Clean City Project - Introduction - Stesecoetica

14
FEBRUARY 2018 STRICTLY CONFIDENTIAL CLEAN CITY PROJECT INTRODUCTION An Immediate Solution to Reduce Pollution in Urban Areas

Transcript of Clean City Project - Introduction - Stesecoetica

Page 1: Clean City Project - Introduction - Stesecoetica

F E B R U A R Y 2 0 1 8S T R I C T L Y C O N F I D E N T I A L

C L E A N C I T Y P R O J E C T – I N T R O D U C T I O N

An Immediate Solution to Reduce Pollution in Urban Areas

Page 2: Clean City Project - Introduction - Stesecoetica

Executive Summary ASG Power SA (“ASG Power” or the “Company”), a Swiss boutique engineering company with a strong track record of

successfully-developed energy/oil & Gas projects, has been implementing the integrated multi generation system(“IMGS”), an innovative solution to switch the combustion-based Transport into electric on a massive scale.

The IMGS is a clean decentralised multigeneration system that is completely scalable, emission-free, cost effective anduses Hydrogen (or Biogas or LNG or Natural Gas when Hydrogen from renewable resources is not available) to generateDC and AC electricity, heat and cold without combustion.

The IMGS is an immediate and revolutionary solution for a clean transport to be implemented on a global scale, solvingthe problems of demand for new power generation and distribution by increasing efficiency, performance and autonomy.

ASG Power is introducing to various municipalities, port and airport authorities the IMGS Clean City as the first largescale solution for dedicated zero emission integrated (power and grid) network independent of the antiquated electricalgrid that realistically cannot sustain transport needs.

IMGS Clean City is the only viable green solution that can help cities to meet its emission targets by reducing 90% of allemissions from transport in less than 5 years.

The IMGS is scalable, cost effective and a very low emission DC power generation system. The IMGS is able to produceelectricity on a massive scale for electrified urban road transport, marine and airport applications. The time to market of the IMGS is much lower than comparable renewable energy plants as well as combustion-based power

generation facilities.

C L E A N C I T Y P R O J E C T

ASG Power SA (“ASG Power” or the “Company”), a Swiss boutique engineering company with a strong track record ofsuccessfully-developed energy/oil & Gas projects, has been implementing the integrated multi generation system(“IMGS”), an innovative solution to switch the combustion-based Transport into electric on a massive scale.

The IMGS is a clean decentralised multigeneration system that is completely scalable, emission-free, cost effective anduses Hydrogen (or Biogas or LNG or Natural Gas when Hydrogen from renewable resources is not available) to generateDC and AC electricity, heat and cold without combustion.

The IMGS is an immediate and revolutionary solution for a clean transport to be implemented on a global scale, solvingthe problems of demand for new power generation and distribution by increasing efficiency, performance and autonomy.

ASG Power is introducing to various municipalities, port and airport authorities the IMGS Clean City as the first largescale solution for dedicated zero emission integrated (power and grid) network independent of the antiquated electricalgrid that realistically cannot sustain transport needs.

IMGS Clean City is the only viable green solution that can help cities to meet its emission targets by reducing 90% of allemissions from transport in less than 5 years.

The IMGS is scalable, cost effective and a very low emission DC power generation system. The IMGS is able to produceelectricity on a massive scale for electrified urban road transport, marine and airport applications. The time to market of the IMGS is much lower than comparable renewable energy plants as well as combustion-based power

generation facilities.

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ASG Power SA (“ASG Power” or the “Company”), a Swiss boutique engineering company with a strong track record ofsuccessfully-developed energy/oil & Gas projects, has been implementing the integrated multi generation system(“IMGS”), an innovative solution to switch the combustion-based Transport into electric on a massive scale.

The IMGS is a clean decentralised multigeneration system that is completely scalable, emission-free, cost effective anduses Hydrogen (or Biogas or LNG or Natural Gas when Hydrogen from renewable resources is not available) to generateDC and AC electricity, heat and cold without combustion.

The IMGS is an immediate and revolutionary solution for a clean transport to be implemented on a global scale, solvingthe problems of demand for new power generation and distribution by increasing efficiency, performance and autonomy.

ASG Power is introducing to various municipalities, port and airport authorities the IMGS Clean City as the first largescale solution for dedicated zero emission integrated (power and grid) network independent of the antiquated electricalgrid that realistically cannot sustain transport needs.

IMGS Clean City is the only viable green solution that can help cities to meet its emission targets by reducing 90% of allemissions from transport in less than 5 years.

