EarthGrid

EarthGrid has developed plasma tunnel boring robots that construct a network of large, underground utility tunnels that enhance infrastructure and expedite the transition to 100% clean energy.

1. Low Tech Risk validation
Our key suppliers, including Pyrogenesis (Letter) note that plasma systems operate in steelmaking & other harsh, arc furnace environments for decades.
3rd Party Engineering Report

2. PES & TBR Development
Operating 3 torches on PES! Tested spoils removal mining vacuum; Nibbler2 engineering 100% & assembly ~40%; PES v102 assembly 100%; Gobbler2 design ~70%

3. Test Tunnel completed!
In March ‘24, EarthGrid completed a 2.5-meter (8’ tall) test tunnel!

1. >80% of proposed solar & wind projects are abandoned
after a 3-year wait due to Weak Transmission

2. "We need to build 47,000 miles of lines to meet the energy transition."
Nora Mead Brownell, former FERC commissioner and PG&E chair.

3. Many private property owners are unable to connect renewable energy and broadband to their remote location, such as for data center developers.

4. Public utilities need to underground their power lines.

As a real estate infrastructure company, EG will sell renewable power and broadband in areas that have not been accessible. Prospective customers in rural areas will now be able to have renewable energy and broadband. EG has access to power from developers.

While EG focuses on undergrounding these utilities, the company will also lease access to utility providers via a toll.

The company offers trenching and tunneling services as well.

1. Real estate infrastructure companies & ISPs that provide communications infrastructure, such as American Tower, Crown Castle, & SBA Communications. Some are well capitalized and large. Their revenue requirements limit their ability to innovate.

2. Power utilities that cannot provide energy for 10 years on rural or private property.

EG's power & fiber combo reduces costs and strengthens the networks in areas not connected previously.

3. There are NO existing alternatives; we have over 132 patent claims for our Plasma Boring Technology.

EarthGrid's ("EG") competitive advantages are it's ability to build the real estate underground utility infrastructure at 10x lower cost, 100x faster boring, and 10x faster permitting. EG has 132 patent claims with 82 that have been published and 50 pending. EG's unique systems engineering expertise and processes in applying plasma torch technology to undergrounding is proprietary. Key vendor relationships and utility status are advantages.

The model is BOOM: build, own, operate, and maintain underground utility infrastructure primarily. EG is a utility in 46 States that enables Right of Way and permitting -- leading to reduced completion times.

The boring tool is protected via patents, while the system is integrated with no technology risk.

A toll is charged for the power and broadband. A lease is available to provide access to other providers.

BADASS: Boring and Drilling as a service OR Boring is available as a service.(BAAS)

We would extend our runway for operational purposes and to allow us to continue spending on our CapX and our tunnel boring machine equipment cost. We would extend our runway for 12-18 months. The equipment and machine cost is mainly in the maintenance & development of that equipment.