This is an initial presentation to introduce potential funders, development partners and other interested parties to E4E, a not-for-profit enterprise. E4E has an immediate working capital requirement of $5 million to achieve its 2013 objectives.
This presentation is intended to provide concept-level information to the reader as a precursor to their agreement to meet with the Founder of E4E, Joel Strickland.
Please like us on Facebook (Electricity4Everyone) and follow us on Twitter (@JoinE4E).
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Electricity 4 Everyone Introduction Deck
1. Electricity4Everyone
This is an initial presentation to introduce potential funders, development
partners and other interested parties to E4E, a not-for-profit enterprise.
E4E has an immediate working capital requirement of $5 million to achieve its
2013 objectives.
This presentation is intended to provide concept-level information to the reader
as a precursor to their agreement to meet with the Founder of E4E, Joel
Strickland.
Please like us on Facebook (Electricity4Everyone) and follow us on Twitter
(@JoinE4E).
www.electricity4everyone.com
2. Founder
Joel Strickland
E: joel@electricity4everyone.com | M: (647) 295-9500
• Founded and operated Buchanan Renewables, an integrated biomass production and power
company in Liberia, West Africa.
Emerging Market • Currently serving on Board of Directors of Feronia, operating in the Democratic Republic of Congo.
Experience • Investigated and implemented pre-development work for comprehensive programs in Cuba, Sierra
Leone, and specific projects in other target countries
• Investigated/identified proven and viable technologies that will work in target countries.
• Establish mission, vision, strategy, structure and launch plan for E4E
• Recruit BoD, Management Team, Advisors
Founder’s Role • Lead fund raising efforts
• Lead transparency efforts
• Lead relationships with Project Developers, Key Players in target countries
• E4E is a registered not for profit Canadian Corporation. Aird & Berlis is corporate counsel.
• Since leaving Buchanan Renewables in 2009, Founder has been working on the formation and
E4E Situational launch of E4E.
Assessment • Relationships established with government officials in Liberia, Sierra Leone, Guinea, DRC and Cuba.
• Relationships established with leaders of several project developers operating in target countries
• Launch projects identified, ready to go!!!
“I want E4E to be my life’s work. Living in Liberia completely changed my worldview and
priorities in life. Access to affordable electricity will have more beneficial impact than
anything else we are doing for these emerging economies.” ( J. Strickland)
3. Electricity4Everyone –
Prosperity From Affordable Electricity
Access to electricity is very limited in emerging economies
When available the rate is 3x to 7x more /kWh than we pay in developed markets
E4E offers rate assistance on electricity for local users. Target rate is similar to what
we pay in developed markets. Governments in developed economies manage
similar programs. Emerging country governments don’t have the financial capacity,
until E4E.
E4E will sustain an initial rate assistance commitment to a project for a minimum of 7
years, to ensure the benefits take root in the local community.
Emerging markets burn diesel or dirty fossil fuels to generate electricity which is
relatively expensive to import, exposes them to global commodity pricing and unlike
biomass which creates local jobs , has no domestic economic multipliers.
Especially in countries close to the equator, conditions exist to establish viable, scalable,
local, green energy programs with proven technologies in biomass and waste2energy.
Solar may also be practical.
E4E is founded on a simple premise: “Why should those in the world’s least developed
economies pay 3x to 7x more for electricity than we pay in North America?”
4. • E4E exists to accelerate the development of projects
that deliver affordable, clean electricity in emerging
economies
Mission
• Clean, affordable electricity for everyone
Impact
•Dramatically and permanently improve the
economic opportunity and standard of living
for everyone
Today’s developed economies were built because of affordable electricity.
There is enough wealth in the world to establish the same foundation for
emerging economies.
5. • Power projects in emerging markets develop too
slowly, if at all, and rely on fossil fuels too often
• There is plenty of expertise, technology and capital available; It is
just not marshaled and deployed efficiently or effectively.
• E4E will work as a financial partner to project developers, providing
needed certainty by guaranteeing the purchase of 10 to 20% of a
projects available output capacity
• E4E will work with sovereign governments to develop revenue
streams they can allocate to capital expenditures that build their
local electricity system
• E4E will work with local communities to sustain growth
Lack of electricity is the root cause
of many chronic challenges
hindering emerging economies.
6. E4E Levers Efforts to Build Capacity in
Education, Health Care and GDP Growth
Electricity is the cornerstone of a modern economy. E4E will be a central organizing
hub for a number of other outstanding capacity building enterprises and movements.
