Pod Point Group (PODP) Status Update summary

Market Opportunity and Strategic Positioning

• UK electricity generation is expected to more than double by 2050, driven by renewables and electrification, making flexibility essential to balance supply and demand as volatility increases.

• The UK Energy Flex market is estimated at £2bn in 2024, forecast to grow over 50% to £3bn by 2028, with value pools including security of supply, infrastructure capex reduction, and energy arbitrage.

• Energy demand management and EV adoption are major growth drivers, with recurring revenue and customer engagement as key opportunities.

• Pod Point has the largest UK installed base (~660k units, 35% market share), managing 1.6GW nameplate capacity, and is recognized for reliability and brand trust.

• Strategic partnerships with EDF, Centrica, and UK Power Network provide infrastructure, market access, and technical expertise, supporting scale and agility.

Flex Market Mechanics and Monetization

• Flex enables demand-side response by shifting EV charging to optimize grid balance, reduce infrastructure costs, and capitalize on energy price arbitrage.

• Smart charging maximizes value by planning charging based on user intent and grid conditions, increasing value up to 10x versus simple controls.

• Monetization includes direct customer flex programs, supplier-integrated tariffs, and participation in DSOs, balancing mechanism, wholesale trading, non-energy costs, capacity market, and frequency response.

• Each participating chargepoint is expected to generate £40-50 per annum, with a seven-year average charger lifetime and customer acquisition costs of £100-125.

• Regulatory changes (notably P415) will soon allow direct participation in wholesale trading, unlocking substantial new revenue streams.

Progress, Customer Engagement, and Competitive Landscape

• Since September 2023, over 2,800 customers enrolled, 100,000+ flex events delivered, and over 450MWh of energy shifted; pilots with Centrica and EDF are underway.

• Flex is now automated and integrated into business operations, with plans to expand to all six DSOs, launch a new home app, and convert pilots to enduring tariffs.

• Competitive advantages include scale, data insight, technical capability, and strong partnerships, with the UK market leading in Flex value but international expansion planned.

• The majority of the market remains untapped, with over 80% of customers not yet enrolled in any Flex offering; sign-up rates for new programs are high.

• Multiple commercial deals are in place, leveraging relationships with EDF and established tech/network.