Project Hawkeye Initial Concept (Developer Presentation)

---- page 1 ----

PROJECT HAWKEYE

Digital innovation complex

760 acres | Boone County, Illinois

[—~ DATAWATT

L/ } ENERGY

David Halligan
617.513.8893
dhalligan@datawattenergy.com

Datawatt Energy is represented by:

JLL

Conor Mullady, JLL
847.308.9912
Conor.Mullady@jll.com

---- page 2 ----

PROJECT HAWKEYE

Pearl St

2 anied®

Summerfield Zoo e

* Property boundary is an approximation and is not true to scale.

‘Los Diaz &

oat ENERGY

(U DATAWATT

Datawatt Energy is developing a digital
innovation complex anchored by a multi-
building data center campus. The
complex is to be sited on an
approximately 760-acre multi-parcel
property in Belvidere (Boone County),
Illinois. The property is currently zoned
agricultural and is controlled under a
purchase and sale agreement with a
single landowner.

The northern boundary of the property is
approximately one-quarter mile south of
Interstate 90 and conveniently located
90 minutes from downtown Chicago.

Core to the Datawatt strategy is securing
power from renewable energy sources to
support the sustainability profile of the
development. Datawatt plans to
interconnect the complex into a 345kV
ComEd transmission line transecting the
property with an initial target for a
+1,000-megawatt data center campus.

Confidential 2

---- page 3 ----

PROJECT HAWKEYE

DATAWATT

J} ENERGY

Illinois Expertise

Project Hawkeye is being developed by a team of
Illinois-based energy, construction and engineering

firms:

ENERGY

rU) DATAWATT

Pepper —
Construction

Tomorrow Transformed”

” Manhard.

CONSULTING

Lead Developer

Renewable energy developer with over $20
billion and 15,000 megawatts of energy
project experience across North America.

Infrastructure Partner

General contracting and construction
management firm that has served private
and government sectors since 1927.

Civil and Engineering Partner

Full-service civil engineering and surveying
firm with over 50 years experience serving
public and private clients nationwide.

DR9401 Franklin Park, Illinois
385,000 sqft. two-story data center by Pepper Construction in Franklin Park, IL. Build-
out included new utility substation and 30,000 sqft. office facilities.

Confidential 3

---- page 4 ----

PROJECT HAWKEYE

meg F
ie? o.
_ Janesville

~~ Racine:

| = Microsoft

Racine County, WI

, Roscoe

“Loves Park
abi ‘ '

Rockford ——-“Balvidere Sate

1 CherryValley===—_
ors

ae
n : Fy oarawart | ii
i RGY
—_ @® —@ — Dy Rae iL a
t

Elgin

—p7——— gycamore
ope Goeg
i @——-vekalb_ 2029) le

S$ ae = e-@Q-

jo

— Na
as =~} {Wheaton at
oe ao mel

Sen 1 Naperville: *

[ DATAWATT
ru

J ENERGY

Chicago
Tier 1 Data Center Market

Northern Illinois is attracting hyperscale
data centers due to the region's strategic
advantages, including robust
infrastructure, reliable access to power
and established fiber network.

Chicago is a key hub for data center
development, driven by its central
location, strong connectivity to major
U.S. cities, and relatively low risk for
natural disasters. Large players such as
Google, Microsoft, and Meta have been
expanding their facilities in the region.

Confidential 4

---- page 5 ----

PROJECT HAWKEYE

Sustainable Data Centers

Investing in the rising data center economy*
January 17, 2023

“Data centers are big energy consumers—a
hyperscaler’s data center can use as much power as
80,000 households do. Pressure to make data centers
sustainable is therefore high, and some regulators and
governments are imposing sustainability standards on
newly built data centers.

In fact, the use of renewable energy is a critical
component of the hyperscalers’ strategies.”

McKinsey
& Company

US data center demand is forecast to grow by some 10 percent a year
until 2030.

