HiTHIUM Energy Storage’s Post

Transcript

Europe is a home of our renewables. The renewable starting from the beginning of a 22,000, it start to boom. Firstly, the Germany have the law of the EG the Anoba energies law, so they they provide the subsidy to stimulate the the solar growth and then the the Spanish markets picks up and then the Italian and other regions also start to boom. And now it's a solar is everywhere. In the words so at the beginning of the the early stage of renewable energies, everybody is fighting to reach a great parity so that without the subsidy solar energy can sustain by itself. Nowadays we we have already passed this great parity stage. Now we are at the setting the second stage where we have enough solar or some sometimes even other daytime that we have too much solar. Then we have the challenge that the infrastructure. The build up is a is a bit behind the schedule. So either you know the great company they need to expand faster to build up the the the network infrastructure and in order to accompany the the growth of the renewable energy, the solar and the winds or you know we need to add more battery into into the the structure so that we can have the the compatible growth for renewable energy. In a long term way. So from my point of view, I think battery storage will have the booming of course always starting from the the, the home of the renewable which is Europe. So we see a big potential from now to 2030 will be a huge booming for the renewable energy and for the battery storage systems. So this is my understanding that Europe is one of the key. Global markets in for for renewable energy and for battery business.