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Ann: Funding approved for US Barona 6.6 MWh LDES project, page-26

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SimonGr

3,447 Posts.

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25/06/24

00:18

Post #: 74469443
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Originally posted by Treed: ↑

"there's only so much that shareholders will tip in via capital raises"

Yes and that could be why Redflow keep pointing to a different path for factory funding but we seem to be waiting.

On 3 May I raised concerns here about the time to response, hoping it was not the same kind of time frame the DOE is at with EOS Energy (a loan though) coming up for 10 months and still in the same DOE due diligence phase. That funding is supposed to be around 80% of what they need to complete a factory that will enable them to sell batteries at more than the cost of production.

If they don't crack profitability soon? Where have I heard that before?

Expand

https://investors.eose.com/news-releases/news-release-details/eos-energy-announces-strategic-investment-3155-million-cerberus

You needn’t be concerned about EOSE.

RFX Price at posting: 8.5¢ Sentiment: None Disclosure: Not Held
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