TURN2X

Five years ago I saw batteries as a cornerstone of the energy transition and co-founded Kyon Energy. Today I see e-Methane the same way and I will help TURN2X to build up a European e-Methane platform. Together with my co-founders, we built Kyon into Germany's leading battery developer, bringing more than 3 GW of battery storage projects across 40+ sites to ready-to-build status, with another 1.2 GW currently under construction. That journey ultimately led to Kyon becoming part of TotalEnergies. I'm incredibly grateful to everyone who contributed along the way — our team, partners, customers, and supporters. What we achieved together would not have been possible without you. It was an incredible time!   But the energy transition is far from finished.   My past work was about electrons. I'm now convinced the next frontier is molecules, and, above all, the combination of the two. Electrons, stored in batteries, are unbeatable at balancing the grid over hours. But large parts of our industry, shipping and aviation can't run on electrons alone — they need fuels of high energy density. In addition there are many times over the course of the year where we have oversupply of electrons which we would need to store long-term. This is where e-Methane comes in — the molecule that completes the system. It's complementary to batteries, not competing: a storable, transportable form of energy that takes volatility out of the system over days, weeks and entire seasons. It can be produced flexibly wherever cheap renewable power is abundant and distributed through Europe's existing gas infrastructure without any changes. This helps us to decarbonize hard-to-abate sectors and at the same time make us less dependent on fossil gas imports. There's one more lesson I'm carrying over from batteries. Early on, the technology looked expensive. But costs fell faster than almost anyone expected, and at some point the economics simply made sense. I'm convinced e-Methane is on the same trajectory and the steepest part of that cost curve is still ahead of us. But none of this happens on its own. It has to be built. TURN2X is one of the early movers in this space, with validated technology, existing customers, and a growing project pipeline. Combined with the regulatory and market developments we're seeing across Europe, I believe this is a unique moment to help build a category-defining company. So this is the challenge I'm taking on next, together with TURN2X. I'm investing in the company and will lead their development efforts across Europe hands-on. More details on this soon. Five years ago, I believed batteries would become a cornerstone of the energy transition. Today, I believe e-Methane will become another. I'm excited to help build it with TURN2X.

We are proud that one of our flagship projects in Spain won the EU hydrogen auction! One of only 9 projects selected from whole Europe in an auction which was 7x oversubscribed. 🇪🇺 The EU still imports around 90% of it's gas, with a big portion coming from the US, Qatar and Russia. Our plant in Extremadura, one of Spain's most solar-rich regions, will turn surplus renewable electricity into clean, sovereign e-Methane that flows directly into the gas infrastructure Europe already has. The timing could not be better: With FuelEU Maritime, RED III and recent regulatory drivers now in force, there is huge demand for e-Methane across Europe. Our platform in Spain targets to address that. When operational, this will be the largest e-Methane plant in the world. Huge thanks to the European Commission, our partners, and every TURN2X team member who got us here. The path to genuine European energy independence runs through projects like this one.

Yesterday, the German Bundestag passed a law that changes everything for TURN2X We've spent the last years building the technology, built up the project pipeline, the partnerships, and the certification stack for e-Methane. Yesterday, Germany unlocked >8 TWh of additional demand for e-Methane and other electric fuels alone. With a penalty of around 14 EUR / kg-hydrogen (equivalent to >400 EUR / MWh e-Methane) it is one of the most attractive markets to sell into right now. The new THG-Quote mandates oil companies to cut the CO₂ intensity of their fuels by 65% by 2040. Most of this reduction will be done by switching from combustion engine cars to electric ones which is the right path, but for the millions of long haul trucks they can be powered by e-LNG / e-Methane to cut their emissions. TURN2X is one of the only companies in Europe that has a commercial plant up and running and has built up a pipeline of e-Methane projects to fullfil this demand. We have secured CO2 partnerships and built up a pipeline of projects and off-takers willing to serve this market. The good thing, Germany is not the only market we can serve. More than 10 countries have already implemented mandatory RFNBO sub-quotas. Because e-Methane is the only electric fuel that can be transported via mass balance through the existing gas grid, supply can always be routed to the highest-paying market. No risk of stranded assets. No single-regulation dependency. This is a structural advantage no other electric fuel has as of now. There is a huge window of opportunity now to execute against this. It's time to build!

