Elevated Solar is the first Vertically Integrated Solar Company for Mid-Scale Commercial Solar, Especially Carports, Nationwide

1. 1
Executive Summary
Elevated Solar is the first Vertically
Integrated Solar Company for Mid-Scale
Commercial Solar, Especially Carports
• Mid-Scale Solar ($1 million to $5 million projects) is not financially
viable without a vertically integrated approach.
• The opportunity for these projects is as vast as the commercial real
estate market, and it can expand nationally beyond the currently “solar
friendly” States.
Copyright Elevated Solar Performance, Inc.
August 16, 2018

2. 2
Impact Investing
ESP is an ideal investment vehicle for Impact Investors.
Here’s Why:
• Advancing solar energy
• 8% to 10% returns, AAA rated
• When the carport canopy product is used, which we are seeing 80% of the time on
these projects, it is solar you can see………….and touch and feel………..and it can
be in your community if you want. Unlike rooftop solar or ground mount (rural)
solar, parking lots are nearly always open to the public. When you invest in these
projects, you can witness your investment at work, real time.
• Typical impact investing will be several degrees removed from the actual outcomes
of the investment.
• We can develop a branded Elevated Solar canopy product, possibly with name
plates and placards on the steel columns.
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3. 3
The Problem
• In March 2016 the owner of a medical office building in Temecula, CA, wanted to
install $2.1 million of solar at his building. He went to the local, well-known,
(residential) solar company. The said they could not do such a large project. He went to
the large solar company in the San Diego area. They said that they did not do projects
under $5 million. Then he called Elevated Solar.
• In June 2017 a historic San Diego church wanted to install $1.8 million of solar at their
campus site. Repeat the story above.
• In February 2018 a California Community College sent out a public Request-for-
Proposals (RFP) for a $1 million solar project on one of their campuses. A mandatory
pre-bid meeting was scheduled. Despite the College’s presence close to one of the
largest solar companies in the USA, only Elevated Solar attended the meeting.
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4. 4
The Solution
• We established Elevated Solar to be a completely vertically
integrated solar company positioned to become the leader in
middle market solar.
• Smaller local solar companies cannot scale to do commercial solar; large solar
companies cannot justify the transaction costs of project under $5 million.
• Right now, $4.8 million in revenue for Elevated Solar in 2018 is represented by mid-
scale projects.
• By expanding our Sales, Marketing, Estimating, and QA/QC positions, we can triple
that revenue in 2019.
• By bringing solar into the mainstream commercial real estate
market, we believe that our only constraint is sufficient
capitalization of the company.
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5. 5
Elevated’s Business Model
• Layers in the Vertical Integration Model for mid-scale solar:
– Development expertise
– Sales and Marketing
– Financing solutions, either self-financed (ideal) or with key partners
– Design and Engineering
– Procurement of components and parts
– Complete installation with self-performing teams (EPC/Self-Perform)
– Own and maintain completed systems
Essentially, by driving out brokerage fees and layered margins, EPC costs can be
20% lower than the current state.
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6. 6
Elevated’s Business Model
(Cont.)
A One-Stop Shop for Commercial Real Estate Owners in Need of
Solar Energy
Mid scale solar should be sold in a similar fashion to major building equipment
such as lighting and air-conditioning. One company should do it all, and
financing the solution would be an added upsell for many customers.
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7. 7
Elevated’s Business Model
(Cont.)
• Our revenues for the last 6 months of 2017 were $1.4 million.
• Projected revenues for 2018 are $8.0 million.
• Goal for 2019 is to double 2018.
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8. 8
Solar Energy Carport Canopy
Specialists
• Elevated Solar is one of 3 California companies known for the
specialty in Carport Canopy Solar.
• Many mid scale solar projects will include carport canopies as necessary to achieve the
required power requirement of the real estate.
• The 3 projects described earlier all have a significant carport canopy component, and are
a major reason for the engagement with Elevated Solar.
• It is probable that many real estate owners nationwide will engage with Elevated Solar
to deploy small canopy systems at visibly public locations on their properties, thus
telegraphing their increased investment in their property along with their energy
conscious strategy.
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9. 9
Solar Energy Carport Canopy
Specialists
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10. 10
Market Strategy
• Elevated Solar has close relationships with national real estate companies. This allows
us to broadly contact the mid scale commercial real estate market, locally, Statewide,
and Nationally.
• The typical project has a 6 month to 18 month sales cycle from contact to contract.
• Three projects are currently under contract.
• 10 projects will be secured for the CY2019.
Copyright Elevated Solar Performance, Inc.

11. 11
The Elevated Team
• Bill Adelson, AIA MBA, CEO
Bill Adelson is recognized as one of a handful of experts in the California solar carport
industry. Combining an MBA from the NYU Stern School of Business with high-level
training in architecture and construction, Bill has been at the forefront of California’s
evolution into solar carports over the past 10 years.
Following a degree in Architecture from Princeton University, Bill trained on design
teams for high-rise office building projects throughout the USA. After moving to
California in 2004, and recognizing that California’s school systems were openly
adopting these systems, Bill joined with the most advanced steel fabricators in
California to investigate, adopt, and deploy the most efficient solar carports on the
market, while still maintaining the high level of integrity necessary for projects built
near and around schools.
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12. 12
The Elevated Team (Cont.)
• Tuan Nguyen, RMO, VP Operations
Tuan leads the construction and field operations for ESP. Tuan began his career as a
framing contractor (a carpenter), and he continuously advanced his career over nearly 20
years, rising to a foreman of complex building crews. In the recession of 2008, Tuan
moved to the solar industry, becoming the general foreman for one of San Diego’s
premier solar installers. Tuan holds a General Building B License, an Electrical C-10
License, and a C-46 Solar Installer’s License.
Tuan’s work previously at the Temecula Valley Unified School District established him
as California’s leading builder of solar carports. At Temecula, Tuan and his teams
installed 6.0 MW of carport canopies, on 18 sites, in 7 weeks. We are unaware of any
DSA school district project matching the scope and speed of this installation.
Copyright Elevated Solar Performance, Inc.

