Europe and Colombia Onshore Renewables Overview slide image

Europe and Colombia Onshore Renewables Overview

Growth Strategy Energy Storage - Energy Storage Industry Overview + Global Market Size': $1.2-1.9 Trillion Expected Global Investment in Utility-Scale Storage through 2050 1 Source: BNEF, IEA. 0 NORTHLAND POWER Market Trends Demand for energy storage driven by capacity needs of a 100% carbon-free electricity grid Strong policy support for energy storage in existing markets for Northland, e.g., 7 GW of storage needed in Ontario through 2030 Energy storage costs cost competitive with gas peakers especially considering longer market potential for batteries over thermal assets Northland's Storage Opportunities • Ontario Oneida battery storage project development in partnership with NRStor Inc. and the Six Nations of the Grand River Development Corporation Marmora Pumped Storage in Eastern Ontario Alberta Solar and battery storage development portfolio New York Co-location with existing projects 22
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