Always this risk in the spec end of town, cash flow is king. That said a single large contract validating the technology and there will be no looking back. The matured tech and current focus on clean tech and funding puts Kalina in a pretty good spot to capitilise on the upcoming wave of investment.
The presentation below from the US govt highlights this increased investment.
https://energy.gov/sites/prod/files...rnationalGEAdeck2017FINAL2SubTERtimeline.pptx
Always this risk in the spec end of town, cash flow is king....
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