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Investor Presentaiton

4 The energy transition is accelerating resulting in tremendous opportunity for the hydrogen economy . 93 countries with net-zero targets by 20501,2 (~70% global GDP & ~90% of global emissions) 55 countries with CO2 pricing initiatives & 39 with announced hydrogen strategies² >141 members of the Hydrogen Council³ >520 large-scale hydrogen projects announced globally, including production, distribution & end-use4 100% 80% 60% 40% 20% Total Global GHG Emissions Covered in National Net-Zero Targets¹ National net-zero targets cover ~90% of global GHG emissions → up from <1% two years ago China ~90% of global GHG emissions US & India Transportation equates to ~25% of global GHG emissions5 0% 2019 1, 2, 3, 4, 5 See Slide Notes EU 2020 2021 BALLARD™
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