eReserve1 Project Overview

TERIC Power Ltd. (TERIC) is pleased to introduce our proposed eReserve1 Battery Storage Project (the “Project”). TERIC intends to apply to the Alberta Utilities Commission (AUC) for a permit to install the eReserve1 battery storage project at the 01-09-78-05-W6M surface location, approximately two kilometers south of the Village of Rycroft, in in the Municipal District of Spirit River No. 133, Alberta. The facility will be located on privately owned, cultivated land directly south of the ATCO-owned Rycroft 730S Substation.

Community Benefits

The Project would generate municipal tax revenue that will contribute to the tax base for the Municipal District of Spirit River No. 133 while requiring minimal municipal services. During the construction phase, the Project will provide local jobs for electricians, equipment operators, labourers, specialized trades, site managers and engineers. Once operational, on-going site services such as project operators, electricians, and vegetation control jobs, will be required. Additionally, the procurement of materials and local support services such as accommodations and food services for workers, will be required during both the construction and operations phases.