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1 REDUCING GHG EMISSIONS. FUNDING A WAY FORWARD. David Lewin May 23 2014 Funding Clean Technology Absolute emissions must be reduced while meeting a growing global demand for energy Technology is critical to meeting this challenge Patient capital is critical to advance innovative, transformative technology

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Page 1: REDUCING GHG FUNDING A WAY - Drayton Valleydraytonvalley.ca/wp-content/uploads/2014/08/CETC...2008 -2010 inclusive, the Canadian CleanTech industry outpaced global growth, registering

1

REDUCING GHG EMISSIONS.FUNDING A WAY FORWARD.

David Lewin May 23 2014

Funding Clean Technology

• Absolute emissions must be reduced while meeting a growing global demand for energy

• Technology is critical to meeting this challenge

• Patient capital is critical to advance innovative, transformative technology

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The Need for Clean Technology

• The world’s population and demand for energy are growing

• Fossil fuels will continue to be an important energy source 

• Canada has tremendous fossil fuel resources

• We must reduce emissions, even as demand for energy grows 

A climate for change

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The CCEMC Model

• CCEMC is an Alberta based not‐for‐profit corporation with a mandate to establish or participate in funding for initiatives that reduce emissions of greenhouse gases (GHGs) or improve the ability to adapt to climate change

• Enabled through the Government of Alberta’s regulatory approach 

• Funded by Industry

Strategic Investment Areas

$21,442,331 

$37,748,236 

$54,749,066 

$97,959,717 

Total CCEMC clean tech commitments after Round 7($211.9 million)

CCS (9 projects)

Energy Efficiency (14 projects)

Greening Fossil Fuels (9 projects)

Renewables (18 projects)

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ESEIEH• electromagnetic heat to extract bitumen

MEG • increase pipeline capacity

CO2 Solutions • enzyme-enabled carbon capture

Nova • molecular sieve for ethylene

manufacturing

Game Changing Technology

Grand Challenge Overview

2015-2016

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1. Economic benefits• > 80 projects, including adaptation and Grand Challenge• $212.8 million allocated, $1.26 billion in total project value (leverage 6.1:1)

2. GHG emissions reductions• Emissions reduction : 10MT/2020

3. Identifying bright ideas from around the world • $65 million in funding available now

4. Game changing technology

An Effective Model

Take Home Messages CCEMC is a successful working model

• Alberta is committed to reducing GHG emissions while addressing growing global demand for energy.

• Innovative, transformative technology is required to reduce GHG emissions in an energy economy.

• The CCEMC is a key mechanism to foster development of transformative technology and achieve Alberta’s targets.

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CCEMC.CA

APPLY NOW$65 million available

Deadline for submission August 28, 2014

Climate Change and Emissions Management Corporation

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WESTERN CANADIAN CLEANTECH INDUSTRY

DEVELOPMENT

PROGRAMS AND PARTNERSHIPS WITH ACTIA –ALBERTA CLEANTECH INDUSTRY ALLIANCE

PRESENTED BY: RUS MATICHUK

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Agenda

Clean Energy and CleanTech The Opportunities The Barriers Existing Infrastructure ACTia – Vision, Outcomes, Actions Key Alliances Next steps

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Clean Energy & CleanTech

- Source: Canadian Cleantech Industry Report, Analytica Advisors

Proprietary technology to deliver products or services that reduce negative environmental impacts, while delivering competitive performance, and/or using fewer resources than conventional technologies.

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A growing opportunity

2010: $1T global CleanTech industry. 11 percent Compound Annual Growth Rate (CAGR) Forecast to exceed $3 trillion by 2020. 2008 -2010 inclusive, the Canadian CleanTech

industry outpaced global growth, registering a 19 percent CAGR in support of a $9 billion dollar industry in 2010.

Importantly for Canadian employment, innovation, and commercialization, Canadian CleanTech is recognized as investing heavily in R&D 2010: Canadian CleanTech invested an estimated $985

million in R&D and provided an estimated 44,000 direct jobs

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CleanTech Opportunities for Western Canada

1. Improve environmental sustainability of our industries and society

2. Diversify our economy3. Sustainable competitiveness &

prosperity

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CleanTech Barriers (traditional)

Financing (access to capital) Customers (access to supply chains!)

Especially local… Cleantech is disconnected from the core engine of the

Alberta Economy (energy, Ag, etc.) Volumes, scaling Price modeling Policy barriers Access to R&D and demonstration facilities Skills and competencies (attraction & retention)

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Key Barrier

Like many emerging industries, the component parts of the industry – or the “ecosystem” – is not connected or coordinated…

SME’s

Research

Customers

(AngelsVC’sCorprate VCConventionalGovCCEMC/SDTC& Others…)

$$

Associations

Gov’tIntegrators

Advisors

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Help: Accelerators / Assistance

Alberta Innovates TEC Edmonton Innovate Calgary ACAMP TR Tech Startup Edmonton & Calgary Advanced Technology Centre Alastair Ross Technology Centre NovaNAIT NABI BusinessLink (Edmonton and Calgary) eHub Productivity Alberta Rural Alberta Business Centre Pilot AccelerateAB

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Help: Funding

VCs: 32o Capital, Accelerate Fund, Avrio Capital, Azure Capital Partners, Chrysalix Energy Venture Capital, EmergexCapital, EnerTech Captial, iNovia Capital, Yaletown Venture Partners

Angels: TEC Venture Angels, Independent Angels [Rocket Launcher Network]

Debt/Venture Loans: AVAC, BDC, other Subdebt Lenders (some banks too)

Traditional Lending: Banks Equipment Financing: Banks, leasing funders, leasing brokers Grants: NRC (IRAP, Researcher and Marketer funding),

SR&ED tax credits, Alberta Innovates (Vouchers?), CCEMC, Tecterra

Other sources: friends and family, crowd funding, strategic partners, advances on orders, public markets

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Help: Other

CanmetENERGY Technology Centre – Devon (NRCan)

Edmonton Waste Management Centre of Excellence

National Institute for Nanotechnology Alberta Glycomics Centre

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ACTia

2008-09: Community formed; working group established through AB. Council of technologies.

2011: ACTia Incorporated 2012: Established Board, governance,

organization. 2012-13: Initial events & activities

(Clean Drinks; NBSF/NSCF; 2014 …

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Vision

To position Alberta as a WORLD LEADER in CleanTech research, commercialization, and manufacturing through facilitating a CleanTechInnovation Ecosystem that matches promising CleanTech SMEs with the expertise, financing support and prospective customers they need to be successful.

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Outcomes

Primary outcome: More companies that launch and thrive in Alberta

This will occur through: Improved incubation and effective business

launches – Connecting innovation with EXPERTISE

Improved business development and early stage growth – Connecting innovation with CUSTOMERS

Improved business growth (scaling) – Connecting innovation with CAPITAL

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Actions – Big Ideas

Effective industry sector governance; Facilitate & optimize genuine collaboration between

industry, CleanTech sector, and government; Development of effective & intentional regional clusters

of energy companies and CleanTech producers & service providers;

Effective, reliable, cost-competitive supply chains short-term: solving problems specific to Alberta’s energy sector long-term leverage these solutions into global markets;

Removal of bottlenecks in Alberta’s innovation system that impede timely commercialization of CleanTech and CleanTech SMEs.

