Mitchell is a mid-stage development in ERCOT WEST Texas.

• 345kv Interconnection.

• 2 private fiber entry points.

• 2GW+ data center designed for Hyperscalers.

HIGHLIGHTS

ENERGY ASSET HIGHLIGHTS

• Interconnection: ERCOT SS COMPLETE, FIS commenced with ONCOR

• Site Control: 5,100 acres under lease w/an additional 2,000 to be leased in Q1 2025

• Environmental: ECIA, PIESA and Wetlands Delineation complete

• Tax Abatement: 313s and 312s executed with Westbrook ISD and Mitchell County

• EPC/OEM: 10% design completed for all assets and substations, Technology selected, EPC Design and BoP

Mortenson

KEY ENERGY ASSET DETAILS

• Location: Mitchell County, TX (co-location of Data Center/Solar/BESS)

• Capacity: ~2GWac Data Center; ~800MWac Solar & ~800MWac BESS

• POI: 345kV Double Circuit T-line (ONCOR)

• Land Size: 5,100+ acres (with additional 2,000 by Q1 2025)

• Target NTP/COD: NTP: Q4 2025; COD: Q2 2027

• Balancing Authority: ERCOT West

• Campus Phases: Phase I – 400MWac Solar, 400MWac BESS; Phase II – 200MWac Solar, 200MW BESS; Phase III

– 200MWac Solar, 200MWac BESS

• Value Limitation Agreement: All 313s approved by Westbrook ISD in November 2022; Amendments approved

to include gap years in August 2024; Next annual supplemental payment due January 2025

• Tax Abatement Agreement: 312s approved for each phase by Mitchell County in Q3 2024