Investor Presentation

Project Backlog (MW) UGE has consistently exceeded aggressive growth targets 375 350 325 300 275 250 225 200 175 150 125 100 75 U.S. Project Development Backlog +96 Exceeding Targets 348 MW backlog¹, outpacing our ambitious 2023 YE target of 360MW 15x Growth In project backlog since strategic pivot in 2020 50 25 0 12/31/2019 2020 Additions 12/31/2020 2021 Additions 12/31/2021 2022 Additions 12/31/2022 Target 2023 H1 Additions 12/31/2023 Target 1 As of July 2023 Note: "Backlog" defined as Stages 3.1-5 UGE TSXV: UGE | OTCQB: UGEIF 12 12

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