Investor Presentation

Bifaciality: Improves Net Energy Normalized Net Energy Σ Energy Generated - Σ Energy Demands Baseline But, only 10% 0.10 Net Energy Normalized [Fraction] 0.08 0.06 0.04 0.02 0.00 Extreme C Efficiency Lifetime Ambitious Material Circularity High Eff + Long-life + Long-Life + Long-life Recycling Recycled-Si + Long-life Circular Circular + High Eff PV ICE PERC SHJ TOP Con Low Quality Long-Lived High Eff Bifaciality improves net energy Bifaciality + Lifetime Maximizes net energy Circular COLORADO SCHOOL OF MINES ONREL 18

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