Resolute Marine Energy Clean Water From Ocean Waves

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MRIA Ocean Energy Industry Forum February 2015

Winner West African Forum for Clean Energy Financing Competition (WAFCEF) 2013

Engineer of the Year “Sustainable development”, Usine Nouvelle 2012

Global Hot 100 Award, World Summit on Innovation and Entrepreneurship 2012

Winner, MassChallenge 2011

Runner up, Global Ideas Competitions 2011

Winner, Startup Open (Global Entrepreneurship Week) 2010

World Top 100 Marine Technology Company 2009 & 2010

Resolute Marine Limited Clean Water From Ocean Waves

Contacts:

William Staby, CEO and co-founder Olivier Ceberio, COO and co-founder

(917) 626-6790 (617) 281-8253

wstaby@resolutemarine.com oceberio@resolutemarine.com

Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary

The World Water Crisis is widespread but traditional desalination

technologies are out of reach

• Worldwide, over 1.1B people lack access to adequate supplies of clean water (i.e. meet UN-mandated minimum requirements)

• Over 2.5 million people die every year as a direct result

• Seawater desalination is an IDEAL solution (70% of earth’s surface is oceans) but is an extremely energy intensive process

• Utility-scale desalination projects require large, investments in electrical generating & transmission infrastructure which makes them unaffordable to RME target customers

• The only alternative solution, diesel-driven desalination systems, are expensive and environmentally unsound

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Fortunately, 40% of the most severely affected people in the world live in coastal areas with

access to unlimited “free” energy from ocean waves

Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary

RME solution: the world’s first wave-powered desalination system (Wave2O

TM) that requires NO ELECTRICITY to operate

Modular

Quick and easy to

install and maintain

Efficient

No electricity used

in water production

Clean

No greenhouse gas

emissions

Hybrid

Can produce both

water and power

Off-grid

Can be deployed

in remote locations

Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary

RME focus: Medium-scale (4,000 m3/day) wave driven desalination

systems for off-grid communities & regions in developing countries

Low cost water

$1.30/m3 (bef. RME

& investor profits)

Impactful

Provides water for

48,000 people

Attractive returns

Equity IRR 24% in

launch market

Rapid relief

Installs in a few

weeks

Low capital cost

$25M total cost

$8M gross margin

Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary

In Cape Verde, the 1st Wave2OTM system can be immediately competitive and is

3x less costly than the primary alternative, diesel-driven desalination systems

1.30

0.50

1.70

3.50

4.42

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.00

Capital,

O&M

EPC's

margins

SPV's

margins

Water

Purchase

Price

Average

cost of

water

LCO

W, $

/m3

Project finance

indicators

(no incentives)

CAPEX

$25M

OPEX

$1.1M/year

$1.8M/year first year

dividend

3.4x

“We have evaluated RME’s integrated desalination solution. Because the system runs on free energy from

ocean waves, it is a perfect fit for our immediate needs. We are eager to help develop a pilot and conduct,

with our local partners, the feasibility studies necessary for it. We would definitely place an order if the pilot

proves successful. The need is critical and RME’s economics and localized approach are very compelling.”

Alexandre Fontes, CEO, ELECTRA (Cape Verde power and water utility)

IRR 24%

Minimum DSCR > 2

30% Equity 70% Debt

Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary

Our addressable market exceeds $10B/year in potential revenue. RME has

commenced commercial project planning & financing in Cape Verde

Addressable market

$B/year

$2B/y

$1B/y

$0.5B/y

$0.2B/y

South Africa

- 4 District Municipalities

- Partnerships secured

Cape Verde/ECOWAS

- 1 pilot confirmed

- Partnerships secured

Yakutat, AK

- Project underway

(rural electricity)

Camp Rilea, OR

- Project in planning

(electricity/water)

RME offices

Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary

We are preparing for our first commercial demonstration in Cape Verde

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Q1 2013

Full-scale ocean

trial

Q1 2016

Spiddal

integrated test

Q4 2016

Commercial pilot

in Cape Verde

Q4 2017

1st Commercial

plant deployed

Q2 2011 2nd Tank testing

Scale 1:2 WEC

Q4 2012 1st Ocean trial

Scale 1:2 WEC

$1M AfDB SEFA

(pending)

€5.6M EU Horizon

2020 (Pending)

€3M EU Horizon

2020 (Pending)

€5.2M Eureka

Acqueau

(Pending)

Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary

Our company and technology are supported by

a strong network of partners and friends

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MIT (R&D)

Univ. Michigan (R&D)

USACE (Support testing)

US DOE (Funding)

US DOI (Funding)

Eire Composite (Production WEC)

Parker Hannifin (R&D)

EMEC (Certification)

Aquatera (Flora and Fauna Impact)

WSP (Civil engineering)

Fiberspar (Production pipeline)

ABB (R&D)

EU (Funding)

CSIR (R&D, Feasibility)

Micromatic (Production PTO)

Eureka Acqueau (Funding)

South Africa (DWA, DST, DEA)

SmartBay (Support Testing)

Satakunta Uniiversity (Water quality)

Tallinn University (Water system

modeling)

WIS (Production desalination)

Univ. Cork (Dissemination)

HWU - ICIT (Social Impact)

Univ. Cape Verde (Social Impact)

Geomara (Feasibility studies)

INMG (Feasibility studies)

INMG (Feasibility studies)

Electra (Water utility)

AfDB (Funding)

Cape Verde (MTIE, MAHOT)

Resolute Marine Energy Clean Water From Ocean Waves © 2015 Resolute Marine Energy - Confidential and Proprietary

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“Whiskey’s for drinking

Water’s for fighting over” Attributed to Mark Twain

THANK YOU!