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Investor Presentation

Multi Metric Performance Ambitious Extreme Business as Usual P Total Deployment Scenario TW bmt Material Lifecycle Demand Wastes bmt Energy Net Energy Demands Energy Balance PV ICE 191 10.1 5.1 TWh TWh Unitless 144,000 7,044,000 50 Benefits Harms 0 2 PERC SHJ TOPCon 188 8.2 2.1 122,000 7,569,000 63 4 0 188 7.8 2.0 116,000 7,719,000 67 4 0 188 8.0 2.1 119,000 7,644,000 65 4 0 IRENA reg. loss 265 11.0 4.2 193,000 6,995,000 37 0 4 Long-Lived 145 8.7 3.2 107,000 7,333,000 70 3 0 High Efficiency 263 12.2 8.1 150,000 7,699,000 52 Circular 401 9.3 1.2 154,000 7,034,000 47 1 High Eff + Long-life 189 9.0 4.7 110,000 7,740,000 71 3 2 2 O 0 Long Life + Recycling 152 8.8 2.9 112,000 7,328,000 66 3 0 Recycled Si + Long-life 227 8.2 1.3 147,000 7,041,000 49 2 1 Circular + Long-life 272 8.9 1.5 148,000 7,040,000 49 1 Circular + High Eff 401 7.2 1.9 137,000 7,051,000 52 Minimize Maximize 2 Maximize Minimize 2 bmt = billion metric tonnes Benefit Harm COLORADO SCHOOL OF MINES ONREL | 21
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