nextE Renewable

nextE Holding AG
www.mynexte.com

Company presentation

CONFIDENTIAL
 Table Of Contents

01 | Company Overview

02 | Energy generation

03 | Asset Management

2
01
Company Overview
 Our Mission

Large scale deployment

of renewable energy
infrastructure and
carbon neutral Energy
as a Service (EaaS)

4
 About Us
• Established in 2021, nextE is a vertically-
integrated renewable energy solutions
provider and an independent power SWITZERLAND
producer. As an integral part of the Group HQ in Luzern
privately held Connect44 Group. we
utilise a wealth of system integration
ROMANIA
expertise from the telecom sector to
Operations HQ in Bucharest
innovate in renewable energy and
deliver Energy as a Service (EaaS).

• With roots in the Connect44 Group's 20-

year history of engineering excellence.
nextE is driving forward a vision for a
carbon-neutral future through
strategic European partnerships and
cutting-edge energy services.

• Our Commitment: Leveraging legacy

expertise for sustainable energy
innovation.

5
 nextE | Independent Power Producer
creating recurring revenue streams from renewable energy assets across the value chain

Project Development Asset Management IPP / Asset Owner

Development > Ready to Asset Management Independent Power Producer

Build (IPP)
Trading Services
Identifying both energy Off-Takers Owning RES (PV) with long-term
and suitable land sites and rooftops. Forecast Services
secured PPA(s) > allowing large scale
Delivering all permiting requiered Reporting Services
for Ready to Build status deployment of Energy as a Service
Balancing Services
Technical and Legal due diligence
Aggregation

6
 Our Journey
2021 2022
❑ We have started in April 2021 and we’ve ❑ First PPA-onsite signed in Romania
pioneered in the Romanian energy 7MWp capacity
market PPA on-site through two ❑ Longest duration energy contract in
contract structures: PPA and Rent and Romania ( 25 years )
Operation ❑ First PV Grid Connection Permit Behind
the Meter with Dual-Grid Connection in
Romania
❑ First usufrutus rights registered in Land
Book for Roof (PV use) in Romania
❑ Total company equity 5 mio. EUR

2023 2024
❑ PPA 7MWp Power-up ❑ 27MWp On-site generation PV Power

❑ Largest PPA-On site contract in Plants Build

Romania signed ( 50MWp / 20y) ❑ 56GWh/y Generation and 80GWh/y

❑ 3,8 mio EUR Turnover, 0,6 mio EUR Consumption under Asset

Net Profit Management

❑ Solved Land Lease Issue for ❑ 5,5 mio. EUR in Bank Debt raised

Landowners Association ❑ First PPA-on site invoice issued by a

❑ Asset Management product lunch Romanian company

7
 Experience

Energy Generation built Energy Generation pipeline: Asset Management:

27 MWp > 60 GWh/year

> 100 MWp Energy generation
Successfully delivered of installed PV capacity under construction for on-
capacity site and off-site energy consumption
and sales to the wholesale market. > 80 GWh/year
€13 million Energy consumption
total investment
€60 million .

23 investment for the period 2025-2027

project Locations

8
 Licensing and Certification

Licensed electricity supplier for Romanian Energy Market

▪ Supply license no. 2329 issued under ANRE Decision no. 1177
▪ Market participant with no. A0019789K.RO issued by ACER (Agency for the Cooperation
of Energy Regulators)
▪ Authorised to trade electricity and supply final consumers (both B2B and B2C)
▪ Certified financial resources and know-how to operate on all electricity markets

SR EN ISO 9001:2015 & SR EN ISO 14001:2015

▪ Electricity trading and supply; Energy industry consultancy services

9
02
Energy generation
 Energy generation
Empowering our customers in securing sustainable and cost-effective energy supply Energy Generation and
Supply:

• Cost effective on-site and off-site

Off-site PPA contract (nextE2Client) generation and supply of electricity

MWhend-consumption.generation x PPA energy price Power grid

• Innovative contractual structures: PPA or
Rent & Operate

• Secure, stable and predictable energy

prices with contracts for up to 25 years

On-site EaaS contract (nextE2Client)

MWhend-consumption.generation x EaaS energy price

Client VPP

Supply contract (Supplier2Client)

MWhenergy supply deficit x Supply energy price

Power grid

11
 Energy generation
nextE is an Independent
Power Producer and
Independent Power Producer for On-site and Off-site Renewable Energy Generation service provider for
on-site and off-site
renewable energy
generation in Romania.

