Aspen Power, LLC Danny Vines, President October 7, 2010 Aspen Power, LLC • Located in Lufkin,TX • 50 MW direct-fired biomass facility • Utilizing Stoker Technology • Implementing SCR Technology • Will Consume 525,000 tons of biomass/annually Aerial View of Aspen Site Environmental Sustainability • A direct fired 50, megawatt biomass plant reduces carbon emissions 250,000 tons annually • EPA’s target for CO2 emissions = 1,000 units/m3 • Utilizing today’s technology Aspen Power, LLC’s emissions = 15.8 units/m3 • 63.3 X Cleaner than the EPA Standard • Woody biomass is a Carbon-Neutral operation • Manufacturing green-renewable energy creates jobs not exposed to overseas cheap labor - electricity cannot be imported • All plant components are manufactured in the U.S. Majority in Texas Biomass Resource Availability • Logging Debris • Urban/Municipal Wood Waste • Mill Waste • In-Woods Chipping Logging Debris An estimated 8 Billion lbs of Logging Debris in the East Texas Region Logging Debris Cont’d Utilizing logging debris for Bio-energy reduces the need for expensive site preparation Provides additional income to the forest landowner Clearing logging debris speeds reforestation growth Urban Wood Waste •660 lbs/person/year in U.S. •22 Million Texans produce 14.5 Billion lbs/year •Majority of urban biomass is not utilized •Large volumes are sent to landfills at great expense Utilizing Urban Biomass Using urban biomass for Bio-energy production conserves valuable landfill space Saves disposal expense and provides income to cities/counties Utilized Technology/Equipment • John Deere 1490D Wood Energy Harvester • Diamond Z- Grinders • Transportation of Biomass John Deere 1490D Wood Energy Harvester Diamond-Z Grinders Fuel-Handling Site (Aspen) Projected 10 Year Economic Impact (Aspen) • Direct permanent jobs created = 160 • Total indirect jobs created = 245 • Direct & Indirect salaries paid = $151.6 Million • City’s sales Taxable sales gain = $67.8 Million • Plant’s assets on local tax rolls = $95.5 Million • Net benefits for local taxing districts = $12.4 Million Future Project Greenville Energy, LLC • 63 MW Generation Capacity • New renewable energy biomass-fired plant utilizing some assets currently used in a fossil fuel facility • Construction Cost: $80 Million • Primary Financing: Industrial Revenue Bonds • Consume 700,000 tons of biomass on an annual basis • Will Utilize Stoker Furnace/Boiler Technology Greenville Energy Site Greenville Energy Site Development of Biomass Facilities in Rural Texas • Create employment opportunities • Generate tax revenues • Stimulate local economies in rural communities • Diversify the State of Texas’ energy supply • Facilitate the State of Texas in steering away from the dependence of fossil fuels and foreign oil Danny Vines, President Aspen Power, LLC (O) 936 875 5510 (F) 936 875 5510 BIOMASS, GENERATING BENEFITS FOR COMMUNITIES ACROSS TEXAS