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Investor Presentation

The project development process is complex; UGE is focused on consistently delivering projects to commercial operation Pipeline Pre-client Commitment Stages 1-2 Site Control Stage 3.0 Megawatts - Project rated capacity Fair Market Value -7% discount rate Average Annual Revenue - Recurring through program life In all cases Company's best estimates at the time of publication As of 09/30/2023 Development Pipeline Project Backlog: 343MW Development Stages 3.1, 3.2 & 3.3 Deployment Stages 4 & 5 Operating Stages 6 All dollar amounts in USD mm Megawatts Site Control Project Development Deployment Operating Fair Market Value per MW Total Fair Market Value Average Annual Revenue UGE 621 $3.20 327 16 4 $3.21 $3.14 $2.63 $1,992 $156 $1,049 $52 $10 $82 $4 $1 TSXV: UGE | OTCQB: UGEIF 12
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