Steve Westly Presentation to San Jose Rotary Club 6/2/2014

The Greentech Revolution

2200 Sand Hill Road, Suite 250 Menlo Park, CA (650) 275-7420 [email protected]

We have a global problem ….

Too Much Pollution

Harvard Institute of Public Health expects 83 million people in China to die from lung related diseases

in the next 25 years

It’s a Global Problem

25% of particulates over Los Angeles came from Asia

Changing Climate

34% reduction

Date Sea Ice Area(millions of km²)

2000 7.0

2010 4.6

New Oceans

“There is a phenomenal event taking

place … we haven’t had an ocean open

on this planet since the end of the Ice

Age.”

Admiral Gary Roughead

United States Chief of Naval Operations

June 16, 2011

Help is on the way: Domestic Mandates

California RPS: 33% by 2020

Texas RPS: 5.9GW by 2015

New York RPS: 30% by 2015

Ohio RPS: 25% by 2025

Virginia RPS:12% by 2022

65 Countries Mandate Renewable Energy

■ Germany

- Closed 7 nuclear plants, close all by 2022

- RPS: 20% today, 35% by 2020

■ China

- Fund $15 billion for electric vehicle R&D

- Exceeded 70 GW of wind in 2013

- Targeting 220 GW of solar & wind by 2017

- Target 30% non-fossil fuel by 2015

■ Japan

- 52 / 54 nuclear plants offline

- RPS: 10% today, 35% by 2030

- 10 GW solar installed this year

Even the Pope…

9

Falling Costs Driving Increasing Revenues

Source: US Solar Market Insight Report: Q3 2013, GTM Research,SEIA

Cost of Global Utility Scale PV

2010 – 2012

US PV Installation Forecast 2010-

2016E

Source: Sustainable Energy in America Factbook 2014, Bloomberg

New Energy Finance

Three Revolutions You Should Know About

1. Utilities

2. Buildings

3. Cars

1) Utilities:

• Massive move solar and wind (50% all new power is renewable)

- Lower prices

- Financing

• Power storage cheaper

• Customer Engagement

2) Smarter, More Efficient Buildings

• Buildings use 40% of energy

• Buildings becoming digital

• LED lights, sensors, smart windows, and software

3) Electric Cars

• 8 years ago, EV’s were a pipe dream

• Tesla has $25B market cap

• EVs are becoming:

Faster Safer Cheaper Cleaner

95% improvement of cost and range over 25 years

Self Driving Cars Are Coming

• Self Driving Cars will

be:

Faster

Safer

Cleaner

More Efficient

Silicon Valley is the center of this revolution

Ne Plus Ultra