1) Brendan McGrath is the CEO of Gaelectric, an Irish renewable energy and energy storage company active in Ireland and the US with a pipeline of over 1,600MW of wind and transmission projects. 2) Gaelectric is developing compressed air energy storage (CAES) and other energy storage technologies to integrate renewable energy and provide flexible capacity. Modeling shows CAES can reduce emissions, costs and renewable curtailment. 3) Gaelectric is exploring offshore wind and compressed air energy storage opportunities in Ireland, with the goal of demonstrating technologies and exporting renewable energy to Europe through undersea interconnectors.

1. ‘DOING THE DEAL’ ...The role of the developerBrendan McGrath C.E.O of Gaelectric1

2. Gaelectric Holdings Plc Irish company

3. Renewable energy and energy storage

4. Active in; Ireland – North and South USA – Montana Leading proponent of Energy Storage - CAES, Gas Storage & Flywheel

5. Significant development work being undertaken in the EU & US

6. Raised €35m to date – August 08 €25m funding round valued business at €133m2

7. Business Structure3

8. Irish OperationsNorthern Ireland pipeline of 200MW 87MW with planning by Q3 2010Republic of Ireland pipeline of 70MW – 56MW with planning and Gate 2 or Gate 3 positions

9. Will be connected to the grid in accordance with government schedule4

10. Montana Portfolio - largest owner of wind resource Gaelectric sitesCouttsLibertyTiger RidgeGood WindFrenchman’s RidgeMATLExcellent WindRoyTransmission lineGreen LineGeyser Transmission solutions focus on optionality Wind measurement program

11. Targeting 1,600MW “shovel ready” by 2013 1,000MW with transmission

12. Capacity factors +40% Colstrip 500kVHarlowtonKelly HillsLennepMSTIChinook

13. Six Elephants in the Energy BusinessStoryTurbine SupplierFinanceStateTransmissionUtilityRegulator‘Gaelectric’s View of The Energy Market’ 6

14. The fable of the mouse and the elephant…Harmony in the Forest7

15. ElephantsArrival8

16. ElephantsCreateHavoc9

17. CEOElephantMeetsCEOMouse10

18. ElephantsAbideby newProtocol11

19. Hunters Arrive‘NewMarketEntrants’12

20. ElephantsSnaredin RedTape13

21. MiceCome ToTheRescue14

22. ElephantAgreesFutureCo-operation15

23. Lessons Learned Throwing your weight around wins you few friends

24. Cooperation brings unexpected rewards

25. Big is good, but quick is better