1

VOL 1 • Q1 2014 ENERTECH CAPITAL

“Thought Leadership in Energy Technology”

We are proud to officially launch the inaugural issue of

EnerTech Quarterly. This newsletter is our way of keeping

you informed about the activities in our portfolio companies

and communicating the major trends and opportunities in

the energy technology sector. We believe that an important

part of our role as a firm is to provide “thought leadership”

on the energy technology sector and keep you informed on

the progress of our companies and emerging new

technologies for investment in the fund.

We would like to highlight a number of positive news items

in our firm since the closing of the $120 million EnerTech

IV (ECP IV) fund in August, 2013, including:

The closing of four new investments in ECP IV:

N-Dimension Solutions (Cyber Security for critical

infrastructure)

Space-Time Insight (Big Data play around energy)

HPC Energy Services (Horizontal drilling technology

roll-up)

Distech Controls (Building Automation company)

We are in the process of closing three more investments:

A drilling fluids management company (clean-up of oil

based drilling muds)

A high efficiency chiller business (30% energy savings vs

traditional chillers)

and a geospatial data company focused on the electric

utility sector

Major investors in EnerTech IV include:

Alberta Enterprise Corporation

Business Development Bank of Canada

Export Development Canada

Family offices

GDF Suez

Hatch Ltd.

Newalta Corporation

Southern Ute Alternative Energy, LLC

Teralys Capital

Waste Management, Inc.

It was a tough fundraising environment and we thank our

LP’s for their strong support.

Our investment strategy continues to be focused broadly

on the energy sector, which we define as from the “Well

Head to the Wall Socket” and we seek investments that

provide economic payback through efficiency gains.

Our investment team continues to grow and we have just

added a new analyst, Angelica Mengana, in our Toronto

office. Angelica spent 6 years at Growth Works (a Canadian

venture fund) and we welcome her to the team. We now

have offices across Canada (Toronto, Montreal and Calgary)

with our main office in Philadelphia. Dominic Geraghty, our

Entrepreneur in Residence is located in Menlo Park, which

provides us greater access to new opportunities in the

Valley.

We are excited about the strength of our deal flow and

believe both the valuation metrics and improved IPO and

M&A market will provide us with better market

opportunities and eventual exits.

Wally Hunter, EnerTech Capital

ENERTECH QUARTERLY

EnerTech Capital

Wally Hunter

Managing Director

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ENERTECH QUARTERLY

We held our EnerTech Forum and Annual Meeting in

Scottsdale, Arizona December 2-4, 2013 and had over 140

attendees. The meeting is designed as both a forum (Day 1)

and Annual Meeting (Day 2) where we bring together a

series of outside panelists and speakers and provide our

views on the energy technology sector.

The 2014 EnerTech Forum and Annual Meeting will be

held again this December 2-4, 2014 back in Scottsdale so

look for more information over the next few months.

Snapshots from our 2013 EnerTech Forum &

Annual Meeting:

2013 EnerTech

Forum & Annual Meeting

Mike Harris,

Former

Premier of

Ontario

Wally Hunter,

EnerTech

Capital

From Left to right: Didier Culat (BCF), Tony Gioia (Aird

& Berlis), Pieter de Koning (Hatch)

Randy Garg (Beedie Capital), Tony Van

Bommel (BDC) Howard Schmidt (former Cyber-Security Coordinator

of the Obama Administration), Bobby Hobbs (Hobbs &

Towne)

Activity Session Prize Winners

3

2013 Venture Capital Investments

Canadian Venture Capital investment activity experienced

substantial growth in both Canada and the US in 2013.

According to Canada’s Venture Capital & Private Equity

Association (CVCA), investment by venture capital firms

increased both by dollar amount and number of deals in

2013:

Canadian VCs Invested CDN $2 billion in 2013, up 31%

from the previous year. This was the highest since the

peak of the previous investment cycle in 2007.

Investments were made in 452 deals, a growth of 14.4%

over the 395 investments made in 2012.

The US growth experience was moderate compared to

Canada’s, with investments just 7% higher than in the

previous year (graph at the top right).

Largest VC Financings of 2013

2013 was marked by a number of very large financings in

both Canada and the US. Some of the highlights from 2013

are included below:

LARGEST VC INVESTMENTS - CANADA

The increase in investment activity is great news for early to

mid-stage growth companies, which can build on the

positive momentum and grow to their full potential.

