Investor Presentation

Project Backlog (MW) Consistently Exceeding Targets U.S. Project Development Backlog 400 375 350 325 300 275 250 225 200 175 150 125 100 +53 15x Growth In project backlog since strategic pivot in 2020 Exceeding Targets 313 MW backlog¹, outpacing 2023 YE target of 360MW 75 50 25 0 12/31/2019 2020 Additions 12/31/2020 2021 Additions 12/31/2021 2022 Additions 12/31/2022 Target 2023 Q1 Additions 12/31/2023 Target UGE 1 As of Q 2022 Milestones Release - U.S. Only Note: "Backlog" defined as Stages 3.1-5 TSXV: UGE | OTCQB: UGEIF 10

View entire presentation