DEVELOP BUILD OPERATE

Land and roof use rights Development Asset based energy supply

Off-taker and PPA Construction Asset Management

Project financing Commissioning

Operations & Maintenance Our company structure allows us to
deliver solutions and add value to
Industrial Consumers through
development, construction and
operation of Power Plants, leading to
an outstanding renewable energy
asset with minimum impact on the
Turnkey renewable energy service provider to Industrial Consumers
environment.

12
 Energy generation PPA On-site
▪ Power Purchase Agreement (energy
supply contract)
Contract Type of Energy Duration Property Active Operation Producer Buyer Energy price for ▪ Asset owner: nextE
contract delivery rights right of Buyer ▪ Licensed producer: nextE
use
▪ Buyer: Client
▪ Additional licensing for Client: DSO
license for End-Use electrical installation

EaaS Power On-site

15 to 25
(PPA) Purchase (Behind nextE nextE nextE nextE Client Supply price (nextE) + GC*
years
On-Site Agreement the meter)

Rent and Operation On-site

▪ Rental Agreement
▪ Owner: nextE
Rend ▪ Licensed producer: Client
EaaS and On-site ▪ Lessee: Client
15 to 25
(R&O) Operation (Behind nextE Client nextE Client Client Supply price (nextE)
years ▪ Additional licensing for Client: Power
On-Site (Rental the meter
Agreement) Producer License

Power PPA Off-site

PPA 12 to 25
Purchase Off-site nextE nextE nextE nextE Client Supply price (nextE) + GC* + Grid Taxes ▪ Power Purchase Agreement (energy
Off-Site years
Agreement supply contract)
▪ Owner: nextE
▪ Licensed producer: nextE
▪ Buyer: Client
▪ Additional licensing for Client: No
additional licensing required

13 *GC (Green Certificates) Contribution will apply Until YE 2031

 nextE
❑ Develop, finance, build and operate the Power
Plant on Client's site or near-site

On-site energy generation (EaaS PPA) ❑ The Power Plant will be owned by nextE and will
be connected to Client’s electrical installation,
Power Purchase Agreement behind the DSO Meter
❑ The energy produced by the power plant will
be supplied directly to Client’s consumption
under the PPA contract (Pay as Produced)
❑ Deliver guaranteed quantities for fixed and
guaranteed contract price
❑ Provide to the Client energy label/guarantees
of origin attesting energy is produced from
renewable sources

Client
❑ No CAPEX or OPEX costs for construction or
operation of the Power Plant
❑ Usufructus and/or superficies in favour of
nextE (where the case)
❑ Off-take guaranteed minimum quantities
❑ Provide in favour of the nextE contract
guarantees (if the case)
Contract Party capacity Subject of contract ❑ Contract Price: Supply Price (nextE) + Green
nextE Client Certificates Contribution* (Pass-Through Cost)
❑ Contract value for Client: MWh delivered x
Usufruct / Usufructus/ Creation of usufructus and/or superficies right in favour of
superficies superficies right holder
Owner
nextE (where the case) Contract Price (monthly invoice)
❑ Secure quantities that cannot delivered by the
Final Supply contract concluded directly between the
Power Plant through Energy Supply contract
EaaS PPA Electricity supplier
consumer producer and the consumer ❑ Additional licensing for Client: DSO license for
End-Use electrical installation

14
*GC (Green Certificates) Contribution will apply Until YE 2031
 nextE
❑ Develop, finance, build and operate the Power
Plant on Client's site or near-site

