Industry Leader in Lithium Battery Power Solutions First Quarter 2025 Financial Results Conference Call Corporate Presentation 1 NASDAQ: XPON May 15, 2025 Important Cautions & Disclaimers Certain statements contained in this presentation (this "Presentation") are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are subject to considerable risks and uncertainties. Expion ...

Product & Strategy - ESS launched the Energy Base, a new product configuration scalable from 5 MW to 100+ MW with a duration of 10+ to 22 hours, utilizing the Iron Core technology[14,32] - The Energy Base is designed to be more capital efficient for both ESS and its customers, shifting manufacturing mix to higher margin components and lowering working capital burden[32,47] - ESS partners with Honeywell to optimize Energy Base design for quality, cost-efficiency, and scale, exploring product collaboration and procurement leverage[30] - ESS's product line is evolving to meet a broader range of use cases at larger scales, with the same core technology across all products[31] Market & Opportunities - Data centers' electricity demand is estimated to grow to 800 TWh by 2026, putting extreme pressure on aging infrastructure and increasing the risk of failure[37] - Power disruption accounts for 54% of impactful data center outages, highlighting the need for resilient power solutions[40] - ESS Energy Base enables fast deployment of additional grid capacity and increases grid balancing and resilience for data center customers[38] Financial Performance - Q1 2025 revenue was $0.6 million, a 78% decrease compared to $2.7 million in Q1 2024[53] - Q1 2025 net loss was $18.0 million, a 2% improvement compared to $18.3 million in Q1 2024[53] - Adjusted EBITDA for Q1 2025 was a loss of $15.0 million, a 3% improvement compared to a loss of $15.4 million in Q1 2024[53]

Financial Data and Key Metrics Changes - Module shipments reached 6.9 gigawatts, slightly above guidance [9] - Revenue totaled $1,200,000,000, at the high end of the range, with a gross margin of 11.7% [10][31] - Net loss to shareholders was $34,000,000 or $0.69 per diluted share [10][33] - Operating expenses decreased by 4% year over year, driven by lower shipping costs [32] Business Line Data and Key Metrics Changes - CSI Solar's module shipments increased by 9.4% year over year to 6.9 gigawatts, with storage deliveries totaling 849 megawatt hours [17] - Revenue for Recurrent Energy was $125,000,000 with a gross margin of 18.6% [24] - Energy storage projects accounted for one-third of the energy storage business expected for the year [21] Market Data and Key Metrics Changes - Structural overcapacity in the solar supply chain has prolonged the market downturn, impacting module pricing [11] - Demand for energy storage is stronger than ever globally, with a record pipeline of 91 gigawatt hours [22] Company Strategy and Development Direction - The company is maintaining a profit-focused approach, managing volumes in less profitable markets and leveraging a blended supply chain strategy [11] - Continued investment in R&D and innovation is emphasized as a key strategy to navigate market challenges [13] - The company is exploring options for project development in various regions, including potential opportunities in Ethiopia [87] Management's Comments on Operating Environment and Future Outlook - Management acknowledges near-term headwinds but remains confident in long-term opportunities [10] - The rise of AI and energy-intensive applications is widening the energy gap, which solar power can help address [13] - The company expects a much stronger second quarter for energy storage despite ongoing U.S.-China tariff negotiations [19] Other Important Information - The company has announced new products, including innovative solar technologies and enhancements to energy storage solutions [14][15] - The total project pipeline now stands at 27 gigawatts of solar and 76 gigawatt hours of energy storage [29] Q&A Session Summary Question: Impact of FEOC provisions on U.S. capacity investment - Management indicated that the new draft of the FEOC was only recently released and is expected to change before finalization [41][42] Question: Balance sheet and long-term debt increase - Management stated that leverage will increase slightly as the company transitions from project developer to IPP [43] Question: Revenue guidance despite lower module and battery shipments - Management explained that the reduction in module volumes reflects a strategic decision to reduce exposure to less profitable markets [48] Question: Expectations for storage margins - Management indicated that storage margins are expected to be above 20% for Q2, with higher volumes anticipated [57] Question: Tariff assumptions embedded in guidance - Management confirmed that the guidance includes various uncertainties related to tariffs and trade negotiations [66] Question: Shipment growth expectations in China - Management noted that demand for storage in China is expected to grow once policy clarifications are made [70][72] Question: Clarification on U.S. policies and potential impacts - Management expressed that the current draft language could impact their facilities, but they are prepared to adjust ownership structures if necessary [80][81] Question: CapEx guidance and project timelines - Management confirmed that they are continuing with construction while being cautious about future spending until clarity on regulations is achieved [99]

Canadian Solar (CSIQ) Q1 2025 Earnings Call May 15, 2025 08:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by. Welcome to Canadian Solar's First Quarter twenty twenty five Earnings Call. My name is Sherry, and I will be your operator for today. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session. As a reminder, this conference is being recorded for replay purposes. I would now like to turn the call over to Weina Hong, Head of Investo ...