Data center power consumption, by Data center power consumption, by
providers/enterprises," gigawatts providers/enterprises,' % share
36 - + 100-5 ow eon
48.7% Enterprises

30~
25 — ml 49.6%

maar Co-location
20— t ‘companies
18! am I -
“lil ol

2014 2030 2014 2030

"Deana is measured by power consumption to rte the number o! servers a data center can house, Demand inchudes megawatts for storage, servers
‘and networks.

* https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/investing-in-the-rising-data-center-economy Confidential 5

---- page 6 ----

PROJECT HAWKEYE 3 DATAwaTT

Major Economic Driver

TAXES

x
Project Hawkeye will be a major economic * JOBS
driver for the City of Belvidere by creating high- >s 000
paying construction jobs and permanent high- ranean
tech positions, while increasing tax revenues to | aaneinain:
support public services and infrastructure. %

$3M -$5M

Property & Locallax
Revenue

This transformative investment expands
Belvidere’s role as a key player in the
technology sector, attracting future business
opportunities and fostering long-term growth in
the new digital economy.

EDUCATION
$2.0M

Sponsorships
Donations

Equipment
Infrastructure

* Alljobs, taxes, investment and sponsorship amounts are estimates only and are based on Project Hawkeye initial concepts and comparable hyperscale data Confidential 6
center developments. Actual amounts and the related timing may vary.

---- page 7 ----

PROJECT HAWKEYE

DATAWATT

J ENERGY

Job Creation

Summary of Job Creation Estimates for Project Hawkeye:

1. Construction Phase:
1. Direct: 1,000- 1,500 construction and contracting jobs
2. Indirect: 1,500 - 3,000 suppliers and local service jobs
3. Total: 2,500 - 4,500 jobs

2. Operations Phase:
1. Direct: 200-250 permanent operational/technician jobs
2. Indirect: 400 - 750 supplier and local service jobs
3. Induced*: 500- 1,000 jobs
4. Total: 1,100 - 2,000 jobs

* Induced Jobs: Created by the increased economic activity of
those employed directly or indirectly (e.g., spending by workers in
housing, healthcare, and local retail).

Economic Impact Multiplier

Data center projects often generate $5 to $8 in local economic
activity for every $1 spent on operations, further emphasizing their
significant local benefits.

5

W.W. Grainger Data Center Lake County, Illinois
30,000 sqft. LEED certified v4 data center with engineering, water resource and
surveying services by Manhard Consulting.

Confidential 7

---- page 8 ----

DATAWATT

ENERGY

Preliminary
Concept Plan

Future Phase 1.0: 1,000 MW Data Campus
Future Phase *  Sited on +/- 300 acres of total 760-acre
Phase Property
+ — Environmental & community stewardship
considerations:

“Noise, water and air quality
Landscaping and screening
Traffic and emergency services
“Educational and job training

* — Initial data center ramp schedule*:

Phase 1.0 i i % Year5: 200 MW

2 “ Year 7: 500 MW

+/- 300 acres i i “% Year 10: 1,000 MW
t 3

Future phases will complement the data
campus and will enhance Belvidere’s
presence as a growing tech community.

* Pending lead time and build-out of substation and
electrical infrastructure

ai

Confidential 8

---- page 9 ----

Tasve mare wrod VOR

PROJECT HAWKEYE

© comed

AN EXELON COMPANY

Transmission Map

DATAWATT

m/ J ENERGY

Load Request

Project Hawkeye is in ComEd service territory.
ComEd has a detailed phased engineering
process to evaluate serving a load request of
1,000 megawatts. Load service engineering and
construction is expected to be a 4 to 5-year
process:

Phase 1: Scoping Engineering (8 - 10 months)
+ Preliminary engineering design

+ System reinforcement evaluation

+ Equipment requirements and cost

Phase 2: Detailed Engineering (8 - 10 months)
+ Procurement of long lead materials