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Actions – First Steps

Electronic connector activities – database and web infrastructure

Referral service – connecting innovation to incubators, professionals, etc.

Physical connector activities – CleanDrinks, CleanTech Conversations, Energy Supply Chain Forum Innovation Pavillion, Access to Capital events

Industry profiling – collecting and distributing information on companies and innovation

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Alliances – Working Together

Glacier Media Group – JWN and Cleantech Canada CCEMC TR Tech Foresight CleanTech Accelerator nanoCLUSTER Alberta Technology Alberta ABCTech TEC Edmonton Calgary Innovates and SURE Cluster C3 Pembina Research Institute Lethbridge College NAIT Dentons

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Next Steps

Funding for initiatives More partnering activities on each of the

action items Board and committee involvement Alignment with other industry initiatives

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30/05/2014

1

Enhancing Possibilities

Alberta Innovates and Clean Energy Technology Development in Alberta

Brent Lakeman, General ManagerEnvironment and Carbon Management

May 23rd, 2014Drayton Valley, Alberta

Technology Futures Overview

+90 years of operation

600 world-class scientists, researchers, engineers, technicians, business experts and professional staff

3000 clients (entrepreneurs, businesses and agencies)

$174 million in total revenue

$76 million in fee-for-service applied research

+1 million square feet of laboratory, pilot plant, scale-up, collaboration and office space in four locations: Edmonton, Calgary, Vegreville and Devon

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Mandate and Role

From the Government of Alberta: For the economic and social well-being of Albertans…research and

innovation activities that develop and grow the technology sector aligned to GoA priorities, including the commercialization of technology and the application of knowledge

Meet Alberta’s research and innovation priorities in agriculture, forestry, energy, the environment, health and other areas

Foster development and growth of new and existing industries through research and innovation

Alberta Innovates SystemAchieving Alberta’s Priorities

Application and Commercialization

Outcomes Resilient and healthy communities | Broad-based economy | Effective resource and environmental management

Long-term research, industrial chairs, and talent and capacity building

Priority InitiativesEducation and Entrepreneurship | Rebalanced Fiscal Framework | Integrated Resource System | Expanded Market Access

Applied research and development

EAE OtherESRD ARD HealthEnergy

Economic & Societal Benefit to Alberta

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AITF’s Operational Approach

Part of Alberta Innovates family (includes AI-BioSolutions, AI-Energy and Environmental Solutions & AI Health Solutions)

Takes industry-focused, sector-based approach

Provides research and commercialization services to Alberta’s Innovation System

Collaborates with: Businesses of all sizes (includes SMEs)

Campus Alberta and other

Post-Secondary Institutions

Governments

Innovation Players

Applied Research Centres

Client-centric, fee-for-service and strategic research to: De-risk technology development and

investment

Develop and commercialize leading-edge technologies

Facilitate industry and government consortia collaborations

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Clean Energy Portfolio

Support GHG reduction and waste utilization needs of key sectors (Forestry, Oil and Gas, Food & Agriculture, Municipalities)

Two mutually-supporting themesIntegrated Energy Systems

Energy Conversion Technology

BiogasBiomassGeothermalHydroNuclearSolarWind

Key Elements of Energy Integration

Energy Domains

Technology Clean energysources

Markets

EconomicsRegulatoryLocal vs. exportIndustrial/residential

Energy conversionEnergy storageTransport

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Natural gas

Nuclear

Solar thermal

Wind

Solar PV

GeothermalNatural gas

Steam & hot water

Process heat

Hydrogen

Electricity

Steam&hot waterHydrogen

Electricity

Process fuel

GHG intensity 2012

GHG intensity 2035

Example: Oil Sands

CE - Integrated Energy Systems

Industrial focused, multi-domain energy transfers and opportunities

Current focus:“Energy Mapping” in Alberta Industrial Heartland

Energy Storage research and techno-economicsan enabler to renewables firming and enhanced integration

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Energy Mapping in Alberta’s Industrial Heartland

Feasibility phase to: Determine types, quantity and quality of energy supplied & used Identify quality & quantity of “unused” energy at sites & ways to use it Establish standard data sets Develop business case for energy integration in Heartland

C3 Leading initiative with AITF as Technical Lead Funding and in-kind support from NRCan, AIH, Suncor, Keyera, Air Liquide,

Rio Tinto, Agrium, Western Hydrogen

Quality

Steam: 300⁰ C

200⁰ C Heat

50⁰ C Heat

Supply Used For:

Heat Facility: 40⁰ C

Process Heating: 150⁰ C

Quantity Quantity Needed

Identified“Unused”

Energy

Reduction in High Quality Energy Use

Strathcona Industrial Area Alberta’s Industrial Heartland

Ft Saskatchewan

Scotford

Sherwood Park

Edmonton

Energy Mapping Feasibility Study

10 km

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Energy Storage as Enabling Clean Energy Technology

Two pronged approach for facilitating Energy Storage in Alberta:

1. Techno-Economic Analysis• Series of studies that advance the understanding of the

energy storage operation in the Alberta electricity market

2. Project Development and Support• Undertake activities to mature energy storage technology

propositions and work with project advocates to deploy an economically viable energy storage operation in Alberta

Optimizing Our Innovation Assets

Government  Strategic Investments

Focused IndustryInvestments

Initial Priorities

Discovery/Innovation

Long‐TermEarly Research

Mid/Short‐TermApplied Research

Short‐Term 

Market‐ReadyMarket Adoption

Industry‐wide Competitiveness

Manufacturing, Suppliers, SMEsTraining and Engagement

Colleges and Polytechnic Institutes

Technology Development

Provincial Labs and Facilities

Academic Institutions

New Business/Technology Adoption Services

Clean Energy

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Conclusion

Alberta’s clean energy opportunities are plentiful

Understand needs of different sectors

Focusing province’s resources on priority opportunities

Alignment of investments across the system –from early stage research through to commercializationIncluding building capacity in Alberta technical

colleges and universities

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5/30/2014

1

CLEAN ENERGYTECHNOLOGY DEVELOPMENT

Mayor Glenn McLean

Town of Drayton Valley

Town of Drayton Valley• Located 1 hour drive west

from Edmonton Int. Airport

• Major centre for oil and gas industry

• Very active forestry and agriculture industries

• Emerging tourism industry

• Trading Area 30,000+

• Population 7,000+

Edmonton

CalgaryBanff

Jasper Drayton Valley

ALBERTA

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Drayton Valley Advantage• Oil and gas industry• Forestry industry• Agricultural industry• Highly skilled workforce• Excellent transportation

links• Fibre optic infrastructure

being constructed• Supportive local

Government• Receptive community

CETC

• Clean Energy and Technology Centre (CETC) underway; a 30,000 sq ft. facility at the south end of Town that will house skills training, business development and research facilities conducive to the needs of industry and in partnership with NorQuest College

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Clean Energy and Technology Centre

Research and Development

Business Development

Applied Research Education and Training

The CETC is modeled having four interdependent quadrants working in synergy

Conclusion

Clean Energy and Technology Centre

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Thank You

Mayor Glenn McLean

Town of Drayton Valley

[email protected]

www.draytonvalley.ca

780-514-2200

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Drayton Valley Clean Energy and Technology Centre

•Education and Training•Applied Research

May 23, 2014

Clean Energy and Technology Centre

Research and Development Business Development

Applied Research Education and Training

The CETC is modeled having four interdependent quadrants working in synergy

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2

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Clean Energy & Technology CentrePower Engineering Boiler Training Lab and Shop

Applied Research Services

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Clean Energy & Technology Centre

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COSIA and Collaboration in the Oil Sands

Presented by: Mark Bohm, Suncor EnergyClean Energy Technology Development WorkshopDrayton Valley, ABMay 23, 2013

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Contents

What are the industry’s challenges?

