Augwind Energy Tech Storage Ltd — Investor Presentation 2022

Jun 13, 2022

ENERGY STORAGE SOLUTIONS

Cooperation Agreement with Voith Hydro

June 2022

DISCLAIMER

The information included under this presentation (the "Presentation") is for informational purposes only and does not constitute or form any part of any offer to purchase securities and/or an invitation to make offers for their purchase or solicitation of any of the above regarding any securities of Augwind Energy Tech Storage Ltd. (the "Company").

This Presentation was made for a convenient and concise presentation, and it does not exhaust the full data and information a bout the Company and its activities that may be relevant for the purpose of obtaining any decision regarding investment in the Company's securities, and therefore does not replace the need to review and inspect the company's Reports to the Israel Securities Authority, and especially the company's annual report for the period ended on 31.12.2021, published on March 31, 2022 (reference number: 2022-01-034605) (the "Annual Report") and the latest quarterly Report for the period ended on 31.3.2022, published on May 30, 2022 (reference number: 2022-01-066658) (all together the "Public Information"). The information under this Presentation is not a substitute for Public Information and in the event of any conflict between t he content of this Presentation and the content of any Public Information, the content of the Public Information shall prevail.

The information in this Presentation should not be relied upon as any representation or warranty, express or implied, of the Company. No reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions contained in this Presentation. No legally binding obligations will be created, implied, or inferred from this Presentation. Various statements in this Presentation include information which derives from forecasts, estimates, assessments, and other information pertaining to future events and/or matters, whose materialization are uncertain and beyond the Company's control, and which constitute "Forward-looking information", as defined in the Israeli Securities Law, 1968.

Forward-looking information includes descriptions regarding the intent, belief or current expectations of the Company and are not guaranteeing future results, performance or achievements and are based on current expectations, estimations, and assumptions, involve certain risks and uncertainties which are difficult to predict and are not guarantees of future performance. Therefore, actual future results, performances or achievements of the Company may differ materially from what is or may be expressed or implied in this Presentation due to a variety of factors, many of which are beyond the Company's control, including, without limitation, certain risk factors as contained in the Annual Report. The Company does not undertake any obligation to update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise. Certain information and factual statements (including in regard to markets or trends) contained herein are based on or derived from publicly available documents or independent third-party sources, and therefore the accuracy of such information and the assumptions on which such information is based have not been independently verified.

STRATEGIC PARTNERSHIPS TARGETED TO ENHANCE AUGWIND'S GLOBAL CAPABILITIES

The roadmap to AirBattery's global success includes strategic partnerships focused on enhancing the following capabilities:

ABOUT VOITH FULL-LINE SUPPLIER FOR HYDROPOWER PLANT EQUIPMENT

150 years of hydropower expertise

One of the world's leading hydroelectric manufacturers and suppliers:*

• €4.3B Sales (2021)
• Active in more than 60 countries, HQ in Germany

• 20,000 Employees

• 40,000 power units in operation

• 1,000 small hydropower plants delivered

• A reputable trademark for quality, reliability, efficiency, safety

Under

commissioning

*Source: Voith website

VOITH HYDRO'S GLOBAL TRACK-RECORD

Voith developed, manufactured and supplied thousands of turbines and pumps globally. A few examples below:*

• Xiluodu Power Plant, Sichuan, China: 13.86 GW nominal hydroelectric capacity
• Omkareshwar, India: 520 MW nominal hydroelectric capacity
• Eastmain, Quebec, Canada: 768 MW nominal hydroelectric capacity
• Gilgel Gibe II, Ethiopia: 420 MW nominal hydroelectric capacity
• Under commissioning • Estreito, Brazil: 1.1 GW nominal hydroelectric capacity

*Source: Voith website

AIRBATTERY TECHNOLOGY ROADMAP

*Given existing design & equipment installed

COOPERATION TIMEFRAME A JOINT MESSAGE TO THE ENERGY MARKETPLACE

commissioning * Estimated timeline

Source: Voith website

HUGE OPPORTUNITY FOR BOTH COMPANIES IN THE LDES* MARKET ALIGNED INTEREST FOR AIRBATTERY'S GLOBAL SUCCESS

Augwind's servable market expected to reach 101 GWh by 2030

New technologies are emerging to fill the gap

• AirBattery
• Mechanical solutions
• Electrochemical solutions
• Thermal solutions
• Others

* LONG DURATION ENERGY STORAGE

(1) Company's Analysis based on several market forecasts: Bloomberg; Wood Makenzie; IHS Markit

AirBattery

9 ⁹

The ultimate solution for distributed energy storage Reliability, Sustainability and Longevity

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