Electriq Power - Sustainable Community Networks Overview

SUSTAINABLE COMMUNITY NETWORKS (SCN) OVERVIEW electriq power Electriq partners with local government to provide sustainable and resilient microgrids to historically underserved communities Electriq Partners with Local Govt's Addressable market of single-family, owner-occupied homes Homeowner Signup Electriq co-markets SCN program to homeowners with signups expected over a 3-year period Installation and Commissioning Electriq is responsible for the permitting, installation and commissioning of systems Electriq Sells Systems to Third-Party Financier Electriq Power sells the turnkey solar+storage systems to third-party for approximately $28,000 per home $300MM+ Financing Electriq announced solar+storage financing in March 2023 with a major U.S. clean-energy company to support the implementation of SCNS throughout California Local Government Wins Promotes renewable energy under climate action plans Provides social equity to constituents Gains revenue stream without out-of-pocket expense Homeowner Wins Solar + battery storage at no upfront cost and no FICO score Estimated savings of up to 20% from comparable utility rates Gains backup system in the event of a grid outage 20-year+ PPA helps to establish a predictable energy price Project Finance Partner Wins Economic benefits: Federal ITC, accelerated depreciation, state/local incentives Designed to provide recurring, stable cashflows over 20+ years Desirable risk-adjusted returns Electriq Wins Acts as developer and installation company Receives upfront revenue and cash for assets Deploys energy storage systems in geographic concentrations Retains rights to use batteries for demand response (VPP) Recurring revenue for fleet management services and software Strictly Confidential / Not for Redistribution

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