The IMGS is scalable, cost effective and a very low emission DC power generation system. The IMGS is able to produceelectricity on a massive scale for electrified urban road transport, marine and airport applications. The time to market of the IMGS is much lower than comparable renewable energy plants as well as combustion-based power

generation facilities.

ASG Power’s IMGS technology is proven and validated by the worlds’ most relevant engineering companies- the strategic technological partners of ASG Power

ASG Power’s IMGS technology is proven and validated by the worlds’ most relevant engineering companies- the strategic technological partners of ASG Power

ASG Power has patented a technological solution to immediately reduce NOX, SOX, O3 and PM emissionsfrom transport, space heating and existing power generation

ASG Power has patented a technological solution to immediately reduce NOX, SOX, O3 and PM emissionsfrom transport, space heating and existing power generation

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The Integrated Multi Generation System (“IMGS”) is a decentralized, emission-free, combustion-free and cost effectivefuel cell-based power generating system. When Hydrogen produced by Wind and Solar is not available, the IMGS utilizes biogas (“BG”), liquefied natural gas (“LNG”) or

natural gas (“NG”) to produce unlimited baseload & peak electricity –both direct current (“DC”) and alternating current (“AC”)–,heat and cold with overall 86% efficiency factor compared to the traditional 45%(1).

It is designed to be modular and it is a completely scalable system. IMGS offers a possibility to maintain an off-grid clean power generation reserve.

It can be used in cases of emergencies or failures to feed the main power generation grid as a backup. IMGS is a proven technology with guaranteed performance and efficiency ready to be implemented in 12 months. IMGS can be immediately installed in various cities to quickly and efficiently reduce CO2, CO, NOX, O3, PM10, PM2.5

emissions. IMGS generates oxygen for a cleaner atmospheric environment in urban areas.

IMGS Clean Energy OverviewDESCRIPTION

C L E A N C I T Y P R O J E C T

The Integrated Multi Generation System (“IMGS”) is a decentralized, emission-free, combustion-free and cost effectivefuel cell-based power generating system. When Hydrogen produced by Wind and Solar is not available, the IMGS utilizes biogas (“BG”), liquefied natural gas (“LNG”) or

natural gas (“NG”) to produce unlimited baseload & peak electricity –both direct current (“DC”) and alternating current (“AC”)–,heat and cold with overall 86% efficiency factor compared to the traditional 45%(1).

It is designed to be modular and it is a completely scalable system. IMGS offers a possibility to maintain an off-grid clean power generation reserve.

It can be used in cases of emergencies or failures to feed the main power generation grid as a backup. IMGS is a proven technology with guaranteed performance and efficiency ready to be implemented in 12 months. IMGS can be immediately installed in various cities to quickly and efficiently reduce CO2, CO, NOX, O3, PM10, PM2.5

emissions. IMGS generates oxygen for a cleaner atmospheric environment in urban areas.

INTEGRATED MULTI GENERATION SYSTEM

LNG NGor Cold

energydelivery

Hydrogenfor HybridVehicles

BGor

Hydrogenor

2 Source: Company dataNotes: (1) Electrical and Thermal energy generated by two different energy vectors

IMGS

2MW – 100MW

ACElectric energy deliveryon-grid and/or off-grid

DCElectric energy deliveryfor Electric Vehicles

Coldenergydelivery

Heatenergydelivery

Hydrogenfor HybridVehicles

Oxygenfor Cleaner Airin Urban Areas

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Pollution in Urban Areas

Air pollution has a significant impact on health of the entire population, particularly in urban areas, based on the mostrecent World Health Organization (WHO) report, it kills 9 million people each year, or one in eight deaths globally.

Around 85% of the urban population in Europe have been exposed to fine particulate matter (PM), nitrogen dioxide (NO2)and ground-level ozone (O3) at levels deemed harmful to health, causing or aggravating cardiovascular diseases, asthma andlung cancer.

PM is a widespread air pollutant, present wherever people are living, and the pollution it generates cannot be reduced usingcurrent technologies.

Particles are either directly emitted into the air or are formed in the atmosphere from gaseous precursors such as sulphurdioxide, oxides of nitrogen, ammonia and non-methane volatile organic compounds (secondary particles).

Primary PM and the precursor gases can have both man-made (anthropogenic) and natural (non-anthropogenic) sources.

Anthropogenic sources include combustion engines (diesel and petrol), solid-fuel (coal, lignite, heavy oil and biomass)combustion for energy production in households and industry.

