Stem SPAC Presentation Deck

stem The Grid is Being Transformed, Decentralized and Democratized More distributed Power used to be all bulk centralized generation...now it is distributed and islanded to enhance reliability & resilience - requiring new solutions and business models More complex Power used to flow in one direction... now it flows bi-directionally requiring new coordination and optimization systems More dynamic Power used to be predictable and controllable...now it is generated from a multitude of intermittent assets - requiring intelligent, adaptable 24/7 management Source: McKinsey. STEM AI POWER SECTOR Intermittent Generation Distributed Generation STEM Confidential 13 100 Generation Substation End Consumers Transmission

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