Venture capital fundraising has also picked up significant

pace in Q1, 2014 (see fundraising highlights on page 5) and

EnerTech Capital stands to benefit from an improved co-

investor landscape, as access to larger pools of funds

improves.

ENERTECH QUARTERLY

Venture Capital

Industry Overview

Company

Name

Location Investment

Amount

(Cdn)

Vancouver, BC $170.7 million

Ottawa, ON $100 million

Montreal, QC $87 million

Burlington, ON $47.5 million

Markham, ON $42.4 million

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ENERTECH QUARTERLY

LARGEST VC INVESTMENTS - UNITED STATES

Q1 2014 Venture Capital Investment

Activity

Investment Activity in Q1 2014 has been very robust, with

a couple of mega-deals and investments across a number of

different sectors. Highlights:

Cloudera (Enterprise analytic data management)

received a monster investment of $900 million.

Tango (mobile messaging services ) secured $280

million.

SolarCity (Solar) received $250 million.

Lyft (On-demand ride services) received $250 million.

Aclara (Smart Grid) received $150 million.

Cool Planet Energy Systems (Biofuels &

Biochemicals) completed $100 million financing.

2013 Venture Capital Activity by Sector

CANADA

Canadian VC Investments grew sharply in IT and Cleantech.

The IT Sector dominated in 2013 with $1.1 billion

invested and 19 % year over year growth.

$324 million was invested in the Cleantech sector,

more than tripling from the previous year.

Non-Tech related investments were at $327 million.

UNITED STATES

Company

Name

Location Investment

Amount (US)

San Francisco,

CA

$258 million

Mountain View,

CA

$150 million

New York, NY $150 million

Manhattan, NY $150 million

Los Altos, CA $100 million

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ENERTECH QUARTERLY

UNITED STATES

US Venture Capital Fundraising was at the highest in Q1,

2014 since 2007.

Venture firms raised $9.64 billion in the first quarter, a

111% increase over a year ago when the total take was

$4.56 billion, according to Dow Jones VentureSource

with data provided by VentureWire publisher Dow

Jones & Co.

Venture capital fundraising has been in the range of $20

billion to $22 billion for the past three years, and the

amount raised so far this year is nearly halfway to that

mark.

The largest fundraising firms from Q1, 2014 are included in

the following table:

CANADA

New Fund Highlights

Real Ventures completed its first $50 million

close of its third venture fund in April, 2014 with an

ultimate target of $100 million. The fund will focus on

web, mobile and internet focused investments in Canada

and specifically in Quebec.

Sustainable Development Technology Canada

(SDTC) and the Canadian Gas Association

(CGA) formed a new SD Natural Gas Fund in

February, 2014. The SD Natural Gas Fund™ supports

the development and demonstration of new

downstream natural gas technology. The fund was

created with a $15 million contribution over three years

from the Canadian Gas Association (CGA) that is

matched through SDTC’s SD Tech Fund™.

NorthLeaf Venture Catalyst Fund (NVCF) - new

fund set up in January, 2014 to invest in venture capital

funds that support early and mid-stage companies. A

total of $217.5-million has been invested in the fund so

far, with a goal to increase the amount to $300-million.

McRock Capital closed a $50 million Industrial

Internet Fund in December, 2013. This closing, led

by its first investor BDC Venture Capital, includes

participation from other significant Canadian and US

institutional investors and family offices. The fund will

invest in high growth companies across Canada and the

US that are specifically targeting large industrial markets

looking to maximize the efficiency of their operations by

making their machines, equipment and devices run more

intelligently.

Venture Capital Fundraising

Q1, 2014 Highlights

$1.02 Billion

$1.0 Billion

$1.0 Billion

Company Name Amount Raised

(US $)

$2.5 Billion

$1.5 Billion

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ENERTECH QUARTERLY

There is more good news for VC backed companies.

Recent activity in the M&A and IPO markets is a key

indicator of an improved and more robust exit landscape

and provides encouragement to entrepreneurs, VCs and

other investors as the variety and quality of exit possibilities

improve.

Mergers and Acquisitions

M&A activity is ramping up across a number of sectors

where EnerTech is active, including across the Energy

Technology and Security & Defense Technology sectors.

