milestones which will vary by application/business model. At a minimum, the first milestone (~ $100K, 1 year) should be directed to retrofitting one of our existing SOM reactors and demonstrating proof of concept in a waste to hydrogen application. Phase II will involve the construction of a larger scale reactor and demonstration with a specific waste feed. The cost and time constraints will vary according to the selected application.

Boston University Dept. of Manufacturing Engineering

Inventors:Uday Pal, ProfessorSrikanth Gopalan, ProfessorMichael Pratt, TTOSean Lee, TTO

Boston UniversityDepartment of Manufacturing Engineering15 St. Mary’s StreetBoston, MA 02215

617-353-7708 (p)617-353-5548 (f)[email protected]@[email protected]@bu.edu

Startups� 30


CellTech Power

Company DescriptionCellTech Power LLC is the exclusive developer of the Liquid Tin Anode Solid Oxide Fuel Cell (LTA-SOFC). Our anode technology replaces the nickel-based anode common to SOFC designs, providing multiple advantages such as lowering the costs and extending the marketability for fuel cells. CellTech is the only company to successfully demonstrate a fuel cell operating on JP-8, the primary fuel used by the US military. The company, which comprises 5 key staff members, owns the assets and intellectual property developed by CellTech Power Inc. which received $12 million in equity funding. Ownership: investors (78%), management (22%).

Business Strategy, Competitive Advantages, Market OpportunityCellTech’s technology simplifies the structure of fuel cell systems, increasing their versatility while reducing materials costs. Our liquid tin fuel cells produce electricity from fuels such as coal, diesel, and JP-8 without fuel processing. By virtue of eliminating the reformer and sulfur removal process found in conventional SOFC and PEM fuel cells, CellTech’s technology reduces the complexity of the balance of plant, which can represent 65% of the total system cost. Additionally, the liquid tin anode stores chemical energy, which can be used to generate additional internal power. This reduces the complexity of the plant control systems and can eliminate the need for battery hybridization typical of conventional fuel cell systems. The initial target market for CellTech’s technology is generators operating directly on JP-8 for military applications. Below 5 kW, no fuel cell solution capable of using JP-8 exists today, except noisy, inefficient IC engines, which means that key equipment and mission strategies, including the move to rechargeable batteries, cannot be implemented. CellTech believes that military funding of approximately $2 million/year will be allocated for LTA-SOFC development, leading to military sales of approximately $4 million/year starting in 2010. We further anticipate the market size will grow as we develop generators in the 1 to 20 kW range. Commercial markets for diesel generators include emergency power and truck APU’s. CellTech’s long-term vision is to apply our direct generation technology to coal and bio-mass to create power plants that are more efficient, simpler and more scalable than competing clean coal technologies.

Development PlanAfter eight years of development, the fundamentals of CellTech’s technology are well understood. Operation on diesel and JP-8 has been proven. In the last year our fuel cell power density increased 400 percent, allowing us to meet portable power weight/volume targets. Future technical work will focus on fuel cell producibility, system integration, and durability and operation on coal/biomass.

CustomersFor early military markets, CellTech will sell integrated prototypes directly to customers such as DARPA and the US Army. For commercial markets, CellTech will be a supplier of fuel cells and stacks embodying our liquid tin anode technology. Customers will be integrators/OEMs in the military (General Dynamics, Grumman), APU (Cummins, Delphi) and power generation (Siemens, General Electric) markets. We also intend to sell our fuel cells to support university and corporate research efforts, which will expand the performance and acceptance of our technology.

Officers and Directors:Jeff Bentley, CEODr. Tom Tao, CTO & FounderRoger Green, Chairman

CellTech Power131 Flanders RoadWestborough, MA 01581

www.celltechpower.com

(508) 898-2223 x34(508) 898-2690 (f)(617) 293-8703 (m)

[email protected]

Startups� 31


Key SuppliersPraxair, CoorsTek. (Discussions underway with ceramics suppliers and processors and systems integrators)

CompetitorsFranklin Fuel Cells, SARA, SRI, Connected Energy. Manufacturers of conventional SOFC systems will be our customers.

ManagementJeffrey Bentley, CEO, CellTech Power, LLC. Formerly CEO/COO of Fideris, raised $5.5 million. Formerly COO & founder of Epyx/Nuvera, fuel cell spin-off from Arthur D. Little (ADL). Raised $20 million operating capital from strategic partners and returned $15 million to ADL shareholders. 15 years in fuel cell industry. Led ADL market entry into automotive industry. Began career at General Dynamics. MS/BS MIT. 9 patents, numerous publications.Thomas Tao, CTO, inventor of direct carbon fuel cells, founder of CellTech Power. Broad experience in ceramics and high-temperature materials. Board member, Mass Hydrogen Coalition. Ph.D., Chemistry, Brown University. Post Doc. MIT.

Intellectual PropertyCellTech has one patent (US 6,692,861, issued 2/17/2004) and 8 active patent applications covering fundamentals of liquid metal anode and the integral fuel cell/battery.

Future Financial PlansCellTech is seeking approximately $2 million in funding to complement our military and government R&D activities. This funding will be used for engineering and tooling for a 500 Watt class battery charger for military applications and provide for expansion of our intellectual property portfolio.

Startups� 32


CTP HydrogenOfficers and Directors:Scott Rackey, PresidentBoard Members:Scott RackeyRobert W. Shaw, Jr., Arete Marcus Moorm, SAM GroupW. Osborn, Commons Capital

CTP Hydrogen Corporation 131 Flanders RoadWestborough, MA 01581www.ctphydrogen.com

phone: 508-898-2223 x14fax: 508-898-2690

[email protected]

Company DescriptionCTP Hydrogen is an early-stage company that is developing a unique hydrogen generation technology. This disruptive technology has the potential to dramatically improve the economic viability of hydrogen fuel cells by enabling them to run on today’s fuels.Hydrogen fuel cells are a well-refined technology developed over decades with over a billion dollars in investment. However, one of the significant factors that has limited their commercialization has been their sensitivity to impurities in their fuel and the resultant complexity and cost of fueling solutions required to address this limitation. CTP Hydrogen changes the game for hydrogen fuel cells with far lower costs and fuel flexibility. The company’s unique reformer technology is scaleable from man-portable generation systems (with unit energy densities up to 10x higher than those of high-performance batteries), to medium-sized distributed generation applications, to very large central hydrogen generation plants.The company plans to initially supply reformers to other system manufacturers, and then later as markets develop, manufacture and sell its own fully integrated generation systems.

Product/ Technology Profile The core of the company’s reformer technology is a multi-function membrane reactor that utilizes mixed ionic/electronic ceramic conductors. Unlike conventional methods where hydrogen is separated from a soup of other gases, this technique generates a pure hydrogen stream in single step using a high-rate electrochemical process. This approach has many advantages:Low Cost, Single-Step - The system effectively combines what had been a multi-step chemical reactor into one simple device that will cost about 1/10th as much as conventional reformers.Tolerance to Sulfur and Carbon in the Fuel Stream - The CTP Hydrogen system is able to directly use virtually any hydrocarbon fuel stream including renewable fuels and conventional fossil fuels such as propane, gasoline, and diesel/JP-8. High Purity – Single cell tests typically routinely show that the generated hydrogen has CO concentrations below 0.1 ppm (“6 nines”).The company has also built and tested integrated reforming systems that combine the membrane cells, burners, recuperators, balance-of-plant and control systems into an independent working reformer system. These integrated systems are compact, robust, and are largely based on low-cost existing technologies. In addition to the internal efforts at a number of fuel cell developers, several companies including H2Gen, Nuvera, IdaTech, and Hy9offer commercial reforming systems at various scales. However, these systems all use conventional multi-step reforming technology which is both more expensive and unable to handle conventional sulfur-bearing fuels without desulfurization.

Startups� 33


To the company’s knowledge, CTP Hydrogen has the only ceramic membrane reforming system that is near commercialization. The company’s pending patent is very broad and covers both material systems and basic membrane reformer architecture. The company also has an exclusive license to similar IP owned by Boston University. Together, these patents create a significant barrier to entry for would-be ceramic membrane reformer competitors.The company plans to initially sell its reforming systems to fuel cell system manufacturers who would integrate the company’s product into their fuel cell-based generation systems. Although the technology has very broad application, the company has worked hard to focus on only those markets with the most entrepreneurial potential. CTP Hydrogen plans to initially target the sub-kW portable generation market, the back-up power market, and the forklift market. These applications require reformers that are relatively small and thus inexpensive to develop and manufacture.

Future Financial PlansTo finance these operations, CTP Hydrogen plans to execute a $5-$8M Series B Preferred offering in the first quarter of 2007. This funding will allow the company to establish strategic partnerships with the key players in each of the targeted markets, and then perform advanced field testing for each application. The company expects to begin pilot commercialization in late 2008.

