Nuvve SPAC Presentation Deck

Electric Grid is Not Ready & Smart Charging will not be Enough T quency mHz EV Industry Uni-directional High volatility Unconnected to grid Heavy uncontrolled loads Increasing regulatory mandates High cost of batteries/ownership 50150 моралнитимние 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Nuvve Copyright © 2020. All Rights Reserved. Britain's electricity generation mix: www.electricinsights.co.uk 1920 1940 1960 1980 High volatility 8 2000 Wind, hydro, solar Imports Gas Coal Biomass Nuclear 2020 "The challenge in Norway is not that there is too little power, but too low capacity in parts of the network closest to the consumer. It is certainly challenging." - Christina Bu, director of the Norwegian Electric Car Association Power Industry Transition to distributed power High volatility Increasing renewables Little virtualization of assets Increasing load from EVs Based on fixed assets ΑΛΛΩΝ

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