The Importance of Volatility in the Market

In California, for instance, you have a four hour capacity credit market. And with an eight hour battery, I sometimes wonder how the developers going to get a return for those last four hours. But what we're seeing with batteries that are getting built in the market today is that they are massively outperforming their investment cases. There's a mispricing of volatility in the name for these products. The same is true for long-viguation storage.