Qcells announces strategic partnership with Kendall Sustainable Infrastructure

• The newalliance underscores Q CELLS’ role as a complete energy solutions provider,leveragingits capabilities in deployinghardware, softwareandfinancing solutions, while de-riskingprojectsandtappingintoadditional grid service revenue streams.
• Q CELLS’ Grid Equity financing product will be offered for select Battery Energy Storage Systems (BESS)

[Irvine,United States, January 13, 2022] Today Q CELLS North America, a leading complete energy solutionsprovider, announced a partnership withKendall Sustainable Infrastructure, LLC(KSI), a nationally recognizedand forward leaning developmentand finance firm that managesinvestments in distributed scale impact-producing assets including solar and energy storage projects.

The partnership sets the stage for a closecollaboration between Q CELLS and KSI on project co-development andfinancing. Q CELLS brings a fullsuite of solutions including best in class Energy Management Software(EMS), BESS expertise and renewable energy hardware. In addition to expertise,Q CELLS has allocated capital for investment into KSI projects in the U.S.including those that could include solar modules, BESS, grid servicesand its Geli EMS.

For select energy storage projects, Q CELLS will also be able to offerits Grid Equity financing product, designed to de-risk energy storage projects in KSI’s project portfolio. Q CELLS’s Grid Equity solutionoptimizesthe value of energy storage systems by participating in ISO wholesale markets and demand response programs.

Dan Loflin, Senior Vice President of Q CELLS North America’s Distributed Energy Solutions business said, “We are thrilled to beginworking with KSI, and see this partnershipas an impactful step forward in demonstrating our capabilities as a complete energy solutions provider. We look forward to engaging in project developmentinitiativeswith KSI through providing ourhardware,software and financing solutionsdesigned tomaximize returns while de-riskingenergy storage revenues.”

John Chaimanis, Co-Founder and Managing Director of Kendall Sustainable Infrastructure said, “Teaming up with Q CELLS enhances our competitiveness by adding a rare capability in the marketplace. Q CELLS brings outstanding reliability and well-timed innovation.Working together will allow us to continue delivering on our promise of ‘value-added finance’ in a world of commodity capital. We’re excited to leverage Q CELLS’ complete energy solutionspackage.” Ken Lehman, KSI Co-Founder and Managing Director said, “KSI and Q CELLS share a dedication to improving the sustainability of our power grids.Each project we do together advances the transition to clean, renewable energy resources and will have positive impacts for years to come.”

About Q CELLS

Q CELLS is a renowned completeenergy solutions provider in solar cell and module, energy storage, downstream project business and energy retail. It is headquartered in Seoul, South Korea (Global Executive HQ), Thalheim, Germany (Module Technology & Innovation HQ), and Seoul, South Korea and San Francisco, USA (Energy Storage/Inverter & Software HQ) with operations all over the world. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East,Q CELLS provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental and residential markets. For more information, visit: http://www.q-cells.com.

About Kendall Sustainable Infrastructure

Kendall Sustainable Infrastructure, LLC (“KSI”) is dedicated to building and owning sustainable, long-lived assets, including solar, water, and other infrastructure projects. We believe that changing the way people get electricity and manage water can be done more resiliently and cleanly. Doing this improves the quality of life for all us. We believe that by empowering local companies through the provision of finance and a problem solving mindset that we can deliver these very heavily demanded solutions. The local companies that we empower will grow, their communities will get stronger, and we can produce attractive returns to our investors. As of today, the company has completed over 60distributed infrastructure transactions. KSI provides capital to local developers and EPC contractors during development and at project takeout with the ultimate goal of ownership. Investments range from $500K to$20M per project. For more information about collaborating on projects or our investment program, please visit https://kendallsustainableinfrastructure.com.

Safe-Harbor Statement

This press release contains forward-looking statements.These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and Q CELLS’ operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Except as required by law, Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Q CELLS North America
Media E-mail: media@us.q-cells.com