文 | 朔州市人民政府 5月11日，山西省朔州市人民政府发 布《朔州市人民政府办公室关于印 发2025年市级重点工程项 目名单的通知》，通知中共计53个项目，包括三个储能项目，分别为怀仁市100MW光伏储能一 体化项目、新华电力朔州300MW/600MWh共享储能电站、山阴朔奇烨400MW/800MWh独立储 能电站项目，储能规模超700MW/1400MWh。 朔州市人民政府办公室 关于印发2025年市级重点工程项目名单的通知 朔政办发〔2025〕11号 各县（市、区）人民政府，朔州经济开发区管委会，市直各有关部门： 《2025年市级重点工程项目名单》已经市委、市政府研究确定，现印发给你们，请按照有关要 求，强化服务保障，协调落实建设条件，确保项目顺利实施。省市重点工程项目实行动态管理， 可根据工作需要和项目实施情况，按程序进行调整补充。 附件：2025年市级重点工程项目名单 朔州市人民政府办公室 2025年5月11日 （此件公开发布） 储能超12GWh！甘肃2025省列重大建设项目名单发布 储能超50个！河南2025年1037个省重点建设项目名单发布 联盟官微 关注政策、项目、企业、市场活动 联盟官方小秘书 ...

文 | 山东省人民政府 5月15日，山东省人民政府召开新闻发布会，介绍山东深入实施"八大行动"，推动新能源高水平消纳情况。发布会上，重点介 绍了山东新型储能项目建设、促进储能市场化发展方面的具体举措。 山东省能源局副局长孟凡志介绍说，山东省委、省政府高度重视新型储能发展，大力实施新型储能百万千瓦行动计划，先后 出台《关于促进我省新型储能示范项目健康发展的若干措施》等一系列创新支持政策，在国内率先建立独立储能参与现货市 场交易机制，开展多批示范项目建设，有力推动新型储能规模化、多元化发展。 新型储能在运规模808.5万千瓦，较2022年 底翻了两番， 连续3年位居全国前列。 今年1月，国家发展改革委、国家能源局联合印发《关于深化新能源上网电价市场化改革 促进新能源高质量发展的通知》 （发改价格〔2025〕136号），新型储能进入以市场引导为主、政策驱动为辅的新发展阶段。为贯彻落实国家文件精神，推动 新型储能持续健康发展，我省将加快完善电力市场机制，充分发挥储能优势，提高设施利用水平，积极打造引领储能高质量 发展的外部环境。 一是拉大储能充放电价差。 落实《关于深化新能源上网电价市场化改革 促进新能源高质量发展的 ...

Core Insights - Irby Construction Company, SMT Energy, and CenterPoint Energy have initiated the SMT Houston IV project, a 160 megawatt / 320 megawatt-hour Battery Energy Storage System (BESS) in the Houston Zone of the ERCOT market [1][2][3] Project Overview - SMT Houston IV aims to enhance grid reliability and resiliency in Texas by providing fast-response power during peak demand periods, supporting grid stability and renewable integration [2][7] - The project is expected to be completed by early July 2025, with construction commencing this month [4] Company Roles - Irby Construction serves as the Engineering, Procurement, and Construction (EPC) contractor, leveraging its expertise in electrical infrastructure [3] - SMT Energy is the project owner and developer, while CenterPoint Energy acts as the interconnecting utility, integrating the BESS into the broader electrical network of Houston [3] Collaboration and Planning - The project reflects years of planning and collaboration among the involved parties, focusing on safety, quality, and schedule during the construction phase [6] - CenterPoint Energy has recently completed nearly 90% of its overall grid resiliency improvements, further contributing to a more reliable grid [6] Industry Impact - SMT Houston IV will significantly contribute to ERCOT's ancillary services markets, providing high-speed grid balancing and mitigating load volatility and renewable intermittency [7] - Irby Construction has a strong track record in BESS projects, having built over 30 sites since 2019, including the world's largest BESS project at the time [8]

