2012 Midwest Energy Connection

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With a focus on manufacturing, we feature the strengths of ACG middle market expertise blended with this evolving sector.

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Table of Contents2012 Midwest Energy ConnectionSpeaker Information............................................................................................................................. 5

Presentation Materials .........................................................................................................................13

DCEO Presentation ............................................................................................................................ 14

Grant Recipient Presentations ........................................................................................................... 24

Investing in Manufacturing for the Clean Energy Value Chain ........................................................... 58

Grant Recipient Presentations ........................................................................................................... 61

Demand Drivers & Critical Variables of Green Growth........................................................................ 92

Intelligent Buildings Series v1 Large Commercial Buildings ............................................................ 105

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Vice Admiral Dennis V. McGinn, USN (retired) is the president of the American CouncilOn Renewable Energy (ACORE), an organization dedicated to creating a more secureand prosperous America with clean, renewable energy.

Admiral McGinn is a naval aviator, test pilot and national security strategist. He hasserved as Director of the Air Warfare Division in the Office of the Chief of NavalOperations; the Commander of the U.S. Third Fleet; and the Deputy Chief of NavalOperations, Warfare Requirements and Programs in the Pentagon.

Admiral McGinn brings to ACORE his significant national experience in efforts tohighlight the close link between energy, climate and national security. He is a strongadvocate for innovative government policy, public and private partnerships, andinvestments that will promote clean energy growth and innovation.

About ACORE - The American Council On Renewable Energy (AROCE) works to bring

Agnes Mrozowski is the Assistant Deputy Director of State Energy Office for the IllinoisDepartment of Commerce and Economic Opportunity. Ms. Mrozowski joined DCEO inNovember 2009.

Before joining the Department, Ms. Mrozowski spent over seven years working for JPMorgan Chase as a Vice President. Focusing on consumer and business lending,investments and compliance operations.

Ms. Mrozowski currently serves on the Midwest Energy Efficiency Alliance Board.

Ms. Mrozowski holds a B.A. in Communications from the University of Illinois.

About DCEO - The Illinois Department of Commerce and Economic Opportunity raisesIllinois' profile as a global business destination and nexus of innovation. It provides afoundation for the economic prosperity of all Illinoisans, through the coordination of

Keynotes

Dennis McGinnPresidentACORE

Agnes MrozowskiAssistant Deputy Director

DCEO

all forms of renewable energy into the mainstream of America's economy and lifestyle. ACORE is a 501(c)(3) non-profitorganization based in Washington, D.C. with member organizations from every aspect and sector of the renewable energyindustries and their trade associations, include wind, solar, geothermal, biomass and biofuels, hydropower tidal/currentenergy and waste energy.

The scope of ACORE's membership also spans - among others - financial institutions, government leaders, educators, end-users, professional service providers and allied non-profit groups. ACORE accomplishes much of its work by conveningthe thought leaders in each of these sectors, publishing collaborative research and facilitating communications amongmembers, their stakeholders and the media.

business recruitment and retention, infrastructure building and job training efforts, and administration of state and federalgrant programs.

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Shez Bandukwala is a Managing Director and Head of Cleantech Investment Banking atStifel Nicolaus Weisel. Mr. Bandukwala directs the firm’s practice in key cleantechsubsectors, including renewable power generation (solar, biomass), advanced energytechnologies (advanced batteries, PEV, HEV, fuel cells), advanced alternative fuels,energy efficiency (smart grid, advanced lighting, demand and supply side solutions),preservation (water purification, recycling), and environmental markets.

Mr. Bandukwala has 19 years of banking and financial industry experience. He waspreviously a Partner and group head of the Greentech & Alternative Energy investmentbanking group at ThinkEquity LLC. While at ThinkEquity, Mr. Bandukwala led publicofferings for First Solar, Sunpower, Daystar, Real Goods Solar, Evergreen Solar, WestportInnovations, Color Kinetics and Zoltek. Prior to ThinkEquity, he was Founder andPresident of Hilco Enterprise Valuation Services, LLC, a division of Hilco Trading, LLC,where he led valuation teams on approximately 120 transactions in less than three years.Prior to that, Mr. Bandukwala was an investment banker at William Blair & Company for10 years, where he was a Principal in Corporate Finance and focused on businessdevelopment and leading execution teams and was one of the founding Principals of theTechnology Group. Mr. Bandukwala has advised his clients on approximately 80 publicand private financings, mergers and acquisitions representing over $6.5 billion intransaction value. Shez received his BS in Electrical Engineering from University ofIllinois in 1988 and a MBA, with distinction, from the Kellogg School of Management atNorthwestern University in 1992.