On-site energy generation (EaaS R&O) ❑ The Power Plant will be owned by nextE and will
be connected to Client’s electrical installation,
behind the DSO Meter
Rental Agreement
❑ The energy produced by the power plant will be
supplied directly to Client’s consumption under
the Rent and Operation contract
❑ The Power Plant will be leased (rented) to the
Client
❑ Deliver guaranteed quantities for fixed and
guaranteed contract price
❑ The Client will receive from ANRE guarantees of
origin attesting that the electricity consumed is
produced from renewable sources
❑ Excess production is managed by nextE under a
separate contract
Client
❑ No CAPEX or OPEX costs for construction or
operation of the Power Plant
❑ Usufructus and/or superficies in favour of nextE
(where the case)
Contract Party capacity Subject of contract ❑ Off-take guaranteed minimum quantities
nextE Client ❑ Provide in favour of the nextE contract
Usufruct / Usufructus/superficies Creation of usufructus and/or superficies right in favour of guarantees (if the case)
Owner
superficies right holder nextE (where the case) ❑ Contract Price: Supply Price (nextE)
The lease (rent) of the power plant and provision of ❑ Contract value for Client: MWh delivered x
Contract Price (monthly invoice) + % of Excess
Tenant/ full operation and maintenance services by nextE to
Energy Value
Lease (rent) lessor/service provider beneficiary
the Client (not to be confused with a financial leasing
of services ❑ Secure quantities that cannot delivered by the
or operational leasing contract) Power Plant through Energy Supply contract
❑ Additional licensing for Client: Power Producer
15 License
 nextE
❑ Develop, finance, build and operate the
Power Plant on it’s own site

Off-site energy generation (PPA) ❑ The Power Plant will be owned by nextE and
will be connected to the Public Distribution
Power Purchase Agreement Grid
❑ The energy produced by the power plant will
be supplied to Client’s consumption based on
Pay as Nominated structure, through the
Public Grid, under the PPA contract
❑ Deliver guaranteed quantities for fixed and
guaranteed contract price
❑ Provide to the Client energy label/guarantees
of origin attesting is produced from renewable
sources

Client
❑ No CAPEX or OPEX costs for construction or
operation of the Power Plant
❑ Off-take guaranteed minimum quantities
❑ Provide in favour of the nextE contract
guarantees (if the case)
❑ Contract Price: Supply Price (nextE) + Green
Certificates Contribution* + Grid Taxes (Pass-
Contract Party capacity Subject of contract Through Cost)

nextE Client ❑ Contract value for Client: MWh delivered x

Contract Price (monthly invoice)
Electricity supply contract concluded directly between
Off-site Final
Electricity supplier nextE and the consumer, with delivery through the ❑ Secure quantities that cannot delivered by the
PPA consumer
public grid, based on the supply license held by nextE Power Plant through Energy Supply contract
❑ Additional licensing for Client: No Additional
Licenses

16
*GC (Green Certificates) Contribution will apply Until YE 2031
 Prundu Bargaului, RO

SOLUTION:
EaaS On-site Generation
(Rent and Operate)
Status: Operational

INSTALLED CAPACITY:
7MWp
5 MWp
Ground mounted
2 MWp
Rooftop installation

LOCATION:
Prundu Bârgăului

17
 Alesd, RO

SOLUTION:
EaaS On-site Generation
(PPA on-site)
Status: In Development

INSTALLED CAPACITY:
61MWp
Ground mounted

LOCATION:
Aleșd

18
 Prejmer, RO

SOLUTION:
Off-site Generation
Status: In Development

INSTALLED CAPACITY:
54MWp
Ground mounted

LOCATION:
Prejmer

19
 Miercurea Sibiului, RO

SOLUTION:
EPC On-site Generation
Status: Operational

INSTALLED CAPACITY:
3,7 MWp
Ground mounted

LOCATION:
Miercurea Sibiului

20
 Sighisoara, RO

SOLUTION:
EPC On-site Generation
Status: Operational

INSTALLED CAPACITY:
1,8 MWp
Ground- mounted &
Rooftop

LOCATION:
Sighisoara

21
 Iasi, RO

SOLUTION:
EPC On-site Generation
Status: Operational

INSTALLED CAPACITY:
2,7 MWp
Rooftop

LOCATION:
Iasi

22
 Jucu, RO

SOLUTION:
EPC On-site Generation
Status: Operational

INSTALLED CAPACITY:

3,4 MWp / 0,8 MWh

Rooftop / Storage

LOCATION:
Jucu

23
 Pardubice, CZ

SOLUTION:
EPC On-site Generation
Status: Operational

INSTALLED CAPACITY:

