VOL 4 • May, 2015 EnerTech Capital “Thought Leadership in Energy Technology”

Wally Hunter

Managing Director

EnerTech Capital

We are pleased to bring you the fourth edition of EnerTech

Quarterly. We have remained very active over the past

quarter both with our existing portfolio and new deals in

EnerTech IV. The major investment highlights since our last

report include:

The closing of two new investments in the fund:

Terralux is an LED lighting company focused on retrofit

opportunities. EnerTech led the round and existing

investors Generation Investment Management, Crawley

Ventures, Emerald Technology Ventures and GC&H

Investments participated in the round.

Leading provider of facility Internet of Things (IoT) and

energy management solutions focused on facilities with

complex and critical power needs (healthcare, government

and higher education). EnerTech led a $14 million round

that also included investors Maryland Venture Fund, Allos

Ventures, Arsenal Venture Partners and Claremont Creek

Ventures.

To date we have invested into 10 Companies in ECP IV with

total drawn capital of $51.8 million and $28.8 million is set

aside for reserves. We continue to see strong deal flow

from Canada and the US with over 200 deals reviewed in

2015.

Successful Exit in EnerTech IV:

We are very pleased to announce that ECP IV portfolio

company Distech Controls has agreed to be sold to Acuity

Brands for CAD $318 million. This will be our first exit in

ECP IV, providing a significant IRR and exit multiple.

Distech’s CEO Etienne Veilleux is a great entrepreneur who

founded and grew Distech to what it is today. The close of

this sale should be concluded in late May to early June 2015.

ENERTECH QUARTERLY

EnerTech Update

ECP IV Investment Amount - $5.0 million

ECP IV Investment Amount - $4.5 million

ECP IV

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ENERTECH QUARTERLY

Our investment focus remains in the Energy Technology

space, where we continue to seek innovative technologies

from “The Well Head to the Wall Socket”. Some of the

current specific focus areas include:

Behind the Meter technologies including device control

and Industrial Internet of Things (IIoT)

Building Automation, Lighting and Energy Efficiency

technology

Digital Oilfield and Oil & Gas technologies focused on

reducing the cost of oil production

completed an $11 million

financing led by GE Ventures

and Edison Energy. These

strategic investors will be key

business partners for Enbala as it grows its revenue base in

the Distributed Energy Resource Management System

(DERMS) space.

announced a strategic partnership

with Cummins. The partnership will

bundle clean diesel and natural gas

generators with DERMS, helping

commercial and industrial customers

manage energy consumption on the grid while reducing

their costs. The partnership of Cummins, a global power

leader that manufactures, distributes and services diesel and

natural gas engines and related technologies, and Tangent, a

leading provider of Distributed Energy Resources (DER),

will make it easier for customers to dispatch generators

during times of peak demand when costs on the energy grid

are higher.

We added two new members to our Advisory Board:

As CEO of SGIP, Sharon leads the consortium that

focuses and accelerates advances in grid modernization.

SGIP is focused on critical power industry issues most

relevant to its stakeholders, which include utilities,

regulators, equipment vendors and integrators.

Sharon has great insight and connections into many key

areas in new technologies that are being implemented

into the grid network.

Basil leads a team that commercializes new technologies

in the energy and environment sectors by exploring and

driving opportunities for licensing, joint ventures and

partnerships.

He has 20 years of experience in Oil and Gas, process

and water treatment, and advanced equipment

technologies. Prior to joining Newalta, he was Director

of Oil and Gas at DuPont Canada and he has held

various senior roles in technical sales and business

development at Champion Technologies, GE Water &

Process Technologies, and Nalco.

We are pleased to have Giovanni Ravina, Investment

Manager with ENGIE New Ventures (formerly GDF SUEZ

New Ventures) join the EnerTech Toronto location as

Intern for a one year period. Giovanni acquired a MEng in

Industrial Production at Politecnico di Torino followed by a

Masters in Business at ESCP Europe. ENGIE is a strategic

investor in both ECP III and ECP IV.

