Path to Net Zero, page-4

This slide from the presentation is imo the most important for us as TVN investors. It shows the required scale of growth in battery storage that will be needed to meet Net Zero. GW has been already communicating to both State and Fed Governments that pumped hydro and lithium can’t do it all on their own. Add in the safety profile of VRFB’s and the recyclability of the Vanadium electrolyte, not to mention the storage duration and we are presented with one remaining roadblock - the cost. Grant has already identified this and recently made some brilliant moves to address it. I’m very optimistic that things are finally on track.