Investor Presentaiton

Green Heat: Malta can provide cost-effective green power and heat - if desired also at high temp and very low temp Intermittent renewables + Renewable power (when available) Renewable power (24/7) MALTA Electrical Discharge Mode Green process heat (med temp, 120 °C) Dispatchable power + residential district heating MALTA High heat discharge mode High cold discharge mode Green process heat (high temp, 565°C) Dispatchable power + industrial heat Green process cold (very low temp, -60°C) --- III Net efficiency: 90+% Low cost charge high value/flexible discharge PROPRIETARY AND CONFIDENTIAL 14

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