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<br /> <br />basically some nice pictures on our geothermal farm, some pictures on our wind farms, <br />our run of the river hydroelectric which is 100 years old. So one thing people may not <br />know about hydroelectric is once you put the power plant, putting it in, it lasts for up to <br />100 years. So like Nikola Tesla who did the Niagara Falls power plant (inaudible) for <br />100 years and this particular run of the river plant is running for a 100 years with a <br />thth <br />couple of refurbishments in between. We are 5, the next slide, slide eight. We are 5 <br />in the United States in solar, in the amount of photovoltaics we have; and that’s <br />th <br />significant, because we aren’t very large compared to other states, but we are 5 in the <br />United States in solar electricity. <br /> <br />Ms. Kelly: Who’s first? <br /> <br />Mr. Rolston: I believe it would be California and then, believe it or not, in the <br />world, Germany because of their green regulations wanting to integrate a lot of solar <br />and they are having problems with that at this point. So the next slide, slide nine, shows <br />our renewable energy future. We are the one island that could get to be 100% <br />renewable energy so we are targeted to lead not only Hawai‘i, but the United States for <br />the next 10, 20, 50 years in renewable energy anywhere in the United States. So <br />what’s significant is the leadership and most things that we’ll have and that are cutting <br />edge in renewable energy integration will happen here. So that’s also significant <br />because a lot of stuff we’re trying now has not been proven and a lot of stuff we’re trying <br />now, you know frankly, cutting edge kind of like (inaudible) type stuff. So in the future <br />you’ll see electric vehicles hooking up to a residence and going completely off grid with <br />the car being able to power the house for like three days with electric vehicle battery. <br />You’ll see things like micro grids where a whole community goes off grid and they will <br />supply its own power. These things will happen on our island first. A couple projects <br />that we’re working on that will be not just cutting edge, but kind of what of booted the <br />whole renewable energy movement in Hawai‘i is OTEC. We started with OTEC down at <br />NELHA, some refer it as OTEC, but we started in ‘73 the Ocean Thermal Energy <br />Conversion. What’s significant about Ocean Thermal Energy Conversion is, when you <br />think about solar, so what’s significant about the ocean is it’s really the world largest <br />solar collector, so if you will, the top of the surface of the ocean in Hawai‘i is 80 degrees <br />and the, our ability to get down to the deep water at 3,000 feet, which is at 40 degrees, <br />allows you to create an enormous amounts of energy. So we’re back in the OTEC <br />game and County of Hawai‘i, island of Hawai‘i is in partnership with Japanese <br />government to build the next OTEC at the Natural Energy Laboratory, which once again <br />will put us on the map as far as cutting edge technology. <br /> <br />Ms. Maddox: Will, is there a timeline for that plant? <br /> <br />Mr. Rolston: We’ve been working on that for the last four years. Makai Ocean <br />Engineering who has the (inaudible) tower already up is putting a 100 kilowatt OTEC as <br />we speak, so that’s already on site. So 100 kilowatt OTEC in operation will be the <br />largest in the world and then we are moving into a 1 megawatt OTEC which we’re <br />negotiating currently. To build an OTEC of that size would require two to four years. <br /> <br />Ms. Maddox: Thank you. <br /> <br /> <br />3 <br /> <br /> <br />