Some of the most notable transactions from Q1, 2014 are

included below:

Energy Management and Smart

Grid

April 14, 2014 - EnTech USB, an

Energy & Environmental Data Management company,

was acquired by EnerNOC

February 07, 2014 – As part of its goal to make its mark

in smart-home systems, Google has acquired Nest

Labs Inc., a developer of smart hardware including a

thermostat and smoke detector for $3.2 billion.

February 13, 2014– EnerNOC acquired Entelios,

provider of energy demand management and

Activation Energy, provider of demand response

software and services.

January 9, 2014 - Nexant acquired Freeman,

Sullivan & Company (FSC), an energy consultancy

that has been at the forefront of integrating demand

response into utility smart grid initiatives.

Security & Defense Technology

March 24, 2014 – Palo Alto

Network’s acquisition of Israeli-

rooted security firm Cyvera for $200

million.

March 12, 2014 – Industrial Defender, a leading

provider of cyber security solutions for control systems

in the oil and gas, utility and chemical industries was

acquired by Lockheed Martin.

February 13, 2014 – Merger of Bit 9, the leader in

advanced threat protection for endpoints and servers

and Carbon Black, a next-generation security

company.

January 02, 2014 - Merger of cybersecurity companies

FireEye and Mandiant, valued at $843.5 million.

Energy Storage

March 24, 2014 - A123 Energy

Solutions , a company in the grid

battery business, was acquired by NEC

Corporation for $100 million.

January 27, 2014 - UTS Holdings, holdings company

of two battery producers, was acquired by EnerSys.

Water & Wastewater

March 14, 2014 - NanoH2O was

acquired by LG Chem for $200

million.

January 24, 2014 - Saltwater Disposal Assets of Phyllis

Disposal and Ceiba Energy Services were acquired

by Aqua Terra Water Management.

Initial Public Offerings

We are currently seeing the best IPO market since 2000,

with 35 U.S.-based VC-backed IPOs in Q1 2014. Recent

highlights are included below:

March 03, 2014 - O-Power, a leading provider of cloud

-based software to the utility industry raised $116

million in an initial public offering of its common stock.

March 05, 2014 – Lumenpulse Inc., an innovative LED

lighting manufacturer founded in Montreal, Quebec

raised CDN $100 million in its IPO (about 33% more

than it had targeted).

Exits

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FilterBoxx Water & Environmental provides water

treatment solutions for industrial, municipal, resort

and aboriginal clients. FilterBoxx addresses such

mission critical process water treatment as steam-assisted

gravity drainage in oil sands operations enabling water

reuse, boiler feed water treatment and metals removal. In

addition, it provides treatment for potable water and

wastewater to drilling, mining and pipeline camps.

FilterBoxx has been the major supplier to many of the oil

sands, heavy oil, enhanced oil projects and unconventional

natural gas expansion programs over the past several years.

Its client roster includes industry giants such as Cenovus,

EnCana, Petro-Canada, Shell, Suncor, and SNC Lavalin.

The Oil & Gas Water Treatment Market

The Oil & Gas water treatment market is a multi-billion

dollar market. Resource extraction is a process that uses a

staggering amount of water. As energy demand increases,

the growth in traditional

drilling as well as the

increased use of enhanced oil

recovery methods such as

steam flood and water flood

injection, hydraulic fracturing,

a long with oi l sands

developments, all of which are

more water and resource

intensive, are pushing the need

for better water treatment

technologies. FilterBoxx is well

positioned to capitalize on energy

sector expansion and the increasing environmental focus of clients,

governments and the general public. Recent developments include

the successful completion of a $35 million turnkey project for a

major oil and gas company in Fort McMurray, Alberta. In addition to

continuing to receive new projects in the oil and gas sector,

FilterBoxx has been awarded contracts in both Eastern and Western

Canada in the power, food processing and mining markets.

Also, in an effort to service new geographies, FilterBoxx has entered

into agency agreements to market its water treatment expertise

throughout the USA and Latin America.

EnerTech Investment

EnerTech Capital made its initial investment in the company

in April, 2010 alongside XPV Capital Corp. Founded in

2001 in Alberta, Canada, FilterBoxx has since gained a

strong market presence and reputation. Its high-quality

brand is well recognized in the industry. FilterBoxx has

been ranked repeatedly in Profit magazine’s 100 fastest

growing companies in Canada and in October, 2013

FilterBoxx was one of 100 companies chosen in the 2013

Global Cleantech 100, marking the third year in a row the

company attained this recognition. 5,864 companies were

nominated in 2013 from 60 countries.

