I wasn’t going to emphasise the 2026 as it’s far from ideal. But considering NVX & Kore both hold an approx 5% of one another & are crucial pieces of the local U.S. supply chain my guess is they will both agree to delay delivery to late 2025 or early 2026. Kore phase one is 2x 3Gwh production lines (6Gwh total) so difficult to determine what will be ordered. Can no longer see a need for supply in 2024 or even early 2025, possibly part of the reason for the CR on top needing to match the $100m grant.
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