Lattice Energy LLC Company Vision-September 11 2011

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Lattice Energy LLC's company vision of commercializing Low Energy Nuclear Reactions (LENRs): what key milestones remain and why are we doing this? It's not just about money.

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  • Dear Readers:

    In the 11 nontechnical MS-PowerPoint slides found in this presentation dated September 11, 2011, Lattice Energy articulates its vision for commercializing Low Energy Nuclear Reactions (LENRs): we explain what key technical and business milestones remain and why are we doing this. It is not just about money --- this task is important for many reasons --- it even transcends countries.

    If commercialization can be successfully achieved, widespread global deployment of safe ‘green’ LENR-based thermal sources and power generation systems could, over time, eventually transform the world. Specifically, mobile LENR-based power systems could potentially replace internal combustion engines over the next 30 - 60 years, thus enabling reduction of CO2 emissions and eventual “energy independence” from petroleum.

    Huge increases in global energy demand are possible throughout foreseeable future; use of fossil fuels unlikely to end any time soon – if global standards of living are to continue rising in near-term, increasing rates of global economic growth will require every bit of available energy that can possibly be produced:

    In a recently released Lattice SlideShare presentation, we showed how increases in per capita GDP by country are directly and inextricably tied to parallel increases in per capita use of energy:

    Source URL = http://www.slideshare.net/lewisglarsen/population-growth-decelerating-faster-than-expected-consequences-for-next-50-yearslarsenexcerptaug-29-2011

    What is clear from the data is that given the potential strength in global energy demand over the next 40 – 50 years (unless it is rationed-off and reduced by incredibly high energy prices) with continued growth in global per capita GDP and standards of living, humanity broadly writ will need all the energy it can possibly extract from any and every source that can be found and utilized.

    Thus, as oil industry author Robert Bryce has repeatedly noted, even with ASAP deployment of an array of new carbon-free energy technologies, it will likely be a very long time before the world economy can afford to stop using any fossil fuels to help avert the possibility of climate-related environmental disasters.

    LENRs and oil industry are synergistic, not competitive – together can provide a technologically and economically smooth transition from today’s Age of Oil to the 21st century Age of Carbon-free Energy:

    At first glance, one might naively assume that LENRs represent a strategic threat to the global oil industry. Au contraire, upon closer examination it becomes apparent that exactly the opposite is true: LENRs are instead synergistic and represent a strategic technology opportunity for oil companies.

    By investing and participating in co-development of LENRs for use in ultra high performance, compact, low cost thermal energy emission systems, large oil producers could potentially maximize extraction and % recovery of the (mostly) heavy oil that remains in-ground worldwide (which would presumably reduce companies’ production costs and substantially increase their total operating profits over time), while at the same time drastically reducing the CO2 emission ‘footprint’ of the oil industry (e.g., eliminate burning of natural gas to make steam for injection into viscous bitumen or heavy oil deposits; drastically reduce burning of fossil fuels to generate heat for downstream refining processes). This amazing synergy is alluded to on Slide #6 “Potential market applications for LENRs; first targets” in the new Company Vision document; the use of heat to unlock remaining deposits of heavy oil is well-explained in the Wall Street Journal article, “Facing up to the end of easy oil,” by John Donovan referenced down below my name.

    In addition, on BTUs-released basis a commercialized version of Lattice's LENR process could potentially produce ~5 million times more energy from polycyclic aromatic hydrocarbon fractions (PAHs - commonly found in bitumen) compared to using those same fractions as chemical feedstock or further processing them into vehicular fuels (after the aromatic benzene rings are 'cracked'). This virtuous possibility can occur because LENRs release MeVs of energy, versus eVs released during ordinary chemical processes. This potential future opportunity is outlined in Slides #57- 59 in the following SlideShare presentation:

    “Lattice Energy LLC - Technical Overview - PAHs and LENRs” November 25, 2009” [61 slides]
    Source URL = http://www.slideshare.net/lewisglarsen/lattice-energy-llctechnical-overviewpahs-and-lenrsnov-25-2009

    In the technology co-development scenario outlined above, oil producers would also acquire joint ownership stakes in a licensable body of proprietary intellectual property that would likely be applicable to LENR-based power generation systems used in portable, small distributed stationary, mobile (vehicular), and central station plant applications. In that case, rather than resisting global proliferation of carbon-free LENR technology, oil companies would have strong long-term financial incentives to embrace it.

