ADA Environmental Solutions     
FBR Capital Markets Investor Conference
November 27, 2007
NASDAQ:ADES
A Leader in Clean Coal Technology
Exhibit 99.1


-2-
This
presentation,
including
the
materials
that
follow,
contain
forward-looking
statements
within
the
meaning
of
Section
21E
of
the
Securities
Exchange
Act
of
1934,
which
provides
a
"safe
harbor"
for
such
statements
in
certain
circumstances.
These
statements
are
based
on
current
expectations,
estimates,
forecasts,
and
projections
about
the
industries
in
which
we
operate
and
the
beliefs
and
assumptions
of
our
management.
Actual
results
may
vary
materially
from
such
expectations.
These
statements
are
prefaced
by
words
or
phrases
such
as
“believe,”
"will,"
"hope,"
"expect,"
“anticipate,”
"intend,"
"plan,"
“potential”
and
“propose,”
the
negative
expressions
of
such
words,
or
words
of
similar
meaning.
Such
forward-looking
statements
include,
but
are
not
limited
to,
statements
or
expectations
regarding
future
revenues
or
other
financial
measures,
anticipated
projects
and
new
contracts,
anticipated
growth
in
the
markets
we
serve
and
related
items,
including
our
position
in
those
markets.
Such
statements
involve
significant
risks
and
uncertainties.
Actual
events
or
results
could
differ
materially
from
those
discussed
in
the
forward-looking
statements
as
a
result
of
various
factors
including
but
not
limited
to
changing
economic
conditions,
market
demand
for
ADA-ES’
products
and
services,
changes
in
technology,
failure
to
satisfy
performance
guarantees,
availability
of
federal
funding,
availability
of
private
financing
which
will
be
needed
to
implement
our
expansion
plans,
changes
in
laws
or
regulations,
results
of
demonstrations
of
our
own,
and
other’s
licensed
technologies,
operational
difficulties,
availability
of
skilled
personnel,
and
other
factors
which
we
discuss
in
detail
in
our
filings
with
the
U.S.
Securities
and
Exchange
Commission.
You
are
cautioned
not
to
place
undue
reliance
on
the
forward-looking
statements
made
in
this
presentation,
and
to
consult
filings
we
make
with
the
U.S.
Securities
and
Exchange
Commission
for
additional
information
concerning
risks
and
uncertainties
that
may
apply
to
our
business
and
the
ownership
of
our
securities. 
The
forward-looking
statements
contained
in
this
release
and
the
conference
call
are
made
and
based
on
information
as
of
the
date
of
this
release.
We
assume
no
obligation
to
update
any
of
these
statements
based
on
information
after
the
date
of
this
report,
unless
required
by
law
to
do
so.


-3-
Overview
ADA Environmental Solutions develops environmental
technology and specialty chemicals for the coal-fired
power plant market
Recognized emission control industry experts
Senior staff collectively has over 200 years experience
developing emission control technology


Financial Highlights
Cash flow positive &
profitable on an annual
basis since 2003 spin-off
5.8 million diluted shares
outstanding
50%+ held by institutions
~15% held by insiders
and employees
Balance sheet highlights (at
9/30/07):
Cash and investments of
$19.2 million
Working capital of $16.0
million
No long-term debt
Shareholders’
equity of
$28.3 million
Market cap $63 million
(10/31/07)
-4-


-5-
Investment Highlights
Three significant growth opportunities:
1.
Mercury control from power plants
Leading provider of engineering services and equipment
Well positioned for potential $1-3B/yr Activated Carbon (AC) 
market from pending Federal regulation
(existing rules create $200-400mm market for AC)
Undertaking large capital projects ($260mm to $1.5B) to
vertically integrate in production of AC
2.
Marketing Refined Coal (IRC Section 45) product
for older plants
Technology meets technical criteria for federal tax credits of
approximately $6 million per plant per year
3.
Developing control technology for greenhouse
gas CO
2


-6-
New Emission Control Markets Generate
Three Sequential Revenue Opportunities
1.
R&D/Engineering Services
DOE and industry sponsorship
2.
Low-cost capital equipment
Typical
emission
control
equipment
for
NO
x
and
So
x
control: $25 -
$100mm
ADA equipment for mercury control: ~ $1mm
3.
Continuous revenue streams from AC and Refined Coal
$100mm to $1B total annual markets
A Razor and Razor Blades Business Model


