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Investor Presentaiton

Malta product specifications and capabilities ■ Long Useful Life: Over 30 years without capacity degradation ■ Wide power range at high efficiency - System can operate from <35% to 100% power at near constant efficiency Environmentally friendly - all raw materials are fully recyclable and abundantly available. ■ Rotating Inertia: Malta Turbomachinery derived from heavy-duty GT and ST systems, significant rotational inertia in charge and discharge modes: ■ Malta's charge powertrain Rotational Inertia: 799 MW s ■ Malta's generation powertrain Rotational Inertia: 684 MW s ■ Start time from "Ready to Start": <7 min to 25% load (charge and discharge); ☐ Ramp rate: >15% per min (power ramp up or down) Key Characteristics Roundtrip Efficiency (at POI) Roundtrip Efficiency (incl thermal) Economies of Scale Expected Useful Life Annual Degradation Standby Heat Loss Standby Load Duration Expansion post-COD Freq Response (Droop Control) Reactive Power Voltage Management Inertia Blackstart Capability Malta PHES 52-60% 90%+ Significant 30+ yr, 10,000+ cycles <0.15% <0.5%/day 1200-1500 kW × (tbd) District Heat Applications Commodity Risk None Charge time = discharge time Yes MALTA PROPRIETARY AND CONFIDENTIAL 11
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