    Parting conclusions, strategic opportunities, and speculations about the future:

    Taking a long-run view, LENRs appear to be synergistic with Big Oil, not competitive. If the oil industry invested and directly participated in ‘ground floor’ development of cost-effective, LENR-based thermal sources for use in various key aspects of their upstream and downstream operations, it could help improve their long-term operating earnings and minimize Schumpeterian economic disruption in the energy sector. That would in turn help facilitate a technologically and economically smoother transition from today’s Age of Fossil Fuels and Oil to the 21st century Age of Carbon-free Energy.

    Assuming that use of fossil fuels gradually winds down over the next 30 - 60 years, contemporaneous widespread global deployment of LENR technologies, together with synergistic large- and small-scale photovoltaic and wind-power systems, could create a less expensive, ‘greener’ energy future for humanity. At the end of the technological transition, LENRs along with other carbon-free technologies could potentially to democratize access to affordable energy for every inhabitant of the planet.

    Questions are welcome.

    Thank you.

    Lew

    ************ Reference **************

    “Facing up to the end of ‘easy oil’ “
    John Donovan
    The Wall Street Journal, May 24, 2011
    Source URL = http://online.wsj.com/article/SB10001424052748704436004576299421455133398.html

    Quoting selected excerpts directly from John Donovan’s WSJ article:

    Heavy oil, although difficult to pump, is abundant. The Middle East alone is believed to hold some 78 billion barrels of heavy oil that is currently recoverable, more than three-and-a-half times the U.S.'s total reserves.

    The U.S. Geological Survey estimates there are some three trillion barrels of heavy oil in the world, about 100 years of global consumption at current levels. The catch: Only a fraction of it—about 400 billion barrels—can be recovered using existing technology. New techniques like the ones being tried in Wafra [Larsen comment: e.g., injection of hot steam produced by burning natural gas aboveground and/or using various types of in situ bore-hole heaters and/or doing some upgrading and partial refining underground before final pump-out] could unlock more.

    'When people talk about how we're 'running out of oil,' they're not counting the heavy oil,' says Amy Myers Jaffe, who runs the Energy Forum at Rice University's Baker Institute for Public Policy in Houston. 'There's a huge amount of resource there…It's just a question of developing the technology.'

    To get to Wafra's [in Saudi Arabia] thick oil, workers are injecting steam into the ground to heat the oil and make it less viscous, allowing it to flow to the surface. The technique is tricky, expensive and unproven in the type of rock that holds Wafra's oil.

    That [existing] oil [now being extracted] is the easy-to-pump stuff. The bigger prize: Wafra's 25 billion barrels of heavy oil.

    Chevron is conducting what amounts to a four-year, $340 million test in a small corner of Wafra. Oil, like molasses, thins when heated. Large silver pipes carry 600-degree-Fahrenheit steam underground, flooding the oil-rich rock. Nearby, a grid of pumps pulls up the oil.

    So far, the results have been encouraging. As of November, the wells were producing 1,500 barrels per day, seven times what they produced before steam injection began in 2009.

    An even bigger challenge is getting the two crucial elements for generating steam: water and a source of energy to boil it. Most successful steam projects are in places with easy access to relatively pure water and a cheap fuel source, usually natural gas. Saudi Arabia and Kuwait have little of either.

    With no fresh-water sources in the Arabian desert, Chevron has been forced to use salt water found in the same underground reservoirs as the oil. That water is full of contaminants that must be removed before it can be boiled and injected into the ground.

    Finding the energy to boil the water will be even tougher. Chevron could use oil instead of natural gas—literally burning oil to produce oil—but that would burn profits, too. So the company likely will be forced to import natural gas from overseas, an expensive process that involves chilling it to turn it into a liquid, then shipping it thousands of miles.

    Some experts are shaking their heads.