0,8 MWp
Rooftop

LOCATION:
Pardubice

24
 Miercurea Ciuc, RO

SOLUTION:
EPC Producer
Status: Operational

INSTALLED CAPACITY:

3,2 MWp
Ground Mounted

LOCATION:
Miercurea Ciuc

25
03
Asset Management

26
 Asset Management
nextE creates commercial opportunities by connecting renewable producers,
suppliers and consumers

Commercial ❑ Customized solutions developed

Trade Aggregation VPP specifically for the requirements and
Portfolio Operation
Package Package Package needs of the client
Package
❑ Advanced forecasting models that are
Trading Services continually-refined and custom-calibrated

Daily Notification ❑ Maximized revenue and optimized

balancing cost
Forecast Services ❑ Comprehensive wholesale Energy Market
registration services (BRP, ACER, REMIT,
Reporting Services
OPCOM)
BRP Registration ❑ Low data requirements from client
❑ Contract assistance
Opcom Markets Registration
❑ Reporting in compliance with regulations
Aggregation and conditions of the commercial license

Balancing Services ❑ Expert consulting and Energy Market

analysis
Dispatch Services

Commercial Licensing On demand

27
 AI - powered energy trading Client Data:

❑ Total sold energy (sold on DAM in case of

IDM)
❑ Power plant availability
❑ Local grid constrains
❑ Updated production forecast

Client Energy Energy Market Data:

Data Inputs Market
Data ❑ AI machine learning internal soft
processes in real-time with a granularity
of 15 minutes the following:
o Romanian fundamentals data (previous,
actual, future production mix/per unit,
consumption, planned/accidental
outages)
Analysis o ENTSO-E fundamentals data across
Result Europe
o Estimated consumption across Europe,
scheduled production, scheduled cross-
border flow
o Real-time wind and solar production
Potential Estimated
vs. generation scheduled, plus outages
traded imbalance across Europe
volume price o Real-time estimation of the volumes
TSO energy deficit/surplus in balancing
market and estimation of the balancing
market cost/revenues per interval

28
 State of the art forecasting
nextE offers state of the art Forecasting Services for Generation and Consumption,
specific to the client's location and developed according to the customer's needs and
requirements

❑ Purchase of historical and forecast

meteorological data, specific to the
location
❑ Using multiple forecast sources
(ECMWF, GFS, METEOBLUE, ICON-EU)
❑ Using production and consumption
forecasting algorithms calibrated to
local weather conditions and client’s
profile
❑ Real-time production and consumption
monitoring, to minimize balancing costs

29
 Asset Management Commercial Operation
Performance based Asset Management Services

Professional 24/7 Performance 24/7 Performance & Market Analysis

▪ Licensing support ▪ Licensing support ▪ Licensing support

▪ Daily energy forecast ▪ Daily energy forecast ▪ Daily energy forecast
▪ Optimized selling strategies on OPCOM – ▪ Optimized selling strategies on OPCOM ▪ Optimized selling strategies on OPCOM
DAM (PZU) – DAM (PZU) – DAM (PZU)
▪ Reporting ▪ Reporting ▪ Reporting

+ +

▪ 24/7 continuous trading on Intraday ▪ 24/7 continuous trading on Intraday

market to reduce imbalances to zero market to reduce imbalances to zero
and even generate revenues and even generate revenues
▪ Regulatory consultancy
▪ Market analysis
▪ Investment opportunity analysis

Operational fee: Operational fee: Operational fee:

350 €/month (~0.32 €/MWh produced) 490 €/month (~0.45 €/MWh produced) 490 €/month (~0.45 €/MWh produced)
Performance fee: Performance fee: Performance fee:
No trading fee 49% from Imbalance Cost Reduction 49% from Imbalance Cost Reduction

+ Additional revenues for producer from imbalances

0% additional revenues 51% additional revenues 51% additional revenues
from the imbalances cost reduction from the imbalances cost reduction from the imbalances cost reduction