About Canada’s oil sands

Environmental concerns

What is COSIA?

Why was COSIA formed?

Environmental Priority Areas (EPAs)

Examples of collaborative projects for each EPAs

How can Innovators Engage COSIA?

E‐Tap process

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Canada’s oil sands

Canada has the third largest oil reserves in the world.

173 billion barrels

168 billion barrels are oil sands

Oil sands are mixture of sand, water, clay and bitumen.

Bitumen is oil that is too thick to be pumped without changing it’s viscosity (by heat or other means)

The deposits lie beneath 142,000 km2 of boreal forest.

Less than 5% of Canada’s boreal forest.

3% of the oil sands area is minable. 

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Environmental concerns

Land

Oil sands mining requires a large amount of land.

Linear disturbances from roads, pipelines and seismic exploration can fragment habitat.

Water

Both in situ and mining operations are water intensive processes.

Drawing fresh water from rivers can affect their flow rates.

Tailings

Left to settle naturally, tailings can take up to 30 years to fully separate.

The size of tailings ponds affects the rate at which the mine footprint can be reclaimed.

Greenhouse Gases (GHG)

Energy needs to extract the bitumen, along with emissions from mine vehicles is more carbon intensive than other forms of oil production.

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Why was COSIA formed?

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Predecessors of COSIA

COSIA was developed to unify a number of different collaborative industry initiatives under one umbrella:

Canadian Oil Sands Network for Research and Development (CONRAD)

Oil Sands Leadership Initiative (OSLI)

Oil Sands Tailings Consortium

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Social license to operate 

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The result

“COSIA is an alliance of 13 oil sands producers, representing 90 per cent of production from the Canadian oil sands, who 

are innovating, collaborating and driving accelerated environmental performance improvement.”

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COSIA’s Vision

“Our Vision is to enable responsible and sustainable development of Canada’s Oil Sands as a global energy source while delivering accelerated improvement in environmental performance through collaborative action and innovation.”

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Innovation 

COSIA members are removing obstacles to improved environmental performance.

Sharing operating best practices that result in improved environmental performance.

Using existing environmental technologies in new ways.

Sharing research results and project outcomes.

COSIA companies have shared more than 560 environmental technologies worth over $900 million.

Over 185 JIPs worth 500 million are now underway. 

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Collaboration 

Member Companies

Member companies continue to incorporate COSIA into their day to day operations.

Associate Membership Program

Bringing organisations that share COSIA’s vision to bring ideas, knowledge, experience and perspectives to bear.

General Electric Partnership

$20 Million investment pledge to undertake joint environmental technology projects.

Wider engagement

Engaging with a diverse group to gain new ideas and perspectives.

Environmental Technology Assessment Portal (E‐TAP)

An online submission platform that allows individuals, organizations and companies to submit their innovations and ideas to COSIA.

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Environmental Priority Areas

Part 5

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Greenhouse Gas EPA

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Greenhouse Gas EPA ‐ Summary

Focus

Reducing GHG emissions across the oil sands industry by improving the energy efficiency of operations, developing new technologies to capture CO2, producing alternative energy and recovering waste heat for reuse.

Aspiration

We will strive to produce our oil with lower greenhouse gas emissions than other sources of oil.

Case study projects

Algae carbon conversion project

Gas turbine once through steam generation

Organic rankine cycle

Vacuum insulated tubing

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Gas‐Turbine Once Through Steam Generator

Expected Outcome

Reduces operators’ reliance on electricity from the Alberta power grid which may result in a net reduction in carbon intensity per‐barrel of product.

Participants

ConocoPhillips Canada with Total E&P

Description

A fit‐for‐purpose co‐generation technology that produces electricity at the same time as producing steam.

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Organic Rankine Cycle

Description 

Using low‐grade waste heat from the SAGD bitumen recovery processes to generate clean electricity and reduce GHG emissions.

Expected Outcome

GHG emissions savings of 4,000 tonnes per year from Devon’s Jackfish facility.

Participants

Devon has contributed this technology to COSIA and its member companies. 

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Vacuum Insulated Tubing

Description

A tube is placed inside a larger pipe and the air between them is removed, preventing heat from traveling out of the pipe and into the well. 

Expected Outcome

Reduces the amount of steam needed to produce the same amount of product, which means proportionately less natural gas needed to 

make steam.

Participants

ConocoPhillips Canada and Total E&P Canada. 

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Land EPA

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Land EPA ‐ Summary

Focus

Conducting studies to understand the impact of oil sands development on ecosystems and developing actives and best practices that avoid, minimize or mitigate the effects of oil sands activities on forests, wetlands, lakes and streams.

Aspiration:

We will strive to be world leaders in land management, restoring the land we disturb and preserving biodiversity of plants and animals.

Case study projects

Caribou habitat restoration

The oil sands vegetation cooperative

Topsoil restoration

Alberta biodiversity conservation chairs

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Caribou Habitat Restoration

Description

Restoring historic linear disturbances using several reclamation techniques.

Expected Outcome

Improved woodland caribou habitat quality and herd survival.

Participants

Algar: ConocoPhillips Canada, Nexen Inc., Shell Canada, Statoil Canada, Suncor Energy Inc. and Total E&P Canada.  

LiDea: Cenovus

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The Oil Sands Vegetation Cooperative

Description

Collecting and banking seeds for reclamation.

Expected Outcome

Ensuring a large number of species and variations within these species are available for reclamation.

Participants

Canadian Natural, Imperial Oil, Shell Canada, Suncor, Syncrudeand Total E&P Canada, with Smoky Lake Forest Nursery and Chickadee Farms. 

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Topsoil Restoration

Expected Outcome

Speeding up reclamation of disturbed lands.

Participants

This topsoil conversion project is a contributed technology from Imperial Oil to COSIA companies. 

Description

Treating nutrient lean subsoil with humiliate to turn into nutrient rich topsoil in five years rather than the hundreds of years it would take to do so naturally.

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Alberta Biodiversity Conservation Chairs 

Description

Speeding research and development of biodiversity science.

Expected Outcome

Avoid or minimize impacts across the boreal forest and restore ecological health.

Participants

COSIA’s Land EPA is working directly with Alberta Innovates Bio Solutions, Energy and Environment Solutions, the University of Alberta and the Natural Sciences and Engineering Research Council of Canada.

