Investor Presentaiton

NET ENERGY METERING REGULATIONS REPRESENT A NET POSITIVE FOR ELECTRIQ electriq power Residential Solar Installations Could have a marginal impact on size of residential solar installations due to lower compensation for excess solar production However, this will be offset by requirements for greater electrification Residential Battery Storage Strong positive for residential battery storage, so they can take advantage of Time of Use billing Expected to drive higher battery attach rates on both existing and new solar installations Low- and Middle-Income Consumers 70% of the $900M of state funding available in incentives for homeowners who adopt a solar plus storage system is targeted for low-income customers Benefits to Electriq Strong tailwind for Electriq's battery storage solution for new and existing solar installs Electriq's software platform is uniquely positioned to enable Time of Use billing Low-income incentives will drive adoption across income brackets in partnership with Sustainable Community Networks and Sustainable Solutions channels How Net Metering Works 3. 2. Home uses electricity from Solar panels solar panels and from the grid 4. 1. generate electricity Excess energy from solar panels sent back to grid Utility credits electricity bill for value of energy sent to grid Strictly Confidential / Not for Redistribution 15

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