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Board meeting in 30 minutes

Cinder Energy · quarterly board · 2:00 PM ET

Want me to draft talking points and flag what's changed since the last board?

On it — pulling 96 days of Cinder Energy board materials, KPI updates, and call notes; diffing against the Feb 14 board pack.

Read 11 emails · 4 docs · 2 call recordings · 3 KPI snapshots

Found 3 material upsides · 2 new risks · 1 watch item

Board prep — Cinder EnergyDoc

Board prep — Cinder Energy

Today · 2:00 PM ET · Quarterly board · Last board: Feb 14 (96 days ago)

+ Holyoke pilot held 78% round-trip efficiency on a 100-hour discharge — was modeled at 71%. Material upside.

+ DOE LPO conditional commitment landed at $480M.

+ $58M PG&E PPA signed — 12-year fixed.

− Iron-pellet single-source risk surfaced. Two vendors only.

Two items for live discussion: the iron-pellet second-source plan and the Xcel PPA Year-5 reopener. Three positive deltas to lead with.

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