Presentation done by Anil Chalamalasetty, Founder, Group CEO and MD, Greenko Group on "New Energy for New India" at #TheIndiaDialog on March 1, 2024 at Stanford University. The #TheIndiaDialog was organised by Institute for Competitiveness and US Asia Technology Management Center at Stanford University. #TheIndiaDialog looks at inviting the world’s leading experts and intellectuals in the areas of economics, business, policy, social development, science, technology, art and culture to provide their perspectives and foster an understanding of India. There would be a series of keynote addresses, panel discussions, and fireside chats during the dialog.

1. 1
Strictly Private and Confidential
New India - New Energy
New Global Energy Order
March 2024

2. 2
Global Deep Decarbonization Scenario and India’s Key Role
Global Warming at Alarming Levels: 1.5o to pre-industrial levels
• Current decade is the hottest on record and predicted to have
more intense heat waves in future
• More severe thunderstorms and increased drought conditions
• Meltdown of permafrost area of 2.5+ million sq. km leading to
increase in Global mean sea level rise
• Ocean acidification destroying 90% coral reefs ecosystems
• Species extinction at a rate 1,000x greater than at any other
time in recorded human history
Electricity, Industry and Transportation – Key Emitters
India: Major Force in Global Decarbonization Efforts
Source: IPCC, UN Climate Action, World data, IEA
Electricity
30%
Industry
20%
Transport
17%
Other
energy
use
cases
13%
Agriculture
11%
Forestry
6%
Waste
3%
Other energy use cases include residential heating, steam etc.
China
26%
USA
13%
EU
10%
India
7%
Russia
6%
Japan
3%
Brazil
2%
Others
33%
Hon’ PM Modi’s vision of India as a decarbonization and
renewable energy hub:
• 500 GW non fossil energy capacity by 2030 and 50% energy
• Reduce carbon intensity of economy by less than 45%
• Green Hydrogen Mission with 5 MTPA H2 production
• Global Bio-Fuel Alliance as part of G20 leadership
• 20% bio-ethanol blended petrol to reduce emissions
• India Railways setting net zero targets by 2030 – one of largest
global transportation networks

3. 3
Global Seriousness to Action Climate Change
Source: Press articles, Climate Impact
- The Guardian, Jun 2021
- Financial Times, May 2021
~70% of Fortune 500 companies
committed to reduce their carbon footprint
• Contributing to carbon neutral, 100% renewable
and Net Zero targets between 2030 and 2050
• ~60% of these companies are EU based

4. 4
Global Energy Basket Dominated by Molecules (Oil & Gas)
Building Heat
& Cooking
Transportation
(Road, Aviation,
Maritime and Rail)
Industrial heat
and feedstock
Power
21%
25%
29%
17%
90%+ of Overall Energy Market(1) Has Been Unlocked for Deep Decarbonization vs 20% Electricity Market
India Energy Market $150 – 200Bn
Other Global Energy Market: $11 Trillion
catered by Oil & Gas commodities
Global Power
Market: $2 Trillion
Electricity Market
Global Energy Market ~$13 Trillion
(~10-15% of Global GDP)
Note: 8-10% is difficult to decarbonize due to process-based use cases

5. 5
India: #Top 3 Global Energy, Electricity, H2 & Base Materials Market
China
US
India
Germany +
France + UK
Russia
3,447.6 MToe
2,097.1 MToe
764.3 MToe
680.0 MToe
675.9 MToe
Key Energy Markets (MToe Oil Eq.)
China
US
India
Germany +
France + UK
Japan
6,500 TWh
3,800 TWh
1,300 TWh
1,267 TWh
950 TWh
Key Electricity Markets (TWh) Steel Consumption (MTPA)
China
India
US
Japan
Germany +
France +
UK
995
89
80
53
52
China
US
India
Russia
EU + UK
24
11
7
6
6
Hydrogen Consumption (MTPA)
Source: IEA,IEF
India Evolution as Global Green Hub will have Domestic and International Markets Opportunities

6. 6
Non-fossil Share in Overall India Electricity Mix expected to go up to
50%+ on capacity and 40%+ on energy mix
Source: CEA (as per draft NEP 2022-32; under-approval)
-
100
200
300
400
500
600
700
800
2022 2025 2027 2030
Installed
Capacity,
in
GW
Coal Flexible (Hydro+Gas) RE Others
Estimated installed capacity, in GW
RE Includes Solar and Wind; Others includes Small Hydro, Biomass, Nuclear
401
547
616
760
24%
53%
18%
42%
14%
39%
39%
13%
43%
33%
11%
51%
18%
10%
43%
X% % of grid energy

