Investor Presentation

Q1'23 Milestones Backlog Growth (MW) Assets in Deployment (MW) 12.0 350 11.1 313 300 10.0 250 200 150 100 50 8.0 6.0 4.0 2.0 0 0.0 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Backlog growth of 53MW (new quarterly record) Total project backlog of 313MW (2023/3/31) CUGE • Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 10MW of project NTPs (new quarterly record) All expected to hit COD in 2023 TSXV: UGE | OTCQB: UGEIF 11

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