Startups� 3�


Feed Resource Recovery

Officers and Directors:Shane Eten, Founder & CEO

Feed Resource Recovery46 Chestnut StreetBoston, MA 02108

www.feedresource.com

617-913-0599

[email protected]

Company OverviewIgnored for years, traditional waste disposal practices have left valuable sources of potential energy and nutrients underutilized. But now rising waste disposal, energy and fertilizer costs make these inefficient methods of handling valuable material increasingly unaffordable and for many unacceptable. Drawing on years of experience in product development, brand building and horticulture, Feed Resource Recovery is capable of bringing already proven technologies to market to enable their customers to change the way they view “waste”. With their innovative resource recovery model, deep knowledge and contacts within their target market Feed will help it’s customers improve operational efficiencies, decrease ecological footprints and reduce overall operating costs. Feed’s solution provides onsite waste processing capable of converting organic waste (i.e. food, paper/cardboard and landscaping wastes) into renewable energy and organic fertilizer. These modular systems allow customers to divert a large portion of their waste stream away from landfills, resulting in drastically lower waste disposal costs. The onsite system produces biogas (characteristics similar to natural gas), and a nutrient-rich compost that serves as a valuable substitute for chemical fertilizers. Feed’s innovative system design is the result of a successful integration of two proven technologies, high-solids anaerobic digestion and in-vessel aerobic composting technologies.

Market and ApplicationThe US generates close to 30 million tons of food waste per year. Typically only 3% of this waste is recycled; the rest still ends up in environmental hazards known as landfills . On a local level, 5,799 Massachusetts food waste generators account for around 865,000 tons of food waste per year and less than 5 percent of this is being recycled . However the states DEP has set goal of adding commercially generated food residuals to the list of materials banned from landfill disposal by 2010 . Within the Massachusetts market Feed has identified four customer attributes that create an ideal situation for the resource recovery model to provide the most value.Within Massachusetts Feeds Ideal Customer:

• Generates large amounts of organic waste per location• In initial stages of organic recycling adoption• Has enough space to install system• Owns infrastructure capable of generating energy from biogas onsite• Able to apply and use organic fertilizer onsite

Target Market – Focus Company Alignment Strategy Towards: Colleges & Universities 1) Organic Waste Generation: 2nd largest food waste producer per location2) Organic Recycling Adoption: Implementations of successive school programs begin to increase.

• Bates recycles 85% of dining hall waste a year, savings estimates as high as $73,000 .

resource recovery

Startups� 3�


• Middlebury College Composting from 1993 to 1999 saved an estimated $102,000 .3) Sufficient Space for Installation: Enough land available to install a 24’ x 6’ system4) Onsite Energy Infrastructure: Educational facilities are top users of commercial boilers in the US. Can

use biogas as natural gas substitute without additional gas upgrading costs associated with other biogas applications.

5) Onsite Fertilizer Usage: soil amendment for on campus landscaping purposes

Competitive AdvantageAs an unproven player within the waste management industry Feed Resource Recovery will capture market share early on by creating a competitive advantage within the small previously mentioned niche. Feed’s team members all have close contacts with influential College and University decision makers in the Northeast Region. Founder, Shane Eten won 2nd place at MIT Ignite Clean Energy Competition and is currently an mba candidate at Babson business school. CTO, Jay McMullen, a Massachusetts Certified Landscape Professional (MCLP), has years of scientific horticultural knowledge. Kimberlee Danton, VP of Strategic Branding, has re-branded companies such as Red Envelope, Tommy Hilfiger, Chris Craft, and Johnston & Murphy providing Feed with an advantage few industry players possess.

Future Financial PlansOver the past 6 months Feed has been able to capitalize on the recognition received as a 2nd place winner at the MIT Ignite Clean Energy Competition. After numerous conversations with interested investors and information gathering Venture Capitalists Feed is currently going through the process of getting grant money from Massachusetts Technology Collaboration to partially finance a new pilot system used to improve system performance. Feed is also in discussions with a local College for a system install and resource recovery model implementation in the near future. The successful completion will serve as Feed’s next milestone. After which Feed will be looking to raise a round of financing in the $250k $500k range to be used in the replication and roll-out of additional customer resource recovery model’s. In the meantime Feed continues to entertain private investor offers.

$47,402

was

tefe

rtili

zer

methane(252 tons/yr.)(332m3/ton)(60% is H 2S, CH4) = 5200m3is equivalent to 1773mmbtu Õs x $7.50

= $22,680

(252 tons/yr.)(27%) = 68 tons/yr. x

($150/ton)

Avg. MA College food waste: 252 tons/yr.x

Avg. MA disposal Costs: $90/ton

= $13,295

= $10,206

ener

gy

total

1,000lbs./daysystem costs$80k - $120k

carbon credit trades5200m3 CH4 = 33733kg CH4 x 21 = 708399kg CO2Is equivilant to 697tons CO2 x $1.75 = $1,220

Potential Customer Savings w/ Resource Recovery Model Adoption:

Startups� 3�


Interval Data SystemsInterval Data Systems, Inc.104 Summer StreetWatertown, MA 02472

www.intdatsys.com

Officers and Directors:Bill Gnerre, CEO & CofounderGreg Cmar, CTO & CofounderRaffi Manjikian, COO

617-744-1091617-744-1092 fax617-543-5682 cell

[email protected]

Company OverviewInterval Data Systems has pioneered an approach, applying information technology, which has proven to reduce energy usage and associated fossil fuel consumption by 15 – 25% per building while improving comfort and indoor air quality (IAQ). We do this at a fraction of the cost of existing energy reduction approaches. Our solution also reduces occupant complaints, improves facilities productivity, decreases premature equipment failures, and provides an information infrastructure to continuously drive towards greener building operations and meet goals of programs such as Energy Star and LEED.Our approach includes an enterprise software platform, EnergyWitness™, combined with a set of services that enable building owners to achieve these benefits. Perhaps more importantly, the technology platform and application of IT to the buildings industry represents a discontinuous innovation that will ultimately transform the facilities, engineering, and building controls industries.The company founders and core team bring 60+ years of combined facilities, energy, utilities, and enterprise software experience. They have extensive startup experience, launched new products, and been a cofounders of previous companies.Bill Gnerre, CEO & Cofounder Background: Enterprise software, engineering softwareGreg Cmar, CTO & Cofounder Background: Building controls, utilities, energy conservation/ analysis, software designKevin Fuller, EVP Background: Enterprise software, database, analytics Raffi Manjikian, COO Background: Enterprise software, healthcare

Product/ Technology Profile

Market and ApplicationIDS’s initial target market (large institutional facilities) is a $1B U.S. market. Follow-on segments include commercial/corporate facilities ($2B), design/consulting engineering and performance contracting ($150M). Segments double in size with global expansion.IDS has pioneered the use of operational data as the cornerstone to achieve energy efficiency and effectiveness. The EnergyWitness software platform collects data from building automation systems (BAS), meters, utilities, weather, and other building systems, creating a permanent record of how every piece of equipment has operated. This historical record is a prerequisite to determining the buildings operational issues and compliance with green building initiatives. This is a first in the industry.

Startups� 3�


With the operational record, we can evaluate buildings holistically, by major subsystem, by equipment, or down to the sensor level. This comprehensive review enables us determine the “core issues” and take corrective action. Our methodology results in 15 – 25% energy reduction (consistently), more comfortable space, more efficient maintenance labor allocation, reduction of premature equipment failure, and reduction of unnecessary design engineering and construction costs.

Commercial OpportunityThere are 4.6 million commercial/industrial buildings in the U.S., accounting for one-third of all electrical consumption. The facilities industry and its supporting ecosystem (design/consulting engineers, controls vendors, performance contractors) needs to transform to information-based operations. A common information platform is required to reduce carbon emissions, reduce operating costs, enable productivity gains and increase customer value. IDS created an information technology system to improve facilities operations dramatically, in much the same way that systems from Siebel, PeopleSoft, SAP and others transformed the quality and efficiency of sales, customer service, finance, HR, production, distribution, etc. IDS has the combined technology and subject matter expertise to address the requirements of this market. Over time, we see the opportunity to transform the facilities industry into an IT-centric one, rather than the hardware-centric approach of the last 50 years.

Competitive AdvantagesWe can drive down energy consumption by 15 – 25% at a fraction of the cost of existing approaches, and at the same time improve comfort and IAQ.Collecting all the data, all the time, from every building (and plant) system creates enormous value. You cannot understand how buildings actually operate and correct them without the data. No one else does this.Our blending of software development skills and facilities operations expertise is unique. Software companies don’t understand the problem, and building systems vendors don’t understand software. Our combined experience results in a platform that solves the business and operational problems facilities leaders face.

