Nick Sciple: There is increasing demand for batteries as a supporting industry to renewables. When the sun's not shining, the wind's not blowing, you still have energy that was produced from renewable assets that you can then deploy.
As battery costs fall, you can store the energy. Competing against hydro-electric or excuse me, fossil fuels, you can deploy these wind and solar assets, produce power more cheaply and also get those environmental benefits. But at the end of the day, a lot of this is just being cost driven because the cost of batteries are falling, but also the cost for solar panels, wind turbines, all of that's coming down and the efficiencies are going up. They want to improve their carbon profile. It's good for business, it's good PR, it's good for the world. They want to reduce their carbon imprint. Battery prices are coming down, scales going up, power users whether it's a utility, whether it's a grid operator, whether it's a large power user like a large manufacturer or Walmart or Home Depot, one of these companies that uses solar power. What do you do? You store the electricity. The wind doesn't blow all the time, the sun doesn't shine all the time. Hydro-electric has been around forever and it's important, but we just need to deploy more wind.
The two biggest drivers for renewable energy going forward are going to be wind and solar. You think about the larger renewable energy shifts. Jason Hall: Yeah, it's funny because the thing that really is unlocking the opportunity for Stem is like that commodity rates, the fact that prices continue to fall for storage, that the technology is getting better too, that companies are spending billions of dollars to increase manufacturing capacity so you're getting to scale. How are they doing that? As you say, batteries tend to be a commodity business. What does Stem do? I said in the intro they are trying to stand out in large-scale battery storage technology. Nick, I'm really excited to be on here talking about Stem and I tell investors that have been trying to figure out a way to invest in batteries really should look at this company because the bottom line is, and we'll talk about this. Why not? A couple of finance guys talking about college football, absolutely.