XCF Global And Posh Energy Sign Letter Of Intent To Deploy Flex-Fuel Gensets, Expanding Clean Power And Credit Opportunities At New Rise Reno

• Transform Byproducts into Power - XCF and Posh Energy intend to deploy Flex-Fuel Gensets at New Rise Reno, converting SAF and renewable diesel byproducts into zero-carbon electricity and unlocking new revenue streams.
• Layered Credit Advantage - Hydrogen produced is expected to qualify for the federal 45V Tax Credits, while the clean power generated can reduce the lifecycle carbon intensity of New Rise Reno's fuels, boosting the value of its 45Z and LCFS credits, or be sold into the local energy grid to meet rising demand for renewable energy.
• Scalable Roadmap - The project is expected to begin with a 100-kW pilot and expand to modular 250-kW units, building toward multi-megawatt capacity.

XCF Global, Inc. ("XCF") , a key player in decarbonizing the aviation industry through Sustainable Aviation Fuel ("SAF"), announces that it has signed a Letter of Intent ("LOI") with Posh Robotics ("Posh" dba Posh Energy), an advanced clean energy company founded by Stanford alumni and backed by Y-Combinator, through its subsidiary New Rise Renewables Reno, LLC ("New Rise Reno") to explore deploying Posh Energy's Flex-Fuel Gensets at the New Rise Reno renewable fuels facility.

Posh's Flex-Fuel Gensets are expected to be installed at New Rise Reno to convert byproducts from SAF and renewable diesel production into clean, renewable electricity. Its proprietary reforming and fuel cell platform can process propane-rich byproduct streams and transform them into zero-carbon electricity. In the coming weeks, XCF and Posh plan to publish a white paper outlining how Flex-Fuel Gensets can transform byproducts from SAF and renewable diesel production into scalable sources of renewable electricity.

By integrating Posh's Flex-Fuel Gensets, XCF expects to unlock a combination of tax incentives that enhances both facility economics and sustainability metrics. Hydrogen produced by the system is expected to qualify for the federal 45V Clean Hydrogen Production Tax Credit, while electricity generated from that hydrogen is expected to produce Renewable Energy Credits ("RECs"). When used to power on-site operations, the RECs can be retained and retired to lower the lifecycle carbon intensity of New Rise Reno's SAF and renewable diesel, thereby boosting the value of the 45Z and LCFS credits.

Alternatively, the electricity and RECs can be sold into the Nevada power grid to serve the growing clean energy demands of the region's expanding data center hub. Located in the Tahoe-Reno Industrial Center, where some of the world's largest technology companies operate major facilities, New Rise Reno could supply renewable power through wheeling arrangements that help operators meet both regulatory requirements and corporate sustainability goals.

The project is expected to be rolled out in two phases:

1. Pilot Deployment: Installation of a 100-kW Flex-Fuel Genset to validate performance using New Rise Reno's byproduct streams.
2. Modular Scale-Up: Expansion of the project through a modular approach targeting a total capacity of up to 10-MW, providing significant upside in both credit capture and revenue growth.

Mihir Dange, CEO of XCF Global commented:
"XCF's mission to lead the transition to carbon-neutral aviation will be achieved not only by producing SAF, but by reducing carbon emissions throughout the supply chain to create a future-proof energy ecosystem. Teaming up with Posh Energy highlights how next-generation fuels and power can converge to deliver impact at scale. Converting byproducts into renewable electricity strengthens our sustainability profile while unlocking new revenue streams that enhance profitability, growth, and long-term shareholder value."

Wesley Zheng, Co-founder and CEO of Posh Energy commented:
"Posh Energy's Flex-Fuel Gensets are designed to convert challenging, non-standard fuel streams into reliable renewable power. Working with XCF at New Rise Reno gives us a first-of-its-kind opportunity to demonstrate how our platform can help decarbonize industrial facilities while supplying clean energy to meet the rising demand from grids and data centers."

The LOI is non-binding, and project execution remains subject to mutual due diligence, technical validation, and final agreements