Secondary PM are formed in the air through chemical reactions of gaseous pollutants. They are products of atmospherictransformation of nitrogen oxides (mainly emitted by traffic and some industrial processes) and sulphur dioxide resultingfrom the combustion of sulphur-containing fuels.

The European Environmental Agency’s (EEA) report ‘Air quality in Europe – 2017 report’ shows that in 2014 exposure toPM2.5 was responsible for about 428’000 premature deaths, while the estimated impacts of nitrogen dioxide (NO2) andground-level ozone (O3) exposure accounted for around 78’000 and 14’400 premature deaths respectively.

Germany (81’160) and Italy (79’820) are European leaders of premature deaths as a result of PM, NO2, and O3 exposure.

In Italy for every 100’000 population there were 131 deaths in 2014 compared to 100 in Germany and 72 in France.

C L E A N C I T Y P R O J E C T

Air pollution has a significant impact on health of the entire population, particularly in urban areas, based on the mostrecent World Health Organization (WHO) report, it kills 9 million people each year, or one in eight deaths globally.

Around 85% of the urban population in Europe have been exposed to fine particulate matter (PM), nitrogen dioxide (NO2)and ground-level ozone (O3) at levels deemed harmful to health, causing or aggravating cardiovascular diseases, asthma andlung cancer.

PM is a widespread air pollutant, present wherever people are living, and the pollution it generates cannot be reduced usingcurrent technologies.

Particles are either directly emitted into the air or are formed in the atmosphere from gaseous precursors such as sulphurdioxide, oxides of nitrogen, ammonia and non-methane volatile organic compounds (secondary particles).

Primary PM and the precursor gases can have both man-made (anthropogenic) and natural (non-anthropogenic) sources.

Anthropogenic sources include combustion engines (diesel and petrol), solid-fuel (coal, lignite, heavy oil and biomass)combustion for energy production in households and industry.

Secondary PM are formed in the air through chemical reactions of gaseous pollutants. They are products of atmospherictransformation of nitrogen oxides (mainly emitted by traffic and some industrial processes) and sulphur dioxide resultingfrom the combustion of sulphur-containing fuels.

The European Environmental Agency’s (EEA) report ‘Air quality in Europe – 2017 report’ shows that in 2014 exposure toPM2.5 was responsible for about 428’000 premature deaths, while the estimated impacts of nitrogen dioxide (NO2) andground-level ozone (O3) exposure accounted for around 78’000 and 14’400 premature deaths respectively.

Germany (81’160) and Italy (79’820) are European leaders of premature deaths as a result of PM, NO2, and O3 exposure.

In Italy for every 100’000 population there were 131 deaths in 2014 compared to 100 in Germany and 72 in France.

3 Source: Company data

Air pollution has a significant impact on health of the entire population, particularly in urban areas, based on the mostrecent World Health Organization (WHO) report, it kills 9 million people each year, or one in eight deaths globally.

Around 85% of the urban population in Europe have been exposed to fine particulate matter (PM), nitrogen dioxide (NO2)and ground-level ozone (O3) at levels deemed harmful to health, causing or aggravating cardiovascular diseases, asthma andlung cancer.

PM is a widespread air pollutant, present wherever people are living, and the pollution it generates cannot be reduced usingcurrent technologies.

Particles are either directly emitted into the air or are formed in the atmosphere from gaseous precursors such as sulphurdioxide, oxides of nitrogen, ammonia and non-methane volatile organic compounds (secondary particles).

Primary PM and the precursor gases can have both man-made (anthropogenic) and natural (non-anthropogenic) sources.

Anthropogenic sources include combustion engines (diesel and petrol), solid-fuel (coal, lignite, heavy oil and biomass)combustion for energy production in households and industry.

Secondary PM are formed in the air through chemical reactions of gaseous pollutants. They are products of atmospherictransformation of nitrogen oxides (mainly emitted by traffic and some industrial processes) and sulphur dioxide resultingfrom the combustion of sulphur-containing fuels.

The European Environmental Agency’s (EEA) report ‘Air quality in Europe – 2017 report’ shows that in 2014 exposure toPM2.5 was responsible for about 428’000 premature deaths, while the estimated impacts of nitrogen dioxide (NO2) andground-level ozone (O3) exposure accounted for around 78’000 and 14’400 premature deaths respectively.

Germany (81’160) and Italy (79’820) are European leaders of premature deaths as a result of PM, NO2, and O3 exposure.

In Italy for every 100’000 population there were 131 deaths in 2014 compared to 100 in Germany and 72 in France.