Sharon Allan

President & CEO, Smart Grid

Interoperability Panel (SGIP)

Basil El-Borno

Vice President, Innovation & Process

Development, Newalta Corporation

ECP III

Additions to the EnerTech Team

Advisory Board Updates Giovanni Ravina

Investment Manager, ENGIE New

Ventures (formerly GDF SUEZ New

Ventures)

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ENERTECH QUARTERLY

by

Bill Kingsley

Managing Director

EnerTech Capital

Even with recent advances in energy efficient light bulb

technologies over the past two decades, lighting continues

to consume nearly 11% of electricity in North America.

The U.S. Energy Information Administration estimates that

lighting consumed about 412 billion kilowatt-hours (kWh) of

electricity in 2014 with roughly 262 billion kWh used by the

commercial sector and 150 billion kWh used by the

residential sector.

Driven by advances in semiconductor and light emitting

diode (LED) technologies, and riding cost curves that

precipitously declined with advances in consumer

electronics, lighting is now meeting the digital and internet

world that has upended many industries in recent years.

Haitz’s Law, an analogous phenomenon to Moore’s Law, has

accurately predicted the pace improvement of the

technology. It states that every decade, the cost per unit of

useful light emitted (lumen) falls by a factor of 10, and the

amount of light generated per LED package increases by a

factor of 20. The lighting industry and the electric industry

are at an inflection point which, simply stated, is the end of

traditional lighting.

Beyond technological advancement, governments around

the world have accelerated initiatives that ban inefficient

lighting technologies. At the local level, building codes have

been amended to stipulate energy efficient lighting

requirements. Various policy initiatives aimed at elimination

of hazardous content from fluorescent bulbs and reduced

carbon footprints are forcing customers to adapt.

Meanwhile, forward thinking real estate owners have seen

advanced lighting technologies reduce operating expenses of

their common areas, increasing the value of their buildings.

As 2015 begins, LED lighting makes up slightly more than 1%

of the installed lighting base in the U.S. Over the next 10

years, many industry players expect that number to climb to

nearly 65%. LED lighting technology converts roughly 20%

of electrical energy to visible light, which is already 4x more

efficient than other lighting technologies, and LED is

improving as only a semiconductor can. Incumbent lighting

players are attempting to realign their product and

manufacturing capabilities to meet a shifting marketplace.

Traditional market structures that worked well in an analog

(light bulb) world are transforming in a new digital (LED)

world.

Lighting – A Revolution Before our Eyes

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ENERTECH QUARTERLY

The major lighting players accelerating a transition to LED

for commercial customers primarily target either new

construction or buildings undergoing substantial renovation.

But for every building that is either new or under

renovation, there are approximately 55 existing buildings

that are unaddressed. All of these existing buildings can

benefit from LED lighting retrofits in the next decade.

Digital Lighting meets the Internet

As if all of this wasn’t enough for an industry in transition,

the shift from analog to digital platforms has squarely

intersected with the Internet. Lighting is ubiquitous within

buildings, nodal, and lends itself well to an internet of things

(IoT) architecture. Complimentary technologies include low

-cost highly efficient wireless and power-line technologies

for connectivity, advances in sensors such as occupancy,

dimming, motion, temperature, environmental (carbon

monoxide, carbon dioxide, smoke detection, trace

chemicals), and dynamic color tuning. Further, some

platforms have recognized the importance of embedding

microprocessor controls within nodes, and these will be

increasingly important as new capabilities are introduced.

The electric industry has much at stake here as a result of

these changes. With over 50% of electricity consumption in

its commercial segment attributed to lighting in a ten year

transition, and even more change occurring with the

integration of advanced control technologies, the electric

industry will need to watch its demand curves closely.

Deployment of more advanced capabilities such as

Automated Demand Response, Lighting-As-A-Service, and

tailored industry applications may further alter traditional

utility planning horizons.

EnerTech Portfolio Company Activity

EnerTech Capital has evaluated investment opportunities in

the lighting space with caution over many years. Until

recently, costs curves and quality did not match customer

expectations in most cases, and channel conflict proved

detrimental to new companies.

