Here are Thomas’s comments regarding the funding Solar Foods received for the Factory 02 plant investment. 
Solar Foods announced on Wednesday that Business Finland has granted the company a total of EUR 77.8 million in funding for the construction and commissioning of the Factory 02 production facility. In our forecasts, we had assumed the company would draw the maximum IPCEI support of EUR 110 million, so the grant decision of just under EUR 40 million was in line with our expectations. However, relative to our expectations, the news included a EUR 38.1 million R&D loan granted to the company on attractive terms. The secured financing is positive for Solar Foods and represents another key step toward the industrial-scale Factory 02 plant. At this stage, the announcement does not necessitate changes to our forecasts. However, it is a demonstration of Solar Foods’ ability to raise financing on terms more favorable than market rates; furthermore, the low-cost loan financing reduces the equity dilution risk associated with the Factory 02 investment.