NEW TECHNOLOGY AND DIGITALISATION

At Sonnedix we recognise that digital transformation will be a key facilitator of the energy transition and the speed at which we embrace its transformative potential will determine our success.

The first step in our digital transformation journey was defining our IT and Digital strategy which was our focus throughout 2020 and 2021. In 2022 we turned our attention to strengthening our team and digitalising many of our processes which will further contribute to working more efficiently.

In November 2022, we announced a partnership with Palantir Technologies Inc., a leading developer of operating systems for the modern enterprise. The multi-million dollar partnership is for four years and clearly demonstrates our commitment to further capitalise on our vast renewables infrastructure and streamline operations for datadriven decision making. Another key element to create efficiencies and standardisation in our day-to-day operations is our new Asset Management platform which we also began implementing in 2022. We plan on continuing this implementation through 2023 by gradually adding more countries and functionalities.

In parallel to implementing new technologies, we have been working on creating a state-of-the-art IT infrastructure to ensure that our data and processes are adequately supported. Integral to this is the creation of a Sonnedix Cloud environment based on AWS services, adding another first-class partner to our IT portfolio.

The final piece has been evaluating the cybersecurity risk we are exposed to, both in our operating assets and in our offices, and to develop a mitigation plan to make our business more resilient to cyber-attacks, a problem that is becoming more and more important in the energy industry. As a result of increased focus on managing cybersecurity risk and employee awareness in 2022, 50 cybersecurity incidents were reported including device theft and loss and 62% of employees completed cybersecurity training.