30
 Asset Management Commercial Operation
1 Energy Trading
Forecasting
• Day Ahead Market (DAM)(PZU)
▪ Market access • Renewable producers (solar, wind,
-Direct trading using client hydro)
DAM account; • Industrial consumers
-Indirect sale through nextE • Prosumers (consumption &
AM production forecasting)
Market Analysis
▪ Strategies for revenues
maximization
• Intra-Day Market (IDM) • Market analysis – current and future
Management trends;
▪ Reduction and generation of
additional revenues from • Analysis ofRegistration
potential investment
and reporting
forecast errors and technical • Producer registration: opportunities;
unavailability. ▪ Testing period BRP (PRE • Analysis of legal and regulatory
• Balancing Market (BM) probe); changes;
▪ Particular strategies for each ▪ ACER; • Various analyses as requested by the
client depending on the ▪ REMIT; client.
technical characteristics of ▪ OPCOM.
the production and/or
• ANRERegistration
licensing and reporting
consumption unit.
• Daily physical notification to
• Ancillary Services (STS)
BRP (PRE) and suppliers;
• Forward Markets
• BESS trading • Monthly, quarterly, annual
▪ DAM; IDM; BM. reporting to the authorities
• PCSCV Trading (Green (ANRE, Transelectrica, etc.)
Certificates)
• Gas Trading on BRM spot markets
• Demand side Response on
Balancing Market
31
 Asset Management Aggregation
15 minute interval reference example
Classical market participation where each producer sells its own energy on DAM

Stand-alone Surplus Deficit Net

Forecast DAM(PZU) sell Production Surplus Deficit Surplus price Deficit price
participation revenue cost result

Power Plant 1 5 MWh 5 MWh 4 MWh 0 MWh -1 MWh 50 lei/MWh 1.300 lei/MWh - lei - 1.300 lei - 1.300 lei

Power Plant 2 2 MWh 2 MWh 3 MWh 1 MWh 0 MWh 50 lei/MWh 1.300 lei/MWh 50 lei - lei 50 lei

Power Plant 3 4 MWh 4 MWh 6 MWh 2 MWh 0 MWh 50 lei/MWh 1.300 lei/MWh 100 lei - lei 100 lei

Total results 11 MWh 11 MWh 13 MWh 3 MWh -1 MWh 50 lei/MWh 1.300 lei/MWh 150 lei - 1.300 lei - 1.150 lei

All three producers sells through an aggregated entity on DAM. Imbalances are netted at the aggregated entity level.
No OPCOM Tax on Producer
Power
Plant
Aggregated
1 DAM(PZU) Surplus Surplus Deficit Net
entity Forecast Production Surplus Deficit Deficit price
sell price revenue cost result
participation

Power Plant 1 5 MWh

Power Plant 2 2 MWh 11 MWh 13 MWh 2 MWh 0 MWh 50 lei/MWh 1.300 lei/MWh 100 lei - lei 100,00 lei
Aggregated
entity
Power Plant 3 4 MWh
Power Power
Plant 2 Plant 3
Total results 11 MWh 11 MWh 13 MWh 2 MWh 0 MWh 50 lei/MWh 1.300 lei/MWh 100lei - lei 100 lei

Aggregated entity benefits (1.250 lei) = Avoided costs from Stand Alone participation (1.150 lei) + Revenue from Aggregated entity participation (100 lei)
Benefits to be distributed within the Aggregated entity on a merit order basis

32
 nextE added value for Producer
10MWp Power Plant reference example for Commercial Operation 24/7 2023

Specific Revenue increase with nextE ~ up to + 5 €/MWh

DAM Price 103.19 €/MWh ❑ The financial simulation is considering
Solar DAM(PZU) Price 84,31 €/MWh the estimated revenues based on a
Specific Revenue REF* 71,67 €/MWh simulated production curve reported to
Specific Revenue with nextE 76,39 €/MWh the solar capture prices on OPCOM
Day-Ahead market 2023 (OPCOM
hourly prices – ROPEX_DAM_H)
Total Net Cash Revenue increase with nextE ~ up to + 10%
❑ * REF (reference) revenues – are
Estimated Generation 13,650 MWh/year calculated as the difference between
DAM(PZU) Price 103.19 €/MWh the ideal revenue in the energy market
Solar DAM(PZU) Price 84.31 €/MWh and the balancing costs. Balancing cost
established the baseline for determining
Revenue DAM(PZU) (solar capture price) 1.150,.857,04 €
the actual performance of nextE is set at
Balancing Cost REF (15% x Revenue DAM) (172.628,56) € 15%, but not less than 8 €/MWh
Balancing costs nextE (3% x Revenue DAM) (34.525,71) € produced.
Total Revenue REF* 978.228,49 €
Total Revenue with nextE 1.116.331.33 €
nextE Services (Fixed and Performance fees) 73.550,39 €

