As a result of the Feasibility Study prepared, several conclusions can be extracted. Regarding the technical aspects of the project, its feasibility can be confirmed. Several risks have been identified and evaluated bringing back the conclusion that the implementation of a backup system is mandatory. The choice is a biodiesel generator, which will keep the carbon footprints equal as if this backup system will not be added. This security system will hardly ever operate, only in case of failure of the electric subsystem or unusual shortage of supply from the renewable energy source.
Meanwhile, the commercial assessment gives us the confidence that Enerbox will be easily sold. The market opportunity is huge and the consortium that we have formed has large commercial expertise which makes easier to attach Enerbox to the already established commercialization channels. There are many niches where Enerbox could be the best solution. At first, we will get focused on the organic farm sector devoted to livestock exploitation as well as agriculture (i.e. poultry, dairy, horticulture, etc). However, there are many evidences of other niches to be explored in the future (i.e. quicklime producers, sludge drying factories, doors manufactures and other wood base business, etc).
Finally, in terms of the financial evaluation we claim a highly profitable project, even with calculations based on conservative assumptions, in terms of sales, cost structure, etc. Also, other income sources have not been considered (i.e. retrofitted Enerbox to other biomass solutions, licensing, etc). Other topic approached was the possibility of financial constraints. We found out that it is unlikely that Enerbox will get into a lack of funds scenario. However, if so, the proposed strategy, based on a conservative growth and the entrance of new shareholders will sever to overcome the issue.
Therefore, the conclusion is that we must go ahead with Enerbox project. Firstly we will apply to SME Instrument to get a phase 2 funding. For that, and in order to address the project in a coherent way, we have prepared a detailed action plan, including the main tasks to be developed, schedules, budgets, work force requirements, etc. The aim of this action plan is to give an answer to the question: what to do next? The result is a comprehensive view of the technical, commercial and financial steps to be taken in order to minimize risks and optimize the strengths and opportunities of the project.
