Unfortunately, being early to the party is not always a good thing. PLS and most believers in the disruption have invested too early. Being early from an investment perspective is as good as being wrong, no matter how good the longer term prospects.
As we know, qualifying your product is also a long process, so any new projects will still have that process to go through to refine their product. Partnerships and product refinement for the customer concerned is an enormous hurdle and time consuming. From that perspective, timing is within 1 year or two of being perfect. Let’s be real, who could predict the supply chain development timeline as the industry development evolves. NCA, LFP, NCM 622, 811. None of us know exactly where the future will land and it all has enormous consequences for the supply chain.
Good news. Spain amongst others are going all in.
https://reneweconomy.com.au/spain-approves-push-for-100-renewables-bans-all-new-fossil-fuel-projects-63494/
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