ASG has designed and patented a solid answer and solution to immediately reduce NOX, SOX, O3 and PMemissions from road transport and existing power generation by 99.6%

ASG has designed and patented a solid answer and solution to immediately reduce NOX, SOX, O3 and PMemissions from road transport and existing power generation by 99.6%

Page 5: Clean City Project - Introduction - Stesecoetica

Clean City Project – IMGS HighlightsIMGS OVERVIEW

Several initiatives of Mayors from main cities have been launched: 530 major cities have joined the Compact of Mayors,assuming targets for the reduction of GHG emissions. The main tools for addressing this challenge are related to urbanmobility and alternative fuels for transportation. Electric mobility (e-mobility) is increasingly seen as an ideal solution forurban mobility.

The IMGS is a scalable, cost effective and very low emission DC power generation system. The IMGS is able to produceelectricity on a massive scale for electrified urban road transport. The time to market of the IMGS is much lower than that of comparable renewable energy plants(1). Two of the most relevant global engineering and construction companies have validated the technology.

Besides the unquestionable environmental benefits, the challenge related to the development of e-mobility is the charginginfrastructure and its speed. Current fastest charging stations allow for 275 km of autonomy (50 kWh) with a 30-minutecharge, compared with an 800 km of autonomy with a 5-minute charge of an internal combustion vehicle. The IMGSsolves entirely this issue by charging EVs in less than 5 minutes.

Today, charging 50 kWh in 30 minutes requires 100 kW of installed power capacity, equivalent to the peak demand of 25homes or a large supermarket. The current distribution grids and power generation, with decades of age in main cities,cannot absorb the demand of e-mobility.

C L E A N C I T Y P R O J E C T

Several initiatives of Mayors from main cities have been launched: 530 major cities have joined the Compact of Mayors,assuming targets for the reduction of GHG emissions. The main tools for addressing this challenge are related to urbanmobility and alternative fuels for transportation. Electric mobility (e-mobility) is increasingly seen as an ideal solution forurban mobility.

The IMGS is a scalable, cost effective and very low emission DC power generation system. The IMGS is able to produceelectricity on a massive scale for electrified urban road transport. The time to market of the IMGS is much lower than that of comparable renewable energy plants(1). Two of the most relevant global engineering and construction companies have validated the technology.

Besides the unquestionable environmental benefits, the challenge related to the development of e-mobility is the charginginfrastructure and its speed. Current fastest charging stations allow for 275 km of autonomy (50 kWh) with a 30-minutecharge, compared with an 800 km of autonomy with a 5-minute charge of an internal combustion vehicle. The IMGSsolves entirely this issue by charging EVs in less than 5 minutes.

Today, charging 50 kWh in 30 minutes requires 100 kW of installed power capacity, equivalent to the peak demand of 25homes or a large supermarket. The current distribution grids and power generation, with decades of age in main cities,cannot absorb the demand of e-mobility.

IMGS provides an alternative new decentralized power generation system that is able to produce electricity for fast charging.It provides a charge of 100 x 50 kWh in less than five minutes, without the need of upgrading the existing grid.

IMGS provides an alternative new decentralized power generation system that is able to produce electricity for fast charging.It provides a charge of 100 x 50 kWh in less than five minutes, without the need of upgrading the existing grid.

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IMGS USES EXISTING SOLUTIONS FOR CONDUCTIVE AND INDUCTIVE ULTRAFAST CHARGING

Source: Company dataNotes: (1) A 5.6 MW IMGS plant can be delivered and implemented in 12 months.

IMGS provides an alternative new decentralized power generation system that is able to produce electricity for fast charging.It provides a charge of 100 x 50 kWh in less than five minutes, without the need of upgrading the existing grid.

IMGS provides an alternative new decentralized power generation system that is able to produce electricity for fast charging.It provides a charge of 100 x 50 kWh in less than five minutes, without the need of upgrading the existing grid.

Page 6: Clean City Project - Introduction - Stesecoetica

The IMGS for a Clean City Transport System IMGS is designed to generate the needed off-grid ultrafast-charging power necessary for the large numbers of existing and

new electric vehicles to be charged simultaneously. It is also able to produce pure Oxygen to distribute into the atmosphere, resulting in cleaner air in the cities.

IMGS currently represents the only effective and immediately implementable solution to switch, on a massive scale, thepolluting combustion-based transport sector into clean electric. It solves the height charge power and time of charge problems and increases efficiency and performance of electric vehicles.