Speakers

Shez BandukwalaManaging Director

Stifel Nicolaus Weisel

Kevin Borgia has several years of experience in wind power policy at the state andfederal levels. Most notably, he was founder and Executive Director of the Illinois WindEnergy Association, a non-profit trade association representing many of the world’slargest wind developers and manufacturers.

In his role as IWEA Director, Kevin secured significant state policy victories for windenergy in Illinois, including new tax incentives and stable tax structures for winddevelopment, improved power markets for renewables under the Illinois Power Agency,new loan guarantees for renewables, and better permitting regulations for wind farms inthe state.

Previously, Kevin worked as editor of the federal energy and environmental policynewsletters Energy Washington and Inside EPA. He is a central Illinois native and agraduate of Illinois State University.

Kevin BorgiaExecutive Director

Illinois Wind EnergyCoalition

* Unable to attend the conference. His presentation slides can be found on page 120_

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Colleen Chambers is Manager, US Business Development, Toronto Stock Exchange andTSX Venture Exchange focused on helping US based companies understand theopportunity, requirements and process for listing in Canada.

With over 20 years experience as a Senior Analyst at the TSX Venture Exchange Colleenhas most recently been reviewing and listing capital pool companies.

Speakers

Colleen ChambersBusiness DevelopmentManager, Toronto Stock

Exchange & TSX VentureExchange

Michael DeRosa has been investing in venture capital and private equity transactions inclean technology for over ten years. His primary sectors of focus include renewable andalternative energy, energy technology, biofuels, materials and chemicals, green buildingmaterials, and recycling technology. From a strategic perspective, Michael focuses onworking with established companies that are developing new products or business modelsdesigned to capitalize on emerging market needs for cost effective and sustainablesolutions.

Prior to Element, Michael was a partner in Cordova Ventures’ Industrial TechnologyFund. At Cordova, Michael worked on all aspects of fund operations and served on theFund’s investment committee. Prior to Cordova, Michael was a principal at EnerTechCapital Partners and a Senior Associate at the Safeguard International Fund. While atSafeguard, Michael was involved in the firm’s initial investment in REC, a Norwegiansolar power company. Before starting his private equity career, Michael was amanagement consultant at Booz-Allen & Hamilton focusing on the aerospace, buildingcontrols, and consumer products industries. Michael has also worked in the finance areaat Ford Motor Company and in operations management at Weirton Steel.

Michael DeRosaManaging DirectorElement Partners

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Speakers

Michael Gruber has extensive experience with early stage investments particularly in theinformation technology, material science, and energy sectors. Mr. Gruber is a Partner ofIndependence Equity, an early stage venture capital fund as well as a Partner and Co-Founder of G4 Capital LLC and VentureLab, where he works with emerging growthcompanies in interim executive capacities on go-to-market and financial strategies. Mr.Gruber’s prior industry experience includes key operational roles in high growthcorporations (Koei Corporation, Intuit, InsWeb, Silicon Investor), two of which wentpublic and one of which was acquired by a strategic investor. Mr. Gruber had foundedCornerstone Angels and Keiretsu Forum Chicago/Midwest, private investmentorganizations of high net worth investors focused on growth stage investments. Mr.Gruber was also a Director of Taproot Ventures, an early stage investment affiliate of theHarbour Group, an investment and operating holding company.

Mr. Gruber currently serves on the Board of Directors for ACG Chicago as Co-Chair ofthe Venture Network and Cleantech Network, and serves on the Board of Advisors ofFactory Physics, Inc., and the Institute for Sustainability and Energy (ISEN), NUventionEnergy at Northwestern University, and DailyDAC, Inc. Mr. Gruber received a BA inInternational Relations from the University of Pennsylvania, and an MBA from theKellogg School at Northwestern University. Mr. Gruber is also a frequent speaker andpanelist relating to entrepreneurship and venture capital.