Our first foray into a company that played adjacent to the

space was Distech Controls. Distech is a provider of

building automation, control and energy management

solutions integrating Lighting, HVAC, Access Control and

CCTV. The Company was very successful as an EnerTech

Capital portfolio company and was recently acquired by

Acuity Brands in a successful exit for Fund IV.

Based upon improvements in technology, cost and quality,

EnerTech Capital continued to review investment

opportunities in the lighting space. In March 2015, we

announced an investment in Terralux, a Longmont, CO-

based provider of LED lighting products focused on retro-

fitting existing commercial lighting installations. Terralux has

a unique plug and play solution, eliminating the need to rip

and replace existing lighting infrastructure and architectural

fixtures. The economics are optimized when replacing lights

with long run-times, and customers are seeing very short

payback periods and excellent IRR’s in many markets.

Terralux is run by a very experienced semiconductor

industry team, using strict engineering and reliability

standards as well as world-class subcontract manufacturing

capabilities. Terralux employs a unique selling proposition

and is finding a market that is receptive to the products it

has introduced in 2014/2015 thus far. The Company has

begun testing its LEDSense intelligent lighting platform with

customers to early acclaim. Terralux is also featured on the

next page.

LEDSENSE® - Terralux’s voltage driver architecture creates an opportunity for

technology and applications integration. Lights are ubiquitous and hold an

advantaged position in a building as an information gathering point.

A complete system can be controlled via a smart device.

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ENERTECH QUARTERLY

About the Company: Terralux designs and manufactures

Light Emitting Diode (LED) products for general illumination

in commercial and industrial applications. The company

holds patents across many of the most critical aspects of

LED technology including active and passive thermal

management, driver architecture and design, optical design

and infrastructure compatibility, and mechanical packaging.

Their LED lighting solutions are easy to install, highly

reliable, and economical.

Value Proposition: Traditionally, LED lighting companies

have focused exclusively on new building construction and

rehabs of existing buildings. Terralux provides building

owners the opportunity for significant energy savings

through adoption of LED technology without having to

replace existing lighting fixtures and infrastructure. While in

some cases energy savings of 50-80% are available,

customers find the installation cost savings, reduction in

ceiling tile damage/replacement, and ability to add Wide

Area Network intelligence to be significant forces in

business cases. Some customers are easily beating IRR

return targets of 20-25% with the Terralux approach, while

other customers have seen lighting project paybacks of less

than one year.

Market: There is a massive LED retrofit market

opportunity. For every new construction building with a

potential lighting project, there are 55 buildings waiting to

be retrofitted. The US market for pin-CFL replacement in

commercial/indoor common areas alone is greater than $10

billion.

EnerTech Investment: EnerTech led an $11 million

growth investment in March, 2015. Joining EnerTech in this

round were Generation Investment Management, Crawley

Ventures, Emerald Technology Ventures, GC&H

Investments, and Founder & CTO, Dr. Anthony Catalano.

EnerTech Capital Managing Director, Bill Kingsley joined the

company board.

“Our investment in Terralux fits directly in our investment

strategy around emerging opportunities in the energy

efficiency space particularly for innovative retrofit solutions.

Given our significant domain knowledge in the energy

efficiency sector and behind the meter energy solutions, we

believe that as a firm we can add significant value as

Terralux executes on its business plan. This investment

represents our 9th deal in our latest fund (EnerTech IV) and

we believe there are significant synergies between Terralux

and a number of the other companies in the existing

portfolio” said Wally Hunter, Managing Director at

EnerTech Capital.

“Terralux has built elegant solutions that allow building

owners to begin retrofitting the enormous base of existing

buildings with energy efficient LED technology,” said Bill

Kingsley, Managing Director at EnerTech Capital. “The pace,

quality and the market acceptance of their new product

releases caught our attention. We believe in this strategy

and look forward to working with the existing investors and

management team to drive the rapid growth of Terralux.”

