Global Thermostat Strategic Overview &the Latest Trends in the United States
Paul Nahi, CEO, Global Thermostat

Contents
1. COMPANY

会社概要

2. OUR SOLUTIONGTのDACソリューション

3. TRENDS IN THE U.S.

アメリカでの最新動向

4. FOCUS ON JAPAN 日本への注目

Global Thermostat - Confidential21. COMPANY

To develop and deploy the world’s best direct air
capture technologies to unlock new, air-basedsources of carbon for the global economy andaddress climate change at scale
最先端のDirect Air Capture技術を開発・普及させ、気候変動の根本解決とサーキュラー・カーボンエコノミーの発展の両立に貢献する。

MissionGlobal Thermostat - Confidential

4

COMPANY

Decade+ Focus on Designing Lowest Cost & Most Scalable DAC Solution
設立から13年間、低コストでスケーラブルなDACソリューションの研究開発を行ってきた

Pilot Plants & R&D Support
4 Pilots & 8 Federal R&D Projects

2011

2017

IntellectualProperty

2013

2020

UniqueCapabilities

Secured 100+ Patents Worldwide,
15 more in examination● Contactor & Sorbents● Processes● Mechanical Embodiments

Performance
Enhancements

7x

CO2 Capacity(kg/m2/hr)

8Developed Tools, Team &Experience to Understand DAC
Performance Drivers
Global Thermostat - Confidential

6420GEN 1GEN 2GEN 3

Demonstrated Improvements inContactor Capture Capacity52. OURSOLUTIONOUR SOLUTIONOur Solution Today: Simple, Modular, & Highly Efficient
GTのソリューション: シンプル、モジュラー、高効率

We have developed andpatented a DAC solution that ison a fundamentallyadvantaged, lowest cost,broadly scalable pathway…
Global Thermostat - Confidential

7

OUR SOLUTION

Inherently Scalable Platform
モジュール化されたコア技術により、幅広いスケールに対応
Our solution is inherently scalable, with stackable contactors, and leverages existing highvolume supply chains. All scales use the same core contactor and overall process…

T-Series (Tonnes)
For Value Chain PilotsBuilt & Operated Continuously,
Semi-Autonomously since 2021

Global Thermostat - Confidential

K-Series (Kilotonnes)
For Commercial & Industrial Applications
Operated Since Q4 2022

M-Series (Megatonnes)
For Climate-Scale Applications
FEED-level Design Complete YE 2023

8OUR SOLUTION

Proven at a Commercial Scale 商用規模で検証済み
We’ve been operating ourkilotonne-scale plant at ourDenver, Colorado
Headquarters since Q4 2022.

Our K-Series Module is the first kilotonne-scale DAC plant in the US and one of the largest in the world
Global Thermostat - Confidential

9OUR SOLUTIONM-series メガトン級

10

Global Thermostat - Confidential

Page 10

OUR SOLUTIONGT Business Model
What we DO:● DAC Modules DACユニットの提供●Balance of Plant Designs プラント設計●Engineering Services エンジニアリング●Periodic Contactor Reactivation コン
タクターの点検・交換

What we DO NOT do:● EPC● Provide utility/energy source ユティリティ供給● Own/Operate DAC Plants DAC プラントの所有・運営● CO2 sequestration/utilization CO2 貯留／利活用● Sell Carbon Credits カーボンクレジットの生成、販売● Physical Manufacturing of DAC Module DACユニットの製造

Global Thermostat - Confidential

113. TRENDS INTHE U.S.

TRENDS IN THE U.S.

The Commercial Tipping Point for DAC is ~2025!
DACの商用転換点は2025年

A commercial ecosystem is already forming:●CDR credits support developer IRR●Developer purchases DAC units, providing
our gross margin●Sequestration provider gets paid toll

BUYER/
OFFTAKER

DEVELOPER/OWNER

GLOBALTHERMOSTAT$$Once everyone gets paid, the system becomes
self-sustaining… unleashing billions of dollars in
the capital markets.

This is precisely what occurred in
the solar industry…

CO2
CDR CREDIT

Global Thermostat - Confidential

MRV

SEQUESTRATION
13TRENDS IN THE U.S.

Demand for DAC Already Far Outstrips Supply
DACの需要は供給を多く上回る

DAC SUPPLY & DEMAND OUTLOOK THROUGH 2030 (MtCO2)(Projections by Bloomberg New Energy Finance - August 2023)
237

DAC capacity is forecasted to grow 1,200x
between 2023 and 2030.

However, supply will still meet just 5% of thedemand in 2030…

SupplyDemandGlobal Thermostat is uniquely positioned to
begin commercial deployment at scale to create
value from the ongoing imbalance between
supply and demand.

By 2025, DAC demand isexpected to reach 12 MT CO2
with buyers willing to pay up to+$2,000/tCO2

1222025

Global Thermostat - Confidential

Demandprojected
to be 20x
greaterthansupply in2030

12203014

4. FOCUS ONJAPANCOMPANY UPDATE

Established Global Thermostat Japan
Global Thermostat Japanの設立

To expand our global reach, we established Global Thermostat Japan (GTJ) in a joint venture with ICMG Co., Ltd. in July,2023
WHY JAPAN?
●Challenging Energy & Carbon
Reduction Situation, Requiring
Proactive Approach●Ambitious Japanese Government& Industry Net Zero Goals●Global Reach & Capabilities ofJapanese Industry Leaders

Global Thermostat - Confidential

ROLE OF GTJ●

Market development inJapan and Asia●

Promote strategic
collaborations withbusiness, government,academia and government
agencies●

Supplying our DAC
Solutions to projects
focused on net-zero andcarbon recycling
16

Thank you