Birchtech (OTCPK:BCHT) Conference December 09, 2025 11:00 AM ET Company ParticipantsRichard MacPherson - President and CEOModeratorGood day, and welcome to the iACTIS Alpha Virtual Best Ideas Winter Investment Conference 2025. The next presenting company is Birchtech Corp. If you'd like to ask a question during the webcast, you may do so at any point during the presentation by clicking on the Ask Question button on the left side of your screen. Type your question into the box and hit Send to submit. I'd now ...

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Summary of Key Points from the Conference Call Industry Overview - The focus remains on electricity demand, AI/power needs, and their impact on equities within the Energy, Utilities, and Mining sectors [1][5] Company Insights EQT (Oil & Gas) - EQT is highlighted as a high-quality equity for exposure to power demand, being a low-cost Appalachian producer with significant inventory depth [2] - The company benefits from extensive midstream infrastructure post-ETRN acquisition, enhancing local project interconnectivity [2] - Positive outlook maintained with a 12-month price target of $66 per share, reflecting an 8.5% target FCF yield on 2026/2027 estimates [2] Kinder Morgan (KMI) (Midstream) - KMI is viewed as a top opportunity due to its role in transporting ~40% of US natural gas and its interconnectivity across key regions [3] - The company is in discussions for $10 billion of pre-FID projects aimed at growing power demand, with a notable discount in stock price compared to peers [6] Sempra Energy (SRE) (Utilities) - SRE is rated as a Buy, with Oncor expected to benefit from data center load growth and a supportive regulatory environment [7] - The stock trades at 17.6x 2026E P/E, with an expected EPS growth rate of 10% through 2029, suggesting a higher multiple is warranted [7] Duke Energy (DUK) (Utilities) - DUK is also rated as a Buy, with a price target of $141, reflecting a 19.5x P/E multiple on estimates [7] - The company plans to increase capex to $95-$105 billion due to rising demand, with a competitive advantage in gas generation [7] MasTec (MTZ) (Energy Services) - MTZ is positioned well for growth due to increased utility capital spending and upcoming T&D projects starting in mid-2026 [8] - The stock trades at ~13x 2026 EV/EBITDA, slightly below the target of 14x, indicating potential for upside [8] Array Technologies (ARRY) (Clean Technology) - ARRY is seen as a compelling investment in the utility-scale solar sector, trading at a P/E of 11.1x compared to peers at 14.2x [10] - The company has improved its growth outlook and is experiencing bookings acceleration, which should lead to margin expansion [10] Market Dynamics - The overall sentiment is constructive regarding growing power demand, which is expected to support gas demand growth and infrastructure development [3] - There is a noted disconnect in valuations, particularly for ARRY, which is trading at a significant discount despite improved growth prospects [10] Risks and Considerations - Key risks for companies include lower commodity prices, execution risks on capital plans, and regulatory uncertainties [60] - Investors are advised to consider the potential for LNG cargo cancellations impacting the US gas market later in the decade [41] Conclusion - The conference call highlighted a positive outlook for several companies within the Energy, Utilities, and Mining sectors, driven by increasing power demand and strategic capital investments. However, investors should remain cautious of potential risks associated with commodity price fluctuations and execution challenges.

Company Overview - Aduro Clean Technologies Inc. is a clean technology company focused on transforming lower-value feedstocks such as waste plastics, heavy bitumen, and renewable oils into valuable resources for the 21st century [1][3] - The company utilizes patented water-based technologies, including its Hydrochemolytic™ Technology, which operates at relatively low temperatures and costs, making it a game-changing approach in the industry [3] Conference Participation - Aduro will participate as a Gold Sponsor at the 51st Annual New Orleans Investment Conference, scheduled for November 2-5, 2025 [1][2] - The company will present on November 4, 2025, at 10:50 AM and will have an exhibition booth (Booth 320) [2] - The conference is known for attracting sophisticated retail and institutional investors, featuring keynote speakers, panel discussions, and networking opportunities focused on macro trends, commodities, energy, precious metals, and emerging technologies [2] Investor Engagement - The management team of Aduro will be available for one-on-one meetings with investors during the conference, providing an opportunity to discuss the company's strategy, technology development, and upcoming milestones [3] - On-site meeting space will be available throughout the conference for these discussions [3]

Company Overview - Remora is developing carbon capture technology for vehicles, focusing on semi-trucks and locomotives, retrofitting them to extract and purify CO2 from exhaust to produce beverage-grade CO2 [6] - The company aims to reduce vehicle emissions by at least 80% [16] - Remora has raised $17 million in venture backing and signed evaluation agreements with major freight companies [33] Technology and Innovation - The system captures CO2 using pellets that trap CO2 molecules while allowing other gases to pass through [7] - Captured CO2 is offloaded as a liquid and sold to end users like food and beverage companies, greenhouses, and water treatment facilities [8] - Remora is building a modular system for different locomotives and trucks, aiming for vertical integration in the production process [27][28] - The company uses a simulator with a real truck engine to model device performance under various conditions [29][30][31] Market and Industry - Transportation accounts for 29% of all emissions in the US, making it the largest sector of emissions [3] - Remora targets the long-haul trucking and freight train industries, which are difficult to electrify [3] - The company aims to capture a billion tons of CO2 per year and sees potential in retrofitting generators, oil and gas production, container ships, cement plants, refineries, and natural gas turbines [33][34] Strategy and Operations - Remora chose to locate its headquarters outside of Detroit due to the high concentration of mechanical and electrical engineers [19] - The company emphasizes building a team of experts and iterating quickly through in-house manufacturing [12][22][23]

