NewFortress Energy 2Q23 Results

In Q2 Appendix - Hydrogen Update Beaumont (ZeroPark 1) operational updates are gaining momentum Advancing one of the largest green hydrogen projects in North America H H Technology signed agreement for first 100 MW PEM electrolysis technology Funding $100mm, asset level debt financing secured at attractive terms 120 Project execution FEED complete, currently selecting construction sub-contractors with Black & Veatch Agile development purchased all long lead items (transformers, critical power equipment) Team 3 new ZeroParks team members in NYC & Houston; 60+ cumulative years hydrogen experience $ 1.89 2H23 & beyond ~$55mm of run-rate, annualized EBITDA(6) by 2025(11) Beaumont capable of expanding to 200 MW of green hydrogen production First production in Fall of 2024(10) with COD(10) in early-2025(11) Beaumont is the blueprint for projects 2-5, currently in development(24) 25

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