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Water EPA

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Water EPA ‐ Summary

Focus

Developing new technologies and best practices for recycling, treatment and management of water in the oil sands to improve the quality and quantity of watersheds near industry.

Aspiration:

We will strive to be world leaders in water management, producing Canadian energy with no adverse impact on water.

Case study projects

Direct contact steam generation

Regional water management initiative

Boiler blowdown reduction technologies

Demonstration pit lakes

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Direct Contact Steam Generation

Description

A direct combustion process to generate a flue gas stream containing both steam and carbon dioxide (CO2). 

Expected Outcome

Reduces GHG emissions by sequestering CO2 in the SAGD 

Participants

Suncor, Shell Canada, Devon, Canadian Natural, and Statoil.

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Regional Water Management Initiative 

Description

Coordinating water and waste water management by viewing water resources in the oil sands area as a single system.

Expected Outcome

Reduce the amount of water needed from the environment by increasing the re‐use of process water

Participants

Suncor, with Canadian Natural, Imperial Oil, Shell Canada, Syncrude, Teck Resources, Total E&P Canada, Nexen, Devon, BP, Cenovus and MEG Energy.

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Boiler Blowdown Reduction Technologies

Expected Outcome

Increases the amount of steam produced from the same volume of water while reducing the amount of waste.

Participants

Imperial Oil and BP Canada Energy Group, with Canadian Natural, ConocoPhillips Canada, Devon, Nexen Energy, Statoil Canada and Suncor.

Description

Reconfiguring boilers to reduce waste water (blowdown) when producing steam for in situ production. 

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Demonstration Pit Lakes

Description

A demonstration project to provide greater understanding of pit lake characteristics that can be used as a treatment systems for the reclamation water and for the potential disposal of fluid fine tailings.

Expected Outcome

The project will provide valuable information to operators to help them in the creation of hydrologically and ecologically sustainable lakes for reclamation.

Participants

All seven of COSIA’s companies with mining operations.

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Tailings EPA

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Tailings EPA ‐ Summary

Focus

Developing new and existing technologies and best practices to manage the volume of tailings materials and reduce the number of tailings ponds needed to support the industry.

Aspiration:

We will strive to transform tailings from waste into a resource the speeds land and water reclamation.

Case study projects

Cross flow filtration

Tailings centrifuge

Filter press project

Tailings reduction technology

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Tailings EPA Aspiration

We will strive to…

‘Transform tailings from waste into a 

resource that speeds land and water reclamation.’

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What this means and what it doesn’t

This means we will:

Continue to aggressively develop new and improved tailings treatment technologies.

Use water‐capped tailings deposits to manage a portion of fluid fine tailings.

Treat and transform legacy tailings to reclamation‐ready deposits that support vegetation and biodiversity needs.

This does not mean:

We will eliminate tailings ponds completely or reclaim tailings deposits immediately after treatment.

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Cross Flow Filtration of Tailings

Description

The tailings stream is pumped through a porous pipe, dewatering the tailings before they are deposited into the tailings ponds.

Expected Outcome

Increase the amount of water available for recycling and reduce the need for tailings ponds.

Participants

All of COSIA’s Tailings EPA Member companies are involved in this project as well as both provincial and federal governments. 

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Tailings Centrifuge

Description

Centrifugal force cause tailing to separate from the water and bind together. 

Expected Outcome

Speeding the pace of reclamation.

Participants

Syncrude contributed the centrifuge technology, which means it is available to all Tailings EPA members.  Shell Canada has been the first to pick up the technology.

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Filter Press Project

Expected Outcome

The residual clay fines cakes can be used in reclamation.

Participants

Shell Canada and Teck Resources, in partnership with Ledcor Nalco Services.

Description

Mature Fine Tailings are chemically treated to prevent them from clogging a filter. Metal plates are then used to push the mature fines through a filter, releasing the water from the mixture. 

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Tailings Reduction Technology

Description

A flocculent is added to fluid fine tailings. The flocculent causes the fluid fines particles to bind together, releasing the water.

Expected Outcome

Reduce the time it takes to reclaim tailings ponds and eliminate the need for tailings ponds.

Participants

Suncor with Shell.

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How Innovators can Collaborate with COSIA

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Engaging COSIA Environmental Technology Assessment Portal  (E‐TAP)

The EPAs are seeking technologies that can help accelerate the environmental performance improvement of the Canadian Oil Sands.

The objective is to identify and assess potential solutions to our current and future technology gaps and opportunities.

Technology that fits within the current scope of activities for each of the EPAs can be submitted for assessment , through a online non‐confidential Disclosure.

Engaging companies directly

Company reps are working on a range of technologies with partners

Stay tuned as COSIA will be communicating priority areas and specific challenges over the coming months.

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Thank you!

Mark Bohm

Manager, In‐situ Technology 

Suncor Energy

[email protected]

(403) 296‐6365

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New pathwaysto reduceindustrialgreenhouse gas emissions.

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THE LOW CARBON FUTURE IS COMING. WHO WILL PROVIDE THE SOLUTIONS?

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WE’RE ALL IN THIS TOGETHERAtmospheric carbon is a global challenge. Climate consequences will affect everyone.As priority escalates world-wide, industrial emissions intensity will be decisive for access and competition in the market.

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Section 2.0

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Section 2.0

44 RESEARCH PROJECTS

= $22M

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Section 2.0

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Section 2.0

“If you want to go fast, go alone. If you want to go far, go together.”

Working together, CMC will bring global capacity to help our clients go fast AND far.

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Section 2.0

Ideas to Impact

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Outline

• Opportunities for Alberta in a deeply decarbonized world

• Commercialization challenge:  How to encourage GHG reduction innovations

– Economic drivers for carbon reductions

– Commercial benefits from adjacent markets (until the world is ready)

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Deep Decarbonization Pathways Project

• 15 countries – 90% of world GDP – 75% of GHG emissions

• Imagine prosperous, low carbon 2050:– On track for 2DS (450 ppm CO2)– Triple global economy (3% annual growth)

• Bottom‐up narratives & models– What investment would it take?– What might it look like?

• New markets / new challenges

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Insights on Deep Decarbonization 

Historical GHG Forecasts 

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600

650

700

750

800

850

900

950

1000

1050

2005 2011 2015 2020 2030

MT CO2e

Canadian BAU GHG Forecasts, 2007 ‐ 2014

NEB, 2007

NRTEE, 2007

NRTEE, 2009

ENCan UNFCCC BRI 2014 (withmeasures)

NRTEE, 2012 (BAU)

NRTEE, 2012 (with measures)

Copenhagen Target ‐17% below 2005

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Insights on Deep Decarbonization 

Oil and gas growth assumptions drive emissions growth

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DEEP DECARBONIZATION CHALLENGE

How do we position ourselves to thrive in a low carbon future?