With 5.6MW DC power output in 6 minutes charging time the IMGS is able to fuel(1) simultaneously 8 units of electricbuses and cars, for a total of 2’300 charging operations daily.

C L E A N C I T Y P R O J E C T

IMGS is designed to generate the needed off-grid ultrafast-charging power necessary for the large numbers of existing andnew electric vehicles to be charged simultaneously. It is also able to produce pure Oxygen to distribute into the atmosphere, resulting in cleaner air in the cities.

IMGS currently represents the only effective and immediately implementable solution to switch, on a massive scale, thepolluting combustion-based transport sector into clean electric. It solves the height charge power and time of charge problems and increases efficiency and performance of electric vehicles.

With 5.6MW DC power output in 6 minutes charging time the IMGS is able to fuel(1) simultaneously 8 units of electricbuses and cars, for a total of 2’300 charging operations daily.

ULTRAFAST-CHARGE OF ELECTRIC CITY BUSES AND ELECTRIC CARS

PMS PMS PMS PMS PMS

PMS

IMGS

IMGS

IMGSPMS – Power Management SystemBMS – Battery Management SystemFCM – Fast-Charging Management

5

FCMBMS

BMS FCM BMS FCM BMS FCM BMS FCM BMS FCM BMS FCM

PMS

FCMBMS

PMS

Source: Company dataNote: (1) With a 60kWh energy amount at 10C charging level.

Page 7: Clean City Project - Introduction - Stesecoetica

IMGS Applications – On-Depot & On-Route Fast-Charging

Batteries are the most important and expensive components of electric buses. 240kWh(1) is the energy needed to reach a daily range of 200km, to recharge this energy in 8 minutes a 1.8MW power is requested.

The IMGS offers a possibility to charge vehicles at bus stops (on-route) at maximum charging rate (minimum time). This option enables a reduction in size and weight of batteries for the equivalent ranges, increases bus efficiency(2), reduces total

charging times and increases the number of passengers that can be carried (higher number of passengers transported perkilometer).

C L E A N C I T Y P R O J E C T

4 min. 4 min 4 min.

8 min.8 min.

IMGS BUS DEPOTS FAST CHARGING OR ON-ROUTE FAST CHARGING

t1

1

200Km

16 min / 83%16 min / 83%

IMGS CHARGING POWER / CHARGING TIME /CHARGING RATE

TOTAL CHARGING TIMES /BUS EFFICENCY

1

t2

2

32

240 kWh Battery2800 kg

Batteries are the most important and expensive components of electric buses. 240kWh(1) is the energy needed to reach a daily range of 200km, to recharge this energy in 8 minutes a 1.8MW power is requested.

The IMGS offers a possibility to charge vehicles at bus stops (on-route) at maximum charging rate (minimum time). This option enables a reduction in size and weight of batteries for the equivalent ranges, increases bus efficiency(2), reduces total

charging times and increases the number of passengers that can be carried (higher number of passengers transported perkilometer).

1.8 MW/8 min/7.5C1.8 MW/8 min/7.5C

1.8 MW/4 min/15C1.8 MW/4 min/15C

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2 min. 2 min. 2 min. 2 min. 2 min.

100Km

50Km

t1

t1

1

t3

t5

5

t2

t2

2

t3

3

t4

4

12 min / 92%12 min / 92%120 kWh Battery1400 kg

60 kWh Battery700 kg

10 min / 99%10 min / 99%

Source: Company dataNote: (1) Assumed energy consumption of 1.2 kWh/km; (2) Linear regression of battery weight reduction assuming bus curb weight of 10’770 kg

1.8 MW/4 min/15C

1.8 MW/2 min/30C1.8 MW/2 min/30C

Page 8: Clean City Project - Introduction - Stesecoetica

IMGS Applications – On-Depot & On-Route Fast-Charging

IMGS BUS DEPOTS FAST CHARGING OR ON-ROUTE FAST CHARGING

IMGS CHARGING POWER / CHARGING TIME /CHARGING RATE

TOTAL CHARGING TIMES /BUS EFFICENCY

IMGS offers the possibility to charge vehicles at bus depots and at bus stops (on-route) at optimal charging rate in order tomaximize protection of the batteries

C L E A N C I T Y P R O J E C T

7.5 min. 7.5 min 7.5 min.