Profile of new ECP IV Investments - Terralux

Investment Date: February, 2015

ECP IV amount: $5.0 million

CEO: Steve Hane

EnerTech Board Member: Bill Kingsley

Website: http://terralux.com/

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ENERTECH QUARTERLY

About the Company: Blue Pillar is a leading provider of

facility Internet of Things (IoT) and energy management

solutions for complex single site and centralized multisite

facilities. The company’s Aurora®, Avise InsiteTM and Avise

ForesiteTM platforms connect, control, and manage data to

help organizations improve energy resiliency, efficiency and

overall facility operations. Many of the most critical,

complex and geographically dispersed facilities – across

healthcare, government, higher education, and other

industries – use Blue Pillar to manage their energy and

power systems.

Value Proposition: Blue Pillar takes highly complex

facilities where there are on average 30 equipment vendors

per facility with average backup generation capacity of 1

MW per facility with aging workforce issues and provides

ubiquitous equipment control and data visualization/energy

automation, along with access to facility data and asset

information. The company’s technology unifies legacy,

stranded and uncontrolled elements of any vendor.

Market: There are over 300,000 critical and complex

facilities worldwide with roughly 24 million stranded or

uncontrolled pieces of equipment. The market opportunity

for equipment, connectivity, and control is estimated to be

greater than $2 billion, and separately, the market for local

site facility management is estimated to be approximately

$900 million.

EnerTech Investment: EnerTech Capital led a $14

million financing in March, 2015. This round of financing also

included the Maryland Venture Fund and existing investors

Allos Ventures, Arsenal Venture Partners and Claremont

Creek Ventures. EnerTech Managing Director Bill Kingsley

joined the Blue Pillar board in conjunction with the

investment.

“Our investment in what is now known as the Internet of

Things (“IoT”) space has always been a key part of the

EnerTech investment strategy. Blue Pillar aligns with our

themes of investing in innovative technologies that promote

behind the meter networking, enabling monitoring, control

and energy management capabilities while facilitating the

interface between building metering, electrical equipment,

mechanical equipment, on-site generation and renewables.

Our investment in Blue Pillar represents our 10th

investment in EnerTech IV. The Company has great

synergies with several of our existing portfolio companies”

said Wally Hunter, Managing Director of EnerTech Capital.

“Blue Pillar has built its business connecting distributed

energy assets for demanding and complex customers”, said

Bill Kingsley, Managing Director of EnerTech Capital. “The

speed of deployment enabled by its software approaches

always impressed us, but the recent customer adoption

showed that Blue Pillar’s strategies and products are valued

by customers looking for energy management solutions with

strong return on investment. We believe in the Company’s

strategy and look forward to working with the existing

investors and management team to drive the rapid growth

of Blue Pillar.”

Profile of new ECP IV Investments - Blue Pillar

Investment Date: February, 2015

ECP IV amount: $4.5 million

CEO: Tom Willie

EnerTech Board Member: Bill Kingsley

Website: http://www.bluepillar.com/

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ENERTECH QUARTERLY

Acquired by

March 9, 2015 - Acuity Brands Inc. has agreed to acquire

Quebec-based Distech Controls Inc. for roughly $318

million CAD dollars ($252 million USD), expanding the

lighting company's capabilities in building automation and

energy management technology. For more on the story,

please visit our website’s news section or click here.

ECP IV Portfolio Company News If you are viewing a digital version, please click on the news item for more information.

January 26, 2015 BUILDINGS: Why BEMS Systems May

Soon Be Extinct

March 19, 2015 What’s Hot for Energy Efficiency

Investors Today? Bill Kingsley, managing

director of EnerTech Capital, explains

what energy efficiency investors look for

in companies today.

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ENERTECH QUARTERLY

GeoDigital is unleashing the power of ‘big spatial data’ and

insight to maximize the reliability of power grids, drive

toward autonomous vehicles, and provide spatial insight to

solve complex industrial challenges like no other. Click on

the link below to see more of what GeoDigital is doing.

