Alan K. Forbes, President and CEO

A highly regarded energy industry veteran, executive, private investor, and entrepreneur, Mr. Forbes leads the strategic direction and overall management of the company. During his 25+ year tenure in the energy industry, Mr. Forbes has launched and grown more than a dozen energy-related ventures, including advanced power generation systems, Internet security technologies, an energy industry portal and monitoring and control systems. Before becoming a private investor and entrepreneur, Mr. Forbes held management positions with leading engineering firms including Fluor, Gibbs and Hill (acquired by Raytheon) and Kiewit. During his extensive career, he has led major projects for many top domestic and international energy organizations, including PG&E, Florida Power and Light, PacifiCorp, Xcel Energy, ARAMCO, and the governments of China and Pakistan.

Marshall T. Savage, Vice President, Technology Development

A visionary and innovative thinker, Marshall Savage has broad entrepreneurial experience in a variety of fields including energy development. He is the inventor of Geothermic Fuel Cells and has primary technology development responsibility for the company, including ongoing patent applications, design refinement, and prototype development. Mr. Savage was the founder and President of West Anvil Water & Power Company, established to develop the Webster Hill reservoir and hydropower project on the Colorado River. Mr. Savage joined a co-venture with the Shale Energy Corporation of America to develop an oil shale project on lands owned by the Savage family. The Savage family is very active in the development of natural gas, real estate, water, timber, and wind power. Mr. Savage continues to participate in all of these activities on a limited basis.

Roger Wertheimer, Legal Advisor and Corporate Secretary

Roger Wertheimer has over 20 years experience in the practice of law, with a diverse range of skills and accomplishments that include his having led and managed the legal departments and affairs of two large multi-billion dollar public and private companies. His background and expertise extends to large and complex commercial contract negotiations, corporate finance, mergers & acquisitions, human resources and industrial relations, risk management, litigation, securities law, intellectual property and more. Mr. Wertheimer’s responsibilities for IEP include those customarily associated with general counsel, including land mineral lease acquisitions, Series A corporate financing and related transactional documentation, assisting in IP development, strategic planning, and implementation of IEP’s Business Plan. Mr. Wertheimer is licensed to practice law in Colorado and Ohio.

Consultants/Strategic Relationships

In addition to its core management team listed above, IEP is working with partners who are leaders in their respective fields to support the implementation of its business plan.

Battelle/Pacific Northwest National Laboratories

For development of the GFC technology, IEP has reached agreement with Battelle/ Pacific Northwest National Laboratories (PNNL), a national research laboratory of the U.S. Department of Energy. Battelle/PNNL is a recognized expert in the development of solid oxide fuel cell (SOFC) technology central to the GFC approach. Battelle/PNNL has extensive laboratory and modeling capabilities and an experienced staff in all aspects of SOFC design, characterization, assembly and testing.

Gary Aho, President Sage Geotech Inc.

IEP has retained the services of Mr. Gary Aho, President of Sage Geotech Inc. to provide geologic expertise on lease prospects, in-situ recovery processes and ongoing support in connection with the development and deployment of IEP’s GFC applications. Mr. Aho has been at the forefront of oil shale development since 1979, and is considered one of the leading industry experts in virtually all aspects of developing oil shale resources.

Richard T. Stuebi

Mr. Stuebi has previously served in a management capacity with IEP, and remains a consultant to the Company, providing advice on matters of strategy and financing. He is currently the BP Fellow for Energy and Environmental Advancement at The Cleveland Foundation, where he is leading efforts to catalyze business activity in Northeast Ohio in advanced energy technologies, including fuel cells. He is also the Founder and President of NextWave Energy, a professional advisory services firm providing business development support to companies with interests in new energy technologies. Richard has 20 years of experience as an entrepreneur, executive and consultant in the energy industry, and correspondingly has broad and deep knowledge and contacts to offer IEP.

Major Oilfield Services Company

IEP is in advanced discussions with two of the leading oilfield services companies to obtain expertise in drilling/operations management and fractionation techniques. It is expected that one of these firms will take a leading role in managing the field development of IEP’s operations of GFC installations.