Startups� 3�


License Opportunity OverviewA new technology has been developed that inhibits crystalline coke formation over metal surfaces. This technology was developed at MIT and is currently unlicensed. This is the first public presentation of the subject matter. Applications of the technology include biogas reformation as well as solid oxide fuel cell (SOFC) anodes. The formulation strategy is quite broad and can be optimized to process streams that have elevated levels of sulfur. Overall, the rate of coking over the developed materials is 37x lower than nickel at 900°C. Further, crystalline (filamentous) carbon generation has been completely eliminated. Beyond application to SOFC anodes, this technology enables new concepts in biogas processing. Biogas typically contains large quantities of carbon dioxide. This dilution is the reason biogas has a low heating value. Further, biogas tends to have some variability in the gas composition. Both the low Btu and variability of biogas streams limits their processing with traditional ICE technologies. Alternative approaches include purification (ie membranes); though this process can be expensive and shows limited durability. As a result, biogas is typically flared.By utilizing the native carbon dioxide and a heat source, the heating value of the biogas stream can be improved though dry reformation. Dry reformation refers to the reaction of carbon dioxide with hydrocarbons to produce synthesis gas. Analogous to steam reforming, dry reforming is more coke prone and practiced industrially using a controlled excess of carbon dioxide. Data presented illustrates the ability of this catalyst material to be exposed to extreme carburizing conditions. For example, this material can be exposed to a CH4:CO2 ratio greater that 2 for extended periods of time while still retaining chemical activity with mechanical robustness.Further, SOFC platforms pair nicely with this concept. Solid oxide fuel cells output the most power density at low fuel utilization and have a max utilization number around 80%. As a result, all SOFC systems would benefit from an internal heat sink that can utilize this unconverted fuel. A dry reformer would offer such coupling to a larger extent than traditional steam reforming while allowing access to an attractive niche market that has a lower commercialization barrier.

Product / Technology ProfileCoking refers to the decomposition of a hydrocarbon species into a solid mass consisting largely of carbon. This process is promoted under conditions where a hydrocarbon is heated to elevated temperatures without the presence of hydrogen or an oxidant such as carbon dioxide, steam, or oxygen. Coke formation can cause mechanical damage to the catalyst particle leading to substantial pressure drop through the reaction vessel or spallation of an anode material. Once the mechanical integrity of a catalyst is damaged, the catalyst typically needs to be replaced even if the catalyst activity could be recovered through a regeneration event. Coking can occur over both oxide-based as well as metal-containing catalysts. This invention relates to the formation of carbon deposition over metal surfaces. Some examples of reactions that present a propensity for carbon formation over metal surfaces include hydrocarbon reformation, cracking, dehydrogenation, and

Inventor:Steven E. Weiss

MITRoom NE25-230Cambridge, MA 02142-1493

617-253-6966Email: [email protected]

100 E Side PkwyNewton, Ma 02458 617 312 5678steve.weiss @ alum.mit.edu

Massachusetts Institute of Technology

Startups� 3�


Fischer-Tropsch synthesis. The steam reforming of methane and carbon dioxide or dry reforming of methane are illustrated with the following equations:

CH4 + H2O ↔ CO + 3 H2 (1)

CH4 + CO2 ↔ 2CO + 2 H2 (2)

In general, the carbon that may be formed can either be amorphous or crystalline/graphitic in nature. Crystalline coke may be produced from carbon which has been incorporated and then expelled from the metal. Although this is useful for the manufacture of carbon nanotubes, this dissolution and crystallization process can be damaging to the mechanical integrity of the catalyst. Graphitic coke is also more challenging to gasify than amorphous species. Similar coking problems often arise in the metal reactor tubes and heat exchangers used to process the reaction chemistry. Coking on these surfaces lowers the heat transfer into the reaction medium and can lead to both metal embrittlement as well as metal loss through dusting. The technology developed inhibits the carbon incorporation through intermetallic compound formation of a transition metal such as nickel with a p-block metal such as tin. The material can also be formulated to improve sulfur tolerance. These discoveries have been successfully demonstrated in applications such as solid oxide fuel cells and dry reforming.

Market PotentialNumerous sources of biogas exist. 6.6 GW of energy alone is emitted from US landfills. Other large potential fuel streams include anaerobic digestion (waste water processing), enteric fermentation, coal mining/coal gas, and manure management. Often, subsidies exist to encourage product development and deployment for these fuel streams. Some applications of this technology can also be found in biodiesel production.

Future Financial PlansThe technology is available for review and license. Collaborative funding relationships also exist. Please contact the author for further information.

Startups� �0


Figure 1. Above, Nanoptek’s Solar Hydrogen Generator tracking east west. Below, panel form for roof-tops.

NanoptekNanoptek Corporation8Clock Tower Place, Suite 120Maynard, MA 01754

www.nanoptek.com

Officers and Directors:John M. Guerra,President and CEO; Joan E. Russo, VP Business Development

Vision. Nanoptek, a Massachusetts C corporation in Maynard, MA, will manufacture and sell solar hydrogen generators to the $17 billion onsite-manufacturing market, followed by transportation. Nanoptek will dominate hydrogen production applications requiring renewable, CO2-free, and low-cost hydrogen, resulting in projected revenue of $45 million in FY5. Core Technology. Nanoptek’s photoelectrochemical (PEC) core generates pure hydrogen and oxygen from water using sunlight and a patent-pending semiconductor photocatalyst. The photocatalyst is nano-structured to use available sunlight more efficiently than competing technology. Nanoptek’s PEC technology is scalable, robust, and low-cost.

Planned Product. Solar hydrogen generators in panel form for rooftop residential, commercial, and mobile installations, and in parabolic trough form for large-scale installations for onsite-manufacturing and municipalities.

Management. John M. Guerra, P.E., President and C.E.O. Prior to founding Nanoptek, Guerra was VP of Technology at Calimetrics Inc. (Alameda, CA). During 24 years at Polaroid Corp. he held leadership positions in research, product development and manufacturing. He holds 28 patents, and received the Photonics Circle of Excellence, R&D 100, and OSA’s Engineering Excellence Awards.Joan E. Russo, VP Business Development. Prior to joining Nanoptek, Russo was VP, Marketing for EstateWorks, Founder/VP Sales of TIMESLIPS Corporation (Essex, MA), COO/VP Marketing of Compass Studios (Dallas, TX), and Director of New Business Development, N.E. Region for Arrow Electronics (Wilmington, MA).


Product. Nanoptek’s Solar Hydrogen Generators produce pure hydrogen from sunlight and water costing $1.40/kg, or 1/10 that of cylinder-hydrogen. Smaller units track the sun, while modular panels can be roof-mounted for residential and commercial applications (Fig. 1). Large installations for onsite manufacturing and municipalities are fixed horizontal troughs. Like fluorescent bulbs in lighting fixtures, the PEC cores plug into the mirror

(978) 461-0472 (p)(978) 461-0474 (f)

[email protected]

Startups� �1


concentrators. Though the projected lifetime is 20 years, customers may replace/recycle the PEC cores as efficiency improves.

Technology. When Nanoptek’s titania is immersed in salt water, sunlight produces electron-hole charge pairs in the titania that break water (H2O) into hydrogen and oxygen in a reduction-oxidation reaction. Nano-structures in the thin titania film cause large stress that allows liberation of electrons with more abundant visible light, rather than just ultraviolet. This “bandgap engineering,” causes more hydrogen to be produced. Market and Application Nanoptek’s customers are early adopters in the onsite manufacturing market (eg. mid-sized industrial gas manufacturers), a $17 billion market in 2005 (U.S.). Early adopters in the municipal and transportation markets are also likely. The latter is expected to be a $13 billion market in 2013 (Source: Clean Edge).

Commercial Opportunity Commercial acceptance of our product will stand on cost alone, but as important markets such as California and the European Union cap and/or tax CO2 emissions, our solution will dominate. With payback potentially under a year, and the prospect of turning non-producing rooftops, brownfields, or parking-lot canopies to fuel production will be compelling. We project revenue of $45 million in FY5, with rapid growth after that as the transportation hydrogen market takes hold.

Competitive Advantages. Nanoptek’s $1.40/kg all-included cost is under half the nearest competitor (H2Gen, $3.50/kg) and 1/10 the nearest volume competitors: truck cylinder ($12/kg+) and small cylinder ($20/kg+) products from Praxair and Air Products. Onsite-electrolysis costs $8/kg+, and is not CO2 emission-free. Our cost is fixed over time, while competitors’ cost increases with electricity and/or natural gas prices. Emission-free hydrogen requires electricity from a renewable source, such as wind or photovoltaics, and costs $28/kg. The stacked efficiency is lower than ours, requiring a larger installation. Nanoptek’s patent is pending, and up to 22 continuations and continuations-in-part are in preparation. Nanoptek has license to seven Polaroid Corp. patents for supportive metrology. Nanoptek’s vertically-integrated solar hydrogen generator optimizes performance of its proprietary photocatalyst with intellectual property in the electrolyte, PEC architecture, photoelectrode and counterelectrode design, reflector/concentrator design, and manufacturing.