January 27, 2015 EnergySavvy Picks Up Efficiency

Projects at Salt River Project, New

Mexico Utilities

January 29, 2015 Tech Moves: EnergySavvy Gets New

February 3, 2015 Silver Spring Networks Welcomes

EnergySavvy to Partner Program

February 9, 2015 EnergySavvy Offers a Case Study in

Utility Partnerships

February 22, 2015 Measured Results are Coming to

Energy Efficiency Programs. Are You

Ready?

March 13, 2015 APS Works to Deliver Cheaper, Faster

Home Energy Efficiency

January 28, 2015 N-Dimension Alerts Utilities to Cyber

Attacks Before Hackers Cause Havoc

March 17, 2015 N-Dimension Used by NMPP Energy to

Protect Joint Action Agency Against

Cyber Security Threats

April 1, 2015 Finding the Hidden Cyber Threats in the

Power Grid - How N-Dimension helped a

Midwest utility distill 3.8 million cyber

alerts into real-world security actions

January 26, 2015 REGEN Energy and Ayla Networks

Create Strategic Partnership

January 28, 2015 REGEN featured in Greentech Media

Article

January 29, 2015 REGEN featured in Energy Manager

Today

January 7, 2015 Space-Time Insight Extends Leadership

In Real-Time Visual Analytics

February 11, 2015 E.ON And NEC Lead Strategic

Investment In Space-Time Insight

March 4, 2015 Space-Time Insight’s Asset Intelligence

Solution Certified As Powered By SAP

HANA®

January, 2015 Architectural SSL Magazine Honors

Terralux with Product Innovation

Awards

January 31, 2015 TERRALUX featured in Forbes

Magazine

February, 2015 TERRALUX featured in Lodging

Magazine

February, 2015 TERRALUX featured in Bloomberg

Business

February 15, 2015 TERRALUX featured in TED Magazine

March 02, 2015 TERRALUX featured on FOX31

News

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ENERTECH QUARTERLY

Tangent’s Distributed Energy Resource Management System

(DERMS), named Tangent AMP™, monitors grid, facility and on-

site generation assets, and alerts customers ahead of high-value

economic opportunities. Demand Design™ and Demand Design

PLUS™ build on Tangent AMP™ to actively manage customer

demand and integrate generation assets in response to these

opportunities.

ECP III

Company Snapshots from Previous EnerTech Funds

ECP II

ENBALA’s GOFlex platform is a technology that manages a network of

commercial and industrial electricity consumers and their energy-consuming

assets to deliver grid balancing flexibility to electricity system operators and

utilities.

NanoSteel impeller produced

through laser powder bed fusion

January 5, 2015 Calstar 2015 Outlook

February 9, 2015 CalStar Shifts Production from Pilot

Plant to New Full-Scale Columbus,

Mississippi Operation

March 30, 2015 GE Ventures and Edison International

Join Forces to Invest in Enbala Power

Networks

March 10, 2015 FilterBoxx featured in Energy Pipeline

Magazine – Covering the Oil & Gas

Industry in Colorado

January 27, 2015 Dirty ground starts to sprout clean

energy projects

February 27, 2015 Cummins and Tangent Energy Partner

to Launch eDGegen™ Series Power

Platform

March 25, 2015 Tangent Energy Forges the Customer-

to-Grid Distributed Energy Connection

March 4, 2015 N a n o S t e e l E x p a n d s M a t e r i a l

Capabilities for Additive Manufacturing

March 31, 2015 Nano Scale Powders Upgrade Additive

Manufacturing Parts

March 16, 2015 FilterBoxx Supplies New Potable Water

& Waste Water Treatment System to

Camp Operator

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ENERTECH QUARTERLY

In the US, VC funding in 2014 hit its highest total since 2001. $47.3 billion was invested across 3,617 deals.

Venture Capital Update - Overview of US and Canadian Activity in 2014

Canadian VCs invested $2.4 billion into 522 different rounds of financing in 2014, a slight increase from the $2.0 billion

dollar amount reported and the 452 deals done in 2013. Overall, Reuters estimated 2014 to the best year for VC funding

in Canada since 2002.

