© CURRENT Group, 2010 - Proprietary & Confidential 1 currentgroup.com

CURRENT Overview

October, 2010

© CURRENT Group, 2010 - Proprietary & Confidential 2 currentgroup.com

About Us· The leader in Smart Grid with intelligent sensors and utility

device management and analytic software solutions· Locations include U.S., Europe, and Australia· Enabler of Smart Grid communications, sensing and

analytics platform for SmartGridCityTM with Xcel Energy· Providing smart metering communications, advanced

sensing and network management solutions to Iberdrola, the world’s 4th largest electric utility

· Collaborating with Iberdrola and others in EU-funded programs to develop European Smart Grid platform that enables an open standard for metering, integrated communication technologies, and advanced distribution management capabilities.

· Member of: GridWise Alliance, Smart Grid Australia, IEEE, European Consortiums (EU FP7 ADDRESS, EU FP7 OPEN, EU FP7 INTEGRIS, PRIME) and the Joint US-China Cooperation on Clean Energy.

· Winner of:– 2009 World Economic Forum Technology Pioneer- 2009 VentureBeat Ten Top 10 innovations driving the

future of the Smart Grid- Go Green East 2009, 2010- Dow Jones 2008 Ten Most Innovative Clean Tech

Companies in Europe

Investors

© CURRENT Group, 2010 - Proprietary & Confidential 3 currentgroup.com

“. . . a power system that can incorporate millions of sensors all connected through an advanced communication and data acquisition system. This system will provide real-time analysis by a distributed computing system that will enable predictive rather than reactive

responses to blink-of-the-eye disruptions.” (EPRI, emphasis added)

Smart Grid Vision

(picture courtesy of Xcel Energy)

CURRENT’s Area of Focus

Today: High degree of automation, optimization and control

Limited automation, optimization and control

© CURRENT Group, 2010 - Proprietary & Confidential 4 currentgroup.com

Up to 5% reduction in

electric demand with no

impact on customer

Estimated 87%

reduction in cost of

outages

$0.50 for every $1 spent on

electricity (EPRI)

“Without a radically

expanded and smarter electric grid, wind and

solar will remain niche

power sources” (MIT, similarly

European SG Platform, Ontario Smart Grid

Forum)

Enables better

utility and end user energy usage

Improve Grid Operations

IntegrateIntermittent Renewables

Enable End User Energy

Management Reduce Outages

Smart Grid Platform (communications, sensing, software)

CURRENT Value Model: >U.S.$1,000 NPV Benefits per Customer