+ Permitting and final design
+ Construction schedule and final cost

Phase 3: Construction (est. 2-3 years)
+ Field work, livening, commissioning and testing
* Coordination with PJM (regional transmission
organization)
+ Equipment placed in service
Confidential 9

---- page 10 ----

PROJECT HAWKEYE DATAWATT

Initial Timeline and Plan

Datawatt Energy is estimating the planning, design and development phase of Project Hawkeye to require approximately two years
to complete. We aim to align final campus design and kick-off of site works with that of ComEd’s construction of the electrical
infrastructure and substations. Full construction of campus and ramp of service to require estimated 10 years to complete.

Project Planning and Development Phase

PROJECT START CONCEPT COMMUNITY COMED FACILITY FACILITY
PLANNING ENGAGEMENT PHASE 3 OPERATIONAL OPERATIONAL
MEET COMED COMED CONSTRUCTION (200 MW) (1,000 MW)
BELVIDERE PHASE 1 PHASE 2
TEAM SCOPING ENGINEERING | |
| i. |e es .
Sep 24 Oct24 Nov24 Jan25 Mar25 Apr25 Jun 25 Jul25 Dec 25 Sep 26 Estimated Estimated
| 2029 2034
ZONING AND t
ANNEXATION Electrical Infrastructure and
INVESTIGATIVE DESIGN AND Facility Construction Phase
AND SURVEY PERMITTING

Confidentiat 10

---- page 11 ----

PROJECT HAWKEYE OATAWATT

Energy Sourcing

Sourcing of renewable energy is essential to meeting
the sustainability requirements of Project Hawkeye.
Access to energy and integrating into the local
transmission network are two of the most important
considerations for developing a hyperscale data
center campus.

Datawatt Energy is developing over 3,000 megawatts
of solar and battery storage projects in Illinois that
can be tapped to complement the base load grid
power supplied by ComEd. To further complement
the energy needs of Project Hawkeye, Datawatt may
engage its extensive network within the renewable
energy industry to source energy from the many wind
and solar projects under development in Illinois.

Knight Hawk Coal Mining Perry County, Illinois
3,000 MW solar and battery storage projects being developed on reclaimed surface
coal mines in southern Illinois, coming online 2027 through 2029.

Confidential 11

---- page 12 ----

DATAWATT ENERGY
Evelyn Lim 213.261.1358 elim@datawattenergy.com
Navin Nagrani 847.840.1475 nnagrani@datawattenergy.com
David Halligan 617.513.8893
PROJECT HAWKEYE
Digital innovation complex
760 acres | Boone County, Illinois
Datawatt Energy is represented by:
JLL
Conor Mullady 847.308.9912 Conor.Mullady@jll.com
Kevin Coughlin 312.824.3801 kcoughlin@manhard.com

---- page 13 ----

PROJECT HAWKE FL) BATAWATT

~ T Datawatt Energy is developing a
90] P digital innovation complex

rw eS a a ale anchored by a multi-building data

Belvidere Tollway Oasis eC

center campus. The complex is to
be sited on an approximately 760-
acre multi-parcel property in

Belvidere (Boone County), Illinois.

Pearl St.

Project Hawkeye will create a

y significant boost to the local
economy of Belvidere by creating
wt. thousands of construction and
permanent high-tech jobs, while
increasing tax revenues to support
public services and infrastructure.

Pearl St

This transformative investment will
expand Belvidere’s position as a
key player in the technology sector,
4 attracting further business

‘ 4 opportunities and continuing to
foster long-term growth in the new
digital economy.