7. 7
India: “One Nation - One Grid - One Frequency”
Overview
• Transmission Grid is part of National Electricity Policy
(NEP)
• One of World’s Largest and robust grids with an uptime
of 99.5%+ at HV level
• Supports generation capacity of ~350 GW and supports
peak load of 200-225 GW
• India has 33 SLDCs, five RLDCs and one NLDC
• Central Grid in Synchronous mode and accomplishing
the objective of “One Nation, One Grid, One
Frequency.”
• Grid frequency always remains within the 49.90-50.05
Hz (hertz) band
• India was demarcated into 5 regional grids namely
Northern, Eastern, Western, North Eastern and
Southern regions
• All 5 grids are interconnected now to become One
Grid
India Transmission Grid

8. 8
India Advantage for New Energy Economy
Diversified Resource Base
• Abundant Solar Irradiation – Tropical zone
• 7,000 km coastline with Class-1 Wind generation sites
• Glacial fed river and perennial rainfall offers substantial capacity for
hydro development
One Nation One Grid
• One Nation, One Grid, One Frequency for smooth energy flows
• 99%+ availability with deep geographical penetrated network
Mature Industry and
Regulations
• Thriving developer ecosystem with sub-contractors and established
supply chains
• Strong policy support for renewable energy industry
Established Local Supply
Chains
• Water electrolysis and associated Chlor-Alkali industry is 100-year-old
mature technology
• BoP constitutes >50%+ costing in H2 systems: India advantage with
established and optimized local supply chains
Delivery Infrastructure for
International Markets
• India has well - established logistics market
• Major port infrastructure handling 700+ MMTPA of cargo volume in FY
20 handling all sorts of delivery cargo ships

9. 9
New Age Energy Solutions Enabling Shared Infrastructure Services
New Capacity / Captive plant
Planning
O&M and HR Capacity Build-out
Merit Order Dispatch & Cost
Optimization
Multiple Storage Assets
Multiple party Scheduling complications
Capital Lock-up
Transition from Captive Energy
Infrastructure Models
Cloud Storage Shared
Scalable Digital Services
✓ On-Demand delivery
✓ Flexible Scheduling
✓ Agile Control Systems
✓ Scalable Capacities
✓ Zero Upfront Cost
✓ Pay-as-you-go Pricing
✓ Scale Economics

10. 10
Energy Transition: New Global Energy Architecture
UPSTREAM
MIDSTREAM
DOWNSTREAM
Solar Wind
Storage Assets &
National Grid
Connectivity
Ammonia
Synthesis and
Crackers
Water Electrolysis –
Green H2 Production
Methanol / MTO
/ SAF Synthesis
Hydrogen / Energy Carrier
Transportation
Hydrocarbon fields
Ammonia
Synthesis
Methanol
Synthesis
Steam Methane
Reforming
Non-Food Biomass
RNG based Syngas
/ Ethanol production
Carbon Capture
from existing fossil
and bio sources

11. 11
Technology Enabled Architecture for Green Molecule Generation:
Addressing $11 Tn Global Energy Opportunity
Energy Generation
Energy Storage for RE-
RTC Power
Engineered Green Molecule
Manufacturing
Green Molecule Delivery for
Industrial Markets
Unique Technology Enabled Architectures enable Green Electron to Green Molecules
Energy Storage Technologies can include:
• Pumped Hydro Storage
• Non-Li ion batteries
• Flow Batteries
Molecule synthesis Technologies include:
• Electrolyzers (AEC, PEM, SOEC)
• Carbon capture units
• Molecule synthesis Reactors
• Enabling Catalysts
Delivery Technologies include:
• Ammonia crackers
• Storage (Compression /
Liquefaction)
• Organic Hydrides (LOHC)

12. 12
New Age Chemical and Material Supply Architecture
Consumer Goods
Packaging
Transportation
Construction
Agriculture
Pharmaceuticals
End Use Products
“Green Branded”
High Value Chemicals
(HVCs)
Green Olefins
(Molecules to Olefins)
(Ethylene, Propylene)
Green Aromatics
(Molecules to Aromatics)
(B,T,E,X compounds)
Green Methanol
Green Ammonia
Green Chlorine, Caustic,
Soda Ash
Green Polymers /
Intermediates
plastics, synthetic
rubber, synthetic fibers
Green Agro
Chemicals
Fertilizers, pesticides,
herbicides, fungicides
Green Specialty
Chemicals
paints, dyes, pigments,
additives, solvents
AM Green Focus Areas
Green Auto / Aero
Chemicals
SAF, emission control
catalysts, lighter
materials, adhesives
Lowest Cost Carbon
Free Energy
Storage Assets
Lowest Cost Green
Hydrogen Input
Access to Large
Captured Carbon
Sources
Renewable Natural
Gas - Bio based
Carbon Sources
Green Utilities
• Green Industrial
Zones, desal. water,
Steam