10 min.10 min.

t1

1

200Km

20 min / 83%20 min / 83%

IMGS CHARGING POWER / CHARGING TIME /CHARGING RATE

TOTAL CHARGING TIMES /BUS EFFICENCY

1

t2

2

32

22.5 min / 92%22.5 min / 92%

240 kWh Battery2800 kg

120 kWh Battery1400 kg

1.44 MW/10 min/6C1.44 MW/10 min/6C

0.96 MW/7.5 min/8C0.96 MW/7.5 min/8C

7

6 min. 6 min. 6 min. 6 min. 6 min.

100Km

50Km

t1

t1

1

t3

t5

5

t2

t2

2

t3

3

t4

4

22.5 min / 92%22.5 min / 92%120 kWh Battery1400 kg

60 kWh Battery700 kg

30 min / 99%30 min / 99%

Source: Company dataNote: (1) Battery manufacturers are able to guarantee a long life exceeding 15’000 charge/discharge cycles at rapid charging of 6 minutes (10C)

0.6 MW/6 min/10C0.6 MW/6 min/10C

Page 9: Clean City Project - Introduction - Stesecoetica

Snapshot of the IMGS Applications

C L E A N C I T Y P R O J E C T

CITY URBANAREAS

BUS DEPOTSAND

BUS STOPS

TAXI DEPOTSAND

TAXI STOPSCITY PARKING

UNDERGROUND,TRAMS AND

TROLLEY BUSES

SHOPPING CENTRESPARKING

OFFICE BUILDINGSPARKING

RESIDENTIALBUILDINGS

PARKING

HOSPITALS ANDHOTELSPARKING

AREAS OFAPPLICATION

AND

CURRENTDEVELOPMENTS

SHOPPING CENTRESPARKING

OFFICE BUILDINGSPARKING

RESIDENTIALBUILDINGS

PARKING

HOSPITALS ANDHOTELSPARKING

PORT AREAS

CRUISE SHIPS YACHTS COMMERCIAL SHIPS PORT PARKING

ALTERNATIVEMARINE POWER

(AMP)

MARINEPROPULSION SYSTEM

(MPS)

ELECTRIC VESSELSCHARGING

NEW DC AND AC(50/60 Hz) POWER

GENERATION

AIRPORT AREAS

PASSENGERAIRCRAFT CARGO AIRCRAFT

TAXI AND BUSPARKING/STOP

AREASAIRPORT PARKING

8 Source: Company data

AIRPORT AREASEXTERNAL GROUND

POWERDC (28 V) AND

AC (115 V, 400 Hz)

ELECTRICPUSHBACK TUGS

ELECTRIC BUSES,BELT LOADERS,

BOARDING STAIRS

ELECTRICCATERING AND

SERVICE VEHICLES

LOGISTICSDISTRIBUTION

CENTRES

FOODDISTRIBUTION

GOODSDISTRIBUTION

WASTETRANSPORT

FUELSDISTRIBUTION

Page 10: Clean City Project - Introduction - Stesecoetica

Patent Idea Development

The serious problem of pollution (in cities) and the dramatic oxygen burning levels have challenged to find a solution tobe immediately applied

Transport is responsible for at least 40% of the global pollution and burns more oxygen than the entire humanpopulation, this is the reason why a zero-emission electric mobility is the key in developing Clean Cities

The basic idea of the innovation is that by using Fuel Cells (in CCHP regime) to fast-charge Electric Vehicles it ispossible to solve simultaneously four key problems: Problem related to the impossible upgrading of Power Grids in order to switch all heavy-polluted transport into electric Problem related to centralised power generation with high pollution and huge losses of Primer Energy Problem of effective emission reductions for every 1MW installed capacity compared even to Renewable Energy Sources such

as wind or solar power Problem related to alarming oxygen dropping levels

C L E A N C I T Y P R O J E C T

The serious problem of pollution (in cities) and the dramatic oxygen burning levels have challenged to find a solution tobe immediately applied

Transport is responsible for at least 40% of the global pollution and burns more oxygen than the entire humanpopulation, this is the reason why a zero-emission electric mobility is the key in developing Clean Cities

The basic idea of the innovation is that by using Fuel Cells (in CCHP regime) to fast-charge Electric Vehicles it ispossible to solve simultaneously four key problems: Problem related to the impossible upgrading of Power Grids in order to switch all heavy-polluted transport into electric Problem related to centralised power generation with high pollution and huge losses of Primer Energy Problem of effective emission reductions for every 1MW installed capacity compared even to Renewable Energy Sources such

as wind or solar power Problem related to alarming oxygen dropping levels

11

22

33

44

RATIONALE BEHIND THE IMGS PATENT DEVELOPMENT

REFERENCE DATES KEY EVENTS

2003 – 2004 Awareness of problems related to Power Generation plants supplied by Natural Gas through pipeline, e.g. high costs

of building new pipelines, geopolitical problems to transit through “unfriendly” countries and high costs oftransmission

