www.albatern.co.uk

1. Amore capital–efficient route to reducing risk so that wave energy can be a viable commercial segment of renewable generation David Campbell david.campbell@albatern.co.uk +44 7739 429827 www.albatern.co.uk

2. developing commercially viable wave generators developing commercially viable wave generators

3. Waves - A complex pressure field in which to work – hence so many different concepts Centre of mass and centre of buoyancy allow movement on all joints. Rams at each joint create hydraulic pressure which is taken around the array structure and drives marinised hydraulic motor/generator sets. Electricity is rectified to DC for offtake to offshore user or shore and then conditioned for use. developing commercially viable wave generators developing commercially viable wave generators

4. WATERS2 Project The Team John Findlay, CEO 30 years leading civil engineering company David Campbell, CFO 15 years in technology start-ups from seed to AIM fundings David Findlay, CTO 8 years of marine renewable experience including with Prof Stephen Salter and ScotRenewables Greenius Project Regional Winner Scotland 2013 2010 Finalist – Innovation developing commercially viable wave generators developing commercially viable wave generators

5. Opportunity Largest untapped global renewable energy source High energy density Global market estimated at £60-190 bn/year Carbon Trust Investment £1.24m equity to date; grants of £1.32m secured • Next Steps • - 3 unit array with Marine Harvest, Muck, Scotland • - 6 unit array at Galway Bay Wave Test Centre • - 3 unit array demonstrator on Scottish fishfarm • Further pipeline of projects Chile, Scotland, Malta, Norway • Commercialise off-grid in aquaculture, island and remote communities • Increase device size to address grid scale project market. Revenue Projections £410,000 2015 £880,000 2016 £4.02m Ask Round 3 investment: £2.5m Technical and commercial partners to scale up devices for grid projects developing commercially viable wave generators