Michael GruberPartner

Independence Equity

MicroSun Technologies LLC since 2005, Vice President of Strategic Initiatives and LegalAffairs. Mr. Golab has a Bachelor of Science Degree in Accounting from PurdueUniversity and his CPA. Prior to joining MicroSun in 2005, Mr. Golab held thefollowing positions: Chief Financial Officer, U-Stor-It Group LLC 2003-2005 (realestate sector), Chief Financial Officer, Lexstar Technologies Inc. and predecessorscompanies 1992-2003 (rechargeable batteries and manufacturing sectors), CorporateController, RTO, Inc. 1989-1991 (finance sector), Audit Manager, KPMG Peat Marwick1984-1989 (public services). Mr. Golab has a diverse background in finance includingmergers, acquisitions, financial consulting, development, capital formation and structuredfinance. His current responsibilities at MicroSun include the pursuit of strategicinitiatives in an entrepreneur fashion to exploit market niches and market imbalances.Mr. Golab is married and has two children and resides with his family in Portage,Indiana.Tom Golab

VP of BusinessDevelopment,

MicroSun Technologies

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Theodore L. Koenig, President, CEO and founder of Monroe Capital, has over 25 yearsof experience in structuring, negotiating and investing in debt and equity transactions.Monroe Capital is an asset manager focusing on the specialty finance segment providingcustomized financing to middle-market companies based in the U.S. and Canada.Investment types include senior and junior secured debt as well as bridge loans, flexibleacquisition facilities, mezzanine debt and last-out loans that stretch a company's debtcapacity, acquisitions of distressed debt, and equity co-investments. Monroe Capital hasinvested over $1.5 billion of capital in the last five years in over 265 investmenttransactions.

Prior to founding Monroe Capital in 2004, Mr. Koenig was President, CEO and founderof Hilco Capital LP, a junior secured/mezzanine debt fund established in 2000. HilcoCapital arranged for and invested in over 36 transactions between 2001 and 2004. Priorto that, Mr. Koenig spent 13 years at the Chicago-based law firm of Holleb & Coff aspartner and co-chair of the firm’s Corporate Law, Mergers & Acquisitions and BusinessFinance groups, where he supervised and was responsible for structuring, negotiating anddocumenting acquisitions and sales of middle-market companies as well as representingthe firm’s bank, financial institution and commercial finance clients in asset-basedfinancing transactions for buyout, recapitalization and restructuring transactions. Beforejoining Holleb & Coff in 1986, Mr. Koenig spent three years in the Mergers/Acquisitionsand Corporate Finance practice group of Winston & Strawn.

Speakers

Theodore KoenigPresident, CEO & Founder

Monroe Capital

Pete Kadens is an accomplished speaker and leader on green initiatives and is knownnationwide for his innovative approach to the proliferation of renewable generation. Peteand his team have grown SoCore from a startup to a successful multi-million dollar solarbusiness. In his capacity as President of SoCore, Pete is responsible for overseeing allsales and operations of the business. Prior to SoCore, Pete founded and was the CEO ofAcquirent, an outsourced sales company which was ranked the #1 outsourced salescompany in the United States in 2006 by "The Black Book of Outsourcing". In his timeas the CEO of Acquirent, Pete was responsible for overseeing all aspects of the businessincluding recruitment, process engineering, and business development, all while growingthe company from initial startup to a multimillion dollar business. He was also in chargeof the development of the client roster that included Staples Office Supplies,Constellation Energy, Accent Energy, MX Energy, Allscripts Healthcare Solutions, MidasInternational, and Sears Holdings. Pete was elected as the President of the NationalAssociation of Sales Outsourcers in 2007 and served in that capacity until leaving theindustry in early 2008.

Prior to founding Acquirent, Pete spent 3 years at the investment bank of UBS. Pete is theVice Chairman of the Board of Directors of Streetwise, one of the largest homeless aidorganizations in the Midwest, and a Director of The Holocaust Memorial Foundation ofIllinois.

He holds a B.A from Bucknell University and was awarded the Bucknell UniversityDistinguished Citizenship Alumni Award in 2010.

Pete KadensCEO, Socor

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Speakers

Paul G. Neilan has more than twenty-nine years of experience as an attorneyconcentrating his practice in all aspects of energy and telecommunications, with anemphasis on matters arising from deregulation and competition in those fields. He has acomprehensive expertise in competitive electricity supply and renewable energy, as wellas public utility law and regulation, and has represented commercial, industrial andgovernmental energy users in both litigation and transactional matters.

