Alter NRG Corporation (Symbol: TSX: NRG)(OTCQX: ANRGF) Company Name: Alter NRG Corporation HQ Location: Calgary, Alberta Company Website: www.alternrg.com Shares Outstanding 61.81M Stock Price (Oct 20 2010) $2.18 Market Cap: $ 134.75 Million 52 Week Range 1.12 -2.83 Average Daily Volume 144,905.00/60,000.00

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Alter NRG Corp. (NRG) is an alternative energy solutions company. The Company markets and sells plasma gasification and geoexchange technology and invests in alternative energy projects around the globe. The company provides plasma gasification technology through its subsidiary Westinghouse plasma Corp. Plasma gasification converts carbon based feed stock like bio-mass, other organic waste, industrial waste and sewage sludge using thermal/chemical process into clean energy such as electricity, ethanol or Syngas (Synthetic Gas). NRG through its Clean Energy Developments Corporation (CED) subsidiary offers geoexchange services. Geoexchange technology reduces heating and cooling costs by up to 80 % for homes and buildings by harnessing energy from earth. + More info

• Company is a technology leader and owns IP and patents in the two key clean energy technologies: Waste management and heating and cooling buildings without greenhouse gas emissions.
• The company has operations in two growth segments: plasma gasification technology & geoexchange services
• Plasma gasification technology provides clean and renewable energy solutions from waste and biomass and converts it into syngas, electricity or ethanol.
• Geoexchange services provide heating and cooling for homes, commercial and industrial buildings using free energy from the earth.
• Company has good cash position ($13 million), strong management team to execute and  industry recognition for their technology which has now got some track record of success.
• Company makes money in the plasma gasification business by licensing technology and also by taking share of output of the projects in which it gets involved with (recurring component for revenues)
• Assembled a network of industry leading strategic alliances
• Exposure to emerging markets and working on a strong pipleline of projects.  Currently implementing projects in India and China
• Company is advancing 20 projects in engineering development phase with~$10 to $90 million per sale (as stated by the company)
• While the company is not profitable now, given the growth ahead for this segment of the market and the company’s leading position, there may be good opportunity to generate revenue for the company

• Plasma gasification takes input as household waste, industrial waste or wood chips and creates ethanol, steam or gas
• Plasma gasification has received endorsement from US Environmental Protection Agency and other bodies as a way to reduce or eliminate landfills and convert waste to energy
• AltNRG has an industry recognized technology in this business. 
• Three huge markets to go after:  Energy recovery from waste, Power plant retrofits (coal to syngas), Biomass to Power & liquids
• Company has proprietary IP, worldwide patents and strong technical knowledge in this area
• Assembled industry leading partnerships to implement projects which are typically capital intensive, require complex project management and have long sales cycle

• Uses the earth to heat and cool homes and buildings.  Still relatively unknown as a key technology in North America.  However, more advanced in Europe. 80% of new homes in Sweden and 75% of new homes in Switzerland have geothermal systems.
• The initial upfront cost is high, but the benefit is also high as this reduces the carbon foot print in heating and cooling homes and buildings significantly and this process has a long life.
• The Canadian geoexchange market is fragmented but is seeing some momentum. This should benefit the company as it is trying to be a consolidator.
• Given that the geoexchange implementation is complex, having a more established player has advantages, such as offering warranty, after sales service etc which can be real advantages in the market place.

The project economics for clean technology initiatives typically involve government incentives. As governments in the developed world are battling to reduce deficits some of these incentives are at risk. Canada dropped some of its ecoenergy rebates for energy efficient home retrofits. Even though company is generating revenues it is still not profitable. Plasma gasification projects have long sales cycle and have complex execution which brings additional risks.

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