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Investor Presentation

FPV Hybrid Operational Modeling (2/2) Key Findings: Compared to a Stand-Alone FPV system, hybridizing FPV with hydropower helps: Conserve water by shifting hydropower generation to other periods of the year (top graph). Hydropower Generation (MWh) 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Hydropower Only Standalone FPV Oct. Nov. Full Hybrid Dec. 2,500 Figure. Annual Hydropower (Top) and FPV Generation (Bottom) in Different Scenarios Lower PV curtailment when transmission constraints cause curtailment (bottom graph). Reduce dependence on other types of generation, such as gas-fired generation, by reducing PV curtailment. Floating PV Generation (MWh) 2,000 1,500 1,000 500 Source: Gadzanku et al. (2022) 0 Jan. Feb. Mar. Apr. May Jun. Jul. Standalone FPV Aug. Sep. Full Hybrid Oct. Nov. Dec.. NREL 15
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