W S P P O C M E E T I N G

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Company overview

Founded: 2013

Headquarters: San Francisco, California

Number of Employees: 80

Equity Capital Raised: $52.7 million

Project Capital: $250 million (Macquarie Capital) (38DN/Hancock)

Investors: DBL Partners, Energy Impact Partners, GE Ventures, Southern Company, Macquarie Capital, Engie New Ventures, AGL New Ventures, Arnold Schwarzenegger

Most experienced energy markets / regulatory team:First BTM flexible capacity dispatched daily by utilityIndustry-first real time trading platform for storageIndustry-first utility contract designed for “value-stacking” of behind-the-meter storage assets

Most experienced project finance team: Industry-first project financing of energy storage assets, including first senior secured debt on batteriesIndustry-first tax equity financing of solar+storage energy services contract

Most experienced development team:Fortune 50 clients, including utilities, hospitals, universities, aerospace, water industry, commercial campuses

Board of Directors

SUSAN KENNEDYFounder and CEO, Advanced Microgrid Solutions

Former Chief of Staff, CA Governor Arnold SchwarzeneggerCommissioner, CA Public Utilities CommissionCabinet Secretary, CA Governor Gray Davis Communications Director U.S. Senator Dianne Feinstein

NANCY PFUND Founder and Managing Partner, DBL Partners

Current Board Member: Off-Grid Electric, Primus Power, The Muse, Farmers Business NetworkPast Board Member Solar City, Tesla Motors, PandoraAdvisory Boards: Lawrence Berkeley National Laboratory, Co-Chair, Yale School of Management

KEVIN FITZGERALDPartner and Chief Utility Officer, Energy Impact Partners

Former EVP and General Counsel, Pepco HoldingsManaging Partner /Head of Utility Practice , Troutman SandersChief Executive Officer, Plymouth Investments

TOBY COREYBoard Member (Independent)

Lecturer, Stanford UniversityFormer President, Global Sales & Customer Experience, TeslaChief Revenue Officer, SolarCityCo-Founder, President & COO US WebVice President, Novell

KELLY WARNERBoard Member (Representing Common Shareholders)

Former President, Advanced Microgrid SolutionsCEO, KEMA (now DNV-GL)Founder & CEO, Deerpath EnergyFounder & CEO, Xenergy

DANIEL HULLAHManaging Partner, GE Ventures (Observer)

Former VP Strategy and Marketing National GridPhD Physical Chemistry, Oxford UniversityMBA, INSEAD, France

STEPHAN FEILHAUERAssociate Director, Macquarie Capital (Observer)

Former VP Deutche BankMSC Engineering, Economics MIT

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W H O L E S A L E

R E T A I L

I S O M A R K E T S

C U S T O M E R S

B A T T E R Y S O L A R W I N D V P P G A S H Y D R O

B A T T E R Y S O L A R L O A D E V C H A R G I N G

P O R T F O L I O O P T I M I Z A T I O N

O P P O R T U N I T Y C O S T

Co-Optimized Efficiency of BTM & FOM

VPP and Trading Platforms – Product Description

Optimized Bid Generation

DER / VPP Platform Market Trading Platform

Market Intelligence

Price Forecasting

Market Results

Asset Operations &Performance Monitoring

Trade Settings

Battery Solar Wind Gas HydroVPP

AI-driven Algorithmic Trading Platform

Load Battery Solar EV Charging

Virtual Power Plant

Customer Portals

Solution Design Tool Suite

Condition Monitoring

Asset Operations &Performance Monitoring

Market Price Forecasting

Carbon Measurement

Portfolio Optimization & Dispatch

Site Level

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Innovation in Grid ServicesAMS designed, developed and manages the largest operating VPP in the world in Southern California.Aggregated battery storage systems provideflexible capacity for utility dispatch in the CAISO wholesale energy market. Portfolio optimization and Energy-as-a-Service contracts with global enterprise commercial/industrial customers.

• 66MW / 360MWh of energy storage systems deployed across 98 large C&I customer sites

• 600-800 hours of dispatch per year

• Financial co-optimization of retail and wholesale market revenue streams, unlocking maximum value from DER assets

• Seamless integration with all on-site generation, renewables, and existing infrastructure

• Software platform simultaneously solves for customer energy service contracts, project-level IRR threshold and flexible capacity contracts

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Market Trading Platform

Negative Energy Prices

AI “Precision Trading” Can Increase Renewable Project Revenues by 2-10%