New York Energy & Environmental Funders

Hosting Sponsor:
Dickstein Shapiro LLP

Beaming plentiful, clean solar energy from space to a receiver near you has long been a dream of futurists. Today, companies have the resources and technology to make it happen.

Space Energy, intends to make Space Based Solar Power (SBSP) a commercially viable reality, now that market conditions have developed to this point. The company will place large arrays of solar panels in space where sunlight is converted to electricity 24 hours a day. This energy is safely transmitted back to Earth by radio wave, just like a point-to-point communication signal such as blue-tooth or a mobile phone call. Main advantages include a constant energy supply with no day/night cycle, much stronger levels of sunlight (up to 42x) and the ability to broadcast the power on demand to any location on Earth.

Space Energy has invested two years and several million dollars in positioning themselves in the SBSP business. The company has recruited some of the world's top experts, is negotiating in-principle power purchase agreements and has developed a funding pathway.

The company is raising, in 3 stages, $12.5M, $50M and $250M to build and launch a small demonstrator that will orbit the Earth by 2010, transmitting energy to several key sites. It will also cover total operational costs for the next two years - the amount of time it will take to complete the demonstrator. It believes a successful demonstration will trigger contracts for energy valued at $200 billion. Then it will need $12 billion to build and launch the first commercial GW strength satellite. Space Energy intends to raise this as an advance against the energy contracts.

Space Energy projects that, by 2029, total transmitted energy from operational satellites will exceed one trillion kWh at a fixed cost of 16cents per kWh, or a total value of US $207B.

But are you sure it's safe? As the company says on its web site, people have over 60 years history of using microwaves in terrestrial environments (radar, telecommunications industry, etc.). It is certainly not 'new', and decades of scientific studies exist verifying the safety of microwaves. Microwaves are part of the electromagnetic spectrum and are considered RF (radio frequency). Microwaves are being constantly broadcast from numerous satellites, terrestrial towers and radar systems. At any given point in a typical city, there are literally thousands of RF signals (microwaves, FM, AM, etc.) passing through people 24hrs a day. The most common forms are: cell phone conversations, air traffic control, police and taxi radios, hundreds of TV & radio channels and dozens of wireless internet signals.

Stephan Tennsel, President & CEO of Space Energy will discuss the advantages of Space Based Solar Power as a green alternative that will provide clean energy solutions to the power industry around the world.

Sector Expert: TBA

Date: Friday, April 10, 2009
Time: 8:00 – 10:00 am
Place: Dickstein Shapiro LLP
1177 Avenue of the Americas, 47th Floor
(between 45th and 46th Streets on the West side of Sixth Avenue)

Security: Tell the personnel at the security desk in the ground floor lobby that you re attending the Center for Economic and Environmental Partnership, Inc. meeting at Torys LLP. You will need personal ID. They will issue a pass.

Cost: $50 if you pre-register.
Cash or checks (payable to CEEP) accepted. Must register or cancel by 4pm the previous day. No shows will be invoiced.
$60 if you pay at the door.
See below for Annual Registration opportunities and other important conditions.

Agenda:
8:00 to 8:20 – Networking with Members
8:30 to 9:00 – Presentation by Stephan Tennsel, President & CEO of Space Energy
9:00 to 9:30 – Company presentation by Sector Expert: To be announced
9:30 to 10:00 – Discussion and Networking

Thank you, and we look forward to seeing you at the next NY Funders meeting.

If you have any questions about registration or need more information about the program, please contact Gelvin Stevenson at gelvin@optonline.net.

BIOGRAPHICAL SKETCHES:

Stephan Tennsel, Director, CEO, Principal, is an entrepreneur who founded Space Energy with his business partner, Peter Sage, in 2008. As Chief Executive Officer and Principal of the Company, Mr. Tennsel is responsible for the overall operations and business development activities of this rapidly evolving company. From investment opportunities through to operational plans, Mr. Tennsel is actively involved in every aspect of Space Energy as well as developing relationships with other space-based solar power companies throughout the industry.

Mr. Tennsel is fluent in 7 languages, including Swedish, Norwegian, English, Danish, German, French and Spanish. His exceptional communication skills and in-depth understanding of varying business practices cross-culturally, makes him highly adept at developing strategic partnerships, both at an individual and corporate level.

Prior to launching a career in business, Mr. Tennsel served in the Swedish Military. Time spent in the Special Forces gave Stephan a foundation that has served him well ever since.

In 1981, Stephan started his first entrepreneurial venture in an import/export business. From there, he moved on to a position in a large property development company in Spain. Stephan quickly became CEO, and was responsible for all aspects of the business, including 1800 employees and creating an annual turnover that exceeded $200M per year. In 1993, Mr. Tennsel decided to branch back out into the world of entrepreneurship, developing a Real Estate Company with branches stretching from Auckland to Taipei in the Asia Pacific Region.

In 2007, Mr. Tennsel recognized the need for green energy opportunities. This challenge was realized through the research he undertook to establish Space Energy.

Mr. Tennsel is a member of the Laguna National Golf and Country Club in Singapore as well as the Institute of Directors, Pall Mall, London and he currently travels the world as the CEO of Space Energy.

Advisory Board
Mark Austin, Chandler-Reed
John Cusack, Gifford Park Associates
Ira Rubenstein, CEEP, Inc.
Gelvin Stevenson, Ph.D., CEEP, Inc.

NYE&EF Pricing Policy
1. Cost, with pre-registration up to 4pm the day before the meeting: $50.
2. No-shows will be invoiced.
3. Cancellations allowed until 4pm the day before the meeting.
4. Cost, with registration at the door the day of the meeting: $60.
5. All paid registrants will be emailed any information made available electronically for that meeting.
6. An Annual Registration for NYE&EF can be purchased for $400. It will provide admittance to all regularly scheduled meetings held during a 12-month period.
7. Annual registrants will be emailed any information made available electronically for any of the regularly scheduled meetings covered by their annual registration.

Formed in October 2001, New York Energy & Environmental Funders (NYE&EF) is a joint service of Investors Circle, the Energy & Environmental Capital Network (ECN), the Environmental Business Association of New York State, Inc. (EBA/NYS) and Investors Circle. NYE&EF provides networking, information, and other services to investors interested in energy and environmental companies. NYE&EF activities are produced by the Center for Economic and Environmental Partnership, Inc. (CEEP) in furtherance of its educational mission.

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