Future Financial PlansNanoptek seeks $2 million to progress from the beta prototype to the beta product and customers in 18 months or less. Funding in this amount will result in break-even in 2007 and profitability in 2008. The funds will be used to hire key product development and manufacturing skills, and to expand the pilot manufacturing line for first customers. The team will grow from 3 to 8 employees.

Startups� �2


NATEL1723 Brook Meadow Ct.Grapevine, TX 76051

www.natelenergy.com

Officers and Directors:Abe Schneider,Director, Engineering

682-552-3044 (m)

[email protected]

NATEL

Company OverviewNATEL produces fish-friendly, low-cost, low-head hydropower technology. Hydropower is America’s largest renewable energy source, providing more than 85% of all its renewable energy. According to the DOE, this figure could be increased by 50%, in part by retrofitting already-existing dams that don’t currently produce hydropower. The problem is, most existing dams are low, where conventional turbine technology can’t operate efficiently. NATEL’s technology efficiently operates at drops 10 times lower than conventional turbines.NATEL’s flagship product is the Schneider Linear HydroEngine (SLH), which is packaged with a generator and controls to create a modular solution for low-head hydropower projects. Initially, NATEL is targeting the “energy-recovery” market – capturing lost energy at wastewater treatment plant outfalls, thermal power plant outfalls, and irrigation drops – offsetting expensive energy bills with clean on-site distributed generation. NATEL’s larger product range meets the demands for dependable, clean, distributed generation, by allowing retrofit of existing low non-power dams, such as navigation locks and dams.NATEL is a family-owned and operated company. Dr. Daniel J. Schneider, CEO, invented the original Schneider Linear HydroEngine. His history of innovative leadership and complex project management includes service as Director of Human Factors Medical Research, US Army Transportation Research Command, and Principal Scientist on the Skylab Project. Abe Schneider, Director of Engineering, holds undergraduate and Master’s degrees in Mechanical Engineering from MIT. He previously served as Senior Advanced Product Development Engineer at Timken. Gia Schneider, Director of Marketing and Strategy, holds an undergraduate Chemical Engineering degree from MIT and has deep startup and business development experience. She recently started the carbon trading desk at a major international investment bank. NATEL is seeking to augment its team with experienced, skilled industry leaders.

Product/ Technology Profile In the United States alone, 97% of the nation’s 75,000 dams currently do not generate power; and, according to the National Inventory of Dams, 75% of these dams are less than 30 feet high. Using U.S. Department of Energy (“DOE”) information, this represents an estimated 4 gigawatts (“GW”) of undeveloped low-head hydropower generation capacity. This capacity could be developed without building new dams or impoundments and is enough power for eight cities the size of Seattle or for the entire state of Virginia. In summary, less than 2% of the low-head resource in the U.S. is currently utilized. In comparison, the resource utilization of the available high-head capacity is approximately 33%. Globally, we estimate over 600 GW of undeveloped low-head resources.Recent trends in the electricity industry have created a perfect storm of mandatory demand (Renewable Portfolio Standards), record-setting oil prices, social pressure for clean energy solutions, rising electricity prices, and burgeoning support for reduction in carbon intensity. These trends, coupled with the low cost of the Linear HydroEngines™’ electricity output – capacity factors usually greater than 50% and cost of power in the $15 to $30 per MWh range – make NATEL’s projects highly attractive investments. Many states are encouraging on-site renewable generation, increasing the value NATEL provides to its customers in the energy-recovery market. Internationally, the commercial opportunities for NATEL’s SLH technology are huge. For example, Europe is a

Startups� �3


valuable marketplace, because of their promotion of small hydropower, and their actively traded Carbon Markets. NATEL’s SLH technology opens up many new possibilities, because as the European Commission stated, “An important factor for future [small hydropower] is … cost effective low head technology”.Competition has been limited in low-head hydropower – there simply have not been any technological solutions until now. The uncluttered market opportunity is beginning to attract innovators, such as GCK Technology (helical turbines), Verdant Power, LLC (underwater windmills), and HydroVenturi (Rochester Venturi systems). However, none of our competitors have the optimal combination of large power and efficiency at low head, fish friendliness, and ability to retrofit existing dams that we address with the Linear HydroEngine™.

Future Financial PlansNATEL needs approximately US$3 million, to be spent over 10 quarters, to accomplish commercial launch of its first product. Capital will be utilized approximately as follows: (a) 25% for product development; (b) 25% for Marketing, Buildings & Equipment, and G&A; and (c) 50% for personnel. Key milestones to be accomplished include (a) the completion of performance tests of NATEL’s 20 kW flagship SLH product; (b) 1st sale; (c) completion of performance test of 50 kW SLH; (d) 500 kW of SLH units sold; and (e) achieve positive EBITDA.

Startups� ��


Oceanwind Technology

Oceanwind Technology, LLC154 High Street, #301Medford, MA 02155

781-391-8166

[email protected]

Officers and Directors:Yuki Yamamoto, CEOJack Ringelberg, CTO

Company OverviewOceanwind Technology, LLC has developed an innovative floating platform design for offshore wind farms which would dramatically increase the number of cost-competitive, large-scale wind farm site candidates. The company’s goal is to promote and grow clean energy sources by offering commercially viable offshore wind farm solutions to the many parts of the world where suitable locations on land and in shallow water are not available. Yuki Yamamoto has over 15 years of experience in business development for high tech startup companies and in strategy consulting. For the last ten years he has been VP/Director, CFO and COO at pre-IPO venture businesses, leveraging various executive level skills such as business development, strategy formulation, fundraising and financial and human resource management.Jack Ringelberg has over 30 years of experience in shipbuilding and design, operations, marine engineering and power plant engineering. His merchant marine, navy, commercial marine and power plant experience provides him with a broad background in many engineering disciplines. As president of JMS Naval Architects and Salvage Engineers, he is a hands-on participant in many of the company’s engineering and operational assignments.


Market and ApplicationToday, offshore wind farms are commercially viable only where the depth is less than 30m (100ft), due to the high cost of erecting wind towers in the seabed at greater depths. Floating Offshore Wind Farm (FOWF) would increase the number of available site candidates at least tenfold worldwide by making it possible to build offshore wind farms at continental shelf depth. With FOWF technology, the sites would not have to be in ecologically delicate shallow water. We would be able to choose the least disruptive locations in terms of environment, fisheries and unsightliness, and contribute to the promotion and growth of wind energy.

Commercial Opportunity:The installed capacity for worldwide wind power is forecast to be around 90GW in 2010, according to AWEA and EWEA. Our conservative forecast is about 90GW in 2015, and we expect that FOWF technology will bring an additional 6GW by then. The market opportunity for FOWF will continue to grow, as suitable wind farm sites on land and shallow water become harder to find. Once our technology becomes fully available worldwide, we expect that worldwide FOWF capacity will grow steadily at approximately 1GW per year for the following couple of decades.

Competitive AdvantagesFOWF technology has the following advantages compared to the conventional fixed offshore and land based technologies:

- It can be deployed in deeper water, thus dramatically increasing the potential number of candidate sites, and allowing for larger-scale wind farms

Startups� ��


- It can benefit from the stronger and steadier wind of the outer ocean, thereby increasing the ‘capacity factor’ of the farm—a bottom line improvement in wind-farm economics

- It can be manufactured off-site such as at a shipyard, and, in contrast with all other types of wind farms, requires minimal on-site construction

- It is less likely to draw complaints of noise and unsightlinessThe core technology is a submerged floating platform that is sufficiently stable and cost competitive at continental shelf depth. Key innovations are in the unique design of the platform and the connecting formation. The US and international patent filings were completed in October 2004. Our patent-pending design and the installation technique will achieve lower costs compared to other floating platform concepts.A large-scale FOWF project would have a cost breakdown very similar to a fixed offshore project, and is just as cost-competitive as conventional fixed offshore wind farms that are restricted to shallow waters.

Future Financial PlansOceanwind is seeking to raise a total of $5M. The initial $320K will support the Prototype Phase in 2007 and 2008, requiring 12-15 months to complete. The Prototype Phase includes hydrodynamic modeling and scaled model testing to complete the detailed design of full-scale demonstration units. The following Commercialization Phase requires an additional $4.68 M that will be used to build and deploy the demonstration units, and that will provide sufficient cash reserves until Oceanwind turns cash flow positive.

