Investor Presentation · Q3 2026

GeoPrime Energy
$8M Seed Round

Behind-the-meter modular power infrastructure for AI and critical loads. A 600+ MW development pipeline across Michigan and North Carolina, and the HG-250, a hydrogen-ready, stack-agnostic 250 kW SOFC platform in active co-development with Pratt Miller.

600+ MW

Development pipeline

250 kW

HG-250 module · Gen 1 target

MI + NC

Strategic project clusters

$8M

Seed · Platform & development capital

Confidential, for discussion purposes only geoprimeenergy.com

02 · The Market Problem

AI and critical loads need power faster than the grid can deliver

Utility interconnection has become the primary bottleneck to AI infrastructure growth. Speed-to-power is now a competitive weapon.

Interconnection Wait

3-7 yrs

Average utility queue across major US markets

Systemic Backlog

2,600+ GW

Projects stuck in queues (LBNL, 2024)

AI Demand Surge

~2×

US data center load projected to roughly double by 2030 (~17→35 GW)

Reliability Risk

+60%

Increase in US power outages over the past decade (DOE)

“Traditional utilities are built for decades. Critical industries are built for months. The gap is the opportunity.”

The Structural Cost Advantage

Behind-the-meter beats the grid on speed, and on all-in cost

Grid power, all-in$150-250 / MWh

GPE behind-the-meter$80-120 / MWh

Hyperscalers, Microsoft, Meta, Google, CoreWeave-class operators, are actively pivoting to dedicated, behind-the-meter generation to bypass grid constraints entirely. Intermittent renewables alone cannot serve 24/7 critical loads: the market requires clean, firm, dispatchable power.

Deep dives Project pipeline detail Business model detail

03 · The GPE Solution

Behind-the-meter modular power infrastructure

GPE develops islandable, hybrid power campuses co-located with the load, the missing infrastructure layer between a constrained grid and hyperscale demand.

Demand
Layer

Hyperscale Compute & Critical Loads

AI data centers, industrial clusters, and mission-critical facilities requiring firm multi-MW power on compute deployment timelines.

GPE ·
Missing Layer

Dedicated Behind-the-Meter Energy Infrastructure

GPE develops and operates dedicated generation campuses co-located with the customer, decoupling growth from grid interconnection timelines.

Constrained
Layer

The Utility Grid

Constrained by multi-year interconnection queues, transmission limits, and intermittency, unviable for near-term AI deployment.

Gas Generation, reliable baseload BESS, balancing & response HG-250 SOFC, H₂-ready firm power CHP, thermal recovery EMS / SCADA, orchestration

01

Islandable microgrids

Designed for 99.999%+ reliability, operating independently of the macro grid to protect continuous AI training and critical industrial loads.

02

Speed to power

By avoiding the utility interconnection queue, campuses target delivery in 18-24 months, aligned with hyperscale compute schedules, vs. 5-7 years for grid-scale builds.

03

Fuel-flexible & future-proofed

Natural gas foundation with a modular pathway to hydrogen blends and conditioned biogas, protecting long-term PPA viability and net-zero mandates.

04

Phased, modular deployment

Plug-and-play architecture enables rapid initial deployment and MW-by-MW expansion as customer demand grows.

Deep dives HG-250 technical architecture Partner ecosystem

04 · Pipeline & Traction

600+ MW development pipeline, active offtake discussions

Strategic project clusters in Michigan and North Carolina, anchored by the River Rouge flagship and a near-term proof-of-concept pilot.

Project / Location	Scale	Stage	Next Milestone
River Rouge, Michigan	200+ MW	Site Selection	Secure site control · advance offtake
North Carolina Corridor	300+ MW	Diligence	Secure strategic site control
Ann Arbor Pilot, Michigan	1-5 MW	Engineering	HG-250 prototype positioning
Industrial Cluster, Midwest	100+ MW	Early Stage	Complete feasibility study

Offtake status: active PPA discussions with hyperscale data center and industrial customers; no offtake agreements executed to date. River Rouge: 218-acre industrial site identified, EGLE air permitting initiated, FERC interconnection filing in progress.

Pipeline at a Glance

600+ MW

Total development pipeline

4 States

Geographic footprint

Pratt Miller co-development active

Structured HG-250 co-development program with an Oshkosh Corporation engineering subsidiary.

Active offtake discussions

Ongoing PPA negotiations with hyperscale AI and industrial customers across the pipeline.

Sites & supply chain

Strategic site selection and control advancing in Michigan; OEM relationships established with qualified stack and BoP suppliers.

