9. Primary Market for Tidal Hydrogen To supply the energetic requirements of thousands of vessels moved over thousands of kilometres. Fuel Replacement: a prosperous market and attractive R.O.I. Revenues generated from the replacement of fossil fuel in ships will exceed those that could be generated by the conversion of Tidal power into electricity. Transportation infrastructure and costs associated with T idal hydrogen are minimal compared to those associated with T idal electricity. Cost-efficiency: larger boats, shorter distances, cheaper fuel will attract operators and commitments. The prospect of stable long - term production costs and immediate access to captive markets, will draw funding from venture capital, private funding and public funding. S eanergy is market - driven

13. CONTACT Stefan Bumbaru Proposer Montréal, Quebec, Canada t 514.884.6086 @ [email_address] NERGY S E A