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Economic Levers

• Direct regulation– Unintended consequences

– Market distortions ‐ assumes solutions exist today ‐just need to implement

• Market access/ social license– Irrational responses to legitimate concerns

– Subject to distortion by political agendas

• Cap and trade– Emissions impact certain / economics uncertain

– Administratively challenging

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Economic Levers

• Carbon tax– Economics certain / emissions impact uncertain– Changes end‐user behaviour– Administratively efficient

• Emissions intensity levy– Economics certain / emissions impact uncertain– Potential to impact marginal emissions heavily without damaging economy

– Changes industry behaviour– Supports required innovation – develops new solutions

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In a low carbon future

• Combination of levers is likely

• Implicit or explicit price on imbedded carbon in international trade

• Low carbon intensity equals competitive advantage

– Fossil + CCS = lower intensity

– Fossil + refining/processing + CCS = still lower intensity

– Biomass + CCS = efficient direct air capture

– Biomass  long term use ~ direct capture

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Bio‐economy contributions

• Bio‐fuels/products + CCS: potentially carbon negative

• Manufacture of long‐life (100 year+) products from bio sources: reduced carbon availability

• Displacement of fossil products with bio‐products: reduced new carbon in the cycle

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Where will innovation “take”?

• Leverage existing industry:

– Skills/know‐how

• Research capacity – local + global

• Skills & experience ‐ local

– Investors

• Fund what they know

– Domestic markets

• Understand domestic needs then international markets

• Plan for both

19

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THE LOW CARBON FUTURE STARTS NOW.We envision a global collaborative network leading in the development of solutions to industrial GHG emissions.

We anticipate an energy sector known for its innovative low-carbon technologies.

We foresee low net carbon footprint products welcomed in a carbon constrained world.

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CO2LLABORATION

Contact:     Richard Adamson, PEng MScManaging [email protected]

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1

Clean Energy TechCommercialization Pathways

Panel Presentation

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Opportunities: 

Relationship with customers

Catalyze innovation

Find and adapt

Continuous improvement vs breakthroughs

Where we are headed (my view)

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Vendor  Strategic Ally

Price

Safety

Build on relationship

Triple Bottom Line Considerations

• Monitoring, reporting, employment, good neighbors

Product Improvement

Just‐in Time Fabrication and Delivery

• Big Industry vs Local Responsive Industry

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Where Good Ideas Come From

• Hunch + Hunch  Idea Opportunity• DV Clean Energy Tech Centre and ACTIA  Renaissance Cafes, where hunches collide

• Steven Johnson• http://www.ted.com/talks/st

even_johnson_where_good_ideas_come_from

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Power of the Web  “No more economies of scale”

Local Manufacturing• Design Forge

• 3D Printers̶ Additive or extractive

See Localmotors.com

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Embrace and feed hackers

• Techshop.ws

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Crowd‐Sourcing: 

Technologies and IP

Markets for Tech / Challenges to Solve

Knowledge sharing

Ideagoras

marketplaces on www

• Yet2.com

• NineSigma.com

• Innocentive.com

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Continuous Improvements

• Computer  laptop

Breakthroughs & Disruptive Innovations

• Coal  Oil 

• British advantage in WW1

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Commodities  Niche products• Suncor’s Custom Upgrading

• Bio‐solvents and Value‐Adding Bio‐diluents

Lower GHG‐intensity from cradle  grave• Target “Brent crude”

• Stay ahead of GTL & CTL

• CCS and CO2 as feedstockLocal Manufacturing

Cradle‐to‐Cradle – Zero Waste

LT: 9 Billion Challenge

Bob Mitchell, May 23, 2014 [email protected]

9

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Clean Energy Financing

May 23, 2014

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2

Introduction

This presentation is confidential and propriety to ATB Corporate Financial Services and may not bedisclosed, reproduced, distributed or used for any other purpose by the recipient without our expresswritten consent.

The information and any analysis contained in this presentation are taken from, or based upon,information obtained from publicly available sources, the completeness and accuracy of which has notbeen independently verified, and cannot be assured by ATB Corporate Financial Services. Theinformation and any analyses in these materials reflects prevailing conditions and our views as of thisdate, all of which are subject to change.

To the extent projections and financial analyses are set forth herein, they may be based on estimatesand are intended only to suggest reasonable ranges of results. The printed presentation is incompletewithout reference to the oral presentation or other written materials that supplement it.

Disclaimer

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3

Introduction

Executive Summary

Discussion Topics:

I. Who is ATB Financial

II. Qualifications for Senior Debt

III. Types of Senior Debt Financing

IV. The Financing Lifecycle

V. Other Financing Considerations

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Who is ATB Financial?

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5

Who is ATB Financial?

• Established in 1938, ATB is a Crown Corporation wholly-owned by the Government of Alberta

• Independent Board of Directors

• $33.7 billion asset value, full-service financial institution headquartered in Edmonton, Alberta(1)

• Over 5,000 Team Members serving over 662,000 Albertans in 242 communities, through 171 branches

and 130 agencies

The oldest and single largest financial institution in Alberta

Snapshot of ATB

ATB’s Areas of Expertise

1. As of January 2014

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6

ATB Corporate Financial Services

• Recognized market leadership in the Energy, Real Estate, Commercial and Food & Forestry industries

• P3 and Project Finance expertise

• Over $8.9 billion of outstanding assets (approximately $18 billion authorized)(1)

$3

$4

$5

$6

$7

$8

$9

Q1 09 Q3 09 Q1 10 Q3 10 Q1 11 Q3 11 Q1 12 Q3 12 Q1 13 Q3 13

Bill

ions

5 YR CAGR 15%

ATB Corporate Financial Services’ Total Assets

We believe strong relationships distinguish the market leaders in financial services

Market Leadership

1. As of January 2013

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7

ATB Corporate Financial Services

• Over 49 borrowing clients for a combined authorized loan portfolio in excess of $1.6 billion

• Participate in over 33 syndicate facilities

Highly active team with authorized loans of over $1.6 billion to key industry players

Infrastructure & Utilities Team

• Growing focus on start up companies looking to embark on proprietary technologies and renewable energy sources

• Portfolio includes:º Pipeline and utilitiesº Midstream producersº Waste / environmental

services providersº Renewable companiesº Project financing loans

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Qualifications for Senior Debt

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9

Senior Debt

Qualifying for Senior Debt

• Accessing senior debt generally requires technology to have been successfully demonstrated.

• Senior debt is not rewarded for upside returns. With a fixed margin for capital provided, risk must be commensurate .

• Companies must try to avoid the following when preparing a business plan:

• Unrealistic expectations for qualification of senior debt in life cycle of entity.

• Unrealistic expectation for level of leverage. Leverage of 70-80% is only available for proven commercial technologies.

• Down-playing risks.

• Underestimating challenges related to executing on project budgets in Alberta’s economic environment (rampant cost overruns).

• The financial models we see are generally pretty good. Important to keep the following inmind:

• Ensure rigor around base assumptions.

• Banks can further sensitize as necessary if the models are appropriately designed.

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Senior Debt

The 5-C’s of Credit

• On a fundamental basis, Lenders are looking to satisfy the 5-C’s of Credit. Ensure your company can check these boxes:

1. Character - How strong is the management team?

2. Capacity – Is there cash flow available to repay the loan?

3. Capital – Is the company adequately capitalized? Is there further capital readily available(equity, sub-debt, etc. )?

4. Collateral – Senior debt requires a secondary source of repayment. It is tough to lendagainst intangible assets and/or assets with limited resale value.