    ************ END QUOTES **************
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Lattice Energy LLC Company Vision-September 11 2011

  1. 1. Lattice Energy LLC Commercializing a Next-Generation Source of Safe Nuclear Energy Low Energy Nuclear Reactions (LENRs) Company VisionWhat key milestones remain and why are we doing this? Lewis G. Larsen President and CEO September 11, 2011 “Energy, broadly defined, has become the most important geostrategic and geoeconomic challenge of our time.” Thomas Friedman New York Times, April 28, 2006 Contact: (312) 861 – 0115 lewisglarsen@gmail.com http://www.slideshare.net/lewisglarsenSeptember 11, 2011 Copyright 2011 Lattice Energy LLC All Rights Reserved 1
  2. 2. Lattice Energy LLC Where are we at with LENR device technology today?Understanding of the physics is vastly better than in 1989  Back In 1989, many thought LENRs were some form of “cold fusion”  They were wrong: thanks to Widom-Larsen (WLT) theory we now know that unique features of LENRs involve “weak interaction,” not “strong interaction” fusion (hot, cold, warm, or otherwise) or fission  WLT explains exactly how LENRs are clean and ‘green,’ i.e., why there are no deadly emissions of ‘hard’ gamma photon radiation, fluxes of dangerous energetic neutrons, or long-lived radioisotopes  As of today, we have published the non-proprietary, basic physics of LENR devices in two mainstream peer-reviewed journals (2006, 2010)  While competitors may still be struggling to understand basic science issues in LENRs, after 10 years of effort Lattice is finally ready to apply its proprietary knowledge of LENRs and initiate a device engineering program to build high performance heat sourcesSeptember 11, 2011 Copyright 2011 Lattice Energy LLC All Rights Reserved 2
  3. 3. Lattice Energy LLCWhat milestones remain for commercialization of LENRs?There are several: include capital, hard work, and partners  Lattice needs at least US$25 million to begin prototype device engineering program; establish secure R&D facility in Chicago area  Two-track parallel development of device embodiments suitable for small heat sources (engineered ‘target’ nanoparticles affixed to substrate surfaces) and extraordinarily scalable large heat sources (injection of ‘fuel’ nanoparticles into highly organized dusty plasmas)  After that, cost-effective, long lived LENR-based power generation systems must be engineered, scaled-up in power output, manufactured in high unit volumes at reasonable cost, and sold at prices that equate to at least 10x better price/performance vs. competing energy sources  Large strategic corporate partners will also be needed to leverage LENR-based systems into large array of important market applicationsSeptember 11, 2011 Copyright 2011 Lattice Energy LLC All Rights Reserved 3
  4. 4. Lattice Energy LLC Is commercialization of LENRs a certainty yet? No, and it won’t necessarily be easy - but We will never know whether it is possible if we don’t try Quoting from a speech given by U.S. President John F. Kennedy at Rice University back in 1962, “We choose to go to the Moon in this decade and do the other things, not because they are easy - but because they are hard. Because that challenge is one we are willing to accept, one we are unwilling to postpone and one we intend to win.”Science of LENRs is real: somebody, somewhere, will do thisSeptember 11, 2011 Copyright 2011 Lattice Energy LLC All Rights Reserved 4
  5. 5. Lattice Energy LLCHow long to commercialize LENRs; for what applications? Our thinking on this subject as of today Goal of planned US$25M engineering program is to produce system- level prototype LENR heat sources within 2-3 years of full funding Results achieved with two different types of device prototype embodiments (‘target’ nanoparticles affixed to substrate surfaces vs. nanoparticle injection into dusty plasmas) will determine next set of engineering goals. If both approaches deemed successful, will continue on two tracks toward both small- and large-scale commercial systems Upon successfully reaching this milestone, final time-to-market will be determined by: availability of needed capital; whether any surprises have arisen in scale-up engineering or product safety; and Lattice’s ability to secure large strategic corporate R&D and marketing partners who can further accelerate product development and market penetration Possible first products include 3-5 kW standalone stationary electrical power generation systems and bore-hole heaters for oil & gas industrySeptember 11, 2011 Copyright 2011 Lattice Energy LLC All Rights Reserved 5
