Ses Ai Corporation · NYSE:SES

Ses Ai — SES Holdings — SPAC Merger (July 2021)

26 slides from Ses Ai's SPAC merger presentation, Jul 13, 2021

  1. Slide 1: Test Report: Ivanhoe Cell Characterization

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 1 of 26 Certificate Number: 3307.01 Test Report: RPT-21-635_Ivanhoe_Cell Characterization_Rev.1 Ivanhoe Capita

  2. Slide 2: Table of Contents

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 2 of 26 Certificate Number: 3307.01 Table of Contents 1. GENERAL INFORMATION .................................

  3. Slide 3: List of Tables and Figures

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 3 of 26 Certificate Number: 3307.01 List of Tables Table 1: Test Equipment Information .......................

  4. Slide 4: 1. General Information

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 4 of 26 Certificate Number: 3307.01 1. GENERAL INFORMATION Test Requested by: Mark Newman Ivanhoe Capital Acqu

  5. Slide 5: 2. Sampling Method and 3. Test Equipment

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 5 of 26 Certificate Number: 3307.01 2. SAMPLING METHOD Sampling was not conducted by Eclipse Energy. Samples w

  6. Slide 6: 5. Test Sequence and Results Summary

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 6 of 26 Certificate Number: 3307.01 5. TEST SEQUENCE AND RESULTS SUMMARY Sequence of Measurements and Testing:

  7. Slide 7: Specific Energy (Wh/kg) by Discharge Rate

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 7 of 26 Certificate Number: 3307.01 Figure 1: Specific Energy (Wh/kg) by Discharge Rate

  8. Slide 8: Energy Density (Wh/L) by Discharge Rate

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 8 of 26 Certificate Number: 3307.01 Figure 2: Energy Density (Wh/L) by Discharge Rate No requirements for outp

  9. Slide 9: 6. Procedures, Notes, and Results: As-received measurements

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 9 of 26 Certificate Number: 3307.01 6. PROCEDURES, NOTES, AND RESULTS a. As-received measurements The cell sam

  10. Slide 10: Placement of cells in test fixture

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 10 of 26 Certificate Number: 3307.01 Table 5: As-received Cell Measurements b. Placement of cells in test fixt

  11. Slide 11: Placement of test fixtures in chamber

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 11 of 26 Certificate Number: 3307.01 Figure 5: Cell Placed in Test Fixture - Top Terminal View c. Placement of

  12. Slide 12: Cell Terminal Clamped in Test Channel Fixture

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 12 of 26 Certificate Number: 3307.01 Figure 6: Cell Terminal Clamped in Test Channel Fixture in Temp Chamber

  13. Slide 13: Capacity and rate tests at 0°C, 25°C, and 40°C

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 13 of 26 Certificate Number: 3307.01 Figure 7: Voltage Sense Leads on Terminals d. Capacity and rate tests at

  14. Slide 14: Cell 004, 25C - Full Test Voltage and Current

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 14 of 26 Certificate Number: 3307.01 Cell 004 (25°C) Data Charts: Figure 8: Cell 004, 25C - Full Test Voltage

  15. Slide 15: Cell 004, 25C - Discharge Capacity vs. Voltage

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 15 of 26 Certificate Number: 3307.01 Figure 9: Cell 004, 25C - Discharge Capacity vs. Voltage

  16. Slide 16: Cell 005, 0C - Full Test Voltage and Current

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 16 of 26 Certificate Number: 3307.01 Cell 005 (0°C) Data Charts: Figure 10: Cell 005, 0C - Full Test Voltage a

  17. Slide 17: Cell 005, 0C - Discharge Capacity vs. Voltage

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 17 of 26 Certificate Number: 3307.01 Figure 11: Cell 005, 0C - Discharge Capacity vs. Voltage

  18. Slide 18: Cell 006, 40C - Full Test Voltage and Current

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 18 of 26 Certificate Number: 3307.01 Cell 006 (40°C) Data Charts: Figure 12: Cell 006, 40C - Full Test Voltage

  19. Slide 19: Cell 006, 40C Discharge Capacity; 4C Fast Charge Test

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 19 of 26 Certificate Number: 3307.01 Figure 13: Cell 006, 40C - Discharge Capacity vs. Voltage e. 4C Fast Char

  20. Slide 20: 4C Fast Charge 10% to 80% SOC - Voltage and Current

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 20 of 26 Certificate Number: 3307.01 Figure 14: 4C Fast Charge 10% to 80% SOC - Full Test Voltage and Current

  21. Slide 21: 4C Charge Capacity vs. Cell Voltage

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 21 of 26 Certificate Number: 3307.01 Figure 15: 4C Fast Charge - 4C Charge Capacity vs. Cell Voltage

  22. Slide 22: 7. Test Deviations; 8. Test Conclusions

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 22 of 26 Certificate Number: 3307.01 7. TEST DEVIATIONS All measurements and electrical tests were performed a

  23. Slide 23: Energy Density Calculation and Additional Data

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 23 of 26 Certificate Number: 3307.01 Wh/L • The Energy Density in Wh/L was obtained by dividing the same total

  24. Slide 24: 9. Terms and Abbreviations

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 24 of 26 Certificate Number: 3307.01 9. TERMS AND ABBREVIATIONS Term/Abbreviation Definition Ah Amp-hours capa

  25. Slide 25: 10. Authorization Signatures

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 25 of 26 Certificate Number: 3307.01 10. AUTHORIZATION SIGNATURES 05/07/2021 JEFF ROBBINS Date SENIOR TEST ENG

  26. Slide 26: End of Report

    Eclipse Energy LLC 1752 Fields Blvd. Greenfield, IN 46140 317-318-9993 www.eclipseenergy.us RPT-21-635_Ivanhoe_Cell_Characterization_Rev.2 Ivanhoe Capital Acquisition PO#: N/A FT-093-A Page 26 of 26 Certificate Number: 3307.01 END OF REPORT

SES Holdings — SPAC Merger (July 2021) on 6ix