For anyone interested in the probability of iM3NY getting funded by the DOE, here’s an example timeline of another company seeking funding while being supported by Chuck Schumer. The company is Li-Cycle.
September 19th, 2022, - Chuck Schumer writes letter to the US government in support for funding for Li-Cycle
https://www.schumer.senate.gov/newsroom/press-releases/schumer-reveals-just-passed-inflation-reduction-act_the-largest-investment-in-clean-energy-ever--will-supercharge-cutting-edge-battery-industry-in-finger-lakes-schumer-launches-new-push-to-deliver-major-fed-funding-to-rochesters-li-cycle-to-accelerate-their-growth-support-200-good-paying-jobs-and-power-upstate-ny-into-a-global-battery-research-hub-
September, 23rd, 2022 - Chuck Schumer visits Li-Cycle
https://li-cycle.com/press-releases/u-s-senate-majority-leader-charles-e-schumer-visits-li-cycle-rochester-hub/
February, 27th, 2023 - Schumer announces Li-Cycle is awarded $375 million in funding from the US government
https://www.schumer.senate.gov/newsroom/press-releases/schumer-announces-rochesters-li-cycle-awarded-gamechanging-375-million-department-of-energy-loan_creating-270-good-paying-rochester-jobs-and-1000-construction-jobs---to-power-finger-lakes-as-global-battery-hub
Here is the current timeline for iM3NY
April 18th, 2022 - Chuck Schumer visits Binghamton University, home of iM3NY, to support funding for the entire region to become a battery manufacturing hub in the US.
https://wskg.org/schumer-promotes-grant-to-fill-gaps-in-broome-county-battery-manufacturing-hub/
February, 28th, 2023 - Chuck Schumer writes letter to the US government supporting funding for iM3NY
https://www.schumer.senate.gov/newsroom/press-releases/schumer-launches-push-for-im3nys-700-million-department-of-energy-proposal-to-supercharge-battery-manufacturing-in-the-southern-tier
Funding announcement TBD
Seems like there's a theme:
- Schumer visits company
- Schumer writes letter to the US government in support for funding
- Company gets funded
I think it would be wise to anticipate the same outcome for iM3NY as for Li-Cycle. DYOR.
(20min delay)