OCEANA ENERGY COMPANY Information

Oceana is a clean energy technology and site development firm whose mission is to develop, permit, install and operate sustainable tidal power generation facilities that benefit the public and the environment. The tidal sector is forecast to show significant growth over the next decade as current environmental and political drivers are increasingly supported by rising energy costs and technological advances in marine engineering. Oceana's corporate strategy involves developing a tidal power generation technology to harness and convert the energy of tidal currents into electricity. It also involves scouting sites and conducting feasibility studies to determine the public benefit of installing tidal power facilities at those sites. Our business model anticipates partnering with local entities that will purchase electricity generated by our facilities in markets where commercial tidal power installations are environmentally and economically feasible to operate. We are currently evaluating characteristics of sites to establish the specifics of development opportunities, so that we may thereby prioritize the sites we prefer to retain for further development. Despite having our own technology research and development program in place, Oceana remains committed to incorporating a "technology neutral" approach in its environmental and economic site analyses. However, we believe that having both a site development strategy and a promising parallel technology development program gives us the necessary attributes to begin promoting partnership arrangements at this early stage. Oceana represents a new way forward in the commercial success of the tidal energy industry. By serving utilities and technology developers, from site selection to plant commission, Oceana is the first venture of its kind that will be dedicated to the full spectrum of tidal energy development. Our management team is comprised of individuals with a long history of environmental dedication and public service, including appointments at the White House, ...