Media Watch - NVX related, page-14315

Chris can be too scripted at times so podcasts allow him to speak more loosely & occasionally he lets something slip so always worth listening to.
I’ve struggled to find a definitive example of how to monetize or sale for cash the 48c tax credit but it’s an upfront tax credit directly relative to a projects expansion costs, (NVX were granted the max 30% which came to $103m).
Doesn’t cover the building & land costs so makes sense why they held off from ordering equipment until this grant was accepted & why the capacity was increased to 20kt.
If Novonix had already fitted out Riverside the 48c credit would not be applicable.
Doing it this way maximised their funding potential for that particular project.

I wouldn’t be surprised if the LPO Loan for GF1 is updated to “Conditional Commitment” later this year, likely after an announcement from Samsung Sdi.