-7-
Past Actual and Estimated Future
Revenue by Product Segments (1)
Based on a Single AC Production Line
(1)  See Assumptions on Slide 37
0
100
200
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Other
Engineering Consulting
Equipment
Chemicals


GROWTH AREA #1
-8-


-9-
ADA-ES Technology is Low Cost and
Simple to Implement
Scrubber
Removes SO
2
Particle Capture
AC
Injected Here
AC Storage and
Feeder
AC with Mercury 
Collected Here
Activated Carbon (AC) Injection for Mercury Control


-10-
R&D Funding for Technology Development
1985-1996:  Awarded 50+ R&D contracts exceeding $40 million
2000:  Won $1.7 million DOE flue gas conditioning program
2001:  Won $6.8 million DOE mercury control program
2002:  Won $2.4 million DOE follow-on mercury control program
2003:  Won $8.8 million DOE full-scale mercury control program
2004:  Won $9 million contract with We Energies under $53 million
mercury control program (50% funded by the DOE)
2004:  Won approx. $5 million contract for 4 additional sites
2006:  Won $7.5 million DOE mercury control project for 2 plants
2006:  NexGen JV may provide up to $5 million over next three years
2006:  DOE
award
for
development
of
ADESORB
,
a
proprietary
process to produce activated carbon
2006: $4
million
DOE
subcontract
for
sorbent-based
CO
2
control


-11-
Technology Demonstrations Provide Basis for
Bidding and Guaranteeing Hg Control
Tested ACI using western coal
Tested ACI using eastern coal


-12-
Market Drivers: Regulations for Hg Control
Existing Rules Create $200-400 Million AC Market
State with proposed legis/regs
more strict than CAMR (13)
State with firm legis/regs
more strict than CAMR (13)
Planned plant that has ordered mercury control system
Plant with consent decree limiting mercury emissions
State currently accepting CAMR (24)
P
Total Existing Coal-Fired Capacity
MW
24,000
12,000
2,400


-13-
Prospects for New Federal Legislation
Expected to Create $1 Billion AC Market
EPA sued by multiple states and environmental groups re:
CAMR
DC District Court scheduled to hear oral arguments in
December
Bills requiring 90% mercury control for all power plants
recently introduced in both the Senate and the House
Bipartisan support


-14-
Activated Carbon Injection (ACI) Equipment
for Mercury Control


-15-
ACI Equipment Sales:  Status
Approximately 70 contracts for ACI systems have been
awarded by power companies for mercury control to date
ADA maintains a ~50% market share
The rest are split between 7-8 other companies
Expect to bid on 50-100 systems in 2008-2009
Working closely with largest utilities in the U.S. and Canada
Key supplier of mercury control technology to major air
pollution control companies
Babcock and Wilcox, Alstom Power, Hamon Research
Cottrell, and Hitachi, among others


-16-
In 2007 ADA More than Doubled Its
ACI Systems Engineering Team
Improved Designs Have Reduced Costs by 20%


-17-
New Market for Activated Carbon Created
for Mercury Control
0
500
1,000
1,500
2,000
Activated
Carbon
(millions of
lbs / yr)
Current H20
AC Market
Developing
Market for Hg
Control
Total AC
Market
2006
2010E
2015E
ANNUAL U.S. MARKET
Significant production gap identified
New Market based
on existing
regulations
New Market
based on anticipated
Federal regulation


-18-
Activated Carbon (AC):  Current and
Near-Term Supply Capacity
Current AC market in US: approx. 450 million pounds
per year
Primarily used for drinking water treatment
90% provided by Calgon, Norit and Mead Westvaco
400 million additional pounds per year will be needed by
2010 for initial mercury control market
Potential 1 Billion pound per year by 2012-2015
New AC production plants are necessary for new
mercury control market
Can take 4 to 6 years to develop
ADA is implementing plans to build new production
plants to meet expected AC demand by customers
Plan to have one plant operational by Q1 2010


-19-
Recent Activated Carbon Market Activity
AC pricing in water treatment has risen 80%
compared to last year
Last Spring, four utilities issued RFPs for AC
since Q2 2007
Up to 200 million pounds per year requested
3, 5, and 10-year terms requested
All requests for higher-priced Treated Carbon
(TAC) for Western coals
TAC quoted by AC suppliers at $1.00/lb and
above


