Investor Presentaiton
Key developments towards 2025 targets
Revised Kyoto targets
2022
o First commercial installation
• Signing of several
commercial orders, with
large industrial companies
o Doubling of organization
• Explore M&A opportunities
and financing
2023
。 New installations in H2 2023
o Signing of 5-10 commercial
orders anticipated
o HaaS / HaaP volume split of
around 50/50 anticipated
o Solid market presence in Spain
established
o Organizational scale-up
capabilities well established
2024
o Strong foothold in key
markets established
o Accelerating industrialization
of the Heatcube
o Signing of additional 10-20
commercial orders
anticipated
o Increasing focus on
profitability, approaching
break even
2025
> 2000 MWh storage
capacity installed
o EBITDA break-even
o LCOS <15* EUR/MWh
o CapEx <40 EUR/kWh
o A billion NOK revenue
company
*LCOS = Levelized cost of Storage Capacity
KYOTOView entire presentation