Investor Presentation

UGE is building a significant, long-term value creation engine To develop a project, we invest... $0.03-$0.10/watt1 Development Expenses 2-3 years || Current Project Backlog³ 343MW + $0.40/watt² UGE starts to monetize developer surplus at NTP = What does this mean for UGE? Developer Surplus $137M Plus, recurring revenues of... $0.21/watt/year2 On projects over 20-25 years + 1 Development expenses - includes development period rent, interconnection costs, and other pre-NTP expenses 2 Representative numbers on typical projects developed by UGE 3 As of 09/30/2023 4 Average Annual Revenue - references through program life UGE TSXV: UGE | OTCQB: UGEIF Annual Operating Revenue 4 $83M 8

View entire presentation