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Investor Presentation

Remaining Challenges and Barriers Challenges and barriers: • Delayed commissioning of the electrolyzer system (currently Expected for May 2023) Next steps: . Metering and monitoring needs for research vs. commercial systems. • Preparing hydrogen system sizing and demand scenarios along with system testing and • • . characterization procedures. Hardware system characterization using demand profiles and test procedures from scenarios above. Creating scalable digital twin for modeling and analysis. System optimization with Renewable Energy Integration and Optimization (ReOpt) tool. HIL testing along with emulation in the Advanced Research in Integrated Energy Systems (ARIES) virtual network for pilot scale, decentralized and centralized hydrogen production. Reporting results. NREL 17
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