ENERTECH QUARTERLY

FilterBoxx Technology onsite at Suncor’s oil sands upgrader facility

EnerTech III

Portfolio Company Profile

“FilterBoxx is well

positioned to

capitalize on

energy sector

expansion.”

Funds Raised CDN $23.4 million

CEO Larry Novachis (formerly with Ze-

non Environmental and GE Water)

EnerTech Board Member Wally Hunter

Website http://www.FilterBoxx.com/

8

.

Space-Time Insight (STI) is an enterprise software

developer. From traditional transmission, communications

and transportation networks to smart grids and smart cities,

its next generation situational intelligence solution makes

critical infrastructure smarter, safer and more reliable.

Space-Time Insight’s award-winning software enables its

impressive list of major customers, such as Hydro One,

Southern California Edison, the California ISO, and

Sacramento Municipal Utility District (SMUD) reduce risk,

improve service reliability and efficiency, and significantly

reduce costs through highly sophisticated visualization and

analysis of massive volumes of diverse real-time and

historical data.

Smart Grid Market

According to GTM Research, the cumulative value of the

global smart grid market is expected to surpass $400B by

2020 with a compound annual growth rate of over 8%. The

Utility Analytics Institute forecasts utility analytics spending

growth at 29% CAGR to reach roughly $2 billion by 2016.

With its proven ability to correlate, analyze, and visualize

huge data volumes in real-time across both traditional IT and

operational (OT) systems, Space-Time Insight is uniquely

positioned to take advantage of this opportunity and growth.

EnerTech Investment

EnerTech Capital made its first investment in Space-Time

Insight in August, 2012. In September, 2013 it participated in

a $20 million Series C financing led by London-based private

equity fund, Zouk Capital. Other investors in the round

included Opus Capital Ventures and Novus Energy Partners.

EnerTech is continuously looking for ways to help STI build

value and increase visibility with our strategic investors and

other key relationships. Rob Schilling, CEO of STI adds:

“We are excited to be working with EnerTech. Their

relationships, knowledge of and insights into the energy

industry are invaluable resources as we pursue new

opportunities.”

Key Developments/Highlights:

STI was recognized for Technology Innovation and Financial

Impact and received Top Honors in the Data Analytics

category of the Fierce Innovation Awards, which evaluates

technology innovation, financial impact, market validation,

and end-user customer experience of participating

companies in October, 2013. It was also part of the 2013

Global Cleantech 100 Companies, which recognizes the

world’s top private companies in Clean Technology.

ENERTECH QUARTERLY

EnerTech IV Portfolio

Company Profile

Funds Raised US $34.5 million

CEO Rob Schilling (formerly with SAP,

Oracle and Siebel)

EnerTech Board Member Bill Kingsley

Website http://www.spacetimeinsight.com/

Space-Time Insight Smart Meter Intelligence Applica-

tion

9

ENERTECH QUARTERLY

(ECP II)

NanoSteel, a designer of materials for the energy and

automotive markets, announced its founding membership in

the New American Lightweight Materials Manufacturing

Innovation Institute (ALMMII). The company also

introduced its proprietary EverShot™ ferrous micro

peening alloy, and reported that its Super Hard Steel ®

(SHS) weld alloy was selected by Trimay Wear Plate Ltd. to

provide wear protection at a mine in Northern Canada.

(ECP III)

Enbala Power Networks, established in 2003,

developed a Smart Grid technology platform to provide

flexibility to the power system. Its solutions contribute to a

more efficient, reliable and sustainable power system.

Enbala recent ly announced the

appointment of a new President and

CEO, Arthur (Bud) Vos. Bud joins

Enbala with extensive experience and a

proven track record of delivering

software applications to electric

utilities. The company also recently

joined the OpenADR (Open Automated Demand

Response) Alliance to help advance the growth of

automated demand response. In December, 2013 Enbala

received the Best in Smart Grid Award from the Global

Cleantech Cluster Association.

