Long Duration Energy Storage Systems for a Cleaner Future
Capital Investment Will Enable Rapid Expansion
Net Cash for Growth
~$493m¹
EC
Increase
Manufacturing Capacity
Fully funds capital plan to increase
capacity from >250MWh in 2021 to
16GWh by 2025
TM
Launch Energy Center™
Deploy product that is optimized for
the fast-growing utility-scale storage
segment
Expand Sales Footprint
Hire new sales team members and
expand production footprint into
Europe and Australia
Strengthen Balance Sheet
Supports credit requirements to
convert large projects in pipeline
RESS"
INC
Further Extend
Technology Advantage
Higher performance electrolyte to
enable an 85% reduction in cost per
megawatt hour by 2025
PF 12/31/2020 net cash assumes funding of $27.5m of C-2 raise, of which $16m has yet to be funded; amount is expected to be funded prior to transaction close. Net cash also includes $1.5m
of restricted cash. For additional information, please refer to the Detailed Transaction Overview on p. 36 of this presentation.
CONFIDENTIAL|
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