SB ENERGY WELCOMES GAETAN FROTTE AS CHIEF FINANCIAL OFFICER

Former NRG Energy executive enters SB Energy at stage of hypergrowth

REDWOOD CITY, Calif., Feb. 28, 2023 /PRNewswire/ -- SB Energy Global, LLC ("SB Energy") announced today that Gaetan Frotte has joined the company as Chief Financial Officer to lead SB Energy's corporate finance functions.

Mr. Frotte joins SB Energy from NRG Energy (NYSE: NRG), where he held various leadership positions in corporate and project finance for over 16 years. Over the course of his career, Mr. Frotte has developed a broad financial experience in the power and renewable industry including successfully leading a company through the public offering process and raising over $25bn of financings. As interim CFO of NRG, he led all finance functions during a period of unprecedented financial and energy change.

"We are thrilled to welcome Gaetan to SB Energy at a time of rapid growth for our company and of transformation for the entire energy industry," said Abhijeet Sathe, co-CEO of SB Energy. "Gaetan's experience and relationships across the financial sector will compliment SB Energy's Head of Capital Markets, Gianluca Signorelli, and further strengthen SB Energy's execution and capital raising capabilities," added Rich Hossfeld, co-CEO of SB Energy.

In 2021 and 2022, SB Energy delivered 1.7 GW of clean energy to the grid and expects to reach 3 GW operating in the first half of 2024, demonstrating the company's ability to develop, secure supply chain, finance, and operate at significant scale. To date, the company has secured over $5 billion of project and corporate financing to fund this growth. As SB Energy looks ahead, its focus is on building the leading renewable energy platform by combining strong execution with its expertise on delivering high-capacity renewable product offerings that are reliable, local, and matched to load.

"In just four years, SB Energy has created one of the strongest execution teams and growth opportunities in renewable energy," said Gaetan Frotte, Chief Financial Officer of SB Energy. "I look forward to accelerating SB Energy's growth and strengthening the company's financial infrastructure, as we differentiate SB Energy as the leading renewable energy platform combining technology and infrastructure at scale."

SB Energy is a leading utility scale solar, energy storage, and technology platform backed by SoftBank Group Corp. and funds managed by the Infrastructure and Power strategy of Ares Management Corporation. With 1.7 GW of solar in operation and another 8 GW of solar and 14 GWh of storage under development, SB Energy develops, owns, and operates some of the largest and most technically advanced renewable projects across the U.S. SB Energy's mission is to provide flexible renewable energy at scale, accelerating the global energy transition, and benefiting our planet, customers, communities, and people. For more information, visit SBEnergy.com.

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SOURCE SB Energy