Yes.

It's kind of the, the property of a grid that has loads of spinning generators on it, and those spinning generators can f- uh, stabilize the frequency whenever the frequency changes, basically in real time.

Um, and now that we have loads of renewables on the system, those are all inverter-based rather than spinning.

Um, so the spinning generators are not on all the, all of the time, and then we have less inertia on the system, but batteries can provide that, or grid-forming inverters can provide that, and batteries are great at doing that.

Um, and yeah, I think that's one of the great stories in Germany where we see that, um ...

Yeah, the grid operators see what batteries can do and see what batteries can bring, and actually s- said, "Okay, well, we need to make a product for that.

We need to incentivize that."

Um, how come a battery's making money off a dynamic grid fee?

How do you think about that?

Yeah, so I think there's two ways in which batteries can, because they have a very low marginal cost in almost anything they do, they can saturate any kind of market.

It just is a question of how much do you need to saturate it.

So even a day ahead market, if you build hundreds of gigawatts of batteries for a tiny market, then even the day ahead market will be saturated by these batteries, right? Because if they bid against one another, they have to really go low.

In the intraday, I think the way we think about it is that one thing is actually having to correct your forecast error.

I don't think that will go away, right? You will have that forecast error.

You will bid on the day ahead based on a certain view of the world.

How come are batteries making money off a dynamic grid fee?