Alternus Energy SPAC Presentation Deck

4 UNPRECEDENTED MARKET FORCES CREATE A GENERATIONAL OPPORTUNITY August 2022, The United States passed the Inflation Reduction Act of 2022 (IRA), which provides $369 billion for climate and clean energy provisions Significant Tax equity benefits increasing the attractiveness of solar 69% increase in solar deployment across America by 2030 $600bn investment¹ AEG has a growing pipeline in the United States Solar employment to double to 538,000 by 2032 "Despite the headwinds presented by ongoing cost inflation and supply chain challenges, demand for clean energy sources has never been higher, and we expect that the global energy crisis will continue to act as an accelerant for the clean energy transition." Albert Cheung, Bloomberg Notes: (1) Source: IRA Fact sheet, www.whitehouse.gov (2) European commission EU Solar Energy Strategy (May 2022) The Russia-Ukraine war has shined a spotlight on Europe's dependency on Russian energy whilst exacerbating the Energy crisis EU Solar target of 600 GWac by 2030 from 136 GWac EOY2020 EU Led Reforms² Increased Energy Prices: REPowerEU Package Removing reliance on Russian Energy whilst producing clean energy 1. Ukraine-Russia war 2. Drop in Nuclear output 3. Hydro output reduced from drought Solar planning laws to be simplified to expediate delivery Alternus Overview 18 "Energy security is one of the most pressing topics for ... Europe. The EU will diversify away from Russian fossil fuels and will invest heavily in clean renewable energy. Ursula von der Leiden, President of the European Commission

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