(ECP III)

Own Energy, a developer of mid-sized wind projects,

signed a 20-year Power Purchase Agreement (PPA) for 25

megawatts (MW) with the Kansas City Board of Public

Utilities (BPU). The company also sold its sixth wind farm

to NJR Clean Energy Ventures (NJRCEV). The Carroll

Area Wind Farm project is the sixth mid-size wind farm

OwnEnergy has successfully developed and sold or

financed. In November of last year, OwnEnergy

extended its strategic partnership with the National

Farmers Union to include the New England Farmers Union

(NEFU) to co-develop community-scale wind farms in New

England. The partnership between OwnEnergy and NEFU

represents a win-win situation for both the wind power

industry and farmers across the region.

(ECP IV)

N-Dimension provides cyber-security protection for

critical infrastructure assets including: generating plants,

control centers, substations, field control systems, SCADA

systems and smart meter networks. In February, 2014

N-Dimension was named by Smart Grid News as one of

“14 Smart Grid Companies to Watch in 2014”.

Nominations for N-Dimension referenced the company’s

focus on cooperative and public power utilities as well as

their integrated Information Technology/Operational

Technology (IT/OT) approach to providing defense-in-

depth resilience for critical infrastructure assets.

(ECP IV)

Distech Controls, a building automation and controls

company announced important management appointments

in early April, 2014. Jean-Lou Paquet took on the new role

of VP, Corporate Development. David Gill, a veteran with

over 30 years of global business experience,was appointed

VP, Asia. In addition, the company announced the

appointement of Navid Mehr as Head of Business

Development in the UK and Ireland in early April, 2014 to

support the company’s continuing expansion throughout

this area. Distech has also received important industry

recognition. In March, 2014 its innovative Integrated Room

Control (IRC) was a finalist in the prestigious BCIA awards,

chosen in the Technical Innovation of the Year - Products

category. In January, Distech was honored at the 2014

AHR Expo Product of the Year Awards.

EnerTech Portfolio

Company Snapshots

10

.

ENERTECH QUARTERLY

EnerTech Capital has a number of strategic

investors, each one unique in its focus areas and

needs. As the technology and market landscapes change,

we work closely with our Strategic Investors to exchange

information on new leading edge technologies.

One such strategic relationship is with Newalta

Corporation, North America's leading provider of

innovative, engineered environmental solutions that enable

customers to reduce disposal, enhance recycling and

recover valuable resources from industrial residues. Its

proven processes, portfolio of

more than 250 operating

permits and excellent record

of safety make it the first

c h o i c e p r o v i d e r o f

susta inabi l ity enhancing

services to oil, natural gas,

petrochemical, refining, lead,

manufacturing and mining

markets.

Our EnerTech Capital location in Calgary is housed within

Newalta, enabling easy mutual access where EnerTech can

interact directly with Newalta’s Technical Development and

Commercial Development teams to vet new ideas and

technologies. EnerTech provides Newalta with a significant

additional window into energy and water technologies,

ranging from 600 to 800 deals per year. “Newalta truly

values our partnership with EnerTech,” said Cam

MacNaughton, Executive Director, Commercial

Development, Newalta. “There are tremendous synergies

that exist between our two organizations. We work closely

together to share information on technological trends, to

consider ways to partner with other strategic investors and

to evaluate new technologies of mutual interest that can

grow our businesses and provide strong returns on

investment.”

Together, we highlight the strengths and weaknesses of

leading companies for given technologies and identify their

commercial readiness. EnerTech builds on the exchange of

information and helps our partners identify potential

synergies and partnerships that create value, helping them

attain a market leading edge.

Focus Areas of Our Strategic Partnerships

There is some overlap between the focus areas of our

strategic investors. As energy use rises and the extraction

techniques become more water intensive and disruptive,

technologies that mitigate these problems are becoming

increasingly more important to many of them. Some of the

key technologies and solutions identified by our Strategic

Investors, revolve around heavy oil, water &

wastewater and waste management technologies and

include:

Innovative Steam Assisted Gravity Drainage (SAGD)

technologies

Treatment of mature fine tailings (MFT) using

centrifugation technology

Engineered fluids and Waste Management solutions

Mobile waste water technologies

Innovative water processing/treatment

Improved water management

New uses for coke oven gas (COG)

Emerging waste conversion technologies

The underlying objectives across all of the above solutions

are the same – reducing cost, either by reducing the amount

of water, reducing the material or energy used, and

mitigating environmental problems.

The technologies are viewed as important drivers for

reducing life cycle costs and optimizing asset integrity. With

a deal flow of 600-800 deals per year, EnerTech is exposed

to many different companies that address these problems

and communicates information about them to our Strategic

partners when there are synergistic opportunities.

