Global Thermostat: A Profitable Solution to Climate Change

globalthermostat Company Confidential

global thermostat

A Profitable Solution toClimate ChangeJune, 2014

a carbon negative solution

global thermostat

globalthermostat Company Confidential 2

global thermostat

Climate & Industry Facing Carbon Challenge

Industrial Markets

($5B)

Food & Beverage

Refrigeration & Greenhouses

Carbonates

Concrete / Cement

Polymers

Graphene

Crop Improvement

Oil & Gas ($800B)

Enhanced Oil Recovery

Clean-up of Natural Gas Processing

Renewable Fuels ($T+)

Algae Biofuels

Synthetic Gasoline

Substantial Unmet Demand

1958

1964

1970

1976

1982

1988

1994

2000

2006

300

320

340

360

380

400

CO2 PPM

≈20% increase in atmosphere

concentration in last half-century

Readings hit 400ppm in 2013 for first time

…but huge demand for CO2 unmet…

…due to three critical issues

Atmospheric CO2 levels rising…

Critical Challenge: Profitably Harnessing Atmospheric CO2 for Productive Industrial Use – creating Abundant, Reliable, Low Cost Supply Wherever Needed

Limited Supply

High Capture

Costs

Difficult to

Transport

Natural subterranean reserves limited, depleting, geo-specific

Competing carbon capture methods prohibitively expensive

CO2 is extremely difficult to transport economically,


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Low-Cost, Breakthrough

Process

Advanced Modular Design

Slashes CAPEX & OPEX; Eliminates Transport Costs

Absorption Regeneration

Low-energy, low-cost

Abundant Supply Location Independent Affordable w/o Subsidies or Carbon Credits

GT’s Proven, Patented Approach to Producing CO2 : A Truly Disruptive, Proprietary Solution

CO2 supplied on-site, wherever needed Eliminates trucks & pipelines

Can be stand-alone, or co-located w/ large emitters Needs only residual heat, and

electricity Ideal for remote locations

CO2 drawn directly from air, or from industrial flues

Supplied in any quantity, via totally modular design Modules capture 50,000-

100,000 tonnes/yr. each Can expand as needed, by

adding more modules

Easy to integrate with existing or new-built power plants Has been done with just one

day of power plant down-time

Small footprint: fits on land adjacent to industrial facilities

Carbon negative: captures more CO2 than energy input requires

CO2 remains trapped

Patented “Carbon Sponge”: porous monolith blocks coated with proprietary amine sorbents

Ambient Air and/or Flue Gas flows through and binds to sorbent – Structure & process resemble a car’s catalytic converter

3. Monoliths return to air stream; cycle restarts …

2. Low temperature “residual”/ process heat applied, releasing 98%+ pure CO2 for collection

1. Monoliths lowered into sealed chamber

CO2 Available in atmosphere, unlimited supply

Air or flue gas Air exits w/o CO2


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Technology Development, IP

Prototype Demonstration

Next Step: Commercialize & Scale

Technology Fully Baked• Created by Peter Eisenberger

and Graciela Chichilnisky• Leading technical partners

IP Rights Secured• Strong IP portfolio

– 10 patents so far– Worldwide rights

• Freedom To Operate opinion

Prototypes Operational• Two prototypes validate

technology & economics• Results consistent from

bench- to pilot-scale

Design for Manufacture• Continue to develop

engineering plans for full-scale production units

Sales • Advance negotiations with

large industrial partners• Contract & Execute projects

IP Commercialization• Advance IP licensing

negotiations with large strategics

Solution is Demonstrated, Starting to Scale

10 Patents Protect Technology

Two Prototypes with SRI Validate Technology

Arranging Financing and Partnerships to Scale


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Graciela ChichilniskyCEO & Founder

• World leading economist, entrepreneur, executive, and inventor in IT, financial instruments, and CO2 capture

• Founder CEO of FITEL and Cross Border Exchange, successful financial services technology companies

• Author of the Kyoto Protocol’s carbon market legislation (EU ETS)• PhD in Math from MIT and in Economics from UC Berkeley• Tenured Professor Columbia University, previously Harvard and

Stanford

Peter EisenbergerCTO & Founder

• Leader and technology innovator in the global energy industry, and CO2 capture

• 20+ year career including heading global R&D at Exxon, and lead scientist at Bell Labs

• Tenured professor and former Vice Provost at Columbia University• Former Director of Columbia University’s Lamont-Doherty Earth

Observatory• Founding Director Princeton University Materials Institute• Founding Director Columbia University Earth Institute

Edgar Bronfman, Jr.Investor & Chairman

• Chairman, Endeavor Global• General Partner at Accretive LLC• Former President and CEO of the Seagram Company• Former Chairman and CEO of the Warner Music Group• Recently successfully sold Warner for US$3.3 billion

Key Advisors

Ron ChanceEmeritus Science Advisor, Exxon

Rocco FiatoAccelergy, Exxon

Roger ChuppaPower Engineers Collaborative

Jerry MeldonAssociate Professor of Chemical and Biological Engineering, Tufts University

Leadership Team, Advisors, Partners

Research & Technology Partners


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Summary

True, Proven Technical Breakthrough

Technology solves critical barriers to productive CO2 application in industry

Enormous Market Potential

Large, diverse and unmet market opportunity todaySignificant opportunity to expand market, enables new applications – $ Trillions per year opportunity

Advanced Development Stage

Major technical proof-points established and protected with robust IP worldwide

Clear Path to Exit Several paths to both create a big business and reach a liquidity event in 3-5 years

Graciela Chichilnisky - CEO & [email protected]

212.678.1148


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Next GT Commercial Plant

GT’s Tandem Commercial Modules produce approximately 100,000 tonnes/yr. of CO2.

Operating cost is just $10/tonne of CO2. CO2 sells for $40/tonne, generating gross margins of $3MM/yr./module.

Each 1MM tonne/yr. Plant requires ten such Modules, producing $30MM in annual gross profit to GT.

Global Thermostat: A Profitable Solution to Climate Change

Business

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