Investor Presentation

U.S. Development Pipeline Totals Nearly 800MW1 Development Pipeline: 788MW ~2.7GW Pipeline Pre-client Commitment Stages 1-2 Site Control Stage 3.0 Project Backlog: 313MW Project Development Stages 3.1 - 3.2 Deployment Stages 3.3, 4 & 5 Operating Stages 6 All dollar amounts in USD mm Megawatts Fair Market Value per MW Total Fair Market Value Average Annual Revenue UGE Site Control Project Development Deployment Operating 476 $2.75 298 15 4 $2.38 $2.47 $2.63 $709 $10 $61 $1 $1,309 $105 $36 $4 Megawatts - Project rated capacity; Fair Market Value -10% discount rate; Average Annual Revenue - Recurring through program life. In all cases Company's best estimates at the time of publication 1 As of Q1 2023 (2023.03.31) TSXV: UGE | OTCQB: UGEIF 6

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