The materials chart in the exhibit below from today's daily report, is worth noting as it highlights all of the materials that are needed to advance the production of equipment required to drive renewable power production and demand. We would make one change to the chart in that lithium should also be added to the wind and solar categories to account for storage that needs to be built, although this could be done through hydrogen production or hydraulically, depending on location. One of our primary concerns concerning renewable power projections is the availability of some of these materials and we have written about the topic at length – most comprehensively in - 2022 – Policy Key, But Inflation Will Distract – Maybe Beneficially.
