Introducing the Generating Renewable Energy Category

1. “GENERATING RENEWABLE ENERGY” TRACK
CLEANTECH INNOVATE – MARCH 20, 2018
Ben Lynch
Founder & Managing Partner
Tel.: +44 7852 211 278
ben.lynch@cleantechcapitaladvisors.com

2. LEVELISED COST OF ENERGY – THEN (2010)
2
Source: Ben Lynch
0
5
10
15
20
25
30
35
Coal-fired
Naturalgas
Geothermal
Nuclear
CSP
PV
Solidwaste
Biomass
Landfillgas
Wind
Traditional Renewable
0
10
20
30
40
50
2008
2010
2012
2014
2016
2018
2020
2022
2024
2026
2028
2030
2032
2034
2036
2038
2040
2042
2044
2046
2048
2050
Electricity - retail
Electricity - wholesale
Photovoltaic
Wind
350
300
250
200
150
100
50
0
500
400
300
200
100
0
LCOE comparison [US$/MWh] LCOE trend [US$/MWh]

3. LEVELISED COST OF ENERGY – NOW (2018)
3
Source: Lazard
Renewable
Conventional

4. CLEAN ENERGY INVESTMENT(1) – WORLDWIDE [$BN]
4
https://www.ishares.com/uk/individual/en/products/251753/ishares-
global-government-bond-ucits-
etf?siteEntryPassthrough=true&locale=en_GB&userType=individual
Source: Bloomberg New Energy Finance
1) Asset finance, Distributed generation, Public markets, VC/PE
Note:
Energy smart technologies: digital energy, smart grids, power storage, hydrogen & fuel cells, advanced transportation, energy efficiency (demand & supply side)
Other renewables: small hydro (< 50MW), marine energy generation
400
350
300
250
200
150
100
50
0

5. CLEAN ENERGY INVESTMENT(1) – UK [$BN]
5
https://www.ishares.com/uk/individual/en/products/251753/ishares-
global-government-bond-ucits-
etf?siteEntryPassthrough=true&locale=en_GB&userType=individual
Source: Bloomberg New Energy Finance
1) Asset finance, Distributed generation, Public markets, VC/PE
Note:
Energy smart technologies: digital energy, smart grids, power storage, hydrogen & fuel cells, advanced transportation, energy efficiency (demand & supply side)
Other renewables: small hydro (< 50MW), marine energy generation
30
25
20
15
10
5
0

6. RENEWABLE ENERGY GENERATION – WW TECH $$
6
https://www.ishares.com/uk/individual/en/products/251753/ishares-
global-government-bond-ucits-
etf?siteEntryPassthrough=true&locale=en_GB&userType=individual
Source: CB Insights

7. RENEWABLE ENERGY GENERATION: TOP VCS
7
Source: CB Insights

8. SO WHAT WENT WRONG?
8
Source: Cleantech Capital Advisors
ChinaPolitics
Financial
Crisis
Oil Price
Too
Successful
Limited
Exits
Bankruptcies
Over-
Hyped
Shale
Gas

9. RENEWABLE ENERGY GENERATION: HYPE CURVE
9
Source: Gartner Group; Cleantech Capital Advisors
Plateau of Productivity

10. INVESTORS HAVE MOVED ON
10
Materials
Components
Systems
Software
Services
Hardware
Business
Model
2005-2010 2011-2015 2016+
“Cleantech 1.0” “Cleantech 2.0” “Cleantech 3.0”
Investor interest moving from narrow/broad vertical focus to horizontal enablers
Source: Cleantech Capital Advisors

11. SO: FUNDING YOUR REG COMPANY?
11
Source: Cleantech Capital Advisors
Software-
enabled
Alignment
with CVC
Niche
segment
Bootstrap /
Grants
Component
/ Material
Strong
Execution
Services Outsource
Production
…..

12. WHO WE ARE (CLEANTECH CAPITAL ADVISORS)
12
Expertise in Cleantech and Resource Efficiency
 Corporate finance advisory firm providing Strategic, Capital Raising and M&A (buy/sell) advice
 Despite sector challenges, CCA was established with the conviction that there is a large number of very exciting
emerging companies and investment opportunities in the space
 25+ years global technological, industry, strategy & financial experience in Cleantech & Resource Efficiency
 Focus on equity (enabling technologies)
Strong relationships with cleantech investors and industry participants
 Key relationships with international cleantech / resource efficiency oriented public equity, private equity,
venture capital, senior debt and project finance investors
 Longstanding relationships with leading corporate participants (pure-play, conglomerates)
 Based in London City but counterparty reach and transaction experience in Continental Europe (opening Paris
office during 2018); CCA can also project clients into other geographies
Senior-level dedicated attention throughout transaction process
 Clients receive dedicated attention of a senior CCA executive throughout the entire process
 CCA can fully prepare our client with all relevant sales and marketing materials, including teasers, management
presentations, information memoranda, models, roadshow coaching and rehearsals, and due diligence review
materials that are ready for a potential counterparty
Putting our clients first
 We provide a full suite of advisory services from pre transaction to closing. You can choose only the tasks you
need or have the entire process managed seamlessly
 CCA uses its extensive knowledge of relevant and active cleantech-oriented investors & corporates to ensure its
clients find the best strategic and financial outcome

13. 13
Dedicated to Cleantech & Resource Efficiency growth
Ben Lynch
Managing Partner
Tel.: +44 7852 211 278
ben.lynch@cleantechcapitaladvisors.com
Skype: ben.lynch-jbl
London
15 Old Bailey
London EC4M 7EF
Paris
38 Boulevard Marbeau
75116 Paris