These condensed consolidated interim financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States of America and are expressed in U.S. dollars. The following accounting policies are consistently applied in the preparation of the condensed consolidated interim financial statements. These condensed consolidated interim financial statements include the accounts of the Company and the following entities:

All inter-company balances and transactions have been eliminated upon consolidation.

The Company now operates in multiple business segments, and its reportable segments are based on the internal management structure used by the Company’s Chief Operating Decision Maker (CODM) to assess performance and allocate resources. Effective April 1, 2024, the Company realigned its reportable segments to better align with its business strategy and operational structure. As a result, the Company now reports results in the following segments: Battery Energy Storage Systems ("BESS") and Environmental Technologies. Previously, the CODM reviewed consolidated results when making decisions about allocating resources and assessing the performance of the Company as a whole and hence, the Company had only one reportable segment.

The change reflects how the CODM now evaluates segment performance and allocates resources. Prior period segment information has been restated to reflect the new segment structure. The measurement of segment profit or loss and total assets for each segment is consistent with the Company’s internal management reports used by the CODM. For further information, see Note 14.

Segment information is presented in accordance with the Company’s internal accounting policies, which are consistent with those used in the preparation of the consolidated financial statements.

In November 2023, the FASB issued ASU 2023-07, Segment Reporting: Improvements to Reportable Segment Disclosures. The ASU requires more details about the company’s business segments. This includes breaking down significant expenses for each segment and disclosing a new line item for “other segment items” to explain remaining profit or loss components. The Company also has more flexibility to disclose additional measures of segment profitability used internally. Finally, the ASU expands the current interim disclosure requirements to require that nearly all of the annual numerical segment disclosures also be made on an interim basis. This ASU is effective for fiscal years beginning after December 15, 2023, and for interim periods beginning after 15 December 2024. The Company is currently assessing the impact of the adoption of this ASU on its Consolidated Financial Statements.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The amendments in this Update require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. These amendments are effective for annual periods beginning after December 15, 2024. The Company is currently assessing the impact of the adoption of this ASU on its Consolidated Financial Statements. The Company is currently assessing the impact of the adoption of this ASU on its Consolidated Financial Statements.

The Company has implemented all new accounting pronouncements that are in effect and that may impact its condensed consolidated interim financial statements and management does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.