Irrican Raymond eBAR Project Overview

Irrican Power Ltd. (“Irrican Power”) is pleased to introduce our proposed Irrican Raymond enhanced Battery and Renewables (“eBAR”) project (the “Project”). Irrican Power intends to apply to the Alberta Utilities Commission (“AUC”) for an approval and license to construct and operate the Project at the SW-30-5-20-W4 surface location, approximately six kilometers south of the Town of Raymond, in the County of Warner No. 5 (the “County”), Alberta. Irrican Power has partnered with TERIC Power Ltd. (“TERIC”) to develop the Project on behalf of Irrican Power. TERIC has successfully developed six similar battery storage projects in Alberta, which have all reached commercial operation.

The Project will be located on privately owned land and will consist of a 15.4-megawatt (“MW”) capacity lithium-ion battery storage system. This project will be connected to and located adjacent to the existing Raymond Reservoir Hydro Plant (“Hydro Plant”). The Project will be used to store energy provided by both the Hydro Plant and from the Alberta Interconnected Electric System. Once installed, the Project will be able to store excess renewable energy and release it during periods of high electricity demand and provide grid reliability services to the Alberta Electric System Operator (the “AESO”).

Community Benefits

The Project will generate municipal tax revenue that will contribute to the tax base for the County, while requiring minimal municipal services. During the construction phase, the Project will provide local jobs for electricians, equipment operators, labourers, specialized trades, site managers and engineers. Once operational, on-going site services such as project operators, electricians, and vegetation control jobs, will be required. Additionally, the procurement of materials and local support services such as accommodations and food services for workers, will be required during both the construction and operations phases.