NU E Power (NUE) Corporate presentation summary

Platform and model

• Early-stage power origination and development platform; advances projects through low-cost entry, incremental capital deployment, de-risking and monetization.

• Focuses on early development before the majority of project capital is spent; the model targets efficient exits or capital sponsorship after advancing project packages.

• Illustrative Monte Carlo path shows ~25% of project spend unlocking ~75% of value; economics vary by project.

Market opportunity

• Clean energy investment need cited at $4.3T per year by the early 2030s, compared with $2.2T spent in 2025.

• Demand opportunities span utility and industrial PPAs and dedicated AI/data centre power; cited forecasts include +1,000 TWh of AI demand by 2030 and 75 GW+ of US data centre capacity needed by 2026.

• Geographic focus includes established Canadian markets, exploration in the US, Southeast Asia expansion and Mongolia frontier projects.

Monetization and portfolio

• A 503.5 gross MW Alberta portfolio advanced to a non-binding LOI on Jan. 22, 2026, after 18 months; investment to date was ~US$2.6M, or ~US$5.2k/MW.

• Under current LOI conditions, potential compensation is US$50k–150k/MW; maximum potential compensation at shovel-ready is US$395k–700k/MW.

• Lethbridge One is an 8.75 MW AC solar asset with a 25% net interest; it reached COD in Dec. 2024.

• Lethbridge Two is 12.5 MW AC solar with planned 10 MW/40 MWh BESS and 50% net interest; AUC-approved for solar, with interconnection preparation and rezoning underway.

• Lethbridge Three is 155 MW AC hybrid with planned 100 MW/400 MWh BESS and 50% net interest; Hanna is 336 MW AC solar plus planned 100 MW/400 MWh BESS, while Darkhan is a 600 MW hybrid project with an estimated 60% interest.