On or about May 29 Daimler announces that their first industrial-scale Li-ion storage system is already on the grid and will increase step-by-step to 3000 kWh from its current size of more than 500 kWh. Yesterday Hitachi Chemical stated that it intends to spend about $83 miliion building a new plant in the U.S. by fiscal 2018. It is also stated that the company hopes to maybe join the Panasonic/Tesla Gigafactory. It seems that the plant will be for making anode materials and that the company enjoys the top global share of about 30%, as measured by value. These type of announcements along with all the others are a strong indication of just how much the market is growing. It's obvious that Electrovaya is running low on working capital. As such, an announcement of financing with a bank and/or a deal with the EDC should be in the not to distant future.