HOUSTON – March 20, 2023 – Broad Reach Power, the leading U.S. utility-scale battery storage platform, announced today that Stacey Peterson has been appointed Chief Executive Officer, effective May 1, 2023. Ms. Peterson, who currently serves at the Company’s Chief Financial Officer, will succeed Steve Vavrik. “I’m proud to have led Broad Reach Power for the past three and a half years, during which we have scaled the organization from a start-up to a leading player with one of the largest portfolios and premier market positions in the U.S. storage industry,” said Mr. Vavrik. “With a strong foundation for growth in place, I believe now is the right time for new leadership, and we have found an exceptional talent in Stacey who has more than two decades of executive experience at large companies in the power and utilities space. On behalf of the entire leadership team, we are confident that Stacey is the right leader to take our business forward and spearhead Broad Reach’s next phase of growth and I’m committed to a seamless transition.” Ms. Peterson said, “I am very pleased to accept the position of  CEO of Broad Reach Power. Under Steve’s direction, the Company has established a strong market position and a reputation as a leader in the storage industry. As we move forward, our team will continue to advance our mission to differentiate Broad Reach as the leading storage IPP in the U.S. and position the Company to win in today’s marketplace. I personally would like to thank Steve for his leadership and look forward to working closely alongside him during the transition. I’d also like to thank our sponsor group for their continued support of Broad Reach’s purpose and strategy.” “We are pleased to welcome Stacey in her new role as CEO,” said Shawn Cumberland, Broad Reach Power’s Chairman and Managing Partner at EnCap Energy Transition. “Stacey has demonstrated deep understanding of the market and Broad Reach’s unique value to its customers and counterparties. Her executive background at a host of private and public companies makes her well-equipped to lead Broad Reach during this next chapter.” “Stacey has differentiated herself as a strong, robust leader since she joined Broad Reach as CFO last September. Stacey’s her executive experience gives her a valuable management perspective that we look forward to continuing to benefit from as she assumes this new role,” said Corinne Still, Broad Reach Power Director and Partner at Apollo Global Management. “The Board is confident that Stacey is the next right leader of Broad Reach, and we will support her on the path ahead to drive value for the Company, its customers and various stakeholders.” Ms. Peterson joined Broad Reach Power as CFO in September 2022. Prior to joining Broad Reach Power, she held various executive positions at CenterPoint Energy, Calpine, Talen Energy, and BP. She received her B.S. degree in Finance from the Kelley School of Business at Indiana University and completed the Advanced Management Program at Harvard Business School. About Broad Reach Power

Broad Reach Power is the leading U.S. utility-scale battery storage platform. Based in Houston, Texas, the Company is backed by leading energy transition investors, EnCap Investments L.P., Apollo Global Management, Yorktown Partners and Mercuria Energy. The Company develops, owns and operates energy storage projects and hybrid storage-plus-renewables projects across diversified markets, providing utilities, generators and other power market participants solutions to better manage risk and match supply and demand. For more information about the Company, visit www.broadreachpower.com.   Media Contact:

Lindsey Hughes Vice President, External Affairs + 1 512 771-8622 [email protected]