Strategic Investor Profile

Newalta

“There are

tremendous synergies

that exist between our

two organizations.” -

Cam MacNaughton,

Newalta

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ENERTECH QUARTERLY

“More than 100 years

of combined Energy

Technology and Clean

Energy Investing

Experience.”

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

Anne-Marie Bourgeois

VP Investments

Eric Schmadtke

VP Investments

Jarett Carson

Managing Director

Dr. Dominic Geraghty

Entrepreneur in Residence

Hoon Chung,

Entrepreneur in Residence

Philadelphia

The EnerTech Team

A Seasoned, Diversified, and Experienced Group

Montreal Calgary

Toronto

Menlo Park Boston

12

ENERTECH QUARTERLY

Alan Cadotte

President and CEO, Newalta

Corporation

Rebecca Giffen

Director of Investments, Alberta

Enterprise Corporation

Michael Harris

Former Premier of Ontario

Dr. Bill Madia

Chairman of the Board of

Overseers and VP for the SLAC

National Accelerator Laboratory,

Stanford University

Governor George Pataki

Former Governor of New York

John Morris

Sr. Vice President of Field Operations

Waste Management

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.

13

ENERTECH QUARTERLY

Broad Depth of Experience in Corporate

Clark Phippen

Independent Board Member

J. Scott Magrane

Managing Director, Coady Diemar

Partners

Dr. Jim de Wilde

President, JdW Strategic Ventures

Warren Plunkett

Portfolio Manager, Export

Development Canada

Michael B. Davies - Principal, Davies & Co

Eric Legault - Managing Partner, Teralys Capital

David Milenthal - CEO, The Milenthal Group

Jean-Paul Reich - Steering Committee Research

Division, GDF Suez

Rob Soni - Independent Board Member

Nils Voermann - Global Managing Director -

Technologies, Hatch

Laurence Rose

Senior Managing Director,

Cantor Fitzgerald

Victor Scutaru

Director, Fund Investments, BDC

Venture Capital

Marty Toomajian

President of Energy, Health &

Environment, Battelle

Gordon Pridham

Principal, Edgewater Capital and

Newalta Board Member

Rebecca Kauffman

President and COO, Southern Ute

Alternative Energy

14

ENERTECH QUARTERLY

April 27-30, 2014- Los Angeles

Milken Institute Global Conference

http://www.globalconference.org

April 28-29, 2014 – Chicago

Midwest OCIO Summit

http://www.frallc.com/conference.aspx?ccode=B919

May 12, 2014 - Sao Paulo, Brazil

Pension Fund Brazil Forum

https://www.regonline.com/builder/site/Default.aspx?

EventID=1266839

May 20-21, 2014 - London, England

2014 Global Corporate Venturing Symposium

http://gcvsymposium.com/

May 21-22, 2014—Ottawa, Ontario

CVCA Annual Conference

http://www.cvca.ca/news/events/

CVCAAnnualConference2014.aspx

June 4-6, 2014 - Niagara Falls

FEI Canada's National Conference

www.feicanada.org/conference2014

June 9-12, 2014 - Boston

SuperReturn US 2014

http://www.superreturnus.com

June 10, 2014 - Toronto

TSX/CVCA Technology Innovation Day

http://www.tmx.com/en/news_events/events/

technology_day.html

September 25-26, 2014 - Banff

2014 Banff Venture Forum

www.banffventureforum.com

November 4-5, 2014 - New York

Hedge Fund Latin America Forum

https://www.regonline.com/builder/site/Default.aspx?

EventID=1343363

April, 2014

EnerTech Capital Announces Strategic Collaboration

with Hydro-Quebec Research Institute (IREQ)

November 15, 2013

BNN Weekly with Andrew McCreath: Interview with

Wally Hunter

September 25, 2013

Is Canada a friendly place for venture capital, or the land

where venture dreams go to die?

EnerTech Capital, SAIL Capital Meet Different Fates in

Canada

September 20, 2013

EnerTech Capital just raised nearly $120 million for its

fourth energy technology fund, EnerTech Capital Part-

ners IV LP.

EnerTech Capital Raises $120M for New “Energy Tech”

Fund

Upcoming VC and PE

Events

EnerTech in The

News/Media

EnerTech Quarterly is published four times a year by EnerTech Capital ©:

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