They've now got access to $30m to fund their growth ambitions. They were able to grow 26.7GWh in the June quarter with limited access to capital, it is likely they will be able to grow much more rapidly with appropriate funding in place.
The equity upside for Blacrock is even palatable as it requires the share price to appreciate in order for them to benefit.
If they really put the pedal to the metal, it is now possible the 450GWh target could be delivered in the first quarter of 2020 - Eternalgrowth
Ann: Funding Secured from Global Investment Firm, Blackrock, page-4
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