-20-
ADA-ES New Activated Carbon Production
Largest AC plant(s) in North America 
Capital cost:  > $260mm per production line
Annual production approx. 125 to 175 Million pounds of AC
IRR expected to be greater than 25%
4-6 year process:
Test products
Secure lignite feedstock
Design plant
Select site
Permits filed and pending
Equipment procurement
Permits issued/Construction
Permitting multiple sites:
goal of AC production by Q1 2010
ADA’s current
stage


-21-
Permitting AC Plants at Three Lignite
Mine-Mouth Sites (Two Lines per Site)
1.
Adjacent to Red River Mine in NW Louisiana
2.
Adjacent to Falkirk Mine near Bismarck, ND
3.
Alternate ND site to be announced


-22-
Project Team for Greenfield AC Plant
MANAGEMENT, SITING, ENGINEERING, PROCUREMENT
& CONSTRUCTION
Emission
Strategies
Inc.:
Project
management
Ramco Generating Two:
Siting & project development support
Highline Consultants, LLC:
Engineering and environmental
management
Harris Group, Inc.:
Engineering
East Mountain Consultants, Inc.:
Project Controls
Andover Technology Partners:
Market and alternatives analysis
Misc:
Engineering cross-checks, surveys & geotech
TBD:
EPC
TBD:
Owner’s engineer
TBD:
Owner’s construction management
OPERATIONS & ENVIRONMENTAL
Zephyr Environmental Corporation:
Permitting
Resource Catalysts:
Environmental
AOR, Inc.:
Brand Development
Steve Young (ADA-ES):
Process development & Ops
Ken Baldrey (ADA-ES):
AC production R&D
Hazen Laboratories:
Pilot & product testing
TBD:
Plant operations contractor
FINANCE & LEGAL
4M Corporation:
Finance & market analysis manager
Strategic Initiatives:
Corporate finance advisor
Investment Bank:
Credit Suisse
TBD:
Equity Manager / co-manager
TBD:
Strategic equity partner
Schuchat,
Herzog
and
Brenman:
Corporate
counsel
Fox Rothschild:
Lead counsel & legal team management
Ayres Law Group:
Environmental group outreach &
legislation
Hogan & Hartson:
Contracts & environmental attorneys
John Adams Associates:
Public relations
The Equity Group:
Investor relations
Blanchard, Walker, O’Quin & Roberts:
LA counsel
Kean Miller:
LA environmental & transmission attorneys
Kelsch Kelsch Ruff & Kranda:
ND counsel
SALES & MARKETING
Jon Barr (ADA-ES)
Rich Miller (ADA-ES)


-23-
Anticipated Greenfield Funding
60% debt project financing
Long-term off-take contracts expected to provide backing
40% equity including:
ADA-ES balance sheet and equity issuance
Current shelf registration of 3 Million shares expected to be
brought to market prior to financial close in 2008
Anticipated equity from strategic partner(s) for a 49%
partner with “smart money”
who can provide additional
expertise / capabilities:
Plant operations
EPC oversight
Transportation
Sales and marketing
Contracting
Financial assurance capacity


-24-
Estimated
Greenfield
AC
Plant
Economics
(1)
Based on Annual
revenue ~ $100 million
-TAC 68%
-PAC 29%
-Power 3%
(1)  See Assumptions on Slide 37
EBITDA
70%
Consumables
Interest
Depreciation
Taxes
Net Income
12%
Labor-GA-Maint.  11%
16 %
28 %
14%
19%


-25-
Upcoming Milestones for Greenfield Plant
Milestone
Date
Status
(11/27/07)
File for air permit in LA
August 2007
Filed
Banking & Financial Advisor
August 2007
Credit Suisse
File for air permit ND1
September 2007
Filed
EPC Contractor selected
October 2007
In Negotiation
File for air permit ND2
October 2007
Major equipment ordered
December 2007
In Procurement
Construction permits granted
March 2008
Out Take Contracts
February 2008
Marketing
Strategic Partner
February 2008
In Negotiation
Financial close
March 2008
Unit 1 operational
Q1 2010


-26-
ADA’s Interim Supply Plans
Goal is to have sourcing in place to supply AC to
utilities beginning in 2008
Sourcing
Critical for interim period
Beneficial addition to longer-term supply
shortages
Foreign and domestic supply
Storage and Treatment
Estimated capital costs for facility <$5m


GROWTH AREA #2
REFINED COAL
ADA-ES opportunity through
joint venture with an affiliate of
NexGen Resources Corporation