Deep dives Project pipeline detail River Rouge & NC project detail

05 · The HG-250 Platform

A 250 kW modular, hydrogen-ready SOFC power platform

In active co-development with Pratt Miller. All specifications shown are Generation 1 design targets, the HG-250 is not yet commercially deployed.

01

Stack-agnostic architecture

Standardized mechanical, thermal, and electrical interfaces accommodate multiple qualified third-party SOFC stacks, supply-chain resilience without proprietary cell-chemistry risk.

02

Replaceable electrochemical stack cartridges

Field-serviceable cartridges minimize downtime and enable targeted replacement of degraded components while preserving balance-of-plant life.

03

250 kW modular scalability

Parallel modules scale from a single unit to multi-MW plants, 4 × HG-250 = 1 MW, 20 × = 5 MW, with N+1 redundancy and phased capacity expansion.

04

Integrated intelligence layer

Owned supervisory controls spanning real-time monitoring, diagnostics, predictive maintenance, digital-twin optimization, and plant-level orchestration.

05

Hydrogen-ready, high-efficiency CHP

Natural gas foundation with inherent hydrogen-blend and conditioned-biogas capability, plus integrated heat recovery for industrial thermal loads.

55-60%

Net electrical eff. (LHV) · Gen 1 target

80-90%

Total CHP efficiency · Gen 1 target

5,000 hrs

Initial field validation · Gen 1 target

40,000 hrs

Long-term durability objective

⚠ Development-stage platform, Generation 1 design targets, pre-commercial

HG-250 Modular SOFC System Architecture diagram

HG-250 modular SOFC system architecture · conceptual

Deep dives Technical architecture Competitive advantages Generation 1 design targets Development roadmap

06 · Business Model & Use of Funds

Multi-stream platform economics; $8M of focused development capital

The seed round is corporate platform and development capital, it does not fund project construction, which is financed at the project level through SPV facilities.

Four Revenue Streams

Development

Project Execution

Development fees at NTP, project exit / success fees, and asset management fees across the 600+ MW pipeline.

Ownership

Long-Term Yield

Long-term PPAs structured as tolling models, SPV equity returns, and tax credit monetization (ITC/PTC).

Technology

HG-250 Platform

Equipment sales and system integration, platform licensing, and recurring stack-cartridge replacement revenue.

Services

Intelligence & O&M

Fleet intelligence and controls licensing, performance optimization, and predictive O&M service contracts.

Revenue model at project level: fixed capacity payment + variable energy charge with 100% fuel-cost pass-through, eliminating commodity price exposure.

$8M Seed · Use of Funds

$8,000,000

$5.0M

Pratt Miller / HG-250 Co-Development

Program launch, architecture definition and stack qualification, system-level PFDs and detailed engineering, long-lead component procurement, prototype build and bench-test preparation.

$3.0M

Working Capital & Platform Operations

Project development and commercial execution across the 600+ MW pipeline, engineering, controls and software development, certifications and safety validation, legal, diligence, and investor readiness.

Seed capital funds platform and development activities only. Project construction is financed separately through project-level debt, tax equity, and SPV equity at each asset.

Deep dives Business model detail Development roadmap

07 · Team, Partners & Investor Ask

Experienced team, Tier-1 partners, focused ask

A vertically integrated platform backed by institutional engineering, EPC, and permitting partners.

Leadership

Ademola W. Fagade

Founder & CEO

Tim Schaefer

CFO (Fractional)

Lyla Ellens

COO (Fractional)

Michelle Merrigan

VP Gov Contracts & Ops

Neil Mortensen

Project Management

Frank Faga

Validation & Commercialization

Prof. Lade Adunbi

Sustainability

Matt Rainey

Corp Dev & M&A

Olagunju Oyeleye

IT

Strategic Partners

Pratt Miller / Oshkosh, HG-250 co-development GE Vernova / Jenbacher, generation technology Clarke Energy + Black & Veatch, EPC ERM, environmental & permitting

The Ask

$8M Seed Round

Launch the HG-250 co-development program with Pratt Miller

Advance the 600+ MW pipeline toward offtake and project finance readiness

Build the owned controls, intelligence, and orchestration layer

Deliver institutional-grade materials, certifications, and diligence readiness

Ademola Fagade · Founder & CEO
ademola@geoprimeenergy.com
www.geoprimeenergy.com

Deep dives Team detail Partner ecosystem

GeoPrime Energy$8M Seed Round