Which revenues repeat without grants or pilot funding?
Test signed projects, recurring service, gross margin, grant assumptions and working capital by technology. Separate pilot revenue from repeatable commercial deployment.
Do certifications and test results support the environmental claims made?
Review patents and know-how, certifications, permits, test evidence, environmental claims, supplier warranties, project liabilities and rights in funded development.
Who carries performance and warranty risk for early installations?
Unproven performance, changing regulation, grant dependence, long sales cycles and warranties on early installations can make forecasts highly uncertain.
How will technical know-how and live demonstration projects transfer?
Transfer technical files, monitoring, permits, research partners, supplier support and responsibility for pilot and installed projects.