Investor Presentation

Annual Material Demands [million metric tonnes] 450 400 350 300 250 200 150 100 But no matter how Circular, Virgin material demand is not eliminated Annual Material Demands Decade Average Post 2050 Business as Usual Extreme Ambitious Efficiency Lifetime Material Circularity 50 0 2000 2020 2040 2060 2080 2000 2020 2040 PV_ICE 2060 2080 2000 2020 Long-Lived High Eff PERC SHJ TOPCon Low Quality Circular 2040 2060 2080 2100 High Eff + Long-life Long-Life + Recycling Recycled-Si + Long-life Circular + Long-life Circular High Eff COLORADO SCHOOL OF MINES ONREL | 17

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