33
 nextE added value for Producer
Operational Results for existing contracts (Results achieved)
Energy Prices after
Typical Other AM Other AM Prices after
generation of DAM DAM solar nextE
imbalance companies companies nextE
Month Power Plants baseload capture performance
cost DAM-15% fixed price performance
(10MWp) €/MWh €/MWh fee
€/MWh €/MWh €/MWh fee DAM +/- %
MWh €/MWh
January 2024 499,12 87 88 - 13,21 74,88 66,00 96,35 DAM + 8,6%

February 2024 713,89 69 62 - 9,31 52,76 66,00 67,00 DAM + 7,4% nextE
DAM(PZU) + 6,6%
March 2024 1.035,48 63 39 - 5,87 33,26 66,00 43,00 DAM + 9%

April 2024 1.297,23 60 32 - 4,84 27,41 66,00 34,00 DAM + 5,1% Specific Annual Revenue
increase
May 2024 1.499,89 81 58 - 8,66 49,05 66,00 70,56 DAM + 18,2% nextE vs. Standard
+ 3 ÷ + 5 €/MWh
June 2024 1.558,54 97 63 - 9,40 53,24 66,00 67,05 DAM + 6,6%
Total Annual Net Cash
July 2024 1.597,09 144 80 - 12,06 68,34 66,00 84,17 DAM + 4,5%
Revenue increase
nextE vs. Standard
August 2024 1.438,15 126 79 - 11,84 67,10 66,00 78,58 DAM - 0,5%
60.000 €/y ÷ 180.000 €/y
September 2024 1.180,73 109 67 - 9,99 56,59 66,00 66,60 DAM + 0% (7% ÷ 26%/year)

October 2024 1.023,15 89 62 - 9,32 52,84 66,00 65,80 DAM + 5,5%

November 2024 544,60 167 117 - 17,56 99,50 66,00 128,80 DAM + 9,1%

December 2024 384,16 157 110 - 16,50 93,52 66,00 119,93 DAM + 8,3%

Weighted Average Price €/MWh 66,16 67,67 66,00 70,82 DAM + 6,6%

34
 nextE added value for Producer
10MWp reference case (Results achieved for 2 years period 2023 ÷ 2024)

Prices (€/MWh) Revenues (€)

Energy Standard Standard Key Takeaways!