2005 Design and development of Power Plant projects using Liquefied Natural Gas (LNG) as a fuel

Source: Company data9

2005 Design and development of Power Plant projects using Liquefied Natural Gas (LNG) as a fuel

2006 – 2007 Focus on decentralized power generation systems by using the expertise developed in previous projects

2008 Fuel Cell technology considered as the cleanest and most efficient technology for power generation

2009 Design of the first Fuel Cell-based Combined Cold, Heat & Power projects (CCHP) with 91% overall efficiency factor

2010 – 2011 Design of the first Integrated Multi Generation System (IMGS)

Page 11: Clean City Project - Introduction - Stesecoetica

Key Benefits for Stakeholders and Potential Upsides

MUNICIPALITY

No additional costs for switching polluting diesel and gasoline-running buses into clean Electric Buses Long-term cost savings by adopting more efficient Electric Buses Switch all public transportation (including taxis and all other public and private vehicles) to electric Independent hybrid grid dedicated to fast-charging of all Electrical Vehicles (EV) Rapid on-route(1) charging in less than 1 minute Charging by induction (wirelessly) for taxis and buses (avoiding electric contact or connectors) Lower operation and maintenance costs compared to Diesel-Hybrid, CNG or Diesel buses Possibility to extend the benefits of the IMGS to adjacent businesses / applications / projects

C L E A N C I T Y P R O J E C T

MUNICIPALITY

No additional costs for switching polluting diesel and gasoline-running buses into clean Electric Buses Long-term cost savings by adopting more efficient Electric Buses Switch all public transportation (including taxis and all other public and private vehicles) to electric Independent hybrid grid dedicated to fast-charging of all Electrical Vehicles (EV) Rapid on-route(1) charging in less than 1 minute Charging by induction (wirelessly) for taxis and buses (avoiding electric contact or connectors) Lower operation and maintenance costs compared to Diesel-Hybrid, CNG or Diesel buses Possibility to extend the benefits of the IMGS to adjacent businesses / applications / projects

COMMUNITY

Public transportation switched into zero-emission Electric Vehicles New pure oxygen volumes for cleaner air in the city Considerable reductions of all green house gases New thermal and electrical energy for expansion of the real estate market Drastic acoustic pollution reductions Reduction of power shortages (backup of the existing grid in case of emergencies or natural disasters) Remarkable contribution in reducing Green House Gas emissions and preserving oxygen Promotion of new infrastructure for a Clean City

Public transportation switched into zero-emission Electric Vehicles New pure oxygen volumes for cleaner air in the city Considerable reductions of all green house gases New thermal and electrical energy for expansion of the real estate market Drastic acoustic pollution reductions Reduction of power shortages (backup of the existing grid in case of emergencies or natural disasters) Remarkable contribution in reducing Green House Gas emissions and preserving oxygen Promotion of new infrastructure for a Clean City

POTENTIAL UPSIDES

Ideal to generate clean cooling, heating and electric energy for new real estate developments Ideal to store and generate energy for wind and solar plants Power back up for: telecommunications and security systems, data centres, airports, railroads / subways / metros, heavy

industry (e.g. Mining), construction sites and ports

10 Source: Company dataNotes: (1) For Electric Buses roof-charged at selected bus stops

Page 12: Clean City Project - Introduction - Stesecoetica

IMGS Bus Charging Station

C L E A N C I T Y P R O J E C T

11 Source: Company data

Page 13: Clean City Project - Introduction - Stesecoetica

Represents an immediate and advanced solution to provide energy for massive scale conversion to full electric vehicles (EV),involving all public transportation (buses and taxis) and private EVs

Addresses and solves the main problems of autonomy and time of charge for EV batteries

Designed to enhance efficiency and security of energy supply to cities by creating an independent metropolitan DC smarthybrid grid to complement existing grid supply

Designed to be of formidable quality and to be a stable baseload power backup supply system that can be useful duringemergencies (e.g. city power blackouts, terrorist attacks) – Dual mode off-grid/on-grid

Reduction in inefficiencies linked to power and heat losses from conventional centralized generation, transmission anddistribution

Backup support to Renewable Energy Sources (RES) by balancing and stabilizing the main grid

Designed to efficiently store electrical energy in batteries, ultra-capacitors and hydrogen

