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Northland Power Corporate Presentation

North America Onshore Renewables Development Canada | Oneida Battery Storage 250 MW • • Largest battery storage project in Canada and one of the largest on the continent Development in partnership with NRStor Inc. and the Six Nations of the Grand River Development Corporation 20-year fixed price contract for revenue payments with the IESO in Ontario for the majority of the capacity from the project Northland is a majority owner in the Project and will lead its construction, financing, and operation. Double energy storage resources on Ontario's clean electricity grid from ~225 MW today to ~475 MW when the project is completed in 2025 • Financial close achieved in May 2023 0 NORTHLAND POWER 2022 2023 Acquired interest Oneida Battery Storage 250 MW 2023 2025 Secured 20- year offtake Financial Close contract Expected Commercial Operations
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