Your old PPA just expired.
Those electrons aren't worth much anymore, but if you convert those electrons into chemicals.....
You just started a new industry.
The $5T chemical industry operates with one business model.
Build massive production plants to reduce unit economics and produce cheap product. Then let low cost distribution networks get the product to the customer.
But what happens when distribution costs rise?
If you can produce chemicals at smaller scale, smaller footprint, closer to customer, the centralized model's advantage collapses.
What matters is the final cost to the customer, not the production cost.