What? In September 2024, Brookfield Asset Management announced a significant investment commitment of up to $1.1 billion in Infinium, a California-based company pioneering PtL SAF production. The deal includes an initial $200 million for Infinium’s Project Roadrunner SAF production site in West Texas and the potential for an additional $850 million in equity, which would enable third party debt capital for future global projects. How? The investment from Brookfield into Infinium was enabled not only through technological and operational innovation but also through financial and commercial innovation. Firstly, the investment was preceded by a commitment of $75 million of project equity investment by Breakthrough Energy Catalyst, following a rigorous infrastructure investor diligence process that demonstrated confidence around Infinium’s project development and technology platform. Secondly, bankable offtake agreements were signed between Infinium and American Airlines (as well as Citi for scope 3 emissions), which were instrumental in attracting the investment from Brookfield. Prior to these recent milestones, Infinium successfully leveraged a number of strategic approaches to help bolster investor confidence, including:1 Inking investment relationships with industry leaders, including Amazon. 2 Securing long-term offtake deals. 3 Building and operating the world’s first commercial-scale PtL production plant, which began shipping product in early 2024. Brookfield and Infinium worked closely together to define and align on a clear set of milestones and KPIs that need to be met to unlock the additional $850 million in capital, providing certainty and clarity to Infinium on how to successfully scale- up. In January 2025 Infinium secured additional funding from Brookfield and other investors as part of its Series C funding round.18 Impact: Through the above investments, Infinium is on track to develop the largest PtL project in North America, once operational, and has de-risked its business model for further scale-up in future projects.CASE STUDY 10 Investment from Brookfield and Breakthrough Energy Catalyst in Infinium Financing Sustainable Aviation Fuels 34

Financing Sustainable Aviation Fuels 2025