A business based on credits and grants is not a sustainable business. When promoted as harvesting the grants to build a facility and then to sell it based on credits (perhaps hypothetical) and not operate the plant - it becomes a grifters hoax on the taxpayers as the source of the free government money.
Bad plan to begin with, but at least they’re not losing $321 billion as oil & gas did between 2015-2021 through 600 oil & gas company bankruptcies. ( Haynes Boone Bankruptcy Monitor)
A business based on credits and grants is not a sustainable business. When promoted as harvesting the grants to build a facility and then to sell it based on credits (perhaps hypothetical) and not operate the plant - it becomes a grifters hoax on the taxpayers as the source of the free government money.
At 69 cents per kWh or over 20 times it's market value, I can see why they want out.
Multiply 8.8 million by .11 to get annual cost. Divide by 1.4 million kWh per year to get cost per kWh.
Based on 8 % cost of capital and annual o&m equal to 1% of capital.
Bad plan to begin with, but at least they’re not losing $321 billion as oil & gas did between 2015-2021 through 600 oil & gas company bankruptcies. ( Haynes Boone Bankruptcy Monitor)