Financial Data and Key Metrics Changes - The company reported a revenue increase of 10% year over year, reaching $8.5 million, driven by projects in Australia and a new licensing agreement in India [26][9] - Gross margin improved significantly to 57.1%, up from 26.7% a year ago, attributed to a favorable revenue mix from the India license agreement [26][9] - Adjusted EBITDA loss narrowed to $11.3 million from $14.5 million year over year, reflecting improved gross margins and reduced operating costs [27][13] Business Line Data and Key Metrics Changes - The backlog increased by 49% year to date, totaling $648 million, with significant contributions from projects in the US and Australia [23][24] - The company has 2.6 gigawatt hours of projects in Australia either contracted or under agreement, with additional projects under construction [23][29] - The energy asset management business is progressing with seven projects, expected to deliver approximately $30 million in annual recurring project EBITDA over their lifespan [29][15] Market Data and Key Metrics Changes - The company is largely shielded from US tariff risks due to a strong presence in Australia and licensing agreements, with 90% of the backlog unaffected by tariffs [24][18] - The recent pause in US-China tariffs has reignited discussions for US battery deliveries, potentially leading to increased demand [18][39] Company Strategy and Development Direction - The company is focusing on expanding its build, own, and operate strategy, with a strong pipeline of storage asset ownership projects in the US and Australia [29][21] - The company aims to achieve approximately $100 million in recurring annual EBITDA from its owned and operated projects over the long term [29][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for increased bookings and project deliveries following the tariff pause, indicating a return to a more normalized contracting environment [18][44] - The company is committed to reducing operating expenses by 15% to 25% while continuing to invest in profitable engagements, particularly in the Australian market [27][14] Other Important Information - Cash increased by 57% quarter over quarter, reaching $47.2 million, with expectations to further increase to $60 million to $75 million by Q3 [10][28] - The company is in the process of project financing and ITC monetization for its Cross Trails project, expecting significant proceeds from these activities [28][10] Q&A Session Summary Question: Impact of tariffs on securing new bookings in the US - Management noted that the tariff situation had caused a "wait and see" approach among developers, but the recent pause in tariffs could lead to renewed contracting opportunities [39][42] Question: Guidance for 2025 and booked revenue - Over 80% of the company's revenue for 2025 is contracted, with expectations for additional bookings to be secured in light of the tariff pause [46][47] Question: Differentiators for India battery technology licensing - The company highlighted growth potential in India, flexibility in its technology, and a strong track record with customers as key differentiators [53][56] Question: Differences in project financing discussions - Management explained that having proven technology and long-term off-take agreements significantly de-risks project financing, making discussions with lenders more favorable [62][63]

F I R S T Q U A R T E R 2 0 2 5 FINANCIAL RESULTS © 2024 ENERGY VAULT, ALL RIGHTS RESERVED | Confidential FOUO (For Official Use Only) - PROPRIETARY INFORMATION OF ENERGY VAULT, INC 1 Disclaimer Forward-Looking Statements This presentation includes forward-looking statements that reflect the Company's current views with respect to, among other things, the Company's operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations ...

文 | 中关村储能产业技术联盟 山西翼城飞轮储能项目 容量规模：1 0 0MW/ 5 0 . 4 3MWh 5月8日，由中国能建葛洲坝电力公司EPC总承包的山西省单机容量最大飞轮储能项目翼城 天越100兆瓦/ 5 0 . 4 3兆瓦时独立混合调频储能电站项目正式投运。 项目位于山西省临汾市翼城县，建设一座100兆瓦/ 50.43兆瓦时的混合储能独立调峰调频 储能电站，配套建设一座2 2 0千伏升压站。该项目是当前 山西省单机容量最大飞轮储能项 目 。 鑫能晋合独立混合储能项目 容量规模：2 0 0MW/ 1 0 1 . 1MWh 4月29日，鑫能晋合独立混合储能项目合作框架协议签约仪式 举行 。 会上，中瑞智投执行总裁、青岛瑞海新能科技有限公司董事长吴泳介绍项目推进计划，并 代表青岛瑞海新能科技有限公司在协议书上签字；青岛东湖绿色节能研究院有限公司总经 理罗晓明出席；青岛瑞海新能科技有限公司总经理孟峰介绍 项目概况及飞轮储能项目技 术 。 该项目为20 0MW/ 1 0 1 . 1MWh新型储能调频项目，预计总投资约8亿元，拟采用飞轮储能 技术实施。 相关阅读 300MW/1200MWh！国内首个碳纤维复合材 ...