Investor Presentaiton

SUMMARY HIGHLIGHTS 1. Per BNEF. electriq power Giant Addressable Market Integrated Solution and Differentiated Go to Market Strategy Strong Customer and Partner Momentum (3) Key Project Financing Secured Finalizing Debt and Equity Financing Leading Management Team Residential solar install annual capacity forecasted to grow at ~15% in the U.S. from 2020 2030 (1) New battery attachment rate of 20% (2), increasing 2% - 4% each year Integrated solution seamlessly combines hardware, installation and software platform Electriq partners closely with local Municipalities ("Sustainable Community Networks") and Microgrids ("Sustainable Solutions") for a differentiated Go to Market strategy Secured agreement with Santa Barbara County in 2022 Secured agreement with San Luis Obispo Climate Coalition in 2023 Access Tab, Barrio Electrico and New Channel Partner signed in 2022 In discussions with additional Municipalities and Microgrid partners $300MM+ in expected project financing over a 30-month period secured from a major U.S. clean-energy company in Mar'23 ► Supports $105MM of est. revenue in 2024 (3) ► Secured $8.5MM in debt financing Agreement in principle for $26.5MM of equity; significant incentives for additional new equity $80MM of existing cash in trust at TLGA prior to redemption Led first smart grid company to go public (2007) with 6 GW of demand response Pioneers in the Virtual Power Plant space with a diverse senior management team 2. Based on average attachment rates for 2022 per Sunrun, SunPower and Sunnova investor presentations and earnings calls. 3. Includes master agreement with Santa Barbara County, San Luis Obispo Climate Coalition and City of Parlier and New Channel Partner and MOUS LOIS with Access TAB and Barrio Electrico.. Strictly Confidential / Not for Redistribution 37

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