Startups� ��


OWEC® EnergyOfficers and Directors:Foerd Ames, Founder, CTOWilliam Staby, CEO

Company Overview OWEC®Energy was established to provide large-scale technology for converting the hydrokinetic energy of ocean waves to electrical power, fresh water, and hydrogen gas. Foerd Ames, the company’s Founder, has constructed and tested working models of ocean wave energy conversion devices, has obtained SBIR and state awards, has been issued several patents and has secured trademarks related to its business. During the performance of research related to its Phase I SBIR grant, OWECO employed five personnel and two machinists. Since the founding of OWECO in 1978, Mr. Ames has been a leading contributor to worldwide awareness of ocean energy as a viable alternative energy source. In furtherance of its mission, OWECO has sponsored international and domestic student engineering internships that have encompassed technical analyses including: a) large-buoy hydrodynamics; b) truss systems; c) open-ocean mooring and stabilization techniques; d) electrical generation in marine environments; and e) related sensing, and control systems. Further research will be concentrated on topics directly related to commercialization e.g. development of accurate cost models related to: a) materials and manufacturing; b) deployment & maintenance; and c) energy transmission & storage.

Product/ Technology Profile, Market, and Application Ocean waves have long been considered a substantive energy resource. In contrast to others, OWECO has focused its product development strategy on deep ocean deployment of its wave energy converters for two principal reasons: a) wave incidence at deep ocean sites is three to eight times the wave energy at adjacent coastal sites; and b) environmental and aesthetic impact is significantly less. The vigorous but diffuse surface waves characteristic of deep-ocean sites require a number of controlled energy converting devices for significant power generation. OWEC Ocean Wave Energy Converter® (“OWEC”) is a modular, open web, buoy-based network of linear-to-rotary, direct-drive electrical generators. With few exceptions, OWECs are comprised of readily-available parts manufactured by standard practice. Another unique characteristic of OWECO’s product development strategy is related to modular design and deployment efficiency. Large OWEC components are shaped for efficient production, close-pack storage, and installation ease. Design attributes permit better shipping or towing economics, rapid on-site final assembly, and easy repair/swap-out of modules.Further information relating to the design and product development plans of OWEC is available upon request. OWEC modular, self-supporting design may promote wide application and market penetration over several scales in the near term. In relatively small size/quantity, electrical output provides in-situ service power to ocean monitoring/navigation apparatus where fuel, solar, or wind devices are impractical. Medium quantity installations enable remote resource extraction, fishery, and mariculture operations.Longer term, OWECs may be used to protect marine environments while bio-growth and habitat is restored. In addition, anticipated demand for clean energy may spur the development of an Ocean Wave Energy Web utilizing OWEC networks that enable: a) large-scale desalination operations for water purification; and b) large-scale electrolysis operations for hydrogen gas production from seawater.

OWEC® Energy20 Burnside StreetBristol, RI 02809-2004126 Summer StreetWatertown, MA 02472www.owec.com

401-253-4488401-253-4488(f)[email protected]

(617) [email protected]

Startups� ��


Future Financial PlansIn the near-term, OWEC® Energy plans to fund its on-going operations through a combination of research grants and seed capital. In terms of “use of funds,” OWEC®Energy has a detailed and prioritized plan for ongoing R&D expenditures (briefly detailed above). To obtain the additional intellectual capital it needs and to help increase the likelihood of obtaining additional financing, OWEC® Energy is currently building its Advisory Board.At the appropriate time, OWEC® Energy expects to solicit additional capital from a strategic partner or value-added venture capital firm.

Company/Technology Confidential Information OWECO currently has one patent pending - US 2005/0285402 A1 and has a well-defined patent prosecution strategy in place. Significant technology advancements not heretofore publicized in OWECO’s granted patents are presently confidential. If its new patent application is granted, OWECO expects to obtain additional competitive advantages based on certain technical aspects of counter-rotating generators, buoy maintenance near full submergence through most wave cycles, module neutral buoyancy maintenance methodologies, and sensor control coordination.

Startups� ��


PaceControls Pace ControlsOfficers and Directors:Susann D. Felton, PresidentThomas Mills Jr., EVP and COOAlan A. Grant, CFO

Company OverviewPaceControls manufactures in the U.S. a patented and UL-registered line of HVAC and refrigeration control retrofits, that in thousands of installations has delivered 10%-20%+ energy savings, as confirmed by many independently-metered engineering reviews and by major heating/air-conditioning equipment manufacturers. Hundreds of our controllers have been installed by electric utilities under DSM/Demand Reduction programs, and testimonials from our national corporate customers, and public-sector customers like New York Power Authority, Long Island Power Authority, U.S. Postal Service, and the Commonwealth of Pennsylvania, are readily available. We also deliver excellent Voluntary Curtailment capabilities for commercial A/C equipment, and “negawatt” facilities include one with a major telecomm company.We are pre-approved for energy efficiency incentive rebates in some states, and we and our partners manage the filing of custom applications in the others. Our products are installed by qualified HVACR technicians, in full compliance with OEM specifications, and also by energy service companies and electric demand aggregators. New products include enhanced Demand Response features and remote operability.Susann Felton (President) is a highly successful former senior electric company executive and NERC Stakeholder Board member, with deep knowledge of grid operations, government and legislative affairs, and technical company operations. Thomas Mills (EVP/COO) combines power engineering training and operating experience with a substantial background in banking and small-company operations. Alan Grant (CFO) also has substantial engineering and new-venture credentials.


Market and ApplicationPaceControls HVACR control retrofits enhance existing equipment performance:Commercial A/C and refrigeration equipment, 5-75 tons: PaceControls’ patented digital control retrofits optimize compressor run time in A/C and refrigeration equipment, so that the compressor runs less, but runs more efficiently when it does run, with full maintained performance (temperature/humidity control), based on thousands of successful installations, independent testing, and OEM analysis.Standard-efficiency gas-, oil-, and propane-fired commercial heating equipment: Much existing commercial heating equipment – even new units – have a burner conversion efficiency of only 80%, vs. newer ENERGY STAR pulse-fired and other technologies with BCE’s of 93%-94%. PaceControls provides a simple retrofit to improve heating system efficiency, so that burner run times are reduced while thermostatic setpoints are fully maintained – paybacks can be well under 1 year, especially for larger equipment.Installation is generally quick -- a retail food project, for example, which might require 12-16 PaceControllers for the rooftop units, plus 1-2 for some refrigeration equipment, might typically take about 1 day or less for a 2-man team. We have a national network of preferred installers (including Hussmann Corporation, a division of Ingersoll-Rand and itself a major HVACR manufacturer), who would work with local staff or contracted maintenance

PaceControls, LLC40 West Evergreen AvenuePhiladelphia, PA 19118

877-PACE-HVACwww.pacecontrols.com

For all CCE correspondence:3115 34th Street, NWWashington, DC 20008(202) 285-9350 (m)(202) 363-5137 (f)[email protected]

Startups� ��


technicians, briefing them so that they can do any subsequent installations. Our controllers, which carry a 5 year standard warranty, typically require little or no maintenance post-installation.

Commercial OpportunityPotential is enormous – most existing installed commercial A/C equipment above 5 tons is a candidate, and much existing standard-efficiency fossil-fired heating equipment. In recognition of this Pacific Gas & Electric just (10/06) awarded PaceControls and its partners 2 energy-efficiency/demand reduction deployment contracts, one to install on 5,000 tons of Cushman & Wakefield equipment, the other (and larger) contract aimed at “big box” retail properties.

Competitive Advantages1. Patented. 2. Performance claims supported by enormous body of independent engineering and third-party engineer-supervised testing, as well as HVAC OEM analysis and testing. 3. Credentialed by major corporate and public-sector customers. 4. Product line provides heating and cooling energy efficiency solutions, plus a very flexible Demand Response (Voluntary Curtailment) solution. 5. Rugged product manufactured under contract by U.S. affiliate of multinational power equipment and controls company.

Future Financial Plans$3 million equity raise to launch 11/06, with proceeds primarily applied to new patent filings, licensing and private-label manufacture, product development, and hiring of additional sales/marketing professionals.

Startups� �0


PowerHouse Enterprises

Officers and Directors:A. Quincy Vale, President

PowerHouse Enterprises60 Island StreetLawrence, MA 01840

PowerHouse-Enterprises.com

T (978) 327-5994F (978) 327-5991

Vale@PowerHouse- Enterprises.com

Company OverviewPowerHouse™ is a green buildings solutions provider that is transforming the residential construction marketplace (approx. $400B per annum) by leveraging its propriety designs and specifications within the inherent scale and scope efficiencies of factory-based homebuilding. The proven results are high quality, distinctive homes that are healthy; efficient and renewably powered; and that are more affordable to build and own than comparable site-built buildings. PowerHouse™ has developed proprietary specs and designs (the PowerHouse™ “cookbook”) which it licenses to established modular building facilities. Multi-level marketing in concert with large scale central purchasing of specialized “green” materials will be used to control costs and to drive sales through local affiliate designers to regional modular manufacturers.PowerHouse™ is currently realizing a variety of revenue streams accruing from sales to developers and individual site owners and project consulting. Cookbook licenses, marketing, and robust R&D within a PowerHouse™ modular homebuilding lab will enable PowerHouse™ to become the gateway to a national/international market for new sustainable building products, technologies and strategies.PowerHouse™ baseline specifications reduce household energy cost by 80%, are certified through the USGBC’s LEED-H program as a green home, and are currently being sold throughout New England.