Los Diaz §

Summerfield Zoo &
ta 2

Property boundary is an approximation and is not true to scale. Confidential 2

---- page 14 ----

PROJECT HAWKEYE
DATAWATT ENERGY
Preliminary Concept Plan
[Color conceptual site plan, Belvidere, Illinois, with the Manhard Consulting logo: a drawing of building footprints, detention areas and a substation. Its labels are too small to be machine-read; see the PDF.]
Confidential 3

---- page 15 ----

PROJECT HAWKEYE

es

~o. o od Ripine
Janesville Hbdin = @—auinaion -

| E® Microsoft
po Racine County, WI

s.

y
Le eee On.
ft

oe : -
“~~ § Roscoe _-Hanvatd
y

1, é aa
“Loves Paik
\

i aes

aa
a _— Vos FD) DATAWATT ms

Belvidere, IL

i iéte lew!
a De ransion
Schaumburg-SDes Ri ies

iy

“Sycamore

-@—-—dekalb

SS

DATAWATT

ru ENERGY

Chicago
Tier 1 Data Center Market

Northern Illinois is attracting hyperscale
data centers due to the region's strategic
advantages, including robust
infrastructure, reliable access to power
and established fiber network.

Chicago is a key hub for data center
development, driven by its central
location, strong connectivity to major
U.S. cities, and relatively low risk for
natural disasters. Large players such as
Google, Microsoft, and Meta have been
expanding their facilities in the region.

Confidential 4

---- page 16 ----

PROJECT HAWKEYE

DATAWATT

J ENERGY

Sustainable Data Centers

Investing in the rising data center economy’
January 17, 2023

“Data centers are big energy consumers—a
hyperscaler’s data center can use as much power as
80,000 households do. Pressure to make data centers
sustainable is therefore high, and some regulators and
governments are imposing sustainability standards on
newly built data centers.

In fact, the use of renewable energy is a critical
component of the hyperscalers’ strategies.”

1 https://www.mckinsey.convindustries/technology-media-and-telecommunications/our-insights/investing-in-the-rising-data-center-economy

McKinsey
& Company

US data center demand is forecast to grow by some 10 percent a year

until 2030.

Data center power consumption, by
providers/enterprises,' gigawatts

35 —

30-

ra

Data center power consumption, by
providers/enterprises,'% share
i | i

Co-location
companies
; wl Hyperscalers:
o-

2014 2030

2020 2030

‘Derand ismeasred by power consumstion rete! he rubarfsrvers accent cnae Dan ines megawatts sre, ene,

‘nd netwar

Confidential 5

---- page 17 ----

PROJECT HAWKEYE
DATAWATT ENERGY
Datawatt Energy is an energy developer with over $20 billion and 15,000 megawatts of energy project experience.
Datawatt Energy is developing renewable energy and data center projects on over 14,000 acres across Illinois.
Evelyn Lim
* 20 years renewable energy industry
* Previously Co-Head, Project Finance, Chadbourne & Parke (Los Angeles)
* Terraform Power, Element Power, First Wind
* Milbank, Tweed, Hadley & McCloy LLP
* Cornell University and Fordham University School of Law
David Halligan
* 20 years renewable energy industry
* Previously CEO and CFO, Goldwind Americas
* First Wind, Enel, InterGen, Deloitte
* University of Manitoba
* Certified Public Accountant
Navin Nagrani
* 20 years real estate industry
* Previously Head of Real Estate Business Strategy & Execution, Hilco
* Hewitt Associates, Federal Reserve Bank
* Executive Board of Directors of Real Estate Investment Association
* Loyola University, Chicago
* Licensed Real Estate Broker, Illinois
Confidential 6

---- page 18 ----

PROJECT HAWKEYE DATAWATT

Select

Sa m p le of Shady Oaks Lee County, Illinois Knight Hawk Coal Mining Perry County, Ittinois

110MW wind project has a 20-year power purchase 3,000MW solar plus battery storage project being
D atawatt agreement with Commonwealth Edison. developed on surface coal mines in southern Illinois.

eat
Vie

Experience

Tradepoint Atlantic Battimore, Maryland Steel Winds Lackawanna, New York
Former Bethlehem Steel plant redeveloped as 3,300-acre 20MW wind project sited on former Bethlehem Steel factory.

logistics campus.
Confidential 7