Allego Results Presentation Deck

P European Union's Increased Focus and Investments in its Energy Independence Recent Events Driving New Energy Focus ■ Increasing energy supply concerns since Russia's unprecedented military attack on Ukraine ■ Europe has been facing high and volatile energy prices in recent months European Commission The European Commission has proposed a new strategy, "REPowerEU", to boost Europe's energy independence with goal to make Europe completely independent from Russian fossil fuels by 2030 Allego> Source: The European Commission and Wall Street research 830 Action Plan to Achieve Energy Independence Increase Rooftop Solar Panels, Heat Pumps and Energy Savings ■ Reduce dependence on fossil fuels, making homes and buildings more energy efficient Focus on Decarbonizing Manufacturing Accelerate the switch to electrification and renewable hydrogen and enhancing low-carbon manufacturing capabilities Doubling the EU Ambition for Biomethane Produce 35 bcm per year by 2030, in particular from agricultural waste and residues Increase Renewable Hydrogen Sourcing ■ Develop infrastructure, storage facilities and ports, and replace demand for Russian gas with additional 10 mt of imported renewable hydrogen from diverse sources and additional 5 mt of domestic renewable hydrogen Accelerate Renewables Permitting ■ Minimize the time for roll-out of renewable projects and grid infrastructure 7 6

View entire presentation