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GWave: Socially Responsible Investment
October 2014
CONFIDENTIAL/PROPRIETARY
GWAVE is a registered trademark of GWAVE LLC.
Private and confidential, not for distribution 2
How can we generate 3.5 GWh of electricity?
500 MW Coal-fired plant CO2: 3.7 million tons CO2
Water used: 2.2 billion gallons NOX: 10,200 tons
SO2: 10,000 tons
Ash: 125,000 tons Sludge: 193,000 tons Small particles: 500 tons Hydrocarbons: 220 tons Arsenic, lead, and other toxic
metals
800 MW GWave park No CO2
No water used No NOX
No SO2
No ash No sludge No particles No hydrocarbons No toxics
Source: Union of Concerned Scientists
Private and confidential, not for distribution 3
Global Threat from Coal in Electric Generation
1,199 proposed coal-fired plants, 1,401 GW capacity Source: World Resources Institute Would add 8.6 billion tons of annual CO2 emissions
Existing coal-fired and other fossil-fueled plants Global emissions at 36 billion tons CO2 emissions
Source: US Oak Ridge National Laboratory
GWave could displace over 2,400 fossil-fired plants Considering wave resource and power demands Displacing approximately 14 billion tons CO2 emissions
Source: Charles River Associates
Full build-out of GWave potential woulddramatically reduce energy-sector carbon impact
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Cheap Power Addresses Poverty and Conflict
Water Power is the single largest cost in desalination Cheap and abundant power cheap and abundant water
Social Justice and Pollution Existing power plants, mines, and waste disposal impacts poor and
disadvantaged members of society disproportionally Solution: Replace fossil fuels with ocean-based generation
“Resource Curse” creates corrupt societies In countries with weak institutions, abundant oil wealth yields worse
outcomes for most citizens Ocean waves are not a scarce commodity
Conflicts over resources Reduce dependence on fossil fuels, reduce wars to secure them
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Secure Power with Low, Stable Prices Creates Economic Growth
Energy-intensive industry follows cheap power Aluminum left the Pacific NW in 2000s when the value of electricity quintupled, to exploit
cheap coal power in S. Korea Server farms go where they can get low-cost, long-term power contracts States offer subsidized power to lure new factories, e.g. Tesla’s Gigafactory for batteries in
Nevada
Lower electricity prices stimulates the economy Americans spend over $500 billion/year on electricity GWave could lower delivered cost by approximately $60 billion/year Dollars not spent on fuel can be spent or invested elsewhere in the economy
Energy price stability is essential for investment Price swings can erase profit margins Layoffs and plant closures follow GWave power prices can be fixed for the 30-year life of the vessels
Sustainable energy improves trade balances E.g., Japan spent $250 billion on total fuel imports in 2012,
one-third of its total imports GWave reduces dependency on overseas energy sources
Private and confidential, not for distribution 6
GWAVE LLC
Robert Stoddard [email protected]
Contacts:
Glenn [email protected]