Market and Application

PowerHouse’s primary market is the national homebuilding market which is comprised of approximately 2 million new housing starts per year, with a gross market value of about $400 Billion per year. Of this market, 12% is currently serviced by modular homebuilders (not trailers), which is our primary target market. It bears noting that modular construction is the fastest growing segment of the U.S. residential construction marketplace, and that in other nations (particularly in Europe and Japan), the residential construction market is dominated by factory-based builders.However, given the fact that many of the current building codes are derived from internationally-accepted codes, there is no reason to arbitrarily limit market activities to the United States. As demonstration of this fact, although PowerHouse is really just getting started, we are already active in Canada and are fielding inquiries from the EU, and from Caribbean and African nationals with proposals for work in Dominica and Nigeria (not as an internet scam to hide ill-gotten oil wealth).

Commercial OpportunityPowerHouse™ is poised for exponential growth by licensing its specs and designs to additional qualified modular home building plants and then driving sales to them via marketing and publicity. Within the national and international homebuilding market, there is high and growing unmet demand for more energy efficient and

Startups� �1


“green” alternatives to conventional products. By marketing directly to developers, homebuilders, and home owners, PowerHouse will drive sales to our modular licensees thus increasing market share and uptake by other modular manufacturers.

Competitive Advantages There are a number of companies designing and building green houses: Clarum Homes, Empyrean, Independence Energy Homes, and LivingHomes. Each of these companies builds homes for its own account and/or for its clients. We are not aware of any other company aiming to develop an enabling technology equivalent to the PowerHouse™ Cookbook which can be transformative of the residential construction industry. Competitive advantages of the PowerHouse™ strategy include: creation of value for end users, licensees and supplier/vendors through operation of the PowerHouse™ gateway and volume discounts for specific materials, systems and components; diversification of real estate risk by being active in multiple markets; ongoing development of intellectual property and augmentations/improvements to the Cookbook via the PowerHouse™ R&D lab (needed to address national building code, inspectional and regulatory issues); and brand equity associated with proprietary use of the trademark “PowerHouse” ™.

Future Financial PlansPowerHouse™ is seeking $5 million in capital to enable it to expand quickly into additional markets and to execute on its business strategy. An initial $1.5 million will enable PowerHouse™ to add staff, secure additional intellectual property, and undertake substantial marketing efforts. One year later, with an additional infusion of $2 million, PowerHouse™ will open its R&D facility to fulfill open regional orders and to generate additional IP. The remaining funds will be used to progress faster by building demonstration projects and conducting additional marketing in additional target markets in the US or internationally in order to drive sales to our regional PowerHouse™ licensees.

Startups� �2


SunEthanol(University of Massachusetts - Amherst)

SunEthanol110 Pulpit Hill RdAmherst Ma 01002

Stephan Rogers413-531-6884

Officers and Directors:Susan LeschineJohn FabelJef SharpJeff HausthorStephan Rogers

Company Overview“SunEthanol” is a new company formed to commercialize a proprietary cellulosic ethanol production technology that offers a highly attractive and potentially “game-changing” value proposition. SunEthanol is positioned to redefine the ethanol fuel production industry by being first to market with a robust, flexible and low-cost commercial-scale consolidated bio-processing (CBP) technology for ethanol and other fuel production. The development of a viable CBP – with its many inherent advantages -- has long been the goal of the bio-fuels industry. The SunEthanol CBP process consolidates several costly processing steps into one lower-cost efficient step. Biomass goes in, ethanol comes out. The resultant cost savings are significant, and cascade throughout the value chain. The proprietary SunEthanol CBP process offers additional value in that it can have broad application globally through its ability to be configured to utilize a wide variety of feedstocks, including low-grade waste products. The SunEthanol process has been rigorously proven in the laboratory, and is ready to be brought to market. SunEthanol is currently raising an initial $6M to bring its process to an industrial scale, to be followed by a second round of financing to construct a pilot plant.

Product/ Technology Profile The SunEthanol Opportunity:SunEthanol is positioned to be first-to-market with a commercially viable, flexible and scalable CBP process for cellulosic ethanol production. The basis of the SunEthanol business plan is to scale its proprietary CBP and related balance of systems into an industrial scale process. SunEthanol is currently raising First-round financing to engineer the process to an industrial scale. The Company will subsequently raise a Second round of financing to capitalize the construction of a pilot plant.

• A potential 75% cost reduction for bio-ethanol production relative to current technologies.• A flexible, “platform” system with the ability to create fuels from a wide-range of cellulosic feedstocks,

including low-grade waste sources.• A proprietary process based upon a naturally occurring organism that does not require fundamental

genetic engineering or represent a bio-hazard.• Ability to produce other bio-fuels, such as H2.

Why SunEthanol CBP technology represents such a strong value proposition:The SunEthanol CBP process consolidates several key processing steps into one lower cost and more efficient step. The resultant cost savings care significant, and cascade throughout the value chain. The proprietary SunEthanol CBP process offers additional value in that it can have broad application globally through its ability to be configured to utilize a wide variety of feedstocks. Unlike other CE processes, SunEthanol CBP is not limited to a particular feedstock, such as corn or switchgrass.

SunEthanol

Startups� �3


Much attention has been paid to the development of ethanol from cultivated sources such as corn. However, extensive analysis shows that these production methods return only marginal ROI on energy return for energy invested. Accordingly, major research, market interest and investment have turned to methods of ethanol production from cellulose (cellulosic ethanol, or CE), which makes use of the whole plant, as well as the potential to utilize a wide range of cellulose sources, including low-grade waste materials. However, two barriers to realizing the potential of CE is that current CE methods require 1) numerous processing steps, and 2) the use of costly enzymes to breakdown cellulose into the necessary sugars required for fermentation.Leapfrogging the enzyme bottleneck:The SunEthanol CBP process technology utilizes novel microbial catalysts to leapfrog the enzyme bottleneck and enable the direct and efficient conversion of cellulosic materials to ethanol. Feedstock goes in, ethanol comes out -- in one step. The separate and expensive enzyme step is eliminated as the enzymes required to degrade the cellulose to sugars are produced by the microbial catalyst itself. Additionally, the CBP technology enables the conversion of a wider range of carbohydrates found in cellulosic materials.

Intellectual PropertyThe SunEthanol process technology was developed at the University of Massachusetts at Amherst, by Dr. Susan Leschine. A provisional patent has been filed covering the central claims of process; a full patent application is pending and will be filed imminently. This application covers the core aspects of the SunEthanol process. SunEthanol is currently negotiating exclusive licensing rights from the University of Massachusetts. SunEthanol has identified additional related IP, and is developing an IP strategy to solidify its position in the market.

Startups� ��


Worldwide Energy, Inc.15. S. Excelsior AvenueButte, Montana 59701-1530

www.wesofc.com

(406) 723-8110 (p)(406) 723-8105 (f)

[email protected] [email protected]

Officers and Directors:Herbert T. Nock, CEOP Torgerson, President & COOJo Anne Martin, VP, AdminMark C. Williams, Ph.D. , CTO

Board Members:Richard C. DunstanIan A. Bowles

Company OverviewThe Worldwide Energy Corporate Vision is to become to be a world leader in the production of low cost, high performance solid oxide fuel cell stacks for use by OEMs. Our core technology is the application of anode, electrolyte, and cathode coatings to a tubular metal substrate. We believe these coatings and the metal support can be matched to produce a low cost, durable, and mechanically stable solid oxide fuel cell element. The element cost has been estimated by an independent third party to meet an expected commercial market cost of $365/kW in high volume production. The management team which will develop and commercialize this technology combines a unique blend of scientific, technical, and market expertise from government, R&D, fuel cell, energy, and utility sectors. The Worldwide Energy management team includes world class project management experience leading product development programs at the Department of Energy, Department of Defense, GE, and Zurn Industries. The expertise of the management team is supplemented by a world renowned Board of Advisors. Worldwide Energy believes that this combination of technology and management provides opportunity for production of world class SOFC technology with a sustainable competitive edge.

