Advent Investor Day Presentation Deck

Scale-up ADVENT $/kW Scale-up Manufacturing of MEA Steep decline in price as volume increases $900 $800 $700 $600 $500 $400 $300 $200 $100 $- 2023 2024 2025 2026 2027 2028 2029 2000 1800 1600 1400 1200 1000 800 600 400 200 MW/year -$/kW -MW/year wwwww

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