Private and Confidential © 2011 1

Hydrogen for Energy – Pure and SustainableAn update from the fuel cell world

Amanda Lyne, ACAL Energy, VP Strategic Business Development

October 2011 for SuperGen Event

Private and Confidential © 2011 2

Fuel cell technology is starting to penetrate niche markets$500M Today Growing to $1B in 2014, Potentially Even Faster Growth After 2015

Stationary market growing rapidly 1-5kW size for telecom back-up in

emerging markets But, larger size applications

beginning to accelerate Materials handling also growing

Driven largely by Plug Power, recently placed 3,000 unit order from Ballard

Size range increasing, now up to 20kW

CHP continues to grow in Japan Recently nuclear problems have

accelerated interest German commitment via Callux

project2006 2007 2008 2009 2010

0

500

1000

1500

2000

2500

3000

3500 Ballard Unit Shipments

Other

CHP

Materials Handling

Back-upYe

arly

Uni

t Sal

es Total 1,700

Total 849

Total 462

Total 1,177

Total 3,014

Example: Ballard Yearly Unit Sales Growing Rapidly in B/U and Materials Handling

Private and Confidential © 2011 3

Global auto rollout is happening for 2015

Automotive demands will drive supply chain development, currently assuming initial roll out based on reformer technology

Private and Confidential © 2011 4

Move to Renewables is Creating New Opportunities for FC & Hydrogen

Private and Confidential © 2011 5

Global examples of small scale stationary deployment

Hydrogenics Date centre & UPS

Dantherm Power Telecom’s back up

IdaTech Telecoms back up (Liquid fuel)

AltergyTelecoms Back Up

Private and Confidential © 2011 6

Fuel Cell products for CHP Baxi Innotech PEM micro CHP

Ene Farm PEM CHP

UTC SOFC CHP systems

HEXIS SOFC

CFCL BlueGen SOFC

Private and Confidential © 2011 7

Fuel Cell Products – Materials Handling

Plug Power GendriveHydrogenics

Nuvera

Private and Confidential © 2011 8

Challenges remain to achieve mass market take up Cost down

Mass market supply chain More cost effective durability

Re-fuelling Infrastructure For automotive & transport For niche application (packed gas logistics) For integration in renewable systems

System Integration and increased awareness Investment in innovation Reduction in development risk versus investment payback

Private and Confidential © 2011

A fundamentally lower cost, more reliable PEM Fuel Cell System

FlowCath® replaces up to 90% of the expensive platinum catalyst found in a PEM Fuel Cell with a safe, low cost, water-based catalyst solution.Which eliminates the need for membrane dehydration, has no peroxide attack, and no catalyst deactivation that leads to improved reliability and robustness At the same time it eliminates the need for humidification, air and fuel pressurization, and a separate cooling system.Provides cost savings of 40% and greater over conventional PEM Fuel Cell systems.Technology can be applied to PEM Fuel Cells from 1 to 200kW+ in size.

Fuel CellStack

Hydrogen orReformate Fuel

Proprietary Catalyst Solution

Air

Regenerator

Air, Water Vapor, Heat

Pump

Blower

ACAL Process Flow Diagram

* PEM Fuel cells are proton exchange membrane fuel cells which are most the commonly used type for automotive and stationary power applications

Private and Confidential © 2011

Private and Confidential © 2011

First system will be installed by end of the Summer 2011 Pipeline supplied hydrogen Net 1kW (Gross 2.5kW) power for environmental remediation plant pumpUninterrupted power supply (UPS) and continuous running duty cycles Subsequent units in the planning stage