5. Conditions – What covenants are applicable to monitor the health of the loan? Generallysenior debt does not permit dividends until the business is well established.

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Senior Debt

How to get lenders to listen

• Build solid long term banking relationships.

• Maintain open lines of communications and keep the lender fully informed.

• Maintain timely and accurate reporting.

• Present a realistic and achievable business plan with a fall back.

• If problems arise, examine viable solutions and present them pro-actively.

• Show evidence of management commitment, including material insider equity investment and preparedness to make further investment.

• Make realistic commitments to deadlines and milestone events – “Under Promise and Over Deliver”.

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Types of Senior Debt Financing

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Senior Debt

Project Financing

• Project financing is potentially available if there is no perceived technological risk.

• Project financing requires following risks to be addressed:

• Scalability concerns.

• Construction cost-overruns (requirement for high fixed price percentage for project build).

• Counterparty risk.

• Certainty of demand (generally contract for output to cover at least debt servicing requirements).

• Comfort around variability of input costs (generally long investment horizon depending on amortization period applied).

• Key analysis includes:

• Sensitizing projected cash flow.

• Determination of acceptable amortization period.

• Satisfying acceptable debt service coverage test.

• Establishing appropriate maintenance reserves and/or debt servicing reserves.

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14

Senior Debt

Standard Lending Parameters

• Standard senior debt lending parameters may apply if the company has demonstrated cash flow history.

• Typical lending parameters include:

• Margined revolver for working capital. Typical margining may include ~75% of eligible accounts receivables and ~50% of inventory (very dependent on circumstances).

• Term loan for equipment and buildings. Term loan is generally sized around debt to cash flow that is typical for the industry.

• Lenders like to see history of stable cash flow and margins.

• Long term contracts with strong counterparties are ideal for senior debt:

• Amortization period may be extendible to just less than the length of the contract.

• Lender to maintain step-in rights.

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The Financing Lifecycle

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Financing Solutions

Alternative Forms of Financing

• Senior debt is not the only capital solution. There are many other forms of financing for new businesses:

• Venture and angel capital.

• Equity (ie – private equity, friends and family, common and/or preferred shares).

• Subordinated and/or convertible debt.

• Joint ventures.

• On-balance sheet financing by entities with access to resources (ie - R&D budgets or internal financing dedicated to projects) .

• Important for companies to understand the progression of capital sources available, and to determine which capital solutions are realistic.

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Financing lifecycle

Financing Lifecycle

As a company evolves it has access to larger and deeper debt solutions

Firm Size

Very small firms, possibly with no collateral and nono track record

Small firms, possibly with high growth potential but often with limited track record

Large firms of known risk and track record

Medium-sized firms. Some track record. Collateral available, if necessary

Firm AgeInformation Availability

Insider Finance / Venture Capital Private Equity Public Equity

Trade Credit

Commercial Paper

Short-term Financial Institution Loans

Syndicated Loans

Mezzanine Fund Financing

Public Debt

Private Placements

Equipment Finance Project Finance

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The Other Financing Considerations

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19

Financing Considerations

Other financing considerations

• Understand the motivations of the capital provider:

• Equity investors are looking for investment returns, payback period, growth, etc.

• Senior debt is not rewarded for upside returns. Mitigating risk is the #1 priority for senior lenders.

• Consider mitigating external risks (ie – interest rate, F/X, commodity prices, etc.) to concentrate on the core business. ATB’s Financial Markets Team can develop hedging strategies.

• Cannot overemphasize the importance of management!

• Management quality has proven to be the primary factor that will determine whether a business will flourish or fail.

• A weak management team with no experience is often a non-starter for capital providers (especially senior debt ).

• Ensure your management team is well rounded. Often we see teams that are technically strong, but are missing a few “key” pieces.

• A strong board can help offset a weaker management team.

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20

Understand lender motivations

Leaders Don’t Flinch

When the going gets tough, the tough stay put. Through the credit crunch, depressed commodity prices and global economic turmoil, we’ve done just

that. We never left the side of the people who’ve made Alberta an economic powerhouse, and we continue to custom build solutions to help them do what

they do best…lead. Because Alberta means the world to us.

• During the financial crisis ATB:

º Experienced a surge in liquidity as a result of the flight to quality and our AAA rating

º Redeployed this liquidity for the benefit of existing and new clients (overall loan growth in excess of

40%)

Loan Growth During Financial Crisis

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Thank You

Bruce Edgelow

Vice President, Energy Group

ATB Corporate Financial Services

Phone: (403) 974 – 5736

E-mail: [email protected]

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Downhole Oil/Water Separation

Bruce Peachey, FEIC, FCIC, P.Eng. New Paradigm Engineering Ltd.

Drayton Valley, AlbertaMay 23rd, 2014

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Topics to Cover

What is Downhole Oil/Water Separation?

Experience to Date and Applications

Benefits for Producers

Benefits for Sustainability

Is it a Success Story?

New Opportunities Open

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Oil to Surface

Water to Injection

Producing Zone

Injection Zone

DHOWS Separator & Pump(s)

Basic DHOWS Concept

1. Two zones: i. Producing zoneii. Injection zone

2. Energy source to produce and inject (pump(s))

• Artificial lift or reservoir

3. Downhole oil/water separator

4. Isolation in wellbore and in reservoir

• Packer• Lithology/relative perm

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Hydrocyclones (De-Oilers)

Tangential Inlet

Disposal Water Outlet

OilConcentrate

Outlet

•Oil gravity is not a major factor in separation•Orientation does not matter•Capacity ~300 m3/d (1800 bfpd/liner)•Increase capacity by stacking liners connected in parallel. May not be needed in many wells.

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Prototype ESP-DHOWS Trial Redwater Field Canada – 1994

1

10

100

1000

Dec-93 Mar-94 Jul-94 Oct-94 Jan-95 May-95 Aug-95 Nov-95Date

SurfaceWaterRate

(m 3/d)

OilRate

(m 3/d)

WOR

Oil Rate

WOR

WaterRate

INS

TA

LL

ED

DH

OW

S

PU

LL

ED

DH

OW

S

1800 BWPD

18 BOPD

WC = 99+%

50 BWPD

30 BOPD

WC = 60%

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“DHOWS” Heavy Oil PCP Installation

1

10

100

Jun 95 Aug 95 Oct 95 Dec 95 Feb 96 Apr 96 Jun 96 Aug 96 Oct 96 Dec 96

Date

Oil

Rate

(m3/d)

Surface

W OR

CO

MP

LE

TE

D I

NJ

EC

TIO

N Z

ON

E

INS

TA

LL

ED

DH

OW

S

Surface W OR

Oil Rate

C-FER/NPEL

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What Have We Learned about DHOWS Applications? The key (economic) success factors:

• Potential for Increased Oil» Oil Rate - To enhance economics » All increased; on average +80% (30 bopd)

» Oil Recovery - Savings due to decreased water to surface allow wells to be produced longer

» All decreased; on average -81% (1600 bwpd)

• Long Term, Stable Injectivity» To allow system to work as planned

• Long system Run-Life» At least close to standard pumps

C-FER/NPEL

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Extending Economic Recovery

1

10

100

233 249 260 284 301 312 322 329 334 339 343 347 352 356

Cum Oil (Thousand m3)

WO

R

+29% at WOR = 10+42 to ??%With DHOWS?

