MPC Energy Solutions N.V.

Regulatory Filings • Mar 28, 2023

MPC Energy Solutions expands further into Puerto Rico as it invests in a new combined heat and power project

MPC Energy Solutions expands further into Puerto Rico as it invests in a new combined heat and power project

Amsterdam/Oslo - 28 March 2023 - MPC Energy Solutions (MPCES) invests in a 2.6

MW grid-tied combined-heat-and-power plant (CHP) development project in Puerto

Rico. This is the second project in Puerto Rico for MPC Energy Solutions,

following the investment in its Neol CHP plant last year. The new plant will

generate electricity using liquefied natural gas (LNG), improving operational

efficiencies, and reducing both emissions and power costs. The private off-taker

is AMO Manufacturing, a local subsidiary and production facility of Johnson &

Johnson Vision.

Under the long-term energy supply agreement, the project will produce power and

chilled water. The total investment costs are approximately USD 6 million. MPCES

who is a minority shareholder in Enernet Global, acquired a majority position in

this development project. Engines from Siemens Energy will help operate the CHP

plant, which is expected to commence operations in Q4 2023. The plant is being

built by turnkey contractor Teksol.

The CHP plant, located in Añasco, will deliver a minimum power load of 13 GWh a

year and 2.6 m tons of chilled water. The project is expected to provide

efficiency gains by improving the quality of the energy supply at the location

and reduce operating expenditure.

Martin Vogt, CEO at MPC Energy Solutions, said: "The new project is another

important step in terms of executing on our project pipeline and demonstrates

MPC Energy Solution's continued commitment to Puerto Rico. We are keen to grow

our portfolio further to achieve critical size and economies of scale in Puerto

Rico."

This new project in MPCES' portfolio comes out of the strategic asset

development agreement and strategic partnership with Enernet Global, a

distributed energy service company that owns and operates hybrid power systems

in Latin America, Africa, Australia and Asia. The partnership provides MPCES

with access to the growing microgrid sector in established and new markets.

Paul Matthews, CEO at Enernet Global, said: "We are excited to partner with MPC

Energy Solutions for this second CHP project in Puerto Rico. Together with MPCES

we continue to support Puerto Rico as it strives to reduce its carbon emissions

and make the transition from fossil fuels towards cleaner energies."

Capital Markets Day Webcast

MPC Energy Solutions is hosting a Capital Markets Day on Wednesday, 29 March,

where the senior management will provide a deep insight into MPCES' strategy,

the operational progress, share updated financial guidance and speak about the

regional market, financing environment and the company's future funding plans.

The webcast will be held from 1 pm (CET) to 3 pm (CET).

Details on the agenda as well as the registration link to the Webcast is

available here (https://www.mpc-energysolutions.com/company/capital-markets-day)

- ENDS -

About MPC Energy Solutions

MPC Energy Solutions ("MPCES") is a global provider of sustainable energy and

primarily focuses on low-carbon energy infrastructure, including solar and wind

farms, and other hybrid and energy efficiency solutions. The Company

participates in the full project lifecycle of renewable solutions, from early

-stage development through construction and operation. More details at www.mpc

-energysolutions.com

Media contacts

MPC Energy Solutions N.V.

Investor Relations & Public Relations

Email: ir@mpc-energysolutions.com

Norway

Jo Christian Lund-Steigedal

Corporate Communications AS

Phone: +47 415 08733

Email: jcs@corpcom.no

United Kingdom

Judith Ugwumadu

Montieth & Company

Phone: +44 7774 985705

Email: jugwumadu@montiethco.com

Americas

Perry Goldman

Montieth & Company

Phone: +1 (646) 8643568

Email: pgoldman@montiethco.com