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Environment, Social and Governance – 2022 Report 30 June 2023 We are excited to present our first Environmental, Social, and Governance (ESG) Report, which represents an important milestone in our commitment to transparent and responsible business practices. This report has been structured to address non-financial reporting requirements based on the World Economic Forum (WEF) “Measuring Stakeholder Capitalism: Towards Common Metrics and Consistent Reporting of Sustainable Value Creation.” which builds on guidelines from existing frameworks including the Global Reporting Initiative (GRI), SDBs, Sustainability  Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD). Through this report, we aim to provide a comprehensive overview of CeraPhi Energy’s sustainability approach, highlighting our core values, strategic initiatives, and main achievements throughout 2022. We recognize the importance of aligning our business practices with the United Nations’ Sustainable Development Goals (SDGs) and have integrated our contributions towards these goals into our report. We are proud to share this ESG 2022 Report, which signifies our commitment to transparency and accountability. It represents our dedication to creating long-term value while actively addressing environmental, social, and governance considerations. This ESG 2022 Report was published in May 2023 as part of our ongoing commitment to timely and relevant reporting. Click here to view the full report.

Geoconvention 2023 – Nahanni Butte, NWT – Right Sizing Geothermal Development 23 May 2022 CeraPhi’s Andy Wood credited in a technical paper presented in GeoConvention in Calgary. ‘Nahanni Butte is a small community of under 100 people in the south-west corner of Northwest Territories. Presently, the electricity needs of the community are powered by a diesel generator. The heat for the community is provided by oil fired furnaces, oil fired hydronic systems in larger buildings (c.f., Band office and gym), and combustion of wood in individual residences. To increase the community’s energy stability and reduce their carbon emissions, geothermal energy was evaluated for both heat and power generation. Conventional geothermal energy was evaluated for the community, however, the upfront capital cost on a per person for this small community made this solution un-fundable at this point in time. As an alternative, a deep, closed loop, borehole heat exchanger was evaluated for heat production. CeraPhi Energy’s proprietary closed loop CeraPhiWell™ (monobore) system was evaluated. The advantages of this system is it can be deployed in a single, small diameter borehole. Locally available diamond drill rigs running relatively inexpensive HQ drill bit (63.5 mm) sizes can be used. While this solution has better per person economics for the community, it would involve extensive retrofitting of existing heat infrastructure, due to the lower temperatures of the produced fluids than the existing hydronic systems. This limits the applicability of this technology within this community to new residential and commercial buildings, where the heating systems can be designed for the lower temperature fluids circulated by the district heating system. While this area of the NWT has good geothermal potential, the technology implemented needs to consider the community’s needs and future development plans in order to find the best application of renewal energy solutions whether it be geothermal technology, or hybrid systems such as waste heat recovery from existing diesel generation, thermal-solar and/or wind generation coupled with heat storage.’ To view the full poster click here.

