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CONVERTING BIOMASS INTO CLEAN AND

AFFORDABLE ENERGY

TECHNOLOGY DESCRIPTION

NEW JERSEY PRESENTATION

FEBRUARY 29, 2012

© 2012. AGRIPOWER, INC. ALL RIGHTS RESERVED.

New Jersey Biomass Opportunity

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• Renewable Energy Incentive

Program (REIP) provides rebates

for sustainable biomass

• Ranges between 1000-3000/kW

depending on project size and

application

• Higher incentives for cogeneration

systems like AgriPower

• Must be sustainable biomass

Creates New Technology Opportunities

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AgriPower technology provides

• Distributed biomass combustion – brings the plant to the fuel

• Economics from disposal of waste

• Diversified fuel capability – combust a range of indigenous fuels

• Compliance with New Jersey environmental standards – 2nd only

to California

• Combined heat and power solutions – high efficiency systems

• Customized to meet customer requirements

• “Best in class” components

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Combustion Chambers And Control System

Clockwise: (1) 7 MMBtu/h Combustion Chamber Module; (2) 7 MMBtu/h Combustion

Chamber Module Configured For Heat and Hot Water; (3) Automated Control Module For

All Systems; And (4) 30 MMBtu/h Combustion Chamber Module Configured For Heat and

Hot Water.

(1) (2)

(4) (3)

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Combustion Chamber Module Internal

View

Two Screw Augers In The Rear Wall Feed The Fuel Into The Combustion Chamber

And Four Screw Augers Move The Fuel Into And Through The Combustion Bed And

Then Into The Automated De-Ash Control System.

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Combustion Chamber Module

Components

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T3 Technology Module And

125 kW Waste Heat Generator

Fuel

Conditioning

and Storage

Fuel

Combustion

Electrical

Generation

Additional

Heat for

Process

Store fuel Prepare fuel Transfer to Combustor

Combust fuel Produce hot flue gas Transfer to Waste Heat

Generators

Extract flue gas heat Generate electricity Deliver to Customer

Extract flue gas heat Produce hot water or air Deliver to Customer

Fuel Flue Gas

Flue Gas

To Stack

AgriPower’s Waste to Energy Systems Provide: •Efficient (up to 80%) use of waste byproducts for fuel •Customized electrical solutions from 125 kW to 2.2 MW •Customized heating solutions for process or building use •Industrial grade components for high efficiency and reliability

AgriPower System Component Arrangement

CONFIDENTIAL AND

PROPRIETARY

© AgriPower, Inc. 2012. All Rights

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Our Systems Can Use A Wide Variety Of

Commercial Waste As Fuel

Clockwise: (1) Sorted Biomass (Cardboard and Paper) and Plastic Waste;

(2) Baled Cardboard; And (3) Discarded Wooden and Plastic Pallets and Other

Wood Debris.

(1)

(2)

(3)

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Our Systems Can Use A Wide Variety of

Biomass Feed-Stocks as Fuel

Clockwise: (1) Wood; (2) Woodchips; (3) Sugar Cane Bagasse; and Fast-Growing

Energy Crops Such As (4) Willows And Poplars; (5) Giant Miscanthus; And

(6) Jatropha.

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Our Systems Can Use A Wide Variety Of

Agricultural And Forest Materials As Fuel

Clockwise: (1) Crop Waste; (2) Oil Palm; (3) Forest Residuals; (4) Timber Slash And

Brush; And (5) Cow, Horse and Poultry Manure.

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Our Value Proposition AgriPower’s technology can produce significant cost-savings for

its customers by:

1.Reducing or eliminating waste disposal expenses

2.Inexpensively producing electricity and heat energy suitable for

many co-generation applications

3.Reducing purchased oil, diesel fuel, and natural gas costs

4.Generating tax benefits, carbon credits and subsidies

The resulting savings are expected to provide a ROI in about three years (before subsidies and tax benefits)

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• Heating (buildings, greenhouses)

• Hot Water & Steam (kitchens, showers, laundries, swimming pools, hospitals)

• Air conditioning (commercial buildings)

• Refrigeration (supermarkets, food and flower storage sites)

• Water purification and desalination (disaster and military sites)

• Making ice (disaster and military sites)

• Drying and bonding (kilns, lumber mills)

• Pre-drying excessively wet fuels (paper and pulp sludge)

Potential Co-Generation Applications:

In Conclusion, AgriPower Will Provide

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• Cogeneration systems with electrical output in

increments of 125 kW up to 2.2 MW and thermal

energy up to 60 MMBTU/hr

• Systems which are fully automated and operate

without expensive, on-site engineers or

technicians

• An initial System installed in the New

Jersey/New York Metro Area in the second

quarter of 2012 with demonstrations expected to

commence shortly thereafter

• Flexible sale and leasing programs

.

.

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For Additional Information

FOR ADDITIONAL INFORMATION,

PLEASE CONTACT:

BARRY J. BERMAN, CEO

TEL: (516) 829-2000

FAX: (516) 487-3163

MOB: (516) 384-2100

E-MAIL: BBERMAN@AGRIPOWER.COM

OR VISIT OUR WEBSITE: WWW.AGRIPOWER.COM