Green Energy, On Demand

% of power generation Renewable energy growth The need for storage 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% T 2022 2023 Generation capacity forecast for NEM Renewable energy is expected to increase to 83% of NEM total power supply in 2055 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Genex | Green Energy, On Demand | Presentation 2036 2037 2038 2039 2040 2041 2042 2043 Solar Wind ►Coal 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 2054 2055 Source: Genex estimates +4 Growing penetration of renewable generation underpins the business case for storage $ Large-scale storage will maximise renewable energy availability (particularly solar) 8

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