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Overall Profitability for a Sample Well

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

Base Water Costs @ 25%of Base

Water Costs @ 10%of Base

Th

ou

san

ds

of

Dolla

rs

Profit, Fixed Costs, Taxes etc.Water HandlingRoyaltiesDevelopment CostsFinding Costs

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Benefits for Sustainability

Extend life of existing well infrastructure reduce new well drilling worldwide

Increase recovery from known pools currently only 27% recovery on average

Lower saline water volumes to surface or by fresh water aquifers

Less energy pumping water to surface and then reinjecting it!!!!!

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Water Handling = Coal Power

Oil and gas industry purchases 21 TWhr/yr(NRCan 2006 Energy Outlook)

• Estimated 20-25% of Alberta’s base-load coal power sales;

• Estimated 10-15% in Sask

• Power can be 40-50% of annual operating costs

• Reduced power = Lower GHG and other emissions; lower fresh water use

Main Uses of the Power• Pumping oil and water to surface

• Pumping produced water back into the ground for disposal

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Oil Companies are Really Water Companies

Alberta Water Production

0

50

100

150

200

250

1972 1976 1980 1984 1988 1992 1996 2000

Oil

and

Wat

er P

rod

uct

ion

(m

illio

n m

3/yr

)

0.0

2.0

4.0

6.0

8.0

10.0

12.0

WO

R (

m3/

m3)

WaterOilWOR

Source -Water Use for Injection Purposes - Geowa March 2003(Excludes thermal and oil sands volumes)

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Disposal Power Consumption

0

50

100

150

200

250

300

350

400

450

0 3 6 9 12 15 18 21 24 27 30 33 36

Injection Rate (Thousands of bwpd)

Diff

eren

tial P

ress

ure

to In

ject

(psi

)

Power for Single Disposal Well@ 36,000 bwpd

Power for 5 Disposal Wells@ 7,200 bwpd each

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Is it a Success Story Partial Success

• Almost everyone involved with installations has made some money!

• Many see the value in the technology

New Opportunities Open• Inhibiting patents and contracts have expired

• Anyone with the ability to supply pumping systems can use the ideas

• There are many applications for mature oil fields operated by even small companies

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Gravity Separation (Hydrocyclone not needed)

ESPBeamPCPFlowing WellsGas LiftJet Pumps

Oil Concentrate Pump

Water Pump

Producing Zone(s)

Disposal Zone(s)

C-FER/NPEL

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Oilfield Water Management Vision

LakeorRiverOutlet

Cap rockOil Leg

Water LegCap rock

Underlying Aquifer

DHOWS

Move toward“Ideal”

Just Produce

Oil

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Contact Information

New Paradigm Engineering Ltd.10444 - 20 Avenue NWEdmonton, AlbertaCanada T6J 5A2

tel: 780.448-9195email: [email protected]

web: www.newparadigm.ab.ca

Acknowledgements

C-FER Technologies IncParticipants in the Original DHOWS Development Schlumberger/REDA; Baker-Hughes/Centrilift Weatherford – PCPQuinn Pumps - Beam

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Game-Changing Technology

for Oil Water Separation.

The RJOS High Efficiency Oil Water Separation System

May 2014

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• Operating in Acheson, Alberta since 1998.

• Our objective is to develop innovative, cost-effective and environmentally sustainable technology based solutions.

RJ Oil Sands Inc

With our focus on green engineering and green chemistry values, our team of professionalshave developed game changing solutions for enhanced oil recovery from waste streams in theoil and gas industry. This focus led to the development of the RJOS High Efficiency Oil WaterSeparation System.

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RJOS Technology

Our High Efficiency Oil/Water Separation Technology:

• Does not require heat or chemicals and will process at normal plantconditions.

• Does not rely on the differential in density between oil and water toeffect separation in oily water or slurry streams.

• Is fully automated and self adjusting to receive varying oil/water flowsand oil surges which means the system will not upset on changing oilcontent in the feed.

At the heart of the RJOS High Efficiency Oil Water Separation System is thepatented Phase Separation Device. The device utilizes entrained anddissolved gas effectively separate oil and oil wet solids from process water.

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To see an animated demonstration of the RJOS High Efficiency Oil Water Separation system demonstration go to www.rjoilsands.comand click on the Technology Tab.

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• Research Oil/Water Separation & Treatment

• MFT/Middlings Research

• Drill Cuttings Research

• Drill Cuttings Research

Research & Development Timeline

• Bench Scale Tests at Acheson

• Bench Scale Tests at Acheson

• Design/Build of Shop Floor Unit

• Design/Build of Mid Scale Unit

• Design/Build of RJOS Pilot Unit 1• Research - client

site tests

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• 3 month Pilot of High Pressure/High Temp at SAGD site.

• Design/Build of 1st RJOS Commercial Unit

• Design/Build of 1st RJOS Commercial Unit

Research & Development Timeline

• Design/Build of RJOS 2nd

Commercial Unit

• SAGD Research -client site tests

• Research –upgrader client site tests

• Design/Build of High Pressure High Temperature Unit

• Design/Build of High Pressure High Temperature Unit

• Design of RJOS 3rd & 4th

Commercial Units

• Research – slop oil treatment

• Research – heavy oil client site tests

• Design/Build of Twin Cell Mobile Unit

• Design/Build of Twin Cell Mobile Unit

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RJOS Commercial Units

In August 2011, RJ Oil Sands and ourmanufacturing company EBBCOIndustrial Services designed, fabricatedand commissioned the 1st RJOScommercial oil water separation unitwith 300 m3 per hour flow throughcapacity.

In 2013 RJOS designed and built the2nd commercial oil water separationunit with 400 m3 per hour flowthrough capacity. This unit isinstalled at a SAGD facility and isdue to be commissioned in late2014.

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High Pressure De-Oiling of SAGD Produced Water

RJOS reconfigured the design of the initial pilot unit into a high pressure, high temperature pilot skid thatwould allow de-oiling of produced water without reducing the temperature. The anticipated benefit tothe SAGD industry as a result of the high temperature RJOS system would include reduced capital andoperating costs, increased reliability, increased oil recovery and a substantial reduction in energyconsumption. The 3 month on site test has just wrapped up and reports will be out later this year.

RJ Oil Sands in partnership with Alberta Innovates- Energy & Environment Solutions (AIEES), PengrowthEnergy and Laricina Energy in partnership

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RJOS Technology Applications

Convention Oil - Oil/Water Processing Applications:

• ASP Chemical Flood - Oil Water separation to facilitate water disposal, water recovery or reuse

• In-situ Heavy Oil Batteries - Oil/brine water separation to facilitate deep well brine injection

• Third Party Disposal Well - Recovery of oil from produced water for deep well injection.