His long experience in the energy industry makes him a highly skilled negotiator for hisclients. He is a member of the Energy and Communications Law Committee of theChicago Bar Association and a member of the American Bar Association Section ofEnvironment, Energy & Resources and Committees on Renewable, Alternative andDistributed Energy Resources and Energy and Natural Resources Market Regulation.

Neilan received his B.A. degree cum laude from Columbia University in the City of NewYork, and his J.D. from the University of Chicago Law School.

Paul NeilanPaul G. Neilan PC

Josh Milberg Josh Milbergserves as the Regional Vice President responsible for MidwestOperations for Willdan Energy Solutions. In this role, he is responsible for building theenergy efficiency and smart grid practice in the Midwest, and also providing strategiccounsel to select clients. He has significant experience in strategy, finance, environmentalpolicy, economics, and organizational development. From 2009 - 2011, Josh served as the1st Deputy Commissioner of the Department of Environment for the City of Chicago. As1st Deputy Commissioner, he was responsible for the day-to-day operations of thedepartment. In addition, Josh led the City’s regulatory policy for Chicago utilities, as wellas energy efficiency and smart grid strategy.

Prior to joining the Department of Environment, Josh worked in strategy consulting withBooz and Company (Katzenbach Partners). At Booz, Josh focused on developing strategicplans across a wide range of industries. In this role, he led the development of the City ofChicago’s building energy efficiency retrofit strategy that was used as the basis to win a$25 million competitive grant award for the Chicago region. Josh is a recognized leader inthe fields of sustainability, smart grid and electric vehicle deployment strategies. Josh hasspoken at many international conferences on topics including energy efficiency buildingretrofit strategies, electric vehicle infrastructure, smart grid, environmentally sustainableeconomic development, and how cities can develop and implement robust climate plansincluding the UN Habitat World Urban Forum in 2011. He was also appointed to serve onthe Illinois Electric Vehicle Advisory Council by Governor Pat Quinn. He is also afounding board member of the Institute for Sustainable Energy Development, a think tankthat supports the deployment of smart grid around the world.rm Claremont McKennaCollege (cum laude) and received his Masters in Business Administration withconcentrations in Strategy and Finance from the Yale School of Management.

Josh MilbergVice President

Willdan Energy Solutions

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SpeakersMatthew Summy has two decades of experience in public and private enterprises engagedin economic development, community investment and public policy advocacy. AsPresident of the Illinois Science & Technology Coalition, Matthew is focused onfostering public-partnerships that can quickly mobilize when opportunities arise to secureresources for research, development and innovation.

Prior to his leadership with the Coalition, Matthew held senior positions with the State ofIllinois and the City of New York. He also worked as an aide in the United States Senateand as Vice President in a consulting practice that partnered with public and privatesector clients to execute economic development strategies. Matthew has served as a 2009Marshall Memorial Fellow and in 2010 completed a fellowship awarded by the AmericaCouncil of Young Political Leaders.

He is member of the Economic Club of Chicago, a Northwestern University adjunctfaculty member, serves as staff director for the Governor’s Illinois Innovation Counciland on the board of directors of the Illinois Manufacturing Extension Center and theIllinois Environmental Council. Matthew holds an MPA from New York University and aBA from the University of Iowa.

Matthew SummyPresident/CEO

Illinois Science &Technology Solution

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Intelligent Buildings Series, Volume 1: Large Commercial Buildings

1021968

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ABSTRACT As utilities seek the means to manage supply and demand of electricity, they increasingly look to the demand-side for opportunities. Commercial and institutional buildings represent substantial electrical loads that account for approximately 30% of all electric power consumed in the United States. Given the right circumstances, these energy consumers can act as demand-side resources by reducing their electrical demand in response to conditions on the supply side. While demand response applications in commercial buildings are not new, a progression to automated demand response offers increased participation and reliability, and is supported by ongoing developments in building systems standards and technology.

Building on prior work, most notably EPRI reports 1017883 Assessment of Commercial Building Automation and Energy Management Systems for Demand Response Applications, and 1020128 Integration of Demand Response Gateways into Building Automation Systems: Case Studies in Four Commercial Buildings, this technical update goes behind the scenes on automated demand response implementations on two commercial building projects: one experimental and one operational. For each case study, this report explores the technology and standards applied, key roles in the implementation process and lessons learned, thus illustrating the automated demand response solutions with their benefits and challenges.

Keywords Automated demand response, building automation system (BAS), dashboards, demand response, integration, large commercial office building

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