7. Capital Requirements for E4E Ops, E4E Sponsored
Projects and Sovereign Electricity Trusts
1. Working Capital for E4E Core Operations
• The goal is to raise $5 million to hire core management team and identify
10mW of projects in 2013 that will then be commissioned in 2015
2. Project specific capital to finance the “E4E rate assistance gap” in
sponsored projects.
• E4E will guarantee the purchase of 10% to 20% of a project’s output
capacity (ie. 650,000 kWh/year to 1.3 million kWh/year)
• If the project requires a rate of $0.25 /kW hour to be feasible, E4E will
provide rate assistance to fund the $0.15 / kWh gap so that designated
consumers pay only $0.10 /kWh – which is the rate we pay in Toronto
3. Sovereign Electricity Trusts
E4E will work with sovereign governments to develop revenue generating
structures to fund projects. Examples include charging a pure green electricity
fee to tourists, and an electricity royalty to extractors.
E4E’s goal is to commit to support 10Mw of power generation in 2013.
8. 1. Working Capital Requirement for E4E
Core Operations
E4E seeks to raise $5 million in working capital to build the organization to a sufficient
scale in order to process through to a financial close of 10mW of commitments in 2013.
9. 2. Funding the “E4E Rate Assistance Gap”
on Specific Projects
Purchase 10 to 20% of • Technology is risk free for biomass projects from 1 to 20 mW’s scale
available capacity from • Each mW produces 6.5 million kwh (at 80% capacity utilization)
project developer • Guarantee the block purchase of 650k to 1.3 million kWh/mWh
Project Developer has a • Projects achieve financial closure when they have a viable offtake
agreement in place that guarantees a hurdle percentage of the projects
target Rate / kWh output is certain and credit worthy.
necessary to make the • E4E will step in and guarantee to purchase a significant portion of the
project viable available capacity (10 to 20% of the project)
The E4E Rate Assistance • Typically a project in E4E’s target countries can negotiate a purchase price
Gap is the Difference for their output of $0.25 per kWh. THIS COMPARES FAVORABLY TO THE
$0.45 / KWH PRICE OF DIESEL FUELLED POWER GENERATION which
between Price/ kwh is the status quo
Developer requires and • E4E will work with the local community to select eligible customers who will
$0.10 / kwh be charged $0.10 /kWh, and E4E will pay the $0.15/kWh gap
Initial Sponsorship • E4E will raise sufficient funds to pay for 7 years of the E4E Rate Assistance
Commitment is a Gap on selected projects
Sustainable Program for 7 • On a 10mW project, @20% capacity commitment and a $0.15/ kwh gap,
Years E4E will fund a total of $13.650 MILLION over 7 years
E4E accelerates the commission of electricity projects. Funders can support a
specific project that is attractive to their criteria and interests.
10. 3. Structuring and Managing E4E
Sovereign Energy Trusts
Identify Key Decision • Liberia, Sierra Leone, Guinea and DRC
Makers in Target Countries • Cuba, Haiti. Dominican Republic, Jamaica
Structure Trusts to Receive
• Tourism in Caribbean
Funds from Obvious • Extractive Industries in Africa
Sources of Cash Flow
• Each sovereign nation will establish its own fund to support their
Establish Rules and National Electricity Strategy
• Firewall funds so that they are available ONLY for activity that
Management supports the National Electricity Strategy in the designated sovereign
country
CUBA attracts 3 million tourists a year; with a $25 Green Electricity Fee, CUBA could
raise $75 million in desperately needed hard-currency, every year, to build-out a national
green energy powerhouse.
11. E4E Core Values
E4E will fund projects that impact quality of life and economic prosperity.
Our reporting will be transparent and data rich. Our goal is sustainable prosperity.
12. Checks and Balances
1. Project developers must be qualified
2. Project must meet all technical,
1. Project Identification
environmental, social and financial criteria
2. Project Selection 3. By raising project funds for every project, a
rigorous discipline will be enforced and future
3. Project-specific Fundraising projects won’t achieve funding if existing
projects fail
4. Community Alignment 4. On the ground support will focus on
community building and respect traditions,
5. Sovereign Government Policy values and customs
5. Projects will comply with the rules detailed in
6. Project Life-cycle Monitoring national policies
6. Disbursements will be subject to project
developers achieving performance standards
following sustainable livelihoods frameworks
E4E is a big idea requiring constant vigilance, deep analysis, honest
assessment and smart adjustments based on real world results.