Core Points - Aduro Clean Technologies Inc. announced participation in the LD Micro Main Event XIX Conference in San Diego from October 19-21, 2025 [1] - The conference is a significant independent investment event, featuring presentations and networking opportunities for growth-stage businesses [2] - Aduro's management will hold one-on-one meetings with investors to discuss the company's strategy and technology development [3] Company Overview - Aduro Clean Technologies specializes in patented water-based technologies for recycling waste plastics and converting heavy crude into lighter oil [4] - The company's Hydrochemolytic™ Technology utilizes water as a key agent, operating at low temperatures and costs, transforming low-value feedstocks into valuable resources for the 21st century [4]

Core Insights - Beam Global has been granted a new patent for its Intelligent Battery Thermal Management (iBTM) system, which allows for fast charging of lithium-ion batteries in extreme cold conditions [1][2] - The patented technology integrates a heating element with proprietary Phase Change Composite (PCC™) material to regulate battery temperature, enhancing performance and lifecycle [2][4] - The CEO of Beam Global emphasized that this innovation increases the company's value and creates barriers for competitors, while expanding the applications for energy storage solutions [3] Technology Overview - The iBTM system dynamically manages charging rates and monitors battery health, preventing degradation reactions during fast charging at low temperatures [3][4] - Early simulations showed a temperature increase of 10°C in under three minutes, enabling safe rapid charging in extreme cold [3] - The technology enhances safety, extends cycle life, and provides a scalable solution for various applications, including electric mobility and energy storage [4] Company Background - Beam Global is a clean technology innovator focused on sustainable infrastructure products and technologies, operating in the U.S., Europe, and the Middle East [5] - The company develops and manufactures solutions that power transportation, provide secure electricity sources, and enable smart city services [5] - Beam Global is listed on Nasdaq under the symbol BEEM and is headquartered in San Diego, California [5]

Core Insights - Capstone Green Energy Holdings, Inc. has qualified to trade on the OTCQX Best Market, upgrading from the OTCID Basic Market, which enhances its visibility and access to a broader investor base [1][3][4] Company Overview - Capstone Green Energy has been a leader in clean technology for nearly four decades, specializing in microturbines that help businesses manage energy sustainably [4] - The company has shipped over 10,600 units to 88 countries, significantly reducing carbon footprints through high-efficiency, on-site energy systems and microgrid solutions [4] - Capstone offers a range of microturbine products from 65kW systems to multi-megawatt solutions, catering to commercial, industrial, and utility-scale customers [4] - The company has expanded its portfolio to include Energy-as-a-Service (EaaS) offerings, such as build-own & transfer models, Power Purchase Agreements (PPAs), lease-to-own, and rental solutions [4] Market Context - The OTCQX Market provides a premium platform for investor-focused companies, requiring high financial standards, best practice corporate governance, and compliance with securities laws for qualification [3] - Trading on the OTCQX Market is seen as a significant milestone for companies, enhancing their visibility and credibility among U.S. investors [3][4]

Core Insights - dynaCERT Inc. has appointed John Amodeo as Chief Financial Officer, effective immediately [1][14] - John Amodeo brings over 40 years of experience in business, particularly in the North American metals and steel industry, and has held various senior financial roles [12] - The company aims to leverage Amodeo's expertise to enhance its international and domestic expansion efforts, particularly in climate change mitigation products [8][14] Company Overview - dynaCERT manufactures and distributes Carbon Emission Reduction Technology, including its proprietary HydraLytica™ Telematics, which monitors fuel consumption and calculates GHG emissions savings [15] - The company's patented technology generates hydrogen and oxygen on-demand to improve combustion efficiency and reduce carbon emissions in diesel engines [15]

Core Insights - Digital Utilities Ventures, Inc. (operating as Easy Environmental Solutions) is experiencing significant growth and international expansion through strategic milestones achieved in August 2025 [2][4] - The company is leveraging a proven growth blueprint that combines modular technology, recurring revenue, and scalable operations to penetrate multibillion-dollar markets in clean water and sustainable agriculture [4][10] Company Developments - Easy Environmental Solutions is commercializing the EasyFEN Waste-to-Fertilizer System, which converts organic waste into a USDA-certified microbial fertilizer, Terreplenish, with each unit processing up to 17,500 tons of biomass annually [5][6] - The company has secured a $3.4 million order for two EasyFEN systems in Kenya, expected to generate recurring annual revenue [7] - Recent installations include a NanoVoid system at a northern Minnesota resort for organic dredging, with additional installations scheduled [6][14] Market Opportunities - The clean water market is projected to reach $387 billion by 2030, while the sustainable agriculture market is expected to grow to $13.8 billion by 2032 [4] - Easy Environmental Solutions aims to enhance local fertilizer sovereignty and food security across more than ten African nations [8] Technology Advancements - The NanoVoid technology is designed to treat contaminated water by injecting oxygen-rich nanobubbles, restoring water bodies without chemicals and using significantly less energy than competitors [9] - Multiple NanoVoid models are now market-ready, with installations planned for various applications, including oil recovery [9][10] Future Outlook - The company is focused on scaling EasyFEN systems for multi-country deployments and accelerating NanoVoid installations across industries [10] - Management is committed to strengthening enterprise and retail distribution for Terreplenish, aiming to establish a leadership position in sustainable technology solutions [10]