If the company meets its target and does deliver the first pilot unit next month, as it is indicated, I believe we have a good base. The efficiency of storing energy is apparently 10 times higher than using Lithium based products. If functional this could change the global market in ways we can only imagine. Energy generated from renewable sources can not be stored in sufficient amounts. Areas with a large production of such energy during limited times of the day or season are in urgent demand of a storage option. A great example is California with its huge urban areas producing wind and solar power. During the night the whole solar power is not available but that is the time of the day when average people are in need.
Overall: Yes it is very early, yes the set backs were expected but the company has a product. That alone makes this stock a lot more appealing to me compared to the endless Li companies which are not even in production yet.
14D Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