13. 13
The Elevated Team (Cont.)
• Jon Silvester, VP Technology and Business Development
In 2008 Jon Silvester began his career in renewable energy developing utility-scale
projects for Edison Mission Energy, First Solar, and other multi-national firms.
In 2011 Jon started JDS Power to pursue commercial projects. JDS Power developed
some of the first working solar + storage proformas and battery cycling algorithms to
demonstrate the feasibility of these projects with readily available and inexpensive
battery chemistries. In 2015, Jon brought together Tigo Energy and Sunpreme to create
the world’s first bi-facial smart panel – one of the highest yielding panels available
today. Later iterations have just recently won a prestigious award from Frost and
Sullivan for the Most Innovative Solar Product of 2018. In 2018 JDS Power joined
forces with Elevated Solar Performance to augment ESP’s turn-key construction and
development capabilities.
Copyright Elevated Solar Performance, Inc.

14. 14
The Elevated Team (Cont.)
• Krista Lamondin, VP Design
In her position, Krista manages carport design projects for school districts and
commercial sites throughout California and the US. She brings over 14 years of Project
Management and Architectural Design experience to Elevated Solar
Performance. While at Elevated Solar Performance, Krista has focused on client
experience, streamlining design processes, leadership, creativity and mentorship. Krista
has designed or managed over 80 carport sites. Before joining Elevated Solar
Performance, she was a Senior Project Design Manager at SunPower running
SunPower’s unique division of carport portfolios. Prior to that, she was a Senior Project
Manager at an architectural firm where she ran the architectural production department,
oversaw and created project budgets and schedules, and interfaced with owners and
consultants. Krista graduated from the University of Miami School of Architecture with
a Master of Architecture. Krista will become a Licensed California Architect in
CY2018. Krista is licensed in Arizona.
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15. 15
The Elevated Team (Cont.)
• Susan Bussdieker, VP Finance
Susan Bussdieker joined Elevated Solar Performance, Inc. in April 2018 as Accounting
Manager. She has an extensive 20 plus year background in construction accounting and
office management having held the position of Controller at various construction and
development based companies in Orange, Riverside and San Diego counties, CA. She
has also worked at telecommunications, environmental and eCommerce companies
throughout Southern California, New Jersey and Connecticut in progressive accountant
and manager roles.
Susan received a Bachelor of Accounting degree from Cameron University, in Lawton,
Oklahoma, in 1992.
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16. 16
The Elevated Team (Cont.)
• Matthew Winslow, Director, Solar Finance
Matthew Winslow works in business development and solar finance for ESP. He
possesses extensive experience in commercial real estate and project finance, and has
facilitated the installation of over 500 megawatts of solar developments. Previous to
joining Elevated Solar Performance he was the CEO of Allied Energy Group, LLC,
where he leveraged private equity to develop and finance solar projects. Matt’s
knowledge of the solar tax incentives, and securitizing and selling notes on secondary
markets, completes ESP’s vertical integration from finding to funding solar installations.
Matthew studied: Computer Applications, Information Technology, Managerial and
Financial Accounting, Organizational Leadership, Global Supply Operations, and
Fundamentals of Finance at Arizona State University. He received his Bachelor of
Science degree in 2014.
Copyright Elevated Solar Performance, Inc.

17. 17
Status and Timeline
• Company Founded September 9, 2016
• Licenses issued January 2017; Insured March 2017
• First contract awarded May 2017; $1.4 million revenue in 2017
• $8 million expected revenue in 2018
• Working model proven in 2018 (described earlier)
• Potential Liquidity Scenarios
– Acquisition by a larger solar company.
– Acquisition by a module manufacturer.
– With major growth and success, possible IPO.
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18. 18
Additional Slides for Reference
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19. 19
Why Solar Energy ?
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• (We can show one slide or 20 slides on this subject.)
• 50 year old technology
• 25 year warranty on performance
• Proven performance over the last decades
• Highly predictable performance based on Zip Code
• Virtually no moving parts; extremely low O&M costs
• No evidence of harm to wildlife
• Far more attractive in the built environment than are power poles and overhead wires
• Architectural improvement when installed on carport canopies

20. 20
Tony Seba - Stanford
Presentation
Copyright Elevated Solar Performance, Inc.
• The link below is to an extraordinary presentation, given in June 2017, by Professor
Tony Seba, Stanford University. Despite the one hour length, this is amazingly
compelling and is front and center relative to the status of solar energy in the USA.
https://www.youtube.com/watch?v=2b3ttq
YDwF0

21. 21Copyright Elevated Solar Performance, Inc.
EPC Compared to Traditional
Construction