Status Summary This is the single, overall rating numbered 1 to 6, as trial in Table 1 on the next page. The Status Summary correlates to the current status in the market, such as commercial (i.e. Status Summary Level 2) or multiple commercial applications (i.e. Status Summary Level 4) etc. The Status Summary is determined by evidence in the market (ie for Status Summary Level 2, whether a a commercial trial has been conducted) and does not require each of the individual Indicators to be at the same level as the Status Summary. In most cases, an individual project will not raise the overall Status Summary but rather will increase an Indicator/s. 1: Description of Status Summary Descriptions Status Summary Level "Bankable" asset class driven by same criteria as other mature energy technologies. Considered as a 6 "Bankable” grade asset class with known standards and performance expectations. Market and technology risks not driving investment decisions. Proponent capability, pricing and other typical market forces driving uptake. Market competition driving widespread deployment in context of long-term policy settings. Competition emerging 5 across all areas of supply chain with commoditisation of key components and financial products occurring. becoming evident locally although still subsidised. Verifiable data on technical Multiple commercial applications 4 and financial performance in the public domain driving interest from variety of debt and equity sources however still requiring government support. Regulatory challenges being addressed in multiple jurisdictions. Commercial scale up occurring driven by specific policy and emerging debt finance. 3 Commercial proposition being driven by technology proponents and market segment participants publically – discoverable data driving emerging interest from finance and regulatory sectors. Commercial trial: Small scale, first of a kind project funded by equity and government project support. Commercial 2 proposition backed by evidence of verifiable data typically not in the public domain. Hypothetical commercial proposition: Technically ready commercially untested and unproven. Commercial – proposition driven by technology advocates with little or no evidence of verifiable technical or financial data to 1 substantiate claims.
Status Summary This is the single, overall rating numbered 1 to 6, as in Table 1 on the next page. The Status Summary correlates to the current status in the market, such as commercial (i.e. Status Summary Level 2) or multiple commercial applications (i.e. Status Summary Level 4) etc. The Status Summary is determined by evidence in the market (ie for Status Summary Level 2, whether a a commercial trial has been conducted) and does not require each of the individual Indicators to be at the same level as the Status Summary. In most cases, an individual project will not raise the overall Status Summary but rather will increase an Indicator/s. 1: Description of Status Summary Status Summary Level Descriptions 6 "Bankable" asset class driven by same criteria as other mature energy technologies. Considered as a "Bankable” grade asset class with known standards and performance expectations. Market and technology risks not driving investment decisions. Proponent capability, pricing and other typical market forces driving uptake. 5 Market competition driving widespread deployment in context of long-term policy settings. Competition emerging across all areas of supply chain with commoditisation of key components and financial products occurring. 4 Multiple commercial applications becoming evident locally although still subsidised. Verifiable data on technical and financial performance in the public domain driving interest from variety of debt and equity sources however still requiring government support. Regulatory challenges being addressed in multiple jurisdictions. 3 Commercial scale up occurring driven by specific policy and emerging debt finance. Commercial proposition being driven by technology proponents and market segment participants – publically discoverable data driving emerging interest from finance and regulatory sectors. 2 Commercial trial: Small scale, first of a kind project funded by equity and government project support. Commercial proposition backed by evidence of verifiable data typically not in the public domain. 1 Hypothetical commercial proposition: Technically ready – commercially untested and unproven. Commercial proposition driven by technology advocates with little or no evidence of verifiable technical or financial data to substantiate claims. trial