Hestia

• “Project Hestia stands as a testament to Sunnova and the DOE’s unwavering commitment to spearheading transformative initiatives that benefit customers, empower communities, and enhance the overall energy landscape in the United States,” said William J.
• “This successful pricing of Project Hestia’s first securitization showcases our continuing dedication to pioneering sustainable, reliable, and cost-effective energy solutions.”
  “With this securitization, Project Hestia has set remarkable benchmarks for both credit ratings and cost of capital within our sector,” said Robert Lane, Chief Financial Officer of Sunnova.
• “Hestia I achieved a weighted average spread of 197 basis points over the benchmark interest rate through the BB level.
• The notes are backed by a diverse portfolio of rooftop solar systems, battery storage systems, and combined rooftop plus storage systems distributed across more than 20 states and territories.

• Each energy system will include access to Sunnova’s purpose-built technology, accessible by smart phone or other personal electronic device.
• “Today marks the beginning of an exciting chapter in our pursuit of a cleaner and more equitable energy landscape.
• Sunnova anticipates the loan guarantee agreement will support over an estimated $5.0 billion in Sunnova loan originations, reduce the company’s weighted average cost of capital, and generate interest savings.
• The DOE loan guarantee agreement is issued pursuant to Title XVII of the Energy Policy Act of 2005.

• The “abandoned building” in Randle Street, Surry Hills, adjacent to Central Station was once the R.C.
• Full of wooden trusses and likely old machinery oil, the building collapsed in a spectacular bonfire.
• How did Surry Hills come to be the centre of the fashion manufacturing industry, or “rag trade”, for New South Wales?

Dressing in New South Wales

• The New South Wales fashion industry was one of the most locally concentrated in Australia.
• Apart from some large men’s suiting and shirt factories, most men’s, women’s and children’s clothes and hats were made in or near Surry Hills.
• David Jones assembled its garments in a modern purpose-built factory in Marlborough Street, Surry Hills in 1915.
• Read more:
  Dressed for success – as workers return to the office, men might finally shed their suits and ties

The look and feel of Surry Hills

• Surry Hills was covered in cheap terrace houses built as worker’s rentals from the 1850s.
• Surry Hills was the main buying centre for fashion; department store, suburban and country buyers would walk from factory to factory to inspect the goods.
• Labour for the Surry Hills industry was drawn from the entire metropolitan area.

Post-war Surry Hills

• Fashion and clothing knowledge enabled many Jewish migrants to re-establish their livelihoods and identities across the globe.
• Low rents due to deteriorating building stock and the lack of demand for office space in Surry Hills meant clothing manufacturing continued.
• Factory buildings replaced some terrace houses from 1958, when Surry Hills was zoned for “B class” industry.
• The capital required to enter the industry was small; machines could be hired and floor space rented on a weekly basis.

End of the rag trade

• The reduction of tariffs and subsidies, price gouging, discounting and off-shore production decimated the industry.
• Clothing production moved to areas such as Marrickville, with Vietnamese entrepreneurs and workers replacing the Greeks who had once worked in the trade there.
• Rather than urban professionals and baristas, we would see rag trade seamstresses, finishers, designers, managers, retailers, salespeople and promoters.
• With this fire, another piece of Sydney’s rag trade and workers’ history is lost.

• As we enter the final days before Pitney Bowes’ May 9 Annual Meeting, we urge you to vote FOR all Pitney Bowes nominees and Katie May on the GOLD proxy card.
• Our goal remains to continue the strategic transformation of Pitney Bowes and to drive sustainable value for our shareholders.
• The Board recommends all shareholders to vote “FOR” all the nominees recommended by the Pitney Bowes Board (all eight Company nominees and the recommended Hestia nominee, Katie May) on the GOLD proxy card today.
• All Pitney Bowes shareholders of record as of the close of business on March 10, 2023, are entitled to vote in connection with the Annual Meeting.