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Investor Presentaiton

HISTORICAL AND EXPECTED TIMELINE OF PROJECTS Ocean Sun 50m² prototype in Singapore, deployed to study operations with high humidity and high ambient temperature and to serve as a demonstrator for potential customers in Asia. 2000m2 demo on hydro power in Philippines. The system was ordered by SNAP1, who is the owner of the power plant to serve as a demonstrator of the technology and to prove functioning operations within the typhoon belt. The unit is still operational. The system is designed to withstand wind speeds up to 275 km/h and water level variations of 30m 17 Expected installation of 100 MWp for EN Technology. Additional 400+ MWp potential under license agreement² Kil Targeting substantial market share: installing 500+ MWp Apr 2017 Jan 2018 Jul 2018 Jun 2019 Aug 2019 A 2,000m2 unit was deployed in collaboration with Lerøy Seafood. The system was built to power part of Lerøy's feeding infrastructure (off-grid). The unit endured several winter storms with waves measuring up to 3m. Five of the panels were later laboratory tested and showed no damage. Q4 2020 2021 0.5 MWp of 2 MWp full scale demonstrator project for Statkraft Remaining 1.5 MW p expected installed early in 2021 Occan After validating the concept at Elvebakken, Oslo and NTNU in Trondheim the Company built its 1st prototype east of Bergen, Norway. The 300m² circular floater carries 24 PV modules. The system is still in operations, four years later and has endured the harsh weather of the Norwegian west coast without any damages and with minimal maintenance. Source: The Company DNV-GL In collaboration with DNVGL Singapore, Ocean Sun deployed a small floater to study the benefits of direct cooling and for benchmarking the power efficiency of Ocean Sun solution compared with ground mount and pontoon-based solution. Note: 1) JV between SN Power and Aboitiz Power Corporation. 2) Subject to customer discussions and agreement. Illustration: Statkraft, Banja 2023 33 33
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