Source: Thomson Reuters, CVCA

Note: Q1 2015 data above is based on preliminary data.

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ENERTECH QUARTERLY

Venture Capitalists in the US invested $13.4 billion in 1,020 deals in the first quarter of 2015, according to the

MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA),

based on data provided by Thomson Reuters.

Select US VC Investments from Q1 2015 (EnerTech investments are highlighted in yellow)

Venture Capital Update - Q1 2015 - Investments in the US

Company Name Description Major Investors Investment

Amount (USD)

Provider of simplified Software Defined

Data Center in a Box solutions.

Waypoint Capital, Accel

Partners, Charles River

Ventures, KPCB, DFJ

$175 million

Provider of data visualization service to

find insights in large and complex da-

tasets.

KPCB, Institutional Venture

Partners, Khosla Ventures $55 million

Provider of solutions for fleet manag-

ers to improve driver safety and im-

prove vehicle efficiency.

Oak Investment Part-

ners , NEA, WABCO $50 million

Manufactures horizontal trackers for

the solar PV market.

SJF Ventures, Sigma Part-

ners, DBL Inves-

tors, Tennenbaum Capital

$25 million

Developer of a repairing technology

that rejuvenates power cables to ex-

tend their useful life.

SJF Ventures $20 million

Developer of enterprise-class tools for

the oil and gas industry.

Carrick Capital Partners $20 million

Developer of security solutions for

critical infrastructure.

Ignition Partners, IDG Ven-

tures $15 million

Provider of facility IoT and energy

management solutions.

EnerTech Capital, Allos

Ventures, Maryland Ven-

ture, Arsenal Ven-

ture, Claremont Creek

$14 million

LED lighting company focused on

retrofit opportunities.

EnerTech Capital, Genera-

tion Investment Manage-

ment, Crawley Ventures,

Emerald , and GC&H In-

vestments

$11 million

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ENERTECH QUARTERLY

Canadian companies raised $362 million in VC funding in 121 rounds of financing. Ontario led with $237 million

invested in 55 deals, followed by Quebec, where $51 million was invested in 34 deals.

Select Canadian VC Investments from Q1 2015 (EnerTech investments are highlighted in yellow)

Venture Capital Update - Q1 2015 - Investments in Canada

Company Name Description Major Investors Investment

Amount (Cdn)

Provider of traffic data collection tools

and analysis.

MacKinnon, Bennett &

Co., Investeco Capital,

Renewal Funds, Plaza

Ventures and Comerica

$30 million

Developer of smart grid platform to in-

crease grid reliability and efficiency.

EnerTech Capital, GE

Ventures, Edison Ener-

gy, EDC, Sorfina Capi-

tal, Chrysalix

$11 million

Developer of connected car technolo-

gies.

Telekom Capital, Relay

Ventures, BDC $8 million

Developer of solutions to help manufac-

turing companies improve their asset

availability, asset utilization and utilities

consumption.

McRock Capital $3 million

Developer of a lightweight connected

commuter bike. Real Ventures $1.6 million

Developer of a process to convert cellu-

losic biomass into high quality cost-

competitive cellulosic glucose.

Sofinnova Partners Undisclosed

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ENERTECH QUARTERLY

The EnerTech Team

A Seasoned, Diversified, and Experienced Group

Wally Hunter

Managing Director

Lyndsy MacArthur

Executive Assistant Angelica Mengana

Analyst

Scott Ungerer

Managing Director

Bill Kingsley

Managing Director

Dean Sciorillo

Director

Colleen Pale

Director of Finance

and Administration

Donna Smith

Executive Assistant

Gian Vergnetti

Analyst

Eric Schmadtke

VP Investments

Jarett Carson

Managing Director Dr. Dominic Geraghty

Executive in Residence

Hoon Chung,

Executive in Residence

Philadelphia

Calgary

Toronto

Menlo Park Boston

Robert M. Chiste

Executive in Residence

Orange County Houston

Giovanni Ravina

Intern, ENGIE New Ventures (formerly

GDF SUEZ New Ventures) Montreal

Anne-Marie Bourgeois

VP Investments

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ENERTECH QUARTERLY

The EnerTech Strategic Advisory Board

Our Network is an Extended Family of Deal Sourcing, Due Diligence and Exits

The EnerTech Strategic Advisory Board is made up of a diverse and experienced group of visionaries, industry

