Trading Update

Financial | Oct 4, 2021

TRADING UPDATE

Paris, 4 October 2021 – NHOA (NHOA:PA, formerly Engie EPS) is pleased to announce that it has been awarded a new project of 200MWh battery storage in Australia and that the Engineering, Procurement and Construction (EPC) contract between NHOA and the counterparty has been signed on 1 October 2021.

The construction phase of the newly awarded project is scheduled to start immediately and be completed by the end of 2022 with a peak manning capacity of 100 men and women.

As a result of this latest development and the other contracts signed in Q3 2021, as of the date hereof:

  • Backlog increased to €121 million, up 170%; and
  • Backlog and Contracts Secured thus now totalize €225 million, increasing by 51%,
  • this corresponds to 924MWh of stationary storage projects under development in US, Europe, Africa and Asia Pacific, representing an increase of 28%,

compared to the Backlog and Contracts Secured indicated in the press release “NHOA First Half 2021 Preliminary Results” published on 15 September 2021 and in the Half-Year Financial Report 2021 published on 30 September 2021.

By 31 October 2021 the “Q3 Trading and Operational Update” with the performance indicators announced with the Masterplan10x and Strategic Ambitions on 23 July 2021 will be published.

Details on the newly awarded project will be disclosed in due time with a dedicated press release and investor call.

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