We have confirmed our TRL of 6 and detailed the work that is required to achieve a TRL of 8. The details of this are included in the Conclusions as Future Activities. A risk assessment was also completed and mitigation and contingency plans defined for the major risks.
We have studied in details the market environment for F2F as a new entrant product in the power plant sector with respect to the major stakeholders. We have also analysed the main competitors in the market and their product offerings. We have completed a detailed Freedom-to-Operate analysis, in which no IPR barriers or restrictions were discovered, and we have identified the main regulations and standards we must respect in the development. The market potential that we intend to address primarily has been evaluated.
On the basis of the defined market, we have made financial projections based on 3 different scenarios, factoring in expected sales, our anticipated selling price and costs. This shows that under normal conditions F2F is a strong business opportunity, and even under the worst conditions has benefits for us and our customers although it is financially neutral.