Product/ Technology Profile Worldwide Energy has identified a number of stationary power entry market applications which we believe are well suited to its proprietary technology. Our plan is to serve the small and medium commercial, residential, light industrial, and military markets segments with fuel cell stacks rated up to 125 kW. The size of this market has been estimated at $15 - $30 billion based on various third party market studies. We intend to develop stacks suitable for integration by OEMs into electricity generating systems with end user form, features, and benefits tailored to the distribution channel. The stacks are expected to be compatible with hydrogen, pre-reformed natural gas, and reformed liquid fuels. The higher operating temperatures of a SOFC also have a higher quality of heat recovery suitable for thermally activated technologies, e.g., chillers, dessicants, process heating, and process steam. Worldwide Energy has also identified a number of additional opportunities for its tubular elements in other potential applications outside of its power generation area. Its main R&D, product development, and early commercialization focus is projected to be on the markets identified above. Internal marketing studies, validated by commercially available market studies and our Board of Advisors, indicate that our stacks appear to be suited for these initial target markets. The Worldwide Energy Solid Oxide Fuel Cell (SOFC) Technology offers significant advantages over currently available designs. SOFC is the latest generation fuel cell technology potentially offering longer life and higher power densities than previously available. Our SOFC is metal supported which has the potential to offer lower operating temperature, more robust mechanical design, and lower manufacturing costs than other SOFC technologies. Principal unique characteristics of the Worldwide Energy Technology applied to tubular SOFC’s include the following:

Worldwide Energy

Startups� ��


• Mature, simple and efficient manufacturing process • Metallic, rather than ceramic construction

o Provides rigid support, increasing durabilityo Acts as current collector, eliminating the additional components needed in other fuel cell technologies

or ceramic based SOFCso Can be sealed using a simple brazeo Uses materials which are inexpensive and abundant

• Anode and electrolyte materials can be co-fired on metallic support, potentially eliminating multiple production steps and improving product yields.

The coatings have been a challenge for fuel cell developers. Thinner is better, as it lowers material costs and, most importantly, improves performance while allowing the use of the metal support tube. In this area WE excels beyond the industry standard with layers 5-10 microns thick vs. 20-150 microns for technologies offered by competing firms.A third party cost study on the element and stack analysis has validated the initial manufacturing approach can achieve entry market level cost targets. In low production volumes, our element and stack manufacturing is anticipated to be within the range of our cost projections.

Future Financial PlansOur goals in 2007 are to finalize the design of the prototype fuel cell stack (completion of support development and anode/cathode material development), establish a laboratory with low volume manufacturing capabilities and develop agreements/partnerships with OEMs To meet these goals, the company seeks to raise up to $7 million dollars through stock offerings and/or other financial instruments. Full size stack modeling and development of a prototype stack ready for integration into suitably sized systems is projected by year end 2007.

Startups� ��


Ze-Gen, Inc.70 Franklin St, Third FloorBoston, MA 02110

www.ze-gen.com

Officers and Directors:Bill Davis, President and CEO

617-875-1062 (p)781-240-5705 (f)

[email protected]

Company OverviewZe-gen was formed in mid-2004 in order to develop and deploy efficient gasification systems that convert municipal solid waste (MSW) and construction and demolition waste (C&D) into clean energy. To carry out this vision, Ze-gen has completed conceptual design of a product module designed to process feed stocks such as C&D and scrap tires and convert these feed stocks into approximately 30 megawatts of net electrical output. This facility can accept 450 tons of MSW/C&D and up to 100 TPD of scrap tires. On a gross basis, this translates into 1.654 MW per ton of waste processed. Our finished product can be built in 12 months and delivered at a cost of under $1500/kW. Multiple modules can be bolted together for larger waste applications.Bill Davis is President & CEO, with 25 years entrepreneurial management and market development experience in start-ups and early stage companies. Igor S. Polovtsev, PhD, has more than 14 years extensive experience in applied research, process development and product development in the fields of plasma physics, spectroscopy lasers, solid-state physics and material science. Irv Morrow has over 30 years engineering experience in energy fields including work with SASOL and in the bulk solids material handling, storage and feed systems of difficult-to-handle products. Tom Tansey has 40 years experience in design, construction, and operational management of waste remediation and energy recovery projects.


Market and Application:The overall market in Northeast U.S. alone is over 150 modules. Nationally, the market is 500 modules, which represents over $4.5 billion in annual revenue. We seek product deployment opportunities characterized by the confluence of high avoided costs of energy, high tipping fees, access to long term waste handling contracts, and motivated host communities. Additionally, Ze-gen will target its resources elsewhere in North America including the Caribbean Basin for reasons that include the confluence of high tipping fees, high avoided costs of energy and rapid service response time. Our business plan forecasts 2 module deployments per year after the first unit is delivered in 2009.

Commercial OpportunityTarget customers for Ze-gen systems are traditional and renewable energy power developers. Municipalities represent customers as well in the sense that they provide access to our primary source of fuel (MSW/C&D), and will provide siting for Ze-gen’s facilities. Ze-gen intends to self-develop facilities in conjunction with waste transfer station owners.

Competitive AdvantagesCompetition includes landfills, waste-to-energy (incineration) firms, and competing gasification firms. Ze-gen has distinct advantages over each. Landfills depend on high waste “tipping” fees and due to landfill gas issues have become expensive to operate. Ze-gen systems derive revenues from 6 sources, of which tipping fees are only

Ze-Gen

Startups� ��


one source. Waste-to-energy firms incinerate waste, and in doing so, generate small amounts of energy through single cycle steam turbines. These facilities also generate large volumes of toxic ash requiring landfill disposal. Ze-gen systems generate large amounts of energy through combined cycle power production, generate no residual ash or residue, are considerably more economical to construct, and are significantly more profitable to operate. Other gasification technologies are less heat efficient and therefore less net energy is available as a saleable product. The net effect is an over-dependence on waste tipping fees as a revenue source.

Future Financial PlansZe-gen seeks an additional $1.5 million to complete its Series A funding round.The proceeds of the Series A financing, together with the proceeds from the MRET Note, will be used by the Company to pay the costs of constructing and operating the demonstration facility, conducting the predevelopment testing necessary for full scale deployment of our technology, and for general corporate purposes through approximately September of 2007. Ze-gen anticipates that it will require substantial additional funding to meet the costs of continuing operations after July, 2007, including increased funding for the anticipated expansion of its operations and its sales & marketing, technical and administrative staffs. The demonstration facility will be utilized primarily for testing purposes and is not expected to produce any significant revenues.

Startups� ��


Exhibitors� ��


Additional Exhibitors

Ascendant Energy Company, Inc. ....................................................2

Avalence, LLC ....................................................................................2

ConsumerPowerline [co-exhibiting with Ambient Devices] ..........2

Forum Technologies, Inc ...................................................................2

Go Solar Massachusetts! ...................................................................3

Hy9 Corporation ................................................................................3

Invest-in-Bavaria US Office ..............................................................3

JattraVentures, LLC ..........................................................................4

Massachusetts Business Resource Team ..........................................4

Massachusetts Green Energy Fund .................................................4

NJHEPS .............................................................................................4

Northeastern University and GCK Technologies, Inc. ...................4

Novotech, Inc ......................................................................................5

Progressive Asset Management ........................................................5

Protonex Technology Corporation ...................................................5

SOMS Technologies ...........................................................................6

SouthCoast Development Partnership .............................................6

University of Massachusetts Amherst ..............................................6

Exhibitors� �0


Ascendant Energy Company, Inc.Contact Person: Christopher Straka112 North Shore Drive, Owls Head, ME 04854Phone: (207)594-6303 Fax:(207) 596-7755Email: [email protected]: http://www.ascendantenergy.comAscendant Energy has developed a breakthrough 37% efficient solar module versus the standard of 14%. By generating power and heat from a square foot of sunshine, Ascendant’s Solar Cogenerator™ addresses more of its commercial customers’ energy needs. Ascendant received funding of $324.3k from the Maine Technology Institute for 2007 roll-out.

Avalence, LLCContact Person: Stephen F. NagyChief Executive Officer1240 Oronoque Road, Milford, CT 06460-1146Telephone: (203) 701-0052Fax: (203) 878-4123Email: [email protected]ālence, LLC develops and manufactures compressor-free high pressure electrolytic hydrogen fuel generators that optimize renewable power sources. Revenues should double in 2007 to over $2 million. Clients are in transportation, industry and government with an SBIR-II. Our serial entrepreneur management is seeking $4 million in staged capital.

ConsumerPowerline [co-exhibiting with Ambient Devices]Contact Person: Humphrey Wong 17 State Street, 19th Floor, New York, New York 10004 Phone: (212) 796-7102 Fax:(212) 361-6385 Email: [email protected] [& [email protected]] Website: consumerpowerline.com [& ambientdevices.com] ConsumerPowerline helps customers manage their energy through implementing efficient operational strategies, conservation measures, demand response, de-regulated market participation, innovative commodity contract structures, emissions credits, technical audits, upgrade management, forecasting and budgeting, bill analysis, rate optimization, overcharge recovery, regulatory representation, cogeneration, and incentive acquisition.

