The IRS released allocations for the first round of the Qualifying Advanced Energy Project Credit (48C) on March 29, 2024
NVX is officially named in the list of 35 who chose to be self disclosed. $103m as we all know which means NVX now only needs to raise ~$130m for the Riverside 20kt project which is a hell of a lot more manageable
https://www.energy.gov/mesc/applicant-self-disclosed-48c-projects
https://www.energy.gov/articles/biden-harris-administration-announces-first-projects-receiving-clean-energy-manufacturing
Media Watch - NVX related, page-13869
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