The other thing to think about is the California Energy Commission strategy. They are investing in a few technologies multiple times with the express aim of creating conditions where the suppliers can, or have to, increase production to drive down costs. With the understanding that currently the direct costs are higher than lithium based technologies. Redflow is not in a unique situation in this space and California seems to be the largest first mover in the non lithium space.
This is the California Energy Commission presentation that I posted 10 days ago.
Ann: Redflow undertakes capital raising to deliver on growth, page-61
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