Ideas for investing towards

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Ideas for investing towards a sustainable
future Presentation March 29, 2007
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Introduction

• Sustainable Technologies Fund is a private equity
  growth fund.
• We seek investment opportunities in what we call
  Sustainable Technologies, also referred to as
  Clean Technologies or Cleantech.
• We invest in small and medium sized growth
  companies in Europe with a special focus on the
  Nordic countries.

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Why Now?
Oil Prices 2004-2006

• High and volatile
• energy prices
• Resource security
• Global Climate Change
• Rapidly Developing
• Countries
• Technological
• improvements

CO2 Concentrations
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Growing Investment Category
Source New Energy Finance
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Why Nordic Countries?

• World leaders in many Sustainable Technology
  fields
• Wind, solar and wave
• Bio fuels
• Geothermal/Heat pumps
• District heating/cooling
• Energy efficiency
• Recycling
• Purification

Country rankings according to the 2005
Environmental Sustainability Index (ESI) World
Economical Forum and OECD

• Long consistency in political initiatives to
  support growth
• The 4 most active acquirers of Sustainable
  Technology companies worldwide are German and
  Swedish (ABB, Danaher and Siemens)
• Large pool of small- and medium sized Sustainable
  Technology companies

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An exciting field Micro CHP

• Point of use electricity generation and waste
  heat capture
• Provides close to 100 energy efficiency
• Replaces conventional heating,cooling and
  electricity suppliers
• Acts as a buffer to an existing grid
• Doesnt need a grid in the first place
• Low cost way to meet part of the demand for
  developing economies

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Case Study Swedish Company X

• Specialized in burning high humidity and low ash
  melting point fuels
• Can accept a wider variety of fuels, including
  Low Grade Biomass
• Convert local residues to el and heat
• Low emissions
• Better economics

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What is missing today?

• A broadly shared understanding of how to define
  the goal
• EgThe Natural Step System Conditions
• Useful disciplines
• EgBiomimicry, Cradle to Cradle
• Smart policy to match smart investments
• EgEl grid reform, carbon tax
• Not only possible, but necessary