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Investor Presentaiton

H₂ 2 6 Green Hydrogen JSW Energy . India's Market Potential Significant H2 demand India 2nd largest hydrogen demand base in the world - H2 demand expected to grow to ~24 MMT by 2050; can spur USD 65-70 Bn investments in incremental RE capacity National Hydrogen Mission • Announced in the Union Budget 2021 for making a hydrogen roadmap for the country Government announced Green hydrogen obligation for Fertilizers and Refinery sector India's Clean Energy commitments Green H₂ adoption can contribute to emission reduction in allied sectors India has low RE tariff's: Electricity is -80% of Cost of Green H₂ JSW's Plans ✓ To tap significant clean energy market opportunity in India and become a front-runner in a future hydrogen economy Signed an agreement with Australia's Fortescue Future Industries Pty Ltd (FFI) to collaborate and conduct scoping work on potential projects relating to the production of green hydrogen ✓ Green H2 Pilot Project at Vijayanagar the same is near completion ✓ Utilisation potential across: green steel making green ammonia • chemical derivatives . hydrogen mobility • other industrial applications - Scoping for I JSW Energy Investor Presentation Source: Press information Bureau - India, Company Market Research, Hydrogen Policy Study by ASSOCHAM 16
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