RedShift Energy, Inc.

Industry Challenges • Need for Low-Cost, Low-Carbon Hydrogen: The oil & gas and petrochemical sectors require cost-effective, low-carbon hydrogen sources and efficient CO2 management solutions. • Outdated Refinery H2S Management: Traditional methods are costly and fail to recover hydrogen. Existing high-capex Claus systems are outdated and inefficient. • Well pad H2S Management: Scavengers and acid gas injection methods are costly and are uneconomic at high H2S levels. Extensive flaring wastes high value natural gas. • Opportunity in CO2 Conversion: Captured CO2 can be converted into valuable syngas, avoiding the high costs of sequestration. • Water Cooling Towers use more than 25% of all processed water, and use significant quantities of chemicals to maintain efficiency, none of which is allowed to be reintroduced into the municipal systems for reuse. Non-chemical treatment can reduce water usage and cost of disposal. Market Opportunity • Growing Hydrogen Demand: Increasing at 6% annually. • Untapped H2S Waste Streams: 96 refineries and over 400 gas processing plants destroy over 2 million tons of hydrogen annually, equivalent to 25% of current U.S. hydrogen demand. • In Texas, over 9,000 wells are flaring more than up to 8 billion mcf of high sulfur natural gas annually. • There are more than 2 million cooling towers in the US, and data centers each will use over 100 million gallons of water per year Technological Solution RedShift Energy's patented platform technologies utilize catalyst-free plasma chemistry to: • Capture Hydrogen from H2S: Scalable to meet throughput requirements across the oil and gas value chain. • System Validated by Sulfur Recovery Engineering, Inc.: Proven recovery of hydrogen from typical amine feed • From 50%-93% H2S concentration. No issues from CO2, CH4, BTEX • Dry Reform CO2 into Syngas: For use in petrochemical and synthetic jet fuel production. • Advanced Oxidation of water as a non-chemical biocide to reduce wastewater