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Message: Observer Today Article

https://www.observertoday.com/news/local-region/2022/11/new-west-ellicott-plant-factors-in-electrovayas-plans-for-future/

Article puts everything together in one place. - Cost of purchasing the facility $5 mil

- Empire State Development (up to) $4 mil

- Regional Council Capital $2.5 mil

Initial cost to open facility (in fall 2023) at $75 mil

No additional clarity on the source of funds for the ~$63.5 mil gap between the funding they have in place/have spent and the estimated cost to open.  

Clearly we have our hopes pinned on Biden's climate bill.  

If all goes well, things could go really, really well. If they don't, I hope we don't end up with another Literion situation. 

Don't get me wrong, I admire Das Guptas' willingness to gamble. It's the reason i'm here.

 

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