Joule Names John Ward Senior Vice President of Production

Joule Unlimited, Inc.

Joule Names John Ward Senior Vice President of Production

July 20, 2010

Cambridge, Mass. – July 20, 2010 – Joule Unlimited, Inc., pioneer of Liquid Fuel from the Sun™, today announced the appointment of John Ward as Senior Vice President of Production, overseeing the company's scale-up planning, direction and construction as it advances towards commercial production of solar-derived, renewable fuels and chemicals. This will include management of Joule’s site selection and related partnerships with CO2 emitters to drive Joule's process, as well as assisting in the deployment of commercialization partners' production facilities.

Mr. Ward brings substantial experience to the role, having led the design, construction, validation and operations of biopharmaceutical facilities for more than 20 years. This includes the successful management of billion dollar construction programs and the proven ability to take emerging technologies from testing stages to commercialization. He most recently served as Vice President of Engineering and Facilities at Biogen Idec, a $4 billion biotechnology company where he held global responsibility for engineering, construction, validation, facilities management, and environmental, health, safety and security, among other functions.

"With our technology proven and aggressive scale-up plans in place, John brings considerable expertise to help guide Joule through this next exciting stage of growth, particularly in large-scale construction and all aspects of facilities management," said Bill Sims, President and CEO, Joule. "His knowledge of building successful commercial operations around sophisticated new technologies will be a tremendous asset, ensuring that critical process and production milestones are met throughout our current pilot program and beyond."

"It's an incredibly exciting time to join Joule, a highly-promising company in a stage that perfectly aligns with my background and in an industry that's ripe for transformation," said Mr. Ward. "I look forward to joining Joule's talented leadership team to bridge the essential steps between the lab and a highly-productive commercial operation that will sustain ever-growing global fuel demands."

Among Mr. Ward's numerous accomplishments, he is a pioneer in the use of modular construction and gray space in biopharmaceutical facilities. He has designed, built and started up over 280,000 liters of cell culture facilities, and has overseen the design and implementation of multiple "green technology" buildings and systems. Mr. Ward was previously a project manager at Fluor, a FORTUNE 500 engineering and construction firm, where he specialized in biopharmaceutical design and construction. He holds an MBA from the Stephen M. Ross School of Business at the University of Michigan, BE and ME degrees in Chemical/Biochemical Engineering from Dartmouth College, and an AB in Physics from Hamilton College.

About Joule Unlimited, Inc.

Joule is pioneering the production of Liquid Fuel from the Sun™, surpassing today’s barriers to abundant, sustainable, cost-competitive supply. Its transformational Helioculture™ platform converts sunlight and waste CO2 directly into liquid fuels in a continuous process that is not limited by costly biomass intermediates, processing or use of precious natural resources. This platform can yield renewable diesel fuel in unprecedented volumes with a fraction of the land use incurred by current methods, leapfrogging biomass-dependent approaches and eliminating the economic and environmental disadvantages of fossil fuels. Founded in 2007 by Flagship Venture Labs, Joule is privately held and headquartered in Cambridge, Massachusetts. Additional information is available at www.jouleunlimited.com.