AES : Fluence Presentation at BofA Future of Power Conference

SEPTEMBER 2020

CO M PA N Y OVE RVI E W

Fluence - inventing the future of energy storage

…and reimagining the architecture of power

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These materials also contain financial projections and estimates that reflect management's analysis and assumptions concerning anticipated results, which analysis and assumptions may or may not be correct. You are cautioned that forward-looking statements are not

guarantees of future performance, and you should not rely on any forward-looking statements or financial projections or estimates which speak only as of the date hereof. Fluence's actual results may differ materially from those described in any forward-looking statement, financial projection or estimate due to various factors, including without limitation competition, regulatory changes, market factors and general economic conditions. Fluence expressly disclaims any obligation or undertaking to update or revise any forward- looking statements, financial projections or estimates after they are made, whether as a result of new information, future events or otherwise, and no representations are made as to the accuracy of such statements, projections or estimates.

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been obtained from or is based upon estimates derived from third-party sources. Third-party information has been obtained from sources believed to be reliable, but there is no assurance or guarantee as to the accuracy or completeness of included data. Although the data is believed to be reliable, Fluence has not independently verified the accuracy, currency or completeness of any of the information from third-party sources referred to in this presentation or ascertained from the underlying assumptions relied upon by such sources. Fluence hereby disclaims any responsibility or liability whatsoever in respect of any third-party sources of market and industry data or information.

Fluence is the global application leader in grid-connected energy storage, delivering value to leading utilities, power developers, and commercial/industrial customers

Industry Firsts

2018

From 2008-2020, designed and delivered the first battery-based energy storage systems in 18 markets

FLUENCE FOUNDED

2008		2014
1st lithium-ion		Contracted first	2015
battery to connect	2009	100 MW/400 MWh	First grid-scale battery
energy storage peaker
to the electric grid
INDIANA, US	1st commercial	ALAMITOS, CA, US	project in Finland
		HELSINKI, FINLAND
	grid-scale battery
	CHILE

2017

Build largest energy storage project in the world, for the 5th time

ESCONDIDO, CA, US

Bringing market	2019
participants across	Largest portfolio
grid value chain
contracted in the
together to max
region with
asset value
500+MW from 20+
VIC, AUSTRALIA
projects
	SOUTHEAST ASIA

2020

Delivered fastest response time of grid-scale battery

IRELAND

Deploying largest project in the

world, capacity peak power, 1200 MWh

CALIFORNIA, US

Our Founding Purpose

Accelerating Transformation

Soon…

Autonomous interconnected grid

Solving customers' energy challenges with energy storage

Providing tailored solutions for partners that transform the grid

Fluence is the trusted brand in ES with a proven platform & most experienced team

GLOBAL MARKET LEADER	GLOBAL PRESENCE
2.1 GW	22
deployed or	countries
awarded	and territories

EXPERIENCED SPONSORS	~1,000+ POINTS COLLECTED
	PER SECOND PER MW
AES + Siemens	230+ TBs
established channel partners	of global fleet data

SIGNIFICANT ORDER GROWTH WITH RECURRING REVENUE OPPORTUNITY

~10 GW

expected orders over the next 5

years (1)

DISPATCH ALGORITHMS ACROSS

29 MARKETS

40+

digital applications

DE-RISKED CONTRACTED SALES PIPELINE

~$1Bn

contracted

revenue

12+ YEARS OF EXPERIENCE EMBEDDED

6th Gen

controls and software

Fluence offers a complete 6th generation technology stack of hardware, software & digital tools backed by a robust supply chain & support services

MODULAR & SCALABLE	PROVEN CONTROLS & DIGITAL	INSTALLATION &
HARDWARE BASE	PLATFORM	SUPPORT SERVICES

GLOBAL SUPPLY CHAIN

Fluence is at the leading edge of a $500B+ expansion in the grid storage market

Fluence brings application innovation, proven platform, Siemens & AES sponsorship, huge data set, unmatched track record, finance-ready

Existing Global Growth (1)
(GW)
150
120											Installed Energy Storage
90											Capacity Is Expected to
60											Reach 306 GW by 2030
										and 936 GW by 2040
30											$560Bn
2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
0

INCREASING MARKET NEEDS & OPPORTUNITIES	of Investment Expected
by 2040

Make the Technology Useable	Tailored Services & Digital Applications (e.g.
Dispatch / Fleet Management)

Source: BNEF

1. Installed cumulative capacity

Thank You.

John Zahurancik

CHIEF OPERATING OFFICER