Business Plan September 2016

Chris Goodall, angel investor

Strictly Private and Confidential 20

In the latest prototype panel, each blade has dimensions 0.45x1.7m, and such a panel will have a total height of ~2m, with a width of 4-5m, depending on whether a 5 or 6 blade configuration is chosen. Final rated power outputs of 500-1000W per panel are envisaged. A key characteristic of Wind Panels is that they can be electrically and mechanically linked together to form larger energy generating arrays. Fig.8 below, shows two Wind Panels linked together, currently under evaluation at our Wiltshire test site

Figure 8: Photograph of linked Wind Panels

Two linked Spinetic wind panels

Business Plan September 2016

Extremely light and extremely strong

Business Plan September 2016

Extraordinary simplicity of construction

Business Plan September 2016

Cost efficiency

Enablers

• Plug & play simplicity = ultra easy installation (can use low skilled labour)

• Design for automotive style mass production = huge economies of scale

• Portability/plonkability = can reach the parts that other turbines cannot reach!

Result

LCoE comparison

• Conventional small wind: $0.35 to $0.80 per kWh

• Utility scale wind: $0.05 to $0.10 per kWh

• Spinetic Wind Panel at scale: $0.04 to $0.07 per kWh

Business Plan September 2016

Eventual LCoE is lower than that currently paid in our target market segments

Business Plan September 2016

Business Plan September 2016

Funding history and cash requirements

2013-2015 £1.2m, IP Group, Lark Energy (top 5 UK PV developer)

2016 (now) Raising £0.7m, of which c.£0.3m committed by existing investors

Mid 2017 Likely raise of £2-£4m, depending on choice of manufacturing route

Business Plan September 2016

Timeline to full commercialisation

Autumn ‘16 Winter ‘17 Spring ‘17 Summer ‘17

Panelsinstalled 4-6 10 10 20

Full scale contract manufacture

orDevelopment of own factory

Business Plan September 2016

Seeks corporate relationships with engineering and micro-grid businesses as well as investment

(Chris Goodall – chris@carboncommentary.com)