13. 13
Global Energy Transition: Fastest Transition in a Decade
Not So Long Ago… Current Energy ‘Transitioning’ World
24 / 7 Carbon Free Energy
Industrial Decarbonization
Long Duration Energy
Storage
Green Synthetic Fuels
Green Electrons to Molecules
Energy Web Applications
Carbon Markets
$150-200 / MWh Intermittent
RE tariffs
Grants / Sops for RE
investments
RPOs
Coal is King
Fastest Transition
(within a Decade)
Natural Gas for Life
Clean Energy Cannot be Mainstream
$40-50 / MWh Base load RE tariffs
Once-in-a-century Opportunity for Businesses to Disrupt Energy Markets and Ecosystems…

14. 14
India Impact: Industrialization of New Energy Economy
Potential Replacement in LNG Imports for Refineries: ~560 million MMBTU
annually
Substitute FDI
Impact: New
Energy Investments
Import LNG
Substitute
Potential Replacement in LNG Imports for Fertilizers: ~540 million MMBTU
annually
Enabling USD 8 Bn Import LNG Substitute per annum
Enabling USD 150 Bn Direct Investments in Upstream Renewable Energy
Creation Distributed Across Rural Ecosystems
Enabling USD 20 Bn in Manufacturing and New Technology Transfer
Investments
Potential for creating 1 Million High Skill and High Technology Jobs
alongside major rural development

15. 15
Deep Decarbonization Case Studies: New Use Cases
Green Polymers Facility
• Carbon Free Energy for use in Petrochemicals facilities to produce Green polymers
• Large scale polymer plants which were previously powered by captive consumption are all moving
towards carbon free energy procurement
Recycled Steel – Electric Arc Furnace
• Steel players installing Electric Arc Furnaces (EAF) in north, south and west India that will use scrap
as an environmentally friendly step
• Powering of EAF units across will be through procurement of Carbon Free Energy enabling recycling
and circular economy ecosystems in steel production
Data Centers
• Globally data centers consume ~3-5% of electricity and India will be leading the Asia growth of data
centers supported by localized data regulations
• Large expansion network opportunities to create large network centers for “Green Data” serving as
domestic and global data flow hubs

16. 16
Key Global Energy Transition and Deep Decarbonization Themes
Accelerating India
Energy Transition
Carbon Free Energy
Electrification
(Scope 2)
Enabling Global Energy
Transition and Net Zero
Goals
India Energy Export
(Scope 2)
Carbon Free Molecules
/ Chemicals
Net Zero Products
(Scope 1 & 3)
A
B
C
• India RE (Renewable Energy, Non-Fossil Energy) increasing from 20% in 2022 to 50% by 2030 of grid energy – India
amongst Top 3 energy, electricity markets globally
• Greenko portfolio with 10GW RE and 20GW RE Storage assets (7.5 GW operational now, 11 GW in 2024 and 25 GW
by 2028)
• Industrial decarbonization and enabling manufacturing of low carbon products for global exports from India
• Integrated Energy Cloud Storage Platform of 50 GWh by 2025 and 100 GWh by 2028 to democratize cost effective
RE storage solutions to RE generators and RE consumers
• Signed First Energy Export deal to Europe and Singapore
• AM Green innovation in packaging clean electrons as new-age energy transition molecules – green hydrogen in
various derivatives including green ammonia
• Unsubsidized Global low-cost Green Hydrogen at lower than $3 per kg and extending to e-fuels
• India’s domestic H2 demand of ~7 MTPA, among Top 3 global markets - Potential to displace $25Bn LNG imports
with green hydrogen
• Chemicals and pharma industry emits ~6 Gt of CO2 eq contributing to 10% of global emissions - Higher than iron &
steel and cement industries
• 5 key high value chemicals contribute to ~60% of emissions
• Producing ~ 20 key carbon free chemicals as building blocks of new-age zero emission chemical industry
• Enabling green pharma API supply chains with paracetamol, metformin produced from green building blocks

17. 17
Greenko School of Sustainability at IIT Hyderabad: Focus on Technology
Enabled Approach for New Global Energy Order
Greenko Doctoral fellowships already started in Jul-23
Masters in Technology in Sustainable Engineering with
graduation in Apr-25
Support to ~100 student entrepreneurs with mentorship,
capital support under BUILD program
Bachelors in Technology with Sustainable Engineering
focus to be launched next year
Research proposals with Govt. of India on key topics
across green steel, green ammonia etc.
Research collaborations across US and Germany in the
fields of sustainability and transformative chemistry

18. Thank You!