Forum Technologies, IncContact Person: Kerri SallsP.O.Box 1065, Westford, MA 01886Phone: (978)692-5258Email: [email protected]: www.lodestar.myfti.bizTomorrow’s Technology TodayLaunched July 17, 2006, Forum Technologies Inc, has the EXCLUSIVE MARKETING AND DISTRIBUTION RIGHTS to over 240 patented technologies and products from Greg Dockery’s Xium Corporation. Foremost among them is the XPower Energy Saver (independently tested & UL compliant), which reduces up to 25% of your electricity consumption monthly. Become a consumer, retailer or distributor of Xpower today. www.lodestar.myfti.biz

Exhibitors� �1


Go Solar Massachusetts!Contact Person: Brian Butler49 Dartmouth St, Somerville, MA 02145Phone: (617) 899 4512 Fax:(617)718 0279Email:[email protected]: www.gosolarmass.orgGo Solar Massachusetts!is dedicated to promoting a Renewable Energy Minimum Standard for single family dwelling construction and renovation.Go Solar Massachusetts proposes that a standard minimum investment in on-site, renewable energy generation be required for all renovation OR new construction projects that exceed $500,000 dollars in overall budget, per single dwelling unit. As currently envisioned, projects over a $500,000 budget threshold, would be required to have a minimum 5 percent of that budget be devoted to renewable on-site energy generation.

Hy9 CorporationContact Person: Jeff Altman, President, CEO 106 South Street, Hopkinton, MA 01748-2207 Phone: 508.435.3789 Fax: 508.435.3742Email: [email protected]: www.hy9.com Hy9 manufactures metal membrane hydrogen purifiers and reformer products for the industrial, specialty gas and energy markets. Hy9 has sold over 600 high purity hydrogen purifiers with millions of cumulative hours of global field use. In addition, Hy9 is selling hydrogen reformers to fuel cell companies. Hy9’s patent-pending process intensification combines a membrane and catalyst in a cost-effective, one-step reforming process which provides high purity hydrogen.

Invest-in-Bavaria US OfficeContact Person: Jan Danisman560 Lexington Avenue, Floor 17, New York, NY 10022Phone: (212) 371-0588Fax:(212) 317-0590Email: [email protected]: www.bavaria.orgInvest-In-Bavaria provides free assistance to U.S. companies interested in expansion or investment opportunities in Bavaria-Germany. We streamline the fact-finding phase and the decision process. Some services include: site inspections, exploring opportunities for financing and grants per funding criteria, completing official formalities rapidly and using our network to provide valuable introductions.

Exhibitors� �2


JattraVentures, LLCContact Person: Jef Sharp or Steve Rogers110 Pulpit Hill Road, Amherst, MA 01002 Phone: (413)_531-6884 Fax:(866) 873-4011Email [email protected]: http://www.jattra.comJattra Ventures, LLC, provides venture development services for the next frontier of the global economy-- the Green Technology landscape. Jattra is a team of seasoned entrepreneurs who are broadly networked in the technology, academic and business sectors. We take green tech ventures from 0 to 60.

Massachusetts Business Resource TeamContact Person: Eric D. SchoenfeldOne Ashburton Place, Suite 2101, Boston, MA 02108Phone: 1-877-BIZTEAM (249-8326) Fax:(617) 788-3695Email: [email protected] Website: www.mass.gov/bizteamThe Massachusetts Business Resource Team is a customer-focused, single point of contact that brings to bear all of the resources and incentives available to businesses.

Massachusetts Green Energy FundContact Person: Jay Fiske320 Washington Street, Brookline, MA 02445Phone: (617)739-1155 x206 Fax: (617)739-3550 Email: [email protected]: www.massgreenenergy.comThe Massachusetts Green Energy Fund is a venture capital fund investing in a broad range of renewable energy technologies. We invest in companies that possess a strong leadership team and have a proprietary technology that can substantially improve the value of renewable energy generation, energy storage and power management.

NJHEPS The New Jersey Higher Education Partnership for SustainabilityContact Person: Terra Meierdierck138 Warren Street, Newark, NJ 07102Phone: (973)642-7848 Fax: (973)642-7170Email: [email protected]: www.njheps.org The New Jersey Higher Education Partnership for Sustainability (NJHEPS) is a consortium of 40+ New Jersey higher education. NJHEPS is funded through member dues, grants, and contract work. NJHEPS works to advance sustainability at NJ colleges and universities including efforts to advance clean energy and energy efficiency.

Exhibitors� �3


Northeastern University and GCK Technologies, Inc.Contact Person: Alexander Gorlov360 Huntington Ave. Boston, MA 02115Phone: (617) 373-3825 Email: [email protected]: www.gcktechnology.comThe Gorlov helical turbine converts the kinetic energy of water currents into electricity without using ecologically harmful conventional dams. The Gorlov turbine efficiently harnesses energy from both deep and shallow water flows. It opens up the prospect for such huge renewable energy sources as ocean currents, tides, and rivers. This energy could also be used to develop a clean infrastructure for mass production of hydrogen fuel by water electrolysis. GCK Technology, Inc. has secured the patent rights from Northeastern to mass produce the turbine.

Novotech, IncContact Person: Michael Hulen916 Main Street, Acton, MA 01720Ph 978-929-9458 x202Fax 978-929-9459Email: [email protected] The Roadway Power SystemTM introduces an entirely new method for capturing solar energy. The technology uses heat from asphalt and other paved surfaces to produce electricity. Novotech, Inc will leverage a recently issued patent to introduce a low cost, clean energy alternative to commercial properties. Heat from property roadways and parking lots is converted to power using a commercially available heat pump such as an absorptive chiller. The massive installed base of parking lots and roadways creates a low cost solar collector an order of magnitude more productive than traditional solar cells.

Progressive Asset ManagementContact Person: Eric Packer177 Worcester St, Wellesley, MA 02481Phone: 781 239 1187; 800 327 7003; Fax: 781 239 0288Email: [email protected]: www. PAMBoston.com“Balancing Your Values with your Investments”Progressive Asset Management, Wellesley, MA is a full service investment firm, specializing in Socially And Environmentally Responsible Investing. We offer the complete range of investments: Stocks, Bonds, Mutual Funds, Fee-based Accounts, Individual and Company Retirement Plans and 529 Tax Free College Savings Plans

Protonex Technology CorporationContact Person: Jennifer Humiston153 Northboro Road, Southborough, MA 01772Phone: (508) 490-9960 Fax:(508) 490-8575Email: [email protected]: www.protonex.comProtonex develops and manufactures compact, lightweight and high-performance fuel cell systems for 10- to 500-watt portable applications. These systems are designed to meet the needs of military and OEM customers for off-grid applications underserved by existing technologies by providing stand-alone power solutions and systems that may be hybridized with batteries.

Exhibitors� ��


SOMS TechnologiesContact Person: Miles Flamenbaum 145 Sabbaday LaneWashington Depot, CT 06794Phone: (646) 365-3419 Fax: (646) 365-3419Email: [email protected]: www.somstech.comSOMS Technologies has developed and patented the SOMS (Spin-On Microfilter System) engine oil filter for internal combustion engines. The SOMS filter significantly increases the oil and filter change interval, providing significant direct savings to customers as well as reduced environmental impacts and use of precious natural resources.

SouthCoast Development PartnershipContact Person: Jennifer Menard285 Old Westport RoadDartmouth, MA 02747Phone: (508) 999-8412 Fax:(508) 910-6556Email: [email protected]: www.southcoastdev.orgFrom Buzzards Bay to Narragansett Bay, SouthCoast is at the center of a unique, world-class marine science technology corridor with the UMass School of Marine Sciences & Technology in New Bedford and the Advanced Technology & Manufacturing Center (ATMC) in Fall River & the QUEST Center, the marine-science-focused incubator in New Bedford. The SouthCoast region fully supports and knows Marine Science! Get To Know SouthCoast Massachusetts.

University of Massachusetts AmherstContact Person: Loren Walker Research Liaison and Development70 Butterfield Terrace, Amherst, MA 01007Phone: (413) 577-3725 Fax: (413) 577-1500Email: [email protected]: www.umass.edu/research/energyAdvanced energy research at UMass Amherst spans the entire energy continuum – from harvest, use, and conservation to the environmental, social, and economic impacts of these activities. Information about specific research programs and how they’ll impact your world is available via the UMass Amherst Advanced Energy Research web portal: www.umass.edu/research/energy/

the conference on clean nergymttc.org/wp-content/uploads/2014/09/cce2006_notebook.pdfthe conference...

Documents