Investor Presentation

16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 • . UGE has experienced rapid growth in under-construction and operating assets over last 6 months Assets in Deployment (MW) Q2 Q3 Q4 Q1 2021 22 Q2 Q3 Q4 Q1 10 2022 13MW of new project NTPs in H1 2023 14.3MW of projects currently in Deployment (6/30/2023) UGE 2023 Operating Portfolio (MW) 4.0 14.3 3.5 3.0 2.5 2.0 1.5 1.0 0.5 22 Q2 • Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2021 2022 2023 60% growth in operating assets in H1 2023 TSXV: UGE | OTCQB: UGEIF 3.8 15

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