Electriq Power Holdings Inc. · OTC:ELIQQ
Electriq Power — Investor Presentation (September 2023)
20 slides from Electriq Power's investor presentation, Sep 11, 2023
Slide 1: Investor Presentation September 2023
INVESTOR PRESENTATION September 2023 Questions? Contact us at ir@electriqpower.com
Slide 2: Disclaimer
DISCLAIMER This presentation (together with oral statements made in connection herewith, the "Presentation") is intended to provide summary information about the business of Electriq Power, Inc. (“we,” “us,” “our,” “Electriq” or the “Company”) for informational purposes only. The information in this
Slide 3: Electriq Power Company Overview
Founded in 2014 in a garage in Silicon Valley, now with deployments in the U.S., Canada and Puerto Rico Electriq’s solutions: ► Help to satisfy society’s energy requirement into the future ► Integrate energy storage solutions across geographies ► Enable access to clean energy storage for all We pass
Slide 4: Electriq's Leading Management Team
► Founded Comverge, a pioneer of virtual power plant and virtual peaking capacity contracts with utilities and ISO’s 6 GW of demand response to ~5MM homes; Believed to be the first pure play smart grid company to go public ► General manager of utility solutions at AT&T and program manager at Bell La
Slide 5: Investment highlights
► ELIQ’s CEO led first smart grid company to go public (2007) with 6 gigawatts of demand response ► Pioneers in the Virtual Power Plant space with a diverse senior mgmt. team ► Announced completion of merger and listed on NYSE August 1, 2023 ► Generated over $45 million in equity through private pla
Slide 6: Where Electriq Fits in the Energy Ecosystem
WHERE ELECTRIQ FITS IN THE ENERGY ECOSYSTEM Strictly Confidential / Not for Redistribution 6 Network Operating Center (NOC) Cloud technology transmits data between the end user and NOC for data monitoring and user management ► Designed to enable optimized fleet management and remove strain on the gr
Slide 7: Company milestones
► Beta EP system is deployed ► IQ ESS launches ► Accepted into Powerhouse Accelerator ► Frank Magnotti joins as CEO ► PowerPod 1 launches ► Greensoil Investment infuses series seed capital ► Electriq announces additional equity raise ► Announces LFP ESS (PowerPod 2) ► Adds to SunGage and Sunlight Fi
Slide 8: Giant Addressable Market Buoyed by Regulatory Support
Source: Bloomberg New Energy Finance (“BNEF”), Sunrun, SunPower and Sunnova company presentations and filings, Lawrence Berkeley National Laboratory. 1. Based on average attachment rates for 2022 per Sunrun, SunPower and Sunnova investor presentations and earnings calls. 2. Figures in chart represen
Slide 9: Go-to-Market Strategy
Sustainable Community Networks (“SCN”) Sustainable Solutions(1) Energy Storage Partners(2) Customer Overview ► Residential customers in municipalities and townships ► Drives immediate savings for consumers and acceleration of renewable target goals for municipalities ► Focus on under-resourced commu
Slide 10: Differentiated and Integrated Solution
DIFFERENTIATED AND INTEGRATED SOLUTION Strictly Confidential / Not for Redistribution 10 Rechargeable home battery and home energy management solution PowerPod 2 Analytics and insights on energy production, consumption and storage data Fleet Management Software Automated demand response solutions to
Slide 11: Supply Chain Resilience
SUPPLY CHAIN RESILIENCE Strictly Confidential / Not for Redistribution 11 Ample inventory levels with diverse component suppliers minimizes supply chain risk Supply Chain Resilience Over 12 months of battery supply on- hand Effective Demand Planning Stabilized Shipping Costs with Reduced Delays Seco
Slide 12: Strategic Business Evolution
Sustainable Community Networks 69% Sustainable Solutions 31% Energy Storage Partners 89% Sustainable Solutions 11% Note: Annual actuals are audited through FY 2022. All other periods are estimates. 1. Illustrative revenue for ~8,000 units deployed under 25-year power purchase agreements. STRATEGIC B
Slide 13: Capitalization & Ownership Overview
CAPITALIZATION & OWNERSHIP OVERVIEW Strictly Confidential / Not for Redistribution 13 Capitalization Overview (in millions, except per share) Ownership Overview ~39.1mm Shares(1) Note: For more information, please visit the Company’s 8-K filed with the SEC on August 4, 2023. Cash, Debt and Preferred
Slide 14: Appendix
APPENDIX Strictly Confidential / Not for Redistribution 14
Slide 15: Net Energy Metering Regulations Represent a Net Positive for Electriq
NET ENERGY METERING REGULATIONS REPRESENT A NET POSITIVE FOR ELECTRIQ Residential Solar Installations ► Could have a marginal impact on size of residential solar installations due to lower compensation for excess solar production ► However, this will be offset by requirements for greater electrifica
Slide 16: Designed for Success Across the Program
Designed for Success Across the Program Municipality Wins ► Offers their constituents discount to current utility rates ► Gains revenue stream without any out-of-pocket expense ► Promotes renewable energy, contributing to California’s goals Homeowner Wins ► Solar and battery storage at no upfront co
Slide 17: Sustainable Community Networks: Major Opportunity in California
3,036k 5.0% 151,800 $4,250MM Totals Addressable Market: Anticipated Home Signup: Anticipated Home Signup #: Potential Revenue: SUSTAINABLE COMMUNITY NETWORKS: MAJOR OPPORTUNITY IN CALIFORNIA Addressable Market of over $4.2 billion(1) Strictly Confidential / Not for Redistribution 17 San Diego County
Slide 18: Customer Overview
Customer Overview Agreement Engagement Model and Volumes Minority-owned business developing real estate and solar projects across the Washington, DC area Partnership signed in Apr. 2022 and expanded in Sept. 2023 for solar and battery storage installations in the Washington, D.C. area ► Electriq and
Slide 19: Risk Factors
RISK FACTORS Any investment in our securities involves a high degree of risk. In connection with any actual or proposed investment in our securities, you should consider carefully all of the risks described below, together with the risks described under the section titled “Risk Factors” in our regis
Slide 20: Risk Factors (Cont'd)
RISK FACTORS (Cont’d) ► We expect to have one main source of financing for the Sustainable Community Networks in 2023 and 2024. If there is a breach of that financing arrangement, it could have an adverse effect on our liquidity and our revenue and results of operations may not meet our projections.
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