We know that when $$\lim_{x \to a}f(x) \to 1$$ and $$\lim_{x \to a}g(x) \to \infty$$ then $$\lim_{x\to a}f(x)^{g(x)}$$ is an indeterminate form since in the neighbourhood of $a$ we cannot predict the exact value to where the limit approaches.
Is it indeterminate if the limit is in $2^{\infty}$ form?
No , $2^\infty$ is not an indeterminate form.
If $\displaystyle\lim_{x\to a}f(x)=2$ and $\displaystyle\lim_{x\to a}g(x)=\infty$ then to get $f(x)^{g(x)}>M$, just make sure $x$ is close enough to $a$ so that $f(x)>1.1$ for any closer value (possible since $f(x)$ can be kept close to $2$) and so that $g(x)$ is greater than $\log_{1.1}M$ (possible since $g(x)$ can be made arbitrarily large).