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Electriq Power Announces New Addition to its Board of Directors

Jennifer Lowry brings significant energy industry and project finance expertise to the Board

Electriq Power (Electriq) (NYSE:ELIQ), a provider of intelligent energy storage and management for homes and small businesses, today announced the appointment of Jennifer Lowry to its Board of Directors, effective immediately. She will be replacing Neha Palmer on the Electriq Board.

“We are delighted Jennifer has agreed to join both our Board of Directors and the Compensation Committee,” said Mike Lawrie, Chairman of Electriq’s Board of Directors. “She brings extensive experience in the energy industry to these roles, in addition to strong knowledge of project finance. Her expertise will be a great asset to the company as we build the future of Electriq.”

Jennifer Lowry served most recently as a senior executive at McCormick and Company, first as Vice President of Corporate Finance and Treasury before adding Risk oversight to her role. Prior to taking on the role at McCormick, Lowry spent more than 25 years in the energy industry in senior strategy and finance roles at Exelon, Constellation Energy, Cogentrix Energy and AES. During her career, Lowry has developed and enhanced risk management policies and provided strong oversight for financial and commercial transactions and operations.

Outside of her executive roles, Jennifer is a Founding Member of Extraordinary Women on Boards (EWOB). EWOB serves to advance boardroom excellence, modernize governance and amplify the influence of women inside the boardroom and beyond.

“I am thrilled to be joining the Electriq Board of Directors,” said Jennifer Lowry. “Electriq’s mission to enable access to the latest energy production and storage systems for all households, regardless of income levels, is one I believe in wholeheartedly. I look forward to leveraging my insights and experiences to enable Electriq to maximize its potential and build long-term value for shareholders.”

"Electriq is bringing together key constituents from finance, energy, local government, sustainability and more to provide households across the U.S. with secure, affordable, and predictable clean energy," said Frank A. Magnotti, board member and CEO of Electriq Power. "Jennifer’s deep experience in both the energy market and in project finance makes her a perfect addition to the Electriq board. As we continue to build out our business model, her knowledge and insights will be invaluable. I would also like to thank Neha for her years of service and wish her well as she scales her own energy transition company.”

Electriq provides zero-up-front-cost energy systems – turnkey energy solutions that include batteries, solar panels, software, project development, financing, and installation – for homeowners in specific geographies and across all customer classes, including Low- and Moderate-Income (LMI) households. By connecting organizations, companies, cities and municipalities, and their local homeowners into Sustainable Community Networks, Electriq is enabling a shared vision of making the planet a better place. Through these partnerships, as well as by providing a comprehensive solution portfolio, Electriq makes it possible to deliver complete, clean, affordable, and resilient energy to all homeowners.

About Electriq Power

Electriq (NYSE:ELIQ), founded in 2014 in Silicon Valley, provides turnkey intelligent energy storage and management solutions for homes and small businesses. Electriq’s solutions deliver always-available, low-cost clean energy, even during intermittent outages and inclement weather. Those solutions enable cities, municipalities, and utilities to provide their constituents with a path to sustainable and resilient sources of energy, regardless of socio-economic status.

Forward-Looking Statements

This press release contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to management. These statements relate to, but are not limited to, the expected contributions of Ms. Lowry, as well as our future operating and financial results. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including those described in our filings and reports that we may file from time to time with the Securities and Exchange Commission. We assume no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.


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