Month PRE Test Standard nextE PRE Test Standard nextE
MWh Baseload Captured AM Service AM Service
period AM Service Net period AM Service Net
Ord. 60/2024
DAM Solar DAM DAM(PZU)-
Fixed Price Price Ord. 60/2024
DAM(PZU)-
Fixed Price Revenue • The new ANRE order
15% 15%
caps the hourly selling
January 2023 499 70 134 133 120 70 146 34.915 € 59.761 € 34.938 € 72.739 €
price at 400 lei/MWh
February 2023 714 77 140 137 124 70 150 55.032 € 88.181 € 49.972 € 107.330 €
1.035 68 107 91 82 70 99 69.929 € 84.435 € 72.484 € 102.770 €
which reduces the
March 2023
April 2024 1.297 59 96 75 68 70 82 76.669 € 87.574 € 90.806 € 106.591 € revenues with roughly 7-
May 2023 1.500 56 86 65 58 70 71 83.985 € 87.604 € 104.992 € 106.627 € 10% versus market
June 2023 1.559 57 84 66 59 70 72 89.346 € 92.067 € 109.098 € 112.059 € standard (PZU-15%)
July 2023 1.597 61 96 77 70 70 85 98.103 € 111.221 € 111.796 € 135.372 €
August 2023 1.438 62 100 77 70 70 85 89.720 € 100.118 € 100.671 € 121.858 € • nextE’s performance-
September 2023 1.181 69 103 81 73 70 88 81.427 € 85.701 € 82.651 € 104.310 € based service generates
October 2023 1.023 65 105 87 78 70 95 66.466 € 80.020 € 71.620 € 97.397 € more than 25%
November 2023 545 69 102 96 86 70 105 37.380 € 46.854 € 38.122 € 57.028 € additional revenues vs
December 2023 384 52 80 66 60 70 73 19.897 € 22.974 € 26.891 € 27.963 € BRP testing period (PRE
January 2024 499 46 87 88 79 66 96 23.118 € 39.570 € 32.942 € 48.092 €
Probe)
February 2024 714 35 69 62 56 66 68 24.890 € 39.883 € 47.117 € 48.473 €
March 2024 1.035 29 63 39 35 66 43 30.203 € 36.469 € 68.342 € 44.323 € • nextE’s performance-
April 2024 1.297 25 60 32 29 66 35 32.963 € 37.651 € 85.617 € 45.760 € based service is with
May 2024 1.500 50 81 58 52 66 71 74.678 € 77.896 € 98.993 € 105.833 €
more than 15% better
June 2024 1.559 55 97 63 56 66 67 85.259 € 87.856 € 102.863 € 104.506 €
1.597 64 144 80 72 66 84 101.935 € 115.565 € 105.408 € 134.425 €
than the second-best
July 2024
August 2024 1.438 64 126 79 71 66 79 91.562 € 102.174 € 94.918 € 113.008 € option in the market
September 2024 1.181 57 109 67 60 66 67 67.219 € 70.747 € 77.928 € 78.642 € (fixed price offers)
October 2024 1.023 46 89 62 56 66 66 47.545 € 57.241 € 67.528 € 67.321 €
November 2024 545 84 167 117 105 66 129 45.771 € 57.372 € 35.943 € 70.142 €
December 2024 384 86 157 110 99 66 120 32.944 € 38.038 € 25.355 € 46.071 €

Total Revenue 2 years period (2023 ÷ 2024) 1.460.956 € 1.706.973 € 1.736.995 € 2.058.639 €

35
 nextE added value for Producer
24/7 Performance package reference per month (increased net revenue for Producer with up to 10%)

Standard AM offer nextE Asset Management (Stand-alone)

DAM(PZU) - 15% DAM(PZU) - ~ 7%

Other Producer Producer Operation Performance Producer Producer Producer

AM fee imbalance imbalance Fee Fee imbalance fixed cost imbalance
cost cost cost cost

15% 0% 15% 490€/month 0% 15% 490€ 15%

15% 0% 15% 490€/month 2,45% 10% 490€ 12,45%

15% 0% 15% 490€/month 3,43% 8% 490€ 11,43%

15% 0% 15% 490€/month 4,90% 5% 490€ 9,9%

15% 0% 15% 490€/month 7,35% 0% 490€ 7,35%

15% 0% 15% 490€/month 9,80% -5% 490€ 4,8%

15% 0% 15% 490€/month 12,25% -10% 490€ 2,25%

36
 nextE added value for Producer
Professional package reference
Step 1. Forecast selling day on OPCOM DAM (PZU)
Shall be received 100%
by Producer.
Solar DAM price:
421 lei/MWh
Market revenues
77 MWh * 421 lei/MWh = 32.484 lei

77 MWh
total sell
From which 0 lei
to nextE.

Step 2. OPCOM production day -> Step 21. OPCOM production day -> imbalances after
imbalances without nextE nextE DAM strategy to reduce the imbalances
Producer imbalances representing
around 15% from the value of energy sold Producer imbalances representing
around 12% from the value of energy
Cost 32.484 lei * 15% = 4.873 lei sold after nextE optimization

Cost: 32.484 lei * 12% = 3.898 lei

37
 nextE added value for Producer
24/7 Performance package reference
Step 1. Forecast selling day on OPCOM DAM (PZU)
Shall be received 100%
by Producer.
Solar DAM price: Market revenues
421 lei/MWh
77 MWh * 421 lei/MWh = 32.484 lei

77 MWh
total sell
From which 0 lei
to nextE

Step 2. OPCOM production day -> Step 21. OPCOM production day -> imbalances after
imbalances without nextE nextE intraday actions to reduce the imbalances
Producer imbalances Producer imbalances representing
nextE trades on
representing around 15% from the around 3% from the value of energy
intraday to
value of energy sold sold after nextE optimization
reduce imbalance
Cost: 32.484 lei * 15% = 4.873 lei Cost: 32.484 lei * 3% = 975 lei