leaders and experts in various disciplines. They bring unparalleled expertise and a wide network in the areas of

energy services and policy, information technology, Oil & Gas, and clean energy innovation. We are proud and

grateful to have them as members of our Advisory Board.

Sharon Allan

President & CEO, SGIP

Mike Babcock

Current coach of the Detroit Red

Wings and former Head Coach of

the Canadian Men’s Hockey Team

Independent Board Members

Michael Harris

Former Premier of Ontario

Governor George Pataki

Former Governor of New York

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ENERTECH QUARTERLY

Basil El-Borno

VP Innovation & Process

Development, Newalta

Corporation

Dr. Bill Madia

Chairman of the Board of

Overseers and VP for the SLAC

National Accelerator Laboratory,

Stanford University

J. Scott Magrane

Managing Director, Coady Diemar

Partners

Alex Beliaev

Investment Manager, EDC

Dr. Jim de Wilde

President, JdW Strategic Ventures

Vicky Sharpe

Founding President of SDTC

Rob Soni

Independent Board Member

LP and Strategic Partner Board Members

David Milenthal

CEO, The Milenthal Group

Gordon Pridham

Principal, Edgewater Capital and

Newalta Board Member

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ENERTECH QUARTERLY

Rebecca Kauffman

President and COO, Southern Ute

Alternative Energy

Eric Legault

Managing Partner, Teralys Capital

John Morris

Sr. Vice President of Field

Operations Waste Management

Nils Voermann - Global

Managing Director -

Technologies, Hatch

Marty Toomajian

President of Energy, Health &

Environment, Battelle

Victor Scutaru

Director, Fund Investments, BDC

Venture Capital

Guillemette Picard

Investment Director, ENGIE New

Ventures (formerly GDF SUEZ

New Ventures)

Rebecca Giffen

Director of Investments, Alberta

Enterprise Corporation

In Memorium

Michael Davies

We are saddened to have lost our long term Advisory

Board member and friend, Michael Davies. As many of

you know, Michael and Wally went back some 15 years

to his days with RBC. He joined the EnerTech Advisory

Board back in 2007 and was previously on the Advisory

Board at RBC Capital Partners. Michael was truly a

great mentor and friend. He will be sadly missed by all.

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ENERTECH QUARTERLY

May 19-21, 2015 – Vancouver, BC

Canadian Venture Capital Association Conference

May 21 - 22, 2015 - Vancouver, BC

EnerTech Advisory Board meeting

May 28, 2015 – Calgary, AB

Canada Oil & Gas Assembly

June 23 – 25, 2015 - San Diego, CA

Grid Edge Live – Greentech Media

September 22 – 23, 2015 – Berkeley, CA

Water Innovation Summit

September 24 – 25, 2015 – Banff, AB

Banff Venture Forum

September 26 – 30, 2015 – Chicago, IL

Weftec – the Water Quality Event

November 2 - 4, 2015 - San Diego, CA

Greentechmedia US Solar Market Insight

December 8 - 9, 2015 - San Francisco, CA

Greentechmedia US Energy Storage Summit

December 1 - 3, 2015 - Key Biscayne, FL

EnerTech Capital Forum and LP Meeting

December 8 – 10, 2015 – Las Vegas, NV

Power-Gen International Conference

Upcoming

Industry Events

www.EnerTechCapital.com

Philadelphia ● Toronto ● Montreal ● Menlo Park ● Calgary

For questions or comments, please contact:

Wally Hunter

Managing Director, EnerTech Capital

whunter@enertechcapital.com

tel #416-363-8563

New Philadelphia Location