Financing Renewables

Our Mission

Ulupono Initiative is an impact investment firm working to improve the quality of life for Hawai‘i residents in three areas: More renewable energyMore locally produced foodLess waste

Investment Criteria

Duration Hedged > Volatile Multiple Income

Streams

Financing Biofuels

Long-Term Supply Price Certainty Logistics

Proven Technology Process Warranties Cost/Gallon

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Consistent Government Policy?

Sustainable?

Risks Mitigated? Creditworthy?

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Hawai‘i: First Commercial Facilities for Next Generation Biofuels

High Feedstock Productivity Very High Energy Cost Favorable Crack Spread to

Capital Ratio Strategic Vulnerability Intellectual Property Protection Societal Consensus Business, Military and

Government Commitment

Why Hawai‘i? Hawai‘i Commercial Activity Buyers:

Sellers:

Mobilizing Billions of Capital

Individual Well 1,000 bbl/day = Oil Field 1 mm bbl/day =

Oil Refinery 0.1-1 mm bbl/day =

Petroleum

3,000 acres Algae 260 mm tons Forest + Agriculture

residues (40% of US total) 0.1 mm bbl/day Biorefinery =

$10 billion dollars

Biofuels