  6. 6. Lattice Energy LLC Potential market applications for LENRs; first targets Applications Description Target Markets Scale-up and integrate LENR heat sources w. LENRs enable safe, ‘green’ carbon-free SAFE - no radiation shielding or different energy conversion technologies: nuclear energy production and power nuclear waste issues; could also e.g., develop portable battery-like devices generation at reasonable cost - eventually enter portable power using thermoelectrics that can convert raw Vastly greater energy densities and markets and compete directly heat directly to DC electricity; or, use heat to First Targets longevity at a lower price per kWh against chemical batteries, small rotate a shaft for propulsion (e.g., Stirling or compared to chemical power sources fuel cells, and microgenerators modern steam engines in motor vehicles) Bitumen extraction, heavy oil recovery, Use bore-hole LENR thermal sources to heat- Major benefit to large oil and/or oil shale processing up bitumen or heavy oil underground: reduce producers – can help increase According to Prof. K. Deffeyes of production costs, enhance recovery; could long-term supplies of oil and Princeton University, about 2/3 of oil use LENR heaters for in-situ underground reduce total production costs as remaining in the ground worldwide is upgrading and downstream process heat well as CO2 ‘footprint’ classified as ‘heavy’ Develop much cleaner fission power Design new types of LENR-based subcritical Retrofit new ULM-neutron generation technologies fission reactors that can burn existing reactors into existing nuclear Potential Long-term Opportunities Use LENRs and ultra low momentum fissionable fuels down to stable isotopes – fission power systems; much neutrons (ULMs) for triggering fission little or no long-lived radioactive wastes better safety and lower costs Nuclear waste treatment Develop turnkey systems for on-site clean-up Nuclear waste remediation and Transmute dangerous radioactive of existing worldwide inventories of fission clean-up – opportunities in many nuclear waste using LENRs; generate wastes from nuclear power plants countries, e.g., US, France, additional power from waste burn-up Japan, China, etc. Transmutation of stable elements Use LENRs to transmute less expensive Mostly target precious and rare Produce almost any very valuable elements into much more valuable ones – metals production, e.g., element or isotope in the periodic table first do it abiologically; later migrate to platinum, gold, rhodium, rare at competitive costs compared to methods using various species of genetically earth elements, etc present mining and refining operations engineered bacteriaSeptember 11, 2011 Copyright 2011 Lattice Energy LLC All Rights Reserved 6
  7. 7. Lattice Energy LLCWhat is market strategy once LENRs are commercialized?Could potentially have immense impact on energy markets  Over time, plan to ride down manufacturing experience cost curve; similar to build-cost reduction and market penetration strategies used by electronics manufacturers; e.g., microprocessors, memory chips, PCs, and cellphones  As product manufacturing experience accumulates and internal build costs are progressively reduced, leverage enormous energy density/longevity advantages of LENRs (>million times larger than chemical); price LENR-based systems to drastically undercut price/performance provided by competing thermal sources and chemically-based power generation systems --- this strategy can be applied to portable, distributed stationary, mobile, and central station power markets  Potential to gradually replace internal combustion engines over 30 - 60 years; enable reduction of CO2 emissions and “energy independence” from petroleum  Widespread global deployment of LENR technologies, together with synergistic large- and small-scale photovoltaic and wind-power systems, could create a less expensive, greener energy future for humanity. LENRs and a portfolio of other types of carbon-free energy technologies have the potential to democratize access to affordable energy for every inhabitant of the planet September 11, 2011 Copyright 2011 Lattice Energy LLC All Rights Reserved 7
  8. 8. Lattice Energy LLC Why are we doing this? It’s not just about money Because it is important - it transcends countries “No single solution will defuse more of the Energy-Climate Era’s problems at once than the invention of a source of abundant, clean, reliable, and cheap electrons. Give me abundant clean, reliable, and cheap electrons, and I will give you a world that can continue to grow without triggering unmanageable climate change. Give me abundant clean, reliable, and cheap electrons, and I will give you water in the desert from a deep generator-powered well. Give me abundant clean, reliable, and cheap electrons, and I will put every petrodictator out of business. Give me abundant clean, reliable, and cheap electrons, and I will end deforestation from communities desperate for fuel and I will eliminate any reason to drill in Mother Nature’s environmental cathedrals. Give me abundant clean, reliable, and cheap electrons, and I will enable millions of the earth’s poor to get connected, to refrigerate their medicines, to educate their women, and to light up their nights.” Thomas Friedman in “Hot, Flat, and Crowded” 2008 page 186September 11, 2011 Copyright 2011 Lattice Energy LLC All Rights Reserved 8
