ACC is one of our letter of intent/MoU customers.
If you're trying to raise four and a half billion dollars to expand batter production, the companies lending the money will want it to be as de-risked as possible. Not to mention a lot of lending institutions these days have their own 'green' criteria that influence what they lend to and under what conditions.
So
-a customer that has signed an agreement to use our product
-is seeking HUGE sums of money to scale up
-that is likely to come with strings around sustainability and security - ie our competitive advantages.
all seems pretty good to me
Also, if they're raising money now, timelines for their expansion will probably fit more closely with timelines for our expansion. In fact it's the sort of partnership that could underline a case for us scaling up to 4-5x as we know is possible.
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