Kanish Chugh

One,

There is this big push, not only from consumers, but also from governments and corporations as well, to look at more renewable sources of energy.

And batteries comes into that.

So trying to move away from oil, coal power plants, et cetera, and finding new technologies and ways in which

You know, we'll talk about the Paris Agreement or, you know, to try to really consider what is going to be, you know, the most sustainable future for the world.

And batteries is really going to be the focus of that.

And that's why we've been seeing this big, I guess, push on the innovation side.

The other aspect is, as you've seen more technology in the battery side really grown, you've actually seen greater uses of battery technology.

So when Sony first launched the first lithium battery, essentially, it was mainly...

used in diskmans, as you and I may know of them.

People that are listening to this podcast may not know what a diskman is, but MP3 players, cell phones at the time, laptops, so small battery cells.

And if you think about how much a cell phone uses or how much a laptop uses, it's essentially a laptop is using about 50 watts, watt hours.

Now, as the technology has improved and the storage of lithium,

the density or the size of the lithium batteries the the life of them as well and the recharging aspect so this will talk about the value chain soon but an electric vehicle uses about 40 kilowatt hours for 40 000 watt hours so

A massive jump up, but that's what we've seen is that evolution in the battery technology industry and the battery technology side.

So it's slowly moved away from just being, you know, if you looked around your room right now and even someone that's listening to this podcast, they're going to be listening to it on the phone.

So they're using a lithium battery.

But we're just at this inflection point of what the market can look like.

Exactly right.

So we're looking at some research in terms of what the size of the market is as well.