Investor Presentaiton

Minigrids A $1.1M) MINIGRID AT THIS SITE GENERATES A15% PROJECT IRR, SAVES $110,000/YEAR AND PROVIDES BETTER SERVICE Proposed Solution ■ Levelized cost of electricity is $0.40/kWh Minigrid with 470 kW solar, 668 kWh battery, and 220 kW diesel backup can meet overlapping load of residential and commercial loads 5 km low-voltage distribution system ■ Upfront capital cost of $1.1 million Project Economics kW Predictable $31,000 monthly revenue that would grow over time 250 200 150 100 Onyen-Okpon Load 50 Customer Savings and Benefits ■ Customers save up to $0.12/kWh (#42/ kWh) compared with diesel self- generation, or $0.03/kWh (#11/kWh) compared to petrol Customers save time and money usually spent on operations and maintenance Businesses significantly enhance productivity with 95%+ system uptime Commercial uses can scale up, with enhanced economic flows to the community coming from added value. through additional cocoa processing Source: RMI analysis RURAL ELECTRIFICATION AGENCY 400 200 00:00 02:00 04:00 06:00 08:00 10:00 12:00 14:00 16:00 18:00 20:00 22:00 Minigrid Dispatch-Example Weekday 0 3 Optimal System Sizing 69 12 15 18 21 24 Generic flat plate PV Power Output Autosize Genset Power Output AC Primary Load Generic 1kWh Lead Acid Discharge Power 12

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