Producer imbalances reduction cost by nextE

of around 12% from the energy revenues From which nextE receive 49% (1.910 lei)
Less costs: 32.484 lei * 12% = 3.898 lei
38
 Storage Add-On opportunity (Hybrid PV)
❑ Optimal installed capacity: 0.8 ÷ 2.0 x PV AC capacity

❑ Storage price per MW: 215.000÷250.000 € Combined scenario usage per MW of storage

❑ Breakeven period: 3 ÷ 5 years Cycles per Specific Daily

day revenue revenue
❑ Commercial usage options:
Imbalance
compensation 0,8 65 €/MWh 52 €/day
1. Imbalance compensation (for 0.8 ÷ 1.5 x PV AC capacity)
Revenues: ~65 €/MWh DAM
Cycles per day: ~1 arbitrage 0,7 100 €/MWh 70 €/day

2. DAM arbitrage. 15 minutes

IDM arbitrage 0,75 200 €/MWh 150 €/day
Revenues: ~100 €/MWh
Cycles per day: 1,0÷1,5 Balancing
market 0,2 900 €/MWh 180 €/day
3. 15 minutes IDM arbitrage.
Revenues: ~200 €/MWh (including grid costs) Total
2,45 452 €/day
Cycles per day: ~0,5÷1

4. Balancing market arbitrage

Revenues: ~800 ÷ 1000 €/MWh
Cycles per day: ~0.2

39
 Balancing Market Principles (BM/PE)
Prior to participation in the BM/PE, in order to obtain the FSE status, Balancing Market Bids
15 minutes
producers must go through specific qualification procedures in which the 350 interval price
production units will be tested in order to determine the conformity of the
operating parameters. 300

To register as an FSE in the BM/PE, the market participant must sign the 250

Price [€/MWh]
BM/PE Participation Agreement with Transelectrica.
200
The balancing energy requested by Transelectrica can be used for:
a. increase in power in the system realized by increasing the production of the 150
producers or reducing consumption of the consumers;
100
b. power reduction in the system achieved by reducing the production of the
producers or increasing consumption of the consumers.
50

System balancing is done by providing standard products only by FSEs, which 0

own UFR/GFR, where the standard products are: aFRR, mFRR and RI. 0 10 20 30 40 50 60 70
Energy volume
Input data: [MWh] 45
1. Offers of the participants in the BM/PE: price-quantity offers uploaded in the
Energy volume
BM/PE trading system;
contracted by
2. Transelectrica's offer: it only requires a certain amount of energy (increasing TRANSELECTRICA at 200
or decreasing power, depending on the system's need). €/MWh

For each 15 minutes interval, the bids of the participants are sorted according
to price-merit order (ascending for power increase, respectively descending BM/PE - Balancing Market (Piata de Echilibrare)
for power decrease), then the sorted bids of the participants are aggregated, FSE - Supplier of Balancing Services (producers qualified for BM/PE)
and then Transelectrica selects the available quantities until congruence with UFR - Reserve Supply Unit (single dispatchable production capacities qualified for
its needs. BM/PE)
The price of the last bid selected in the order of merit is setting the closing GFR - Reserve Supply Group (aggregated UFRs qualified for BM/PE)
market price for the respective time slot. Thus, all participants with a lower aFRR - Automatic Frequency Restoration Reserve (the previous Secondary Regulation)
price for the power increase and a higher price for the power decrease will mFRR - Manual Frequency Restoration Reserve (the previous Fast Tertiary Regulation)
receive the market closing price (e.g. 200 €/MWh). RI - Replacement Reserve (the previous Slow Tertiary Regulation)

4
0
 ANRE 60/2024 (BRP Probation Period)
Highlights

41
Contacts Aurelian Octavian Ciuca

co-CEO Technology

[email protected]

+40 (745) 29 19 36

nextE Renewable SRL nextE Holding AG

Tudor Vladimirescu Blvd. 29A Kreuzbuchweg 2

4th floor, 050881 Bucharest
6045 Meggen, Luzern
Romania
Switzerland