Photo: Wind Farm

Vision and Concept

Vision and Concept

Vision

The Company's vision is:

  • To be a leading, innovative U.S. Independent Renewable Energy business;
  • To be identified as an ethical and responsible business by its stakeholders.

Mission

To realize the vision, the Company has set out its mission to:

  • Identify development opportunities that meet with our vision;
  • Develop the first offshore wind energy project in the Gulf of Mexico;
  • Recognise commercial potential in the global transition to a low-carbon, high-cost energy business environment;
  • Develop combined energy and information technology projects that deliver commercial symbiosis and consequently reduce or remove barriers to progress caused by infrastructure deficiency;
  • Maintain an awareness of developing technology and commercial factors that influence the deliverability and value of our projects;
  • Maintain positive relationships with government, industry and community contacts, particularly in the areas where we are developing projects, and
  • Where possible promote additional local community benefit by encouraging the development of support industries.

Objectives

  • First data center revenue by year end 2011;
  • First wind energy production by year end 2012;
  • Complete permitting for first offshore wind development by end of H1 2013, and
  • First offshore wind energy production by end of Q3 2014.

Strategy

Management intends to achieve the objectives through:

  • Establishing a core management and development team headquartered in Austin, Texas;
  • Extending the capability of the management team by contracting with reputable, experienced consultants and contractors to assist with project design, permitting and delivery;
  • Hiring additional core management personnel as required;
  • Hiring an experienced data center operations specialist to assist with configuration of data center service offering to maximise attractiveness to prospective customers, and
  • Developing and maintaining commercial relationships with equipment suppliers and seeking their commercial involvement where they stand to benefit from Baryonyx projects being constructed.

Short Term Goals (2010-2012)

  • Secure development permits for the Dallam Ranch Data center project and proceed to finance the first phase of construction in order to demonstrate the business concept;
  • Secure first data center capacity sales contract to support financing of the Dallam Ranch Project;
  • Finance and construct the Phase 1 Dallam Ranch Windfarm;
  • Identify and secure land for data center development in the South Texas area to compliment the offshore wind energy developments; and
  • Acquire additional onshore and offshore development opportunities.

Longer Term Goals (2013-2020)

  • Secure permits for the construction of offshore windfarms in the Gulf of Mexico;
  • Contract and finance the offshore windfarms together with a farm-down of interests to offset development equity requirements;
  • Finance and construct the Phase 2 Dallam Ranch Windfarm;
  • Finance and construct the Phase 2 Dallam Ranch data center, and
  • Achieve a valuation and potential exit opportunity for early shareholders.