ORPC Investment Opportunity Summary

Levelized Cost of Energy (LCOE) Levelized Cost of Energy from ORPC Power Systems 8 LCOE ($/kWh) 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 2019 2020 2021 2022 2023 2024 www.orpc.co CONFIDENTIAL & PROPRIETARY 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Historical LCOE ($/kWh) LCOE Power System RivGen (2014) RivGen (2015) RivGen (2019) 2037 TidGen (2012) TidGen (2019) 2038 -RivGen® -TidGen®4 -TidGenⓇ8 -TidGen ⓇOC Ⓡ Ⓡ 2039 2040 2.87 2.21 0.65 15.45 0.64 ORPC

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