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How should a developer read the LOI-to-commissioned gap in one state?

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A high LOI count with few commissioned plants points at permitting, feedstock or financing bottlenecks rather than at a demand shortfall - so it should prompt diligence into why local plants stalled. The national ratio of 108 commissioned against 1,094 LOIs is the template for that analysis.

Source
IMARC Engineering
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Traceable to a named source.
Level
Investor & policyMoney, risk, and what the policy actually says.
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