  9. 9. Lattice Energy LLC Six articles about LENRs written for a general audiencePublished by Institute of Science in Society (London, UK) “Low energy nuclear reactions for green energy - how weak interactions can provide sustainable nuclear energy and revolutionize the energy industry" November 13, 2008 http://www.i-sis.org.uk/LENRGE.php “Widom-Larsen theory explains low energy nuclear reactions & why they are safe and green - all down to collective effects and weak interactions" December 4, 2008 http://www.i-sis.org.uk/Widom-Larsen.php “Portable and distributed power generation from LENRs - power output of LENR-based systems could be scaled up to address many different commercial applications" December 10, 2008 http://www.i-sis.org.uk/PortableDistributedPowerFromLENRs.php “LENRs for nuclear waste disposal - how weak interactions can transform radioactive isotopes into more benign elements" December 11, 2008 http://www.i-sis.org.uk/LENR_Nuclear_Waste_Disposal.php “Safe, less costly nuclear reactor decommissioning and more - how weak interaction LENRs can take us out of the nuclear safety and economic black hole" January 26, 2009 http://www.i-sis.org.uk/safeNuclearDecommissioning.php “LENRs replacing coal for distributed democratized power - low energy nuclear reactions have the potential to provide distributed power generation with zero carbon emission and cheaper than coal” January 27, 2009 http://www.i-sis.org.uk/LENRsReplacingCoal.phpSeptember 11, 2011 Copyright 2011 Lattice Energy LLC All Rights Reserved 9
  10. 10. Lattice Energy LLC Technical papers on Widom-Larsen theory of LENRs “Ultra low momentum neutron catalyzed nuclear reactions on metallic hydride surfaces” Eur. Phys. J. C 46, pp. 107 (March 2006) Widom and Larsen – initially placed on arXiv in May 2005 at http://arxiv.org/PS_cache/cond-mat/pdf/0505/0505026v1.pdf; a copy of the final EPJC article can be found at: http://www.newenergytimes.com/v2/library/2006/2006Widom-UltraLowMomentumNeutronCatalyzed.pdf “Absorption of nuclear gamma radiation by heavy electrons on metallic hydride surfaces” http://arxiv.org/PS_cache/cond-mat/pdf/0509/0509269v1.pdf (Sept 2005) Widom and Larsen “Nuclear abundances in metallic hydride electrodes of electrolytic chemical cells” http://arxiv.org/PS_cache/cond-mat/pdf/0602/0602472v1.pdf (Feb 2006) Widom and Larsen “Theoretical Standard Model rates of proton to neutron conversions near metallic hydride surfaces” http://arxiv.org/PS_cache/nucl-th/pdf/0608/0608059v2.pdf (v2. Sep 2007) Widom and Larsen “Energetic electrons and nuclear transmutations in exploding wires” http://arxiv.org/PS_cache/arxiv/pdf/0709/0709.1222v1.pdf (Sept 2007) Widom, Srivastava, and Larsen “Errors in the quantum electrodynamic mass analysis of Hagelstein and Chaudhary” http://arxiv.org/PS_cache/arxiv/pdf/0802/0802.0466v2.pdf (Feb 2008) Widom, Srivastava, and Larsen “High energy particles in the solar corona” http://arxiv.org/PS_cache/arxiv/pdf/0804/0804.2647v1.pdf (April 2008) Widom, Srivastava, and Larsen “A primer for electro-weak induced low energy nuclear reactions” Srivastava, Widom, and Larsen Pramana – Journal of Physics 75 pp. 617 (October 2010) http://www.ias.ac.in/pramana/v75/p617/fulltext.pdfSeptember 11, 2011 Copyright 2011 Lattice Energy LLC All Rights Reserved 10
  11. 11. Lattice Energy LLC Our final thoughts The Gordian knot facing humanity is not that our world will ever run- out of energy per se in the foreseeable future. Between global coal reserves and electromagnetic energy in the form of endless photons streaming from the sun there is more than enough energy to be had for whatever purpose. Energy availability, in the broadest possible sense, is not the Gordian knot. The Gordian knot is that worldwide consumers of energy need to have technologically usable, reasonably priced energy delivered to the right place at exactly the right time in forms that are environmentally benign and readily compatible with sustainable, long-term global economic growth. Lattice Energy LLC White Paper, April 12, 2010September 11, 2011 Copyright 2011 Lattice Energy LLC All Rights Reserved 11

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