Electriq Power - Sustainable Community Networks Overview

UNIQUE GO-TO-MARKET STRATEGY Electriq is focused on two primary go-to-market strategies to capture its large addressable market Customer Overview Sustainable Community Networks ("SCN") Residential customers in municipalities and townships Drives immediate savings for consumers and acceleration of renewable target goals for municipalities Focus on under-resourced communities CALIFORN SLO Climate Coalition Derby CITY OF City of Connecticut CARPINTERIA California GOLETA Sustainable Solutions Microgrid providers and homebuilders Focusing on clean installation and affordable price point ► Modular design intended to fit a wide range of homes SEDC SOLAR BARRIO ELECTRICO Anticipated Unit Economics (1) Projected 2024 Revenue / Gross Profit Mix ~$28,000 Unit Price ~22% Gross Margin ~$15,000 Unit Price ~27% Gross Margin FY24 Revenue FY24 Gross Profit FY24 Revenue FY24 Gross Profit 69% 64% 31% 36% electriq power Levels of Engagement Electriq partners with municipality and co-markets free solar + energy storage to homeowners Homeowner enters into long-term Power Purchase Agreement ("PPA") to pay a fixed rate for energy up to 20% below their existing utility rates ► Electriq sells each project (a home) to third-party project finance partner - Electriq receives upfront sale and ongoing software and grid services revenues 1.Sustainable Community Networks reflects expected average system size in FY2024. ► Electriq partners with microgrid developers and provides battery + installation services ► Microgrid partners pay Electriq upfront for sale ▸ Electriq can participate in grid services programs to monetize batteries Strictly Confidential / Not for Redistribution 8

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