Moving Clean Energy Forward. Arun Banskota President NRG EV Services

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1 Moving Clean Energy Forward Arun Banskota President NRG EV Services

2 2 Safe Harbor Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of Forward-looking statements are subject to certain risks, uncertainties and assumptions and typically can be identified by the use of words such as expect, estimate, should, anticipate, forecast, plan, guidance, believe and similar terms. Such forward-looking statements include NRG s electric vehicle ecosystem developments. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, general economic conditions, hazards customary in the power industry, receipt of federal loan guarantees, additional partnering relationships, competition in electric vehicle markets, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in the wholesale power markets, changes in government regulation of markets and of environmental emissions, the condition of capital markets generally, and our ability to access capital markets. NRG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors that could cause NRG s actual results to differ materially from those contemplated in the forward-looking statements included in this Investor Presentation should be considered in connection with information regarding risks and uncertainties that may affect NRG's future results included in NRG's filings with the Securities and Exchange Commission at

3 3 NRG Overview NRG: Position in the power industry value chain NRG Wholesale NRG Retail Fuel Supply Fuel Transportation Power Generation Transmission Distribution Retail (Customer) We continue to expand our renewable/green projects (Wind, Solar) NRG Wholesale Generation totaling 25,749 MW (470 MW renewable) We Understand the Grid, Infrastructure & Challenges evgo EV Ecosystem (cross-rep/cross-utility) Company Facts: Fortune 500 Ranked 16 th Fastest Growing Company (2010) Fortune 500 Ranked 5 th Largest in the Energy Industry (2010) Clean Energy Initiatives: On-shore Wind: 450 MW in operation NRG Solar: 43 MW in operation, and $1.5 billion in announced investments (>2,000 MW) Bluewater Wind: First PPA for off-shore wind evgo Reliant Energy Serves 1.6 million customers Green Mountain Energy Serves 200,000 customers EnergyPlus Serves 190,000 customers ev2g EV-grid interactions

4 4 Consumer Value Proposition evgo addresses consumers primary concerns about EVs Primary consumer concerns: range, up-front cost, and cost certainty Provide range confidence Freedom network (and especially DC fast chargers) allows easy and unlimited top-offs when away from home Mitigate the upfront cost of charger installation evgo allows consumers to avoid $2,000+ upfront cost of buying and installing own home charging stations, while providing service and maintenance on the unit Price certainty: ability to lock in fixed fueling charge less than gasoline To drive 15,000 miles per year in a 25 mpg vehicle, consumers spend $150/month on gasoline at $3/gallon ($200/month at $4/gallon) evgo s plans include all electricity used to charge at Freedom Stations, and the Complete Plan includes all home electricity used during off-peak hours

5 5 The evgo Freedom Station Retail Opportunities (Drug Store, Grocery Store, etc.) Customer Service Tower Well-lit Good Freeway Access (0.5 mi) Reserved parking spots (1 per charger) Level 2 Charger DC Charger

6 6 evgo ecosystem status Total = 50 Total = 70 Indicates Freedom Station site currently operational Indicates Freedom Station site currently under construction

7 7 Current Product Offerings Of current signed customers: 50% have chosen the Complete Plan 20% have chosen the Mobile Plan 30% have chosen the Home Plan 90+% customer close rate in Houston and Dallas/Fort Worth

8 8 Expanded Ecosystem Approach Workplace Parking Single- Family Parking Multi-family Parking Retail Parking EV Auto OEMs Rapid Charge Pathway Station Retail Fast Convenience Charging Charging EVSE OEMs Car Share and Rental Intermodal Transit Parking EV Auto Dealers Multi-Family Charging Single-family Home Charging Workplace Charging Electric Companies Consumer Offers Commercial Offers evgo s total solution approach reflects our focus on the overall needs of the EV driver

9 9 Ready for Electric Vehicle (REV) Programs Simple, scalable, and visible REV Programs REV-Workplace REV-Retail REV-Multifamily REV-Fleet Business client funds only the electric make-ready of the facility (through capital, services contract, or electric service), and does not own, install, maintain, or support the chargers Drivers (business customers, multi-family residents/visitors, or other parkers in a commercial lot) see the available EV opportunity with the benefit of a non-prime, reserved spot Parking spaces available for all to use while adoption ramps-up, with justin-time deployment of charging infrastructure upon subscriber sign-up Energy consumed by subscriber is rebated back to client s electric bill 5 signed REV partners, and in discussions with many more

10 10 Customer analytics 1 35% Likelihood of purchasing an EV 60% Effect of learning about evgo 30% 50% 53% 25% 40% 20% 15% 32% 20% 32% 30% 10% 13% 20% 20% 5% 1% 10% 0% 35% 30% 25% 20% 15% 10% 5% 0% Definitely will consider 32% Definitely would purchase a charging plan Probably will consider 30% Probably would purchase a charging plan Might or might not consider 26% Might or might not purchase a charging plan Probably will not consider 9% Probably will not purchase a charging plan Definitely will not consider Likelihood of purchasing an evgo plan 1 Source: evgo surveys 1% Definitely will not purchase a charging plan 0% 80% 70% 60% 50% 40% 30% 20% 10% 0% Likely to purchase an EV BEFORE learning about evgo 68% 67% DC fast charge availability Access to network fast-charge plan at fixed monthly price 59% Avoid up-front cost of installation Likely to purchase an EV AFTER learning about evgo Most-liked features of evgo plans 52% Ability to fix fueling costs for the next 3 years

11 11 evgo Partners REV Programs 1 PN2 Ltd. Retail Hosts Auto OEMs EVSE / Network Services Power Providers Other 1 REV-Workplace & REV-Multifamily

12 12 For More Information