Great interview by Niv.
Contracts range from 2-5 years, 4 years on average.
Offtake $$ only include that which is binding, suggestions that orders extend beyond the $650m that is binding.
End users will likely be in stationary grid storage for buildings/homes... Some in commercial transportation..
Initial customers include Martec and BAE Systems (20bil GBP revenue in 2020, 16bil GBP marketcap)
Is still uncertain on margins as needs more clarity on production timelines and material costs ect. In due course, a broker report with this info will be issued to the market, probably when listing in US. This sounded like it may be listed as a separate entity rather than a dual-listing...
Did mention there is plenty of competition getting into this space now, big bonus to be producing in 2022.
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Great interview by Niv.Contracts range from 2-5 years, 4 years...
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