DC electricity generated by the IMGS is ideal to power all electronic systems and big data centres avoiding problems relatedto the existing AC Grid and the conversion from AC to DC

Green House Gas emissions responsible for harming health and the environment are drastically reduced compared to all othertypes of power generation (oil, gas and nuclear) including wind and solar

The heat generated by the IMGS is considered zero carbon due to displaced electricity from classical centralized power plants

Generates pure Oxygen as a by-product and releases it into the atmosphere, thus increasing its concentration and resulting incleaner air for urban population

For every 1MW IMGS-generated power we are producing Oxygen equivalent to the emission from a 1’000 trees

ConclusionIMGS Clean City Energy System can make a significant contribution towards achieving the target objectives of the UnitedNation’s Paris Agreement on Climate Change

IMGS MAIN BENEFITS

C L E A N C I T Y P R O J E C T

Represents an immediate and advanced solution to provide energy for massive scale conversion to full electric vehicles (EV),involving all public transportation (buses and taxis) and private EVs

Addresses and solves the main problems of autonomy and time of charge for EV batteries

Designed to enhance efficiency and security of energy supply to cities by creating an independent metropolitan DC smarthybrid grid to complement existing grid supply

Designed to be of formidable quality and to be a stable baseload power backup supply system that can be useful duringemergencies (e.g. city power blackouts, terrorist attacks) – Dual mode off-grid/on-grid

Reduction in inefficiencies linked to power and heat losses from conventional centralized generation, transmission anddistribution

Backup support to Renewable Energy Sources (RES) by balancing and stabilizing the main grid

Designed to efficiently store electrical energy in batteries, ultra-capacitors and hydrogen

DC electricity generated by the IMGS is ideal to power all electronic systems and big data centres avoiding problems relatedto the existing AC Grid and the conversion from AC to DC

Green House Gas emissions responsible for harming health and the environment are drastically reduced compared to all othertypes of power generation (oil, gas and nuclear) including wind and solar

The heat generated by the IMGS is considered zero carbon due to displaced electricity from classical centralized power plants

Generates pure Oxygen as a by-product and releases it into the atmosphere, thus increasing its concentration and resulting incleaner air for urban population

For every 1MW IMGS-generated power we are producing Oxygen equivalent to the emission from a 1’000 trees

Represents an immediate and advanced solution to provide energy for massive scale conversion to full electric vehicles (EV),involving all public transportation (buses and taxis) and private EVs

Addresses and solves the main problems of autonomy and time of charge for EV batteries

Designed to enhance efficiency and security of energy supply to cities by creating an independent metropolitan DC smarthybrid grid to complement existing grid supply

Designed to be of formidable quality and to be a stable baseload power backup supply system that can be useful duringemergencies (e.g. city power blackouts, terrorist attacks) – Dual mode off-grid/on-grid

Reduction in inefficiencies linked to power and heat losses from conventional centralized generation, transmission anddistribution

Backup support to Renewable Energy Sources (RES) by balancing and stabilizing the main grid

Designed to efficiently store electrical energy in batteries, ultra-capacitors and hydrogen

DC electricity generated by the IMGS is ideal to power all electronic systems and big data centres avoiding problems relatedto the existing AC Grid and the conversion from AC to DC

Green House Gas emissions responsible for harming health and the environment are drastically reduced compared to all othertypes of power generation (oil, gas and nuclear) including wind and solar

The heat generated by the IMGS is considered zero carbon due to displaced electricity from classical centralized power plants

Generates pure Oxygen as a by-product and releases it into the atmosphere, thus increasing its concentration and resulting incleaner air for urban population

For every 1MW IMGS-generated power we are producing Oxygen equivalent to the emission from a 1’000 trees

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Page 14: Clean City Project - Introduction - Stesecoetica

Clean City Project Worldwide

The market potential for IMGS today, exceeds hundreds of thousands of units considering only the needs of heavy-pollutedCity Public Transport to be switched to Electric

The value of the market potential in the indicated cities exceeds annually USD 30 billion

C L E A N C I T Y P R O J E C T

Paris

LondonManchesterAberdeen

Berlin

MunichHamburg

Amsterdam

OsloCopenhagen

TurinMilan

FlorenceRomeMadrid

Vienna

Stockholm

Warsaw

ChicagoNew York

Los Angeles

San Francisco

Houston

Washington DC

MoscowSt. Petersburg

Beijing

Shanghai

DubaiAbu Dhabi

Doha

IstanbulAnkara

Tehran

Mexico City

Singapore

Brussels

Barcelona

13 Source: Company data