| www.aedc.co.za | info@aedc.co.za | +2 711 708 7673 |

“At an operating cost lower than using candles, AEDC brings electricity to non-grid commu-nities and helps to eradicate poverty.” - Rolf Papsdorf, CEO

Problem Statement:

Non-grid communities in South Africa and neighboring countries have limited options for lighting and electrification. Paraffin and candles are expensive, unsafe, and unhealthy. Home batteries must be taken into town to be charged every three days. Further, these communities typically have 80% unemployment rates, leaving little disposable income for investment in better solutions.

Theory of Change:

Replacing candles and paraffin with our zinc air fuel cells results in continuously available green, renew-able energy, a better quality of life, education, health, safety and new sustainable job opportunities for off-grid communities.

Headquarters: Randburg, South Africa

Established: 2000

Impact Areas: Lesotho, Namibia, Zambia, South Africa

Type: For-Profit

Sectors: Clean Tech & Energy, Eco-nomic Development

Staff Size: 11 and 3-6 Volunteers

Annual Budget: $534,000

Major Funders: Investors and mines (corporate social investment projects)

Awards: Second Place Top 100 technology company in South Africa, Minister award as top 100 technol-ogy company in S.A., Globe Energy Award, Tech Awards laureate, Africa Award for best rural electrification solution

Alternative Energy Development Corporation - GSBI™ Class of 2010

EMPOWERING NON-GRID COMMUNITIES THROUGH INNOVATIVE FUEL-CELL TECHNOLOGY

Solution:Our low-cost zinc air fuel cells provide green energy 24/7 to non-grid communities at a lower monthly operating cost than using candles or paraffin, thus providing improved quality of life, health, education, and a means to sustainable local job creation. By keeping upfront costs low and working with community lead-ers to get a 90% adoption rate, we create a monthly annuity income with a high profit margin. Our technology also reduces carbon emissions and improves the environment by generating no waste.

This profile was developed during the 2010 Global Social Benefit Incubator™, the signature program of Santa Clara University’s Center for Science, Technology and Society. Updated 8/26/2010. www.scu.edu/sts/gsbi

Investment Required:$1 million, equity and/or convertible debenture. ($100,000 in 2010 and $900,000 in 2011).

Cost per Successful Outcome:

Annual Budget vs. Outcomes:

Growth Plan:

• Implement rent to own system

• Manufacture and sell 50,000 fuel cell sets

• Set up franchise models in S.A. and joint ventures in other coun-tries

• Achieve profit margin of over 35%

Impact to Date:• 4600 community members in 4 countries are benefitting

now from our fuel cell energy

Milestones Achieved:

2002: First significant funding from shareholders

2006: Pilot project demonstrating reliability of developed technology

2008: First commercial installation into a village of some 300 community members

2009: Projects in 2 villages, reached positive cash flow

| www.aedc.co.za | info@aedc.co.za | +2 711 708 7673 |

“Since having AEDC’s power, I do not use candles and have no more coughing. I use now an electric sew-ing machine and create a disposable income for my family.” – Olive, a customer in Limpopo, South Africa

$350

EMPOWERING NON-GRID COMMUNITIES THROUGH INNOVATIVE FUEL-CELL TECHNOLOGY