-28-
Refined Coal:  CyClean
American Jobs Creation Act of 2004 provides 10-year
Refined Coal tax credit of approximately $6/ton
Coal is deemed “refined”
if:
20% reduction in NO
x
and 20% reduction in SO
x
or Mercury
and 50% increase in market value
ADA-ES Refined Coal process:
For Cyclone boilers
Adds proprietary chemicals on Western Coal
Burns cleaner and more efficiently
Reduces emissions
Provides fuel flexibility


-29-
CyClean Business Model
50/50 Joint Venture with NexGen Resources
Clean Coal Solutions, LLC
NexGen must pay $5mm upon tax credit qualification to maintain
its 50% interest in the venture
Expected Clean Coal Solutions revenue from:
CyClean sales
Monetized tax credit -
shared with customers
CyClean Target Market:
Total 60mm tons of PRB coal per year burned in cyclones
Near-term market: 20mm tons per year
States with aggressive mercury regulations
Older, stranded cyclones with fewer options


-30-
0
25
50
2006
2007
2008
2009
2010
2011
2012
Rev Low
Rev Mid
Rev High
EBITDA
Refined Coal –
Estimated Revenue & EBITDA
(1)
(1)  See Assumptions on Slide 37
Based on 10 Million Tons of Refined Coal Per Year


-31-
Status:  CyClean Refined Coal
Completed three full-scale plants exceeding tax
credit emission reduction levels that can qualify
for the tax credit
Patents and patent-pending on key technology
Marketing effort underway
Seeking legislative clarification for “50%
increase in market value”
requirement


GROWTH AREA #3
CONTROL OF GREENHOUSE EMISSIONS: 
CARBON DIOXIDE


-33-
ADA-ES CO
2
Control Business Plan
In pre-market period, use funding from electric power
generators and DOE
Awarded a subcontract on $4mm DOE program for
sorbent-based CO
2
control
Received initial utility funding to advance ADA technology
Seeing a rapid growth in funding available to address the
CO
2
issue
Develop technology with a focus on the existing fleet of
1,100 boilers
Focus on technology that will have a component that
creates a continuing revenue stream
Potentially largest new market opportunity


FINANCIAL OVERVIEW


3
rd
Quarter Summary
-35-
Quarter ended 9/30/07 vs. Q3’06
Revenues increased 26% to $5.6 million
Gross margin rose 45% to $1.9 million or 33.4% of
revenues versus $1.3 million or 29.0% of revenues
for Q3 ‘06
Backlog on ACI equipment doubled sequentially
from $6 million in Q2 ’07 to $12 million in Q3 ‘07
Operating income was $34,000, compared to an
operating loss of $(63,000) in Q3 ‘06
Net income was $215,000 or $0.04 per diluted
share, versus $(128,000) or $(0.02) per diluted
share in Q3 ‘06


-36-
Past Actual and Estimated Future
Revenue by Product Line (1)
Based on a Single AC Production Line
(1)  See Assumptions on Slide 37
0
100
200
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Other
FGC
Mercury
Refined Coal
CO2


-37-
Assumptions
Actuals, 2007 Budget, 2008 –
2012 Projections
1.
Revenue / EBITDA
A.
Mercury
i.
Achieve 50% of available ACI equipment market
ii.
Greenfield Activated Carbon Plant Project
a)
Single production line in place by end of Q1 2010
b)
Current spot pricing for AC
B.
Refined Coal
i.
Sell 10 million tons CyClean per year
ii.
$6/ ton tax credit, shared 50% with customer and monetized
C.
Declining
FGC
revenues,
Increasing
CO
2
consulting
D.
EBITDA based on mid-point estimates
2.
Greenfield Activated Carbon Plant Economics
A.
Current price quotes for lignite, labor, and equipment
B.
Average of first ten years of production


-38-
Summary
ADA-ES has been instrumental in creating a new mercury
control market
Existing rules: estimated 150 ACI systems, 400 mm lbs/yr AC
Pending Federal Rule: estimated 600-700 ACI systems, 1 B
lbs/yr AC
Already a leading provider of engineering services and
equipment for the mercury control market
Building new AC plants for this market
Operating permits for 6 production lines expected Q1-2 2008
Well positioned to respond to AC demand by Federal rule
Progress with Refined Coal; substantial market opportunity
Developing control technology for Greenhouse gases
The next big opportunity in Emission Control
Strong financial position and growing revenue base