• Enhanced Oil Recovery - Any enhanced oil recovery project - Higher percentage of oil can be sent to treatment resulting in increased sales oil production.

SAGD - Oil/Water Processing Applications:

• Highly efficient deoiling of process water for boiler or evaporator feed

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RJOS Technology Applications

Oil Sands- Oil/Water Processing Applications:

The RJOS High Efficiency Oil Separation system has been shown to recover bitumen in :

• Middlings - Oil/water separation to facilitate bitumen recovery water recovery for reuse.

• Recycle Froth - Enhanced solids removal from raw froth to achieve higher quality bitumen.

Thin Fine Tails - Bitumen recovery from thin fine tails before deposit into tailings ponds.

MFT - MFT processing for bitumen recovery, water recovery for reuse and clean solids for reclamation.

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For more information on RJ Oil Sands Inc Oil Water

Separation Technology

Contact:

Wade BozakVice President

OR Matt CampbellSales Manager

At 780-960-1223

Or View our Website at

www.rjoilsands.com

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Clean Energy Technology Developmentfor Oil & Gas Industry

May 2014

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Presented by: Dan Seto, President & CEO

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What we do CircuitMeter has developed an affordable networked hardware/software

platform which can monitor every electrical circuit across the customers global operation to provide continuous metering and historical analytics.

Milestones Founded: 2009 Investors: MaRS Cleantech Fund Product: Manufactured in Canada Approvals: UL, CSA and CE Certified Launched: September 2013 Customers: Major Accounts (include Walmart, Pepsi, Tridel, Dalkia) Geography: Canada, USA, UK, Ireland, Georgia, Thailand IP: Patent pending technology Awards: ECR Award (2013), EcoLiving Award (2013)

CircuitMeter Overview

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3Φ Voltage $50 per circuit

Circuit Level MeteringReal-time / Historical DataEnterprise / portfolio-wide

Easy InstallationUser Interface for all staffIntuitive and simple reporting

✔✔✔

✔✔✔

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Installs – Direct and VARs

Installs Value Added Resellers

IndustrialApplications

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Third Party DashBoard & Systems(via Application Programmers Interface)

Granular Data Provided thru Big Data

API

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Installation on Electrical Panel

JBoxes

Voltage Sensor

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Metering a Motor Control System

Web Meter

Voltage Sensor

JBoxes

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Enterprise Head Office Portfolio Wide

Geography By Region By Building

Building Sections Section Types Tenant

Equipment Type ID

Electrical System Panel Breaker Phases

Continuous Real-Time Analysis

(Every 10 Seconds)

Multi-Level Info. + Real Time Information

+Energy DataConsumptionReal PowerAmperageVoltsPower FactorReactive PowerApparent PowerOutside Temperature & Humidity

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Filter by: Data: Energy Consumption Group: Equipment ID x Hour Date: Specific Date (yesterday) Time: 12 hour shift Location: Single Building Equipment Production Line 1

Equipment “Production Line” View

Application: Industrial Market

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Equipment “Production Line” Report

Machine#1

Machine#2

Machine#3

Machine#4

Machine#5

Machine#6

Machine#7

Machine#8

Machine#9

Machine#10

Machine#11

Machine#12

Hourly

Energy Consumption by Production Line on Hourly Basis

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Filter by:Data: Energy ConsumptionView: 4 BuildingsGroup: Days of the WeekDate: Year to Date

Harnessing Performance – “What If Scenarios”

16M Data PointsIn less than 2 seconds

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Powerful Real-time Notifications

Alert

Application: All Markets

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Real-time Notifications: Examples

Establish a maintenance alert with a motor operates for greater then X hours OR if the motor exceed normal operating AMPs

Identify an HVAC unit that is operating greater than X% compared to all other HVAC units operating at the same time.

Repeating alert if the compressor on a freezer has not turned over a period of time

By combining the circuits of underground exhaust fans with the garage door opening/closing, send an alert when the exhaust fans are not working

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Four Ways This Technology Excels

SUB-METERING

OPERATIONS AND ANALYTICS

MEASUREMENT & VERIFICATION

CORPORATE COMMUNICATION

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CircuitMeter – Applications Examples

Building Owners and Managers

Building Owners and Managers

Operations and Analytics

Corporate Sustainability

Service CompaniesService Companies Measurement and Verification

Preventative Maintenance

Sub-metering Facilities

Sub-metering Facilities Energy Analysis Identify Energy

Patterns

Equipment Providers

Equipment Providers

Electricity Savings

Validate Performance

Industrial FacilitiesIndustrial Facilities Monitoring and Diagnostics

GHG Emission Reductions

BAS/Dashboard Providers

BAS/Dashboard Providers

Increased Data Granularity

Higher Value Services

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Cost Advantage

Industrial Facility 1,000,000 sq. ft

Motors / Production Lines(3 Phase, 200A – 400A)

64 (192 circuits)

Annual Energy Cost $3,500,000

OtherSub-Meters

CircuitMeter

Number of Meters 64 6

Total Equipment Cost $192,000 $50,000

Software / Service Cost $80-100K $2K /Yr

Consulting / Personal Cost $$$$ $

Application: Industrial75% Savings on Metering Equipment Costs & Service

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Progress Summary

Patent Pending Technology

UL, CSA and CE approved

Installs in major accounts

Financed by MaRS Venture

Capital Fund

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Opportunities

Upstream O&G Pilot Site

Government of Alberta for sub-metering

demonstrations

Expanding the CircuitMonitoring Platform for

fluids monitoring

Other…

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Dan Seto, President & CEOTel: 888-350-1790 X.101Email: [email protected]

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May 2014

TSX‐V: SYD

Transforming a Canadian Space Invention Into a Cleantech Business

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2

MOPITT Instrument

• Canadian Space Agency & University of Toronto

• NASA satellite Terra launched in 1999• >$40 million to develop

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MOPITT Instrument

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MOPITT Instrument

May – Aug 2000 CO distribution

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The Idea in 1998

If MOPITT can detect methane from earth orbit, it should be possible to do it from a helicopter close to the ground.

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realSens Equipment

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realSens Equipment

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realSens Equipment

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Our Mission

Provide Asset Condition Intelligence to Pipeline Operators  in order to:• Minimize Corporate Liabilities

• Improve Operating Results

• Minimize Environmental Impacts

• Improve Safety

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• Provide annually recurring services worldwide for:

• Gas and oil leak detection

• RoW Intelligence

How is this done?

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realSensTM Passive Remote Sensing Solution

Patented GFCR detecting ethane (C2H6) or methane (CH4) in mid‐IR

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Why Do We Do It?

• Aging pipeline infrastructure

• Pipelines leak, contribute GHG emissions

• Oil leaks are damaging the environment

• Gas leaks can be catastrophic

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Example of Gas Emission Plume

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Example of Existing Customers

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Keyera

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Contact

Synodon Inc.6916 Roper Road

Edmonton, AB, T6B 3H9

Tel: 780.468.9568

www.synodon.com

Adrian [email protected] 

Tel: 780.468.9568 x32