Harvest Power Orlando Energy Garden - Recycle Florida Today

Harvest is redefining the way organic waste is managed by harnessing the fullenergy, carbon and nutrient value from discarded organic materials.• Fraser Richmond Soil & Fibre – Richmond, BritishColumbia (Operational Summer 2012)o 40,000-ton-per-year high solids anaerobic digestero 1.1 MWe renewable power generating capacityo 4,000 metric tons of compostOur Anaerobic Digestion Facilities• Harvest Energy Garden – London, Ontario(Operational Summer 2012)o 65,000-ton low solids anaerobico 2.8 MWe renewable power generating capacityo 5,200 metric tons of granular fertilizer• 10+ projects in the pipeline for the next two years6

Orlando Energy Garden‣ 130,000 tons per year‣ 3.2 MWe of renewableelectricity (totalinstalled capacity)‣ 3,000+ tons of fertilizer‣ Located in Bay Lake, FL7

Accepted MaterialsWe can accept:• Produce• Breads and pastas• Proteins, like meat and diary• Prepared foods, including pizza, bakedgoods, and plate scrapings• Organic liquids like juice, ice cream, etc.• Hard parts like bones, pits, etc.• Grease trap waste (brown grease)• Up to 5% contamination by weight8

Energy Cost AdvantageThrough “negative COGs” from tip fees, Harvest expects to produce electricity at a lower costthan any conventional – and most alternative – technologies300250200227Levelized Cost ($/MWh)1501001041091341721171591648311195505455250HARVESTEnergyEfficiencyWind Geothermal BiomassDirectSolar PVThin-FilmFuel CellSolar PVCrystallineGroundSolarThermalSolar PVCrystallineRooftopGasCombinedCycleCoal Nuclear Gas PeakingAlternative EnergyConventional ResourcesSource: Lazard LCOE Estimates, 2011. Cited values reflect median of calculated low-high valuesNote: Does not factor in environmental and other externalities (e.g. RECs, transmission and back-up generation / system reliability costs) as well as construction and fuel costsdynamics affecting conventional generation. Reflects production tax credit, investment tax credit, and accelerated tax depreciation, as applicable. Assumes 2010 dollars, 20-40year economic life, 40% tax rate and 5-40 year tax life. Assumes 30% debt at 8% interest rate, 50% tax equity at 8.5% cost and 20% common equity at 12% cost for alternativeenergy generation technologies. Assumes 60% debt at 8% interest rate and 40% equity at 12% cost for conventional generation technologies. Assumes coal price of$2.50/MMbtu and natural gas price of $5.50/MMbtu. See Lazard analysis for additional generation-specific notes.Harvest estimates reflect constant fuel (negative) costs, +/- 5% variable and fixed O&M and +/- 5% total EPC costs.9

There’s a better path for organics —help us get there.Chris Balfe, Project Development Manager212-671-1906 (o) | 917-886-2774 (c)cbalfe@harvestpower.comMolly Bales, Project Development Manager781-314-9524 (o) | 252-452-0759 (c)mbales@harvestpower.com10 10

The Long-Term Solution• Sustainable• Landfill diversion• Production of renewable energy• Soil revitalization• Profitable• ~$27M in capital investment• >$6M in annual revenue11

Total Electricity Production in the U.S., 2011Natural Gas25%Nuclear19%Renewables13%Hydroelectric8.1%Wind 3.0%Coal43%Biomass 1.4%Geothermal 0.4%Solar 0.1%Source: EIA, http://www.eia.gov/energy_in_brief/renewable_electricity.cfm12