Greenvale Partners with CeraPhi Energy for Ground-breaking Geothermal Feasibility Study 23 May 2023 Greenvale Energy Limited (ASX: GRV, “Greenvale” or “the Company”) is pleased to advise that it has executed a binding Heads of Agreement (HOA) with prominent geothermal development company, CeraPhi Energy, to deliver a feasibility study to unlock the potential of Greenvale’s Longreach Geothermal Project in North Queensland. In addition to outlining the key terms of the feasibility study engagement, the HOA between the two companies gives Greenvale a non-exclusive option to utilise CeraPhi’s CeraPhiWellTM proprietary patents for its ground-breaking closed-loop geothermal technology.   Greenvale’s technical team sees the CeraPhiWellTM proprietary patents as integral to unlocking the immense geothermal potential of its geothermal exploration permit application areas, specifically those in Longreach and the exciting Millungera Basin region. CeraPhiWell™’s proprietary patents pertain to the unique design and installation of a down-hole heat exchanger system that innovatively employs existing technologies. This system offers remarkable versatility, enabling the recovery of commercially viable heat energy from the sub-surface in a wide range of locations. Furthermore, the CeraPhiWell™ serves as a dependable contingency for wells that do not meet production expectations. Commenting about the engagement of CeraPhi Energy, Greenvale CEO, Mr Mark Turner, said: “We are very excited to be working with the CeraPhi Energy team. Not only will their skills and experience be of great benefit in advancing Greenvale’s geothermal project areas, but the option to utilise their proprietary patents will undoubtedly prove invaluable as our geothermal strategy advances.” Karl Farrow, Founder and Chief Executive Officer of CeraPhi Energy, said: “Mining companies face significant challenges in decarbonisation due to the remote locations that many of these activities are carried out in. The ability to produce energy from closed loop geothermal virtually anywhere, enables us to place the energy where it is needed reducing the requirement of significant transmission and distribution systems which are not always possible and extremely costly to install. The opportunity to work with Greenvale Energy on this project demonstrates the versatility of our closed loop geothermal approach and its ability to become an anywhere solution for everyone.” Greenvale is taking bold steps to explore new sustainable energy technologies and opportunities, in parallel with the advancement of its flagship Alpha Torbanite Project (QLD). The Company’s commitment to finding an appropriate renewable energy source, is integral to unlocking the immense potential of Alpha.   In line with this commitment, Greenvale has chosen Longreach as the pilot area for its geothermal energy strategy and will partner with CeraPhi Energy to assess the effectiveness of its proprietary patents for the CeraPhiWellTM down-hole heat exchanger system. Greenvale is continuing to make significant inroads with its renewable energy strategy, with EPG 2029 close to being awarded and plans to build Australia’s first geothermal power station in Longreach using CeraPhi Energy’s closed-loop technology. This technology will enable Greenvale to produce 24/7 baseload renewable energy with no groundwater usage, making it an environmentally friendly and sustainable option. Moreover, the Queensland State Government’s recent takeover of the CopperString Project is a positive development for Greenvale. The Project runs through Greenvale’s EPG applications in the Millungera Basin, putting the Company in a favourable position to pursue geothermal opportunities in the area. The successful implementation of the Longreach Project is expected to pave the way for a larger-scale geothermal energy plant in the Millungera Basin, in line with the advancement of the CopperString Transmission Project. Greenvale’s innovative approach and the adoption of new technologies position it as a significant challenger in the sustainable energy industry, with the potential to drive real change. About CeraPhi Energy CeraPhi Energy was established with a clear mission to harness the power of geothermal energy and use it to create a meaningful impact in the global effort to reduce carbon emissions and combat climate change. The company boasts a unique blend of innovation, technology development, and has extensive experience in delivering successful energy infrastructure projects. This expertise is brought to bear on the development, delivery, and operation of projects that maximise returns and benefits for all stakeholders involved. Through its commitment to sustainability and cutting-edge technology, CeraPhi Energy is a key player in the drive to create a more sustainable and eco-friendly energy landscape. About CeraPhiWell™ The CeraPhiWell™ technology represents a breakthrough in closed-loop geothermal well systems, utilising a specially selected fluid circulated down a closed-loop well via proprietary systems that act as a down-hole heat exchanger. Using proven oil and gas techniques and equipment to drill wells up to 5 kilometres deep, higher temperatures can be accessed and brought to the surface. The required heat output and the ground temperature gradient at the site determine the depth of the well. Once installed and operational, the CeraPhiWell™ system requires minimal maintenance and no further interventions. Notably, the system is fully sealed, with no interaction with below-ground aquifers or permeable formations – and poses no potential hazard for unwanted pollution. Unlike conventional geothermal projects, there is no need for fracking techniques, which significantly reduces the risk of seismic events. These features of the CeraPhiWell™ technology greatly reduce the risk profile for geothermal projects and increase confidence in their successful development and operation. CeraPhi Well co-axial down-hole heat exchanger system  Geothermal Closed Loop Technology Fluid is circulated through the system (blue) down to the heat exchanger (1) where temperatures at the bottom of the well results in the conduction of thermal energy (red), which is returned to the surface heat exchanger (2). The thermal energy, in a controlled combination of pressure and temperature, is then routed through the surface heat exchanger to another medium within the Organic Rankine Cycle (ORC) plant. This energy expands into the ORC turbine (3), internally turning the generator to produce electricity (4). The hot fluid is then directed to the coolers (5), condensing into a cooler state and returning to the surface heat exchanger (2), where the well circulation reheats it. Power is sent to the substation (6) for transmission to the end user. Advantages of Geothermal Closed-Loop Technology Geothermal closed-loop technology

CeraPhi CEO Karl Farrow featured in OGV Renewables 3 May 2023 CEO Karl Farrow discusses how geothermal energy fits into the energy mix along with how the transition can be achieved and what the future looks like for geothermal in the latest OGV Renewables Issue 3. ‘In these challenging and uncertain times: climate change, rising energy costs, financial instability and the uncertainty of the geopolitical landscape, the energy we use and the security around this has become ever more important. ‘ – Karl Farrow Read the full article on Page 31. 

