GOLDWIND INSTALLS PRIMUS POWER ENERGY STORAGE SYSTEM AT BEIJING CAMPUS

Flow battery system helps reduce wind curtailment

HAYWARD, CA, March 9, 2018 – Primus Power (“Primus”), a leader in stationary energy storage systems,
announced today that Etechwin is operating an EnergyPod 2 at their Beijing campus. Etechwin is the
microgrid subsidiary of Goldwind, a world-leading wind turbine manufacturer.

The curtailment on wind energy is a significant economic problem, especially in western China. As stated
by Bloomberg, "drawing upon data from China's National Energy Administration, Bloomberg New
Energy Finance recently estimated that owners of China’s wind and solar assets forewent approximately
$4.7 billion in potential revenue due to curtailment in 2017.” In June 2017, the Qinghai province
recognized the critical role that energy storage can play to reduce curtailment and proposed new
legislation that would mandate the use of energy storage systems with new wind turbine installations.

Battery energy storage paired with wind turbines unlocks the ability to mitigate rapid wind output
changes due to varying wind speeds and helps ensure a stable power output, and controlled ramp up
and ramp down of the wind power generation [link]. Wind plus storage also provides electric grid
operators the ability to time shift power generation to periods of high demand and provides frequency
control to ensure a stable grid.

“Policy makers in China are considering a mandate that energy storage be incorporated with all new grid
connected wind developments” says Guoju Zhang, Goldwind’s Product Advanced Research Department
Chief. ”In anticipation of this mandate, we have installed, commissioned and are operating a Primus
EnergyPod 2 system at our facility. With the help of the Primus team, we look forward to proving out the
value of battery energy storage paired with our wind turbines”.

“Primus is very excited to be working with Goldwind and Etechwin to help solve the challenges
represented by renewable curtailment,” remarked Jorg Heinemann, Primus Power’s Chief Commercial
Officer. “Both Goldwind and their customers will greatly benefit from the multi-hour performance and
multi-decade life that our EnergyPod 2 provides. Our friends at Goldwind and Etechwin are phenomenal
partners, and we look forward to continuing our partnership on future projects”.

Primus Power / 3967 Trust Way • Hayward • CA 94545 • USA / www.primuspower.com 1

About Primus Power
Primus Power is a California-headquartered provider of low-cost, long-life, and long-duration energy
storage systems. The company’s flow batteries are shipping to U.S. and international
commercial/industrial, data center, microgrid, utility, and military customers. With technical innovations
protected by 40 patents in 11 countries, the Company’s EnergyPod systems offer exceptional reliability,
modularity, and energy density at an industry-low total cost of ownership. www.primuspower.com

About Goldwind
Xinjiang Goldwind Science & Technology Co., Ltd is a world leading wind turbine technology and energy
solutions provider (SZSE: 002202) (HK: 2208). With more than 40 GW of capacity worldwide, Goldwind’s
revolutionary Permanent Magnet Direct Drive (PMDD) technology is shaping a new standard in wind
energy. Goldwind offers its innovative comprehensive solutions for renewable energy development,
including equipment manufacturing and sales, service, and investment.

Media contacts

Primus Power Goldwind Etechwin

Kellan Draeger Sofia Zheng Ethan Hu

Business Development Goldwind Int’l Media Sales Development

+1 (510) 342-7632 +86 10 67511888-2163 +86 10 67853789-672

Primus Power / 3967 Trust Way • Hayward • CA 94545 • USA / www.primuspower.com 2