Investor Presentation

Select FPV Technical Potential Assessments Global Assessments: Lee et al. 2020 Jin et al. 2023 Subnational Assessment Colorado (Liber et al. 2020) Saguac Cust Heip Generation (GWh/year! 800 to 1,000 600 to 400 400 to 600 200 to 400 <200 Capacity Factor (percent) 19 to 20 18 to 19 Spencer et al. 2019 Kakoulaki et al. 2023 • A Site specific assessment also conducted considering evaporation, algae, wildlife, water quality, and land-use trade-offs. 17 to 18 16 to 17 © <16 Campos Lopes et al. 2022 Gonzalez Sanchez et al. 2021 Joshi et al. 2023a Differences in: Waterbodies assessed, scenarios, assumptions, data sources etc. NREL 17

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