GLOBAL ECOPOWER : JOINS FORCES WITH CEA TO ACCELERATE ITS DEVELOPMENT

GLOBAL ECOPOWERJOINS FORCES WITH CEA

TO ACCELERATE ITS DEVELOPMENT

Aix-en-Provence (France), May 29, 2018. Global EcoPower (Euronext Growth - FR0011289198 - ALGEP), announces it has signed a 5-year (renewable) partnership contract with the French Alternative Energies and Atomic Energy Commission (CEA). This partnership launched with the CEA Tech's technological research department provides for a research and development program on the cultivation of micro-algae in photovoltaic greenhouses, on the management and self-consumption of solar energy and on the various synergies linking these two fields.

Within the CEA, identified as the most innovative public research organization in Europe, CEA Tech creates technological innovation to improve the competitiveness of French companies through the performance and differentiation of products.

CEA Tech contributes in particular to the development of renewable energies by working in three major areas, solar energy, batteries and hydrogen, and more specifically addresses its new energy technologies to the energy, transport, housing and nomadic object markets.

Moreover, for several years, CEA Tech has developed a unique expertise which accompanies the development of industrial production processes of quality micro-algae for various applications in the environment, cosmetics, nutrition or agri-food sectors. Within the "micro-algae" platform dedicated to this activity, the CEA Tech teams in the PACA region choose the micro-algae best suited to the desired property and target market.

Within the framework of this partnership, GEP will make available a certain number of equipment including:

• ▪A pilot photovoltaic greenhouse intended for the experimentation of the production of micro-algae (notably spirulina). This greenhouse with an estimated surface area of between 100 and 200 m² will be installed on the CEA Tech site in Cadarache;

• ▪An experimental greenhouse of approximately 1,200 m² installed within the energy complex currently under construction by GEP in the municipality of Payra sur l'Hers in Aude(read press release of April 4, 2018). This experimental greenhouse will be entirely dedicated to joint R&D works between the GEP and CEA Tech teams.

«Global EcoPower masters the construction of photovoltaic and wind power plants. In Payra-sur-l'Hers(Aude) the company will build two sets of greenhouses and agricultural buildings (+/- 5.7 hectares) with photovoltaic panels on the roofs (6.6 MWp) and a 4.9 MWp ground-based power plant for self-consumption and two cogeneration plants for a total electrical capacity of 8.8 MWe.

Because in parallel we believe in the concept of agro-photovoltaics and the exceptional development of micro-algae, we have decided to use the inside of the greenhouses to produce high-quality spirulina. Supported by the dual expertise of the CEA Tech teams based in PACA, we will build a PV phycocyanin extraction unit, a true "blue gold" of spirulina and a therapeutic masterpiece for the coming years.»

François Perfezou, CEA Tech manager in PACA, comments:

«We are very enthusiastic to offer our know-how to a player who contributes to the development of an industry and a sector in the structuring phase. We will therefore help Global EcoPower to meet its challenges and support its competitiveness in the fields of energy production and high-quality spirulina production, by also making available to it all other parts of our technological spectrum developed in our various institutes.»

For the cultivation of spirulina, GEP has joined forces with "Spiruline de Normandie" (Algae company), a true professional in the sector and recognized through its various distinctions for the quality and taste of spirulina and the processed products it produces.