We are proud to partner with Titan Clean Fuels one of the leading companies to provide net-zero fuels to the shipping sector. Already in 2024 they were on of the parties which achieved the largest ship-to-ship liquid methane (at that point biomethane) delivery to Hapag-Lloyd AG. Together we believe that liquified e-Methane (also called e-LNG) will be the key fuel to decarbonize shipping as it has: 1️⃣ Highest energy density of all fuels (30% more than e-Methanol and 2x more than ammonia) 2️⃣ Largest and growing asset base of alternative fuel ships (>1500 existing and > 900 in the order books vs 70 existing for e-Methanol and 3 for Ammonia) 3️⃣ Lowest decarbonization pathway via fossil LNG -> bio-LNG -> e-LNG pathway compared to other alternative fuels Looking forward to further working together with Caspar Gooren, Grégoire Hartig and the whole Titan team!

12 months injection achieved! Europe's (if not the worlds) first sustained commercial e-Methane grid injection, and we're just getting started! TURN2X and D.C. Gas Extremadura S.A. are proud to announce a landmark milestone: our e-Methane plant has been continuously injecting renewable gas into the Gas Extremadura distribution grid for 12 consecutive months. This is not a one off pilot or demo, this is a full year of ongoing, commercial operation. What makes this significant: ✅ First continuous e-Methane grid injection in Europe, now at 12 months ✅ Renewable molecules directly displacing fossil gas in the Extremadura network ✅ Real-world learnings on grid integration, certification, and operations, directly applicable to the scale-up of e-Methane and biomethane across Spain and a strong proof that our modular and load flexible technology is working ✅ Proof that existing gas grid infrastructure is a decarbonisation asset, not a liability Twelve months of operation have generated data, insights, and confidence that the renewable gas sector in Spain needs to grow. We are proud to be building that foundation, together with Gas Extremadura. Given the current spike in gas prices we see again how dependent we are on fossil gas imports and we are proud to set the base together with Gas Extremadura to make Europe more resilient. #eMethane #RenewableGas #Decarbonisation #EnergyTransition #Biomethane #Spain #CleanEnergy #GreenHydrogen #TURN2X #GasExtremadura

We are pleased to announce a strategic framework agreement with AGR BIOGÁS one of the leading biomethane developers in Spain to jointly develop integrated e-Methane projects in Spain. Under the agreement: 1️⃣AGR supplies biogenic CO₂ from its biomethane plants to TURN2X providing additional revenues for the biomethane plant 2️⃣TURN2X delivers renewable heat back to AGR operations reducing OPEX 3️⃣ The framework covers the full CO₂ output of selected plants Projects are implemented under binding project-specific agreements. Two projects are already under development in Extremadura and Andalusia, where our facilities will be co-located. This partnership is an important cornerstone in building TURN2X’s e-Methane platform in Spain, to make Europe more independent of fossil gas imports. By integrating biomethane production with hydrogen-based methanation, we create a highly efficient industrial symbiosis that: ♻️Maximizes carbon utilization ⬆️ Improves overall plant efficiency 💪 Strengthens project economics 🚀Accelerates industrial decarbonisation 🇪🇺Contributes to Europe’s energy sovereignty We look forward to advancing the first projects together and scaling many more across Spain! Thanks Cámara de Comercio Alemana para España (AHK Spanien) for hosting us and your support 🙏 David Piñero Grande Cámara de Comercio Alemana para España (AHK Spanien) Luis Martinez Belandria

We're excited to welcome Rinald Pereira to the TURN2X team as our new Electrical Lead! Rinald brings strong expertise in electrical engineering, power systems, and project implementation to design safe and reliableelectrical infrastructure for our renewable natural gas plants. He recently worked at Orcan Energy AG as Electrical Team Lead, where he managed electrical design and implementation for power generation projects. His core strengths include: - Electrical system design and implementation - Automation engineering and control system programming - Project management and standardization of components At TURN2X, Rinald will focus on designing and commissioning our electrical systems, ensuring our renewable gas production facilities operate at optimal efficiency and meet all relevant standards. With his background spanning from Technical Sales at Texas Instruments to Power Engineering at TUM, Rinald is perfectly positioned to help TURN2X achieve its mission. Welcome, Rinald! Let's accelerate the energy transition together!

We are proud to share that TURN2X is featured on page 5 of Siemens’ Global Q3 Investor Report! It’s an honor to be recognized alongside global leaders for our work in scaling up renewable natural gas (RNG) — and to see our technology highlighted as part of Siemens’ vision for driving customer value through innovation and cross-collaboration. TURN2X is one of the leaders in the production of RNG from green hydrogen and CO₂, and we are proud to work with Siemens for our commercial plant in Spain, which is already up and running — delivering RNG to customers today and making Europe more energy resilient. A big thank you to Siemens for showcasing our work and we are looking forward to building on our collaboration to accelerate the transition to a more sustainable and resilient energy future.