Internal notes

Internal use only. Not for publication or redistribution.

Draft revision: the Aurelion Cells market share may be revised to 32.1% after the Q4 audit of the Gdansk plant. Do not share before sign-off.

Client pipeline: the Nordic utility renewal is under negotiation at 48,500 EUR per year. The automaker pilot is priced at 27,750 EUR.

Source protection: two of our Debrecen contacts asked not to be quoted. Their capacity estimate of 39.4 GWh per year is used only to cross-check our model.