CeraPhi Energy and Weatherford enter into an Exclusive Collaboration Agreement to Advance the Digitalisation of its Global Geothermal Energy Offering 12 April 2023 CeraPhi Energy and Weatherford have entered into an exclusive collaboration agreement to provide an integrated package of products and services to end users for the development of geothermal energy. Through this agreement, Weatherford will offer its global expertise in Data Acquisition, Digitalisation and Automation Services and CeraPhi will leverage its proven engineering and project management services to provide enhanced geothermal technology solutions to the market. This is an exciting  collaboration, as both CeraPhi and Weatherford are committed to expanding geothermal energy development. Weatherford has decades of experience in geothermal projects and is committed to delivering innovative solutions that integrate proven technologies with advanced digitalisation to create sustainable offerings for maximized value and return on investment. The initial focus of this agreement is to support CeraPhi’s development and existing opportunities of repurposing end-of-life oil and gas wells in the UK and USA. CeraPhi’s first UK commercial demonstrator is underway and is planned to be complete by July 2023. The CeraPhi team is focused on its front-end resource modelling. Weatherford will support the Digitalisation and Data Acquisition of CeraPhi’s patented technology CeraPhiWell™, a closed loop downhole heat exchanger that draws up subsurface heat for different applications for scalable baseload energy, including: · Low Temperature Climatised Agriculture · Medium Temperature Heat Networks · Medium Temperature Heating Systems and Industrial Processes · Desalination and Water Treatment · Power Generation · Green Hydrogen through Electrolysis CeraPhiWell™ is at the heart of CeraPhi’s strategy to de-risk geothermal energy scale-up using end-of-life and non-producing oil and gas wells and prove the “huge commercial potential” for geothermal energy production. In addition, CeraPhi supports efforts to enable access to over 500GW of additional geothermal energy by 2050 in line with the Paris 2050 Climate Accord for carbon reduction. Karl Farrow, CeraPhi CEO, said, “This is a very exciting stage of CeraPhi’s commercialisation and totally in line with our strategic plan to align ourselves with serious execution and delivery partners who believe in the tremendous opportunity for Geothermal and have the ability to scale globally. Scaling the geothermal opportunity is key to reducing cost and making geothermal energy the baseload energy of choice everywhere for everyone. The lessons learnt, services and skills from the oil and gas service sector are key to this transition and Weatherford has been a leader in the field of innovation and technology for data acquisition from wells for many years, which is perfect for this collaboration. This collaboration is a natural fit and could be game-changing for geothermal’s role in the energy transition and have a revolutionary impact on the onshore oil and gas sector’s late life and ‘orphaned’ wells.” Matt Foder, Weatherford Senior Vice President of Innovation and New Energy, commented, “We believe geothermal energy will play an essential role in the energy transition and are proud to have been a leader in delivering results in such projects for more than 25 years. We look forward to collaborating with CeraPhi and leveraging our proven track record of providing digitally enabled solutions to our customers to unlock even greater geothermal energy opportunities.” Geothermal is a form of renewable energy taken from heat derived from the earth’s subsurface, and CeraPhi Energy’s Closed Loop Solution makes geothermal available everywhere and anywhere. Geothermal is one of the cleanest forms of energy and can be applied as a direct power source as well as for heating and cooling utilities.

CeraPhi CEO Karl Farrow featured in Executive Insight 5 April 2023 ‘Geothermal energy is the cleanest, cheapest and most efficient baseload green energy available anywhere. Geothermal resources are theoretically more than adequate to supply humanity’s energy needs, although only a very small fraction is currently being commercially exploited. UK based CeraPhi Energy is set to change that, explains the company’s founder and CEO Karl Farrow. ‘ Click here to view the full magazine.

CeraPhi fulfils commitment with its ‘Plant a tree with CeraPhi’ campaign 14 March 2023 As part of the company’s commitment to sustainability, we have now donated 250 trees through the Ecologi platform as part of our “Plant a Tree with CeraPhi” initiative. Planting trees is one of the most effective ways to address the climate crisis, maintain ecological balance, preserve wildlife habitats, and keep our temperatures from rising above 1.5°C. Trees not only provide us with cleaner air and a healthier environment but also help in mitigating the harmful effects of carbon emissions.  By planting trees, we create a positive impact on the planet and leave a lasting legacy for future generations. Visit our Ecologi site for more information on where our trees are planted and the climate projects being supported.

Today, CeraPhi Energy is pleased to announce that we have joined the United Nations Global Compact initiative — a voluntary leadership platform for the development, implementation and disclosure of responsible business practices. 1 February 2023 With this announcement, CeraPhi Energy is proud to join thousands of other companies globally committed to taking responsible business action to create the world we all want. The UN Global Compact is a call to companies everywhere to align  their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals (SDGs). Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,800 non-business signatories based in over 160 countries, and more than 69 Local Networks. “In line with our commitment to these principles, CeraPhi Energy is proud to be part of shaping a sustainable future for all and see it as our responsibility to make a positive impact.” noted Karl Farrow, CEO.

