Technology I nnovations – Wood Gasifier

1. Whois Motus Energy? • Motus Energy is an EPC and Investment company part of Gruber Logistics Group (www.gruber-logistics.com). The core business of the company is the construction of renewable energy system and biomass trading • Motus Energy is the first EPC contractor that has realized and managed in Italy a combined pellet gasification and CHP Plant providing to the Client as operation warranty a reimbursement of production lack • Motus Energy is the first EPC contractor that has realized a biomass gasification plant obtaining all the authorizations including the emission authorization by Province of Bozen(Provincia di Bolzano, Ripartizione 29, Ufficio aria e rumore, autorizzazione n. 4679, prot. Nr. 366012) e Technology Innovations – Wood Gasifier

2. Management • Dott. Martin Gruber President & Owner, Executive Director of Gruber Logistics Group • Ing. Marco Ferrara Country Manager, responsable of commercial and development activities, more than 100 MWe of experience in renewable energy project, principally in the wind energy sector in Italy • Ing. Matteo Perucci Executive Director, responsable of engineering, project management and procurement, more than 50 Mwe of experience in renewable energy project, principally in the wind, PV and district heating sector in Ireland and Italy Technology Innovations – Wood Gasifier

3. Core business: energy production fromrefinedbiomass • Profitability from an energy plant means: • Production planning with programmable sources • Availability, cost and environment impact of fuels • High efficiency of the production systems • System scalability Technology Innovations – Wood Gasifier INNOVATION OF WOOD GASIFIER

4. Why Innovation? Technology Innovations – Wood Gasifier • Production Planning with programmable sources • No programmable sources (sun, wind) in the renewable energy production system of countries may result critical situations in terms of electrical grid stability in long term period • In Italy recently  The electrical authority can disconnect arbitrary no programmable plant for safety grid reasons = loss of profitability

5. Why Innovation? • Availability, cost and enviroment impact of fuels Technology Innovations – Wood Gasifier FUELS COSTS PALM OIL RAPS OIL OSBNW* WOOD ENVIROMENT IMPACT NATURAL GAS WASTE LPG OIL COAL * Othersoildbiomass no wood

6. Why Innovation? • High efficiency of the production system • Scalability of the system Technology Innovations – Wood Gasifier SYSTEM EFFICIENCY COMBINED CYCLE STEAM TURBINE GAS TURBINE DIESEL CYCLE + ORC SYSTEM SCALABILITY ORC DIESEL CYCLE OTTO CYCLE

7. Why Innovationof Wood gasifier? • Possibility to use low cost and low impact fuel, with high availability in an high efficiency/scalability system Technology Innovations – Wood Gasifier • Low cost fuels  savings during purchasing and plant operation • Availability of fuels  warranty of supply • Low environment impact  accepted from local communities • High efficiency  more electrical production  higher revenues • High scalability  easier authorization path, localization near final users, saving of electrical losses

8. Whygasifier? Wood is a solid fuel. If we want use it in a Diesel system we need gas or liquid state Technology Innovations – Wood Gasifier Wood fuel? All fuels have to be refined, because energy production systems need stable input Stable Input = simplier processes  lower investment costs Wood Cips (Not Fully refined) Wood Pellet (Fully refined)

9. Cips or Pellet Wood? Wood -------- Refining1 -------- > Wood Cips ----- Refining2 ------> Wood Pellet Technology Innovations – Wood Gasifier (solid state) (solid state) Refining3 (gas state) Refining4 (gas state) Gas ready for Diesel Engine Refining4 (gas state) Refiningphase 2 = Refiningphase 3 butsolidprocesscostslessthan gas process Pelletusingispreferable

10. General technicaldetails of oursystem • Modules of 199 kWp – 270 kWt (32% electrical efficiency) • Man diesel engine + turbine on exhausted gas • Assembled system, fast installation • Feed with wood pellet or other selected biomass (new development) • Low emissions level compatible with Italian law (DM 6 luglio 2012, art. 8 comma 7-allegato 5) • Possibilities to combine modules in order to increase the power • High availability of the system (> 7.500 hours guaranteed) Technology Innovations – Wood Gasifier Other system infos • Production warranty with an O&M contract • Approved by more than one primary credit institutes in Italy • Investment of Motus Energy / Gruber Logistics group in new plant during year 2012: around 7 milion € (first plants in Italy) • 80 modules already installed in Europe (Germany and Italy) at march 2013, 3 years track record

11. General financial / risks management Technology Innovations – Wood Gasifier • Full EPC costs  (4,9 – 6,1 mln € / MWp) depends by specific site/n. modules • Investment costs / EBITDA  5-6,5 years depends by specific site/heating using • Risk of fuel supply  Motus is fully connected to Gruber Logistics Group, an international company, and has agreements with different large biomass producers • Risk of fuel price  pellet is a commodity with low inflation risk • Risk of fuel price  warranty price for a defined period • Risk of fuel price  partial compensation by heat contract updates • Risk of plant stop by authorities  biomass is a programmable source

12. References • 2012 • Auer (BZ) – Gruber Logistics headquarters • Type of plant: CHP Biomass gasification + district heating (200 m) • Client: Gruber Invest Srl • Power: 400 kWp • Commissioning: May 2012 • Freienfeld (BZ) – Reifenstein industrial area • Type of plant: CHP Biomass gasification + district heating (1,5 km) • Client: Thermo Reifenstein Srl (Motus Energy / Gruber Logistics Group / Intercom) • Power: 995 kWp • Commissioning: Dec 2012 Technology Innovations – Wood Gasifier

13. Construction/Development pipeline • 2013 • Reggio Emilia (RE) • Type of plant: CHP Biomass gasification + district heating • Client: L’OvileScrl • Power: 199 kWp • Commissioning: Sep 2013 • Different locations South Tyrol / Veneto / Emilia • Type of plant: CHP Biomass gasification + district heating • Client: District heat public utility, industrial companies and private hospitals • Power: 199 kWp • Number forecasted: 7 • Commissioning: Dec 2013 – Feb 2014 Technology Innovations – Wood Gasifier

14. Development pipeline • 2014 • Differentlocations South Tyrol / Veneto / Emilia • Typeof plant: CHP Biomassgasification + districtheat • Client: Districtheat public utility, industrial companies and private hospitals • Power: 199 kWp • Numberforecasted: 20 • Commissioning: May-Dec 2014 Technology Innovations – Wood Gasifier Forecastbiomass trading 12,000 tonnes (9,000 woodpellet / 3,000 otherbiomass) 50,000 tonnes (40,000 woodpellet / 10,000 otherbiomass) 100,000 tonnes (75,000 woodpellet / 10,000 otherbiomass)

15. Future development Technology Innovations – Wood Gasifier • Small RenewableProjects • Improvement of gasification tecnology • new biomass sources • combination with other heating technologies • optimization of the management of the plant • gasification reaction • Reducing of interval stops

16. Thanks for yourattention. Questions? Gruber Invest Srl / Motus Energy Srl Marco Ferrara c/o Via Nazionale 75, 39040 Ora (BZ) ITALY marco.ferrara@gruber-logistics.com Technology Innovations – Wood Gasifier