CeraPhi Energy Announces Strategic Partnership and Investment from IGNIS H2 Energy and the Geolog Group to Advance CeraPhi’s proprietary technology and execution strategy within the UK’s heat network sector 26 January 2023 CeraPhi Energy (CeraPhi) attracts strategic partnership and investment from Ignis H2 Energy Inc. (Ignis) and its sister company Geolog International BV (GEOLOG) in support of the company’s innovative technology development for repurposing end of life Oil and Gas wells extracting thermal energy for commercial use in UK heat networks.  This partnership and strategic investment comes on the back of growing investor confidence in the company’s proprietary CeraPhiWell™ technology and execution strategy within the UK’s heat network sector.  The investment supports the company’s commercialisation plans along with its recent award of significant matched funding from the Net Zero Technology Centre to deploy its CeraPhiTru™ thermal Response Unit on its first site early 2023. The CeraPhiTru™ unit is part of the CeraPhi suite of technology offerings and is designed to model and prove thermal resources already in place.  This is similar to the process employed in the Oil and Gas industry and will model and evaluate the thermal energy in place from deep end of life oil and gas wells, which then provides a quantifiable resource energy value along with unlocking its carbon reduction value. CeraPhi CEO, Karl Farrow said: “Affordable energy, along with the decarbonisation of heat, is one of the greatest challenges we will ever face in the UK. Our dependence on fossil fuels – and the intermittent nature of renewables – cannot provide us with the resilience required within our energy mix. With geothermal, we have a natural heat resource literally everywhere under our feet, and by using existing end of life oil and gas wells to provide a commercial validation of energy – and proving this resource using the existing expertise within the Oil and Gas sector – we plan to fast track access to direct use of heat at a commercial scale making it commercially available for everyone and an integral part of the energy mix.” Richard Calleri, CEO of Ignis and GEOLOG, stated that “This memorandum of understanding, highlighting our mutual interests, is another strategic steppingstone in building Ignis’ geothermal footprint and broadening its spectrum of application into the lower enthalpy environment. With CeraPhi’s focus on repurposing existing oil and gas wells in the European markets, Ignis can bring additional innovative technologies to advance this effort.” About CeraPhi Energy: CeraPhi’s mission is to deliver an impact change to carbon reduction, providing a decarbonising baseload 1-2-1 energy transition solution. Using expertise from years of Oil & Gas production, CeraPhi is tapping into experience and resources to unlock more than six billion years of energy stored under our feet. More about CeraPhi at www.ceraphi.com. About Ignis H2 Energy: Ignis is focused on evaluating and advancing technologies that lead to a sustainable energy path. Ignis is currently assessing and evaluating geothermal opportunities based on their technical, resource sustainability and financial risks with a view to quickly becoming a geothermal power producer in multiple countries. Within this role, Ignis is partnering with companies that offer step change innovations to improve reliability, cost, and efficiency in geothermal energy delivery. The end goal: 100% Green Hydrogen production from geothermal. More about Ignis Energy at www.ignisenergy.com. About GEOLOG: GEOLOG is a world leader in delivering solutions and expertise to National, International and Independent Oil, Gas, Geothermal and CC&S operators globally. Since its founding in Milan, Italy in 1982, to service the Italian Geothermal market, GEOLOG has developed cost-effective solutions to complex and expensive downhole measurement tools. Through optimization and real-time delivery of formation evaluation, reservoir analysis, and geochemistry analysis at rigsite, well construction is improved, well delivery optimized, and production delivery accelerated. More about GEOLOG at www.geolog.com.    

CeraPhi Energy Achieves Living Wage Accreditation 12 January 2023 We are delighted to announce that CeraPhi Energy is now fully accredited as a living wage employer. Our accreditation comes via the Living Wage Foundation and – as part of that – we have pledged to publicly commit to fair pay, have received full accreditation from the Foundation and are committed to annual pay increases linked to the cost of living. By paying the real Living Wage we are committing to making sure all CeraPhi staff earn a wage which is enough to live on. This is an important accreditation for CeraPhi Energy which – as a business – has corporate social responsibility and fairness running at the heart of its DNA. As part of our accreditation, we will be displaying the Living Wage Employer Mark and will be featuring our commitment across merchandise and digital assets – all provided as part of the Living Wage Foundation membership package. We will also be listed on the Foundation’s website and employer map. For CeraPhi Energy this is not just about doing the right thing, this is an accreditation which makes total business sense, making sure we attract the very best employees and retain them by paying the Living Wage. To find out more about the CeraPhi Energy Technology follow us on LinkedIn, or view our video.