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Tim Bush

Tim Bush

Head of Global Battery Research at UBS, specializing in EV battery metals and energy storage systems

Aug 11, 2026

5:06
Hm.
5:07
And, uh, you know, it, I, I really thought that, uh, this was a time where something had to happen different, and I, when I caught Kath on the phone, I thought to myself, "You know what? I thought I was making deals with God, and I was gonna, it was gonna be better." But I was realizing, you know, maybe God just doesn't want us to be married, and I'm not gonna tell her everything 'cause that was, uh, if I told her everything, then that would make me bad.
5:32
So I, I thought, "You know, I think the only way out of this is probably a divorce now, and I could just start my life with somebody else.
5:38
I could figure that out."
5:47
How, how did you move from all of that to keeping in, you know, staying in the process of improving your marriage? So you go from, "I gotta fix her." What was that transition to say, "Well, maybe, maybe it's not about fixing her, it's about fixing me"?
6:02
Well, and that's what I tell guys now, nowadays.
6:05
You, you always gotta look in the mirror if you wanna fix something in your marriage at what's looking back at you.
6:09
But, uh, for, for me, I remember after going to counseling with Jake, and he was just transitioning that with me, kinda talking to me about it, and, and then when he finally said, "You know, the, the issue in your marriage is you're not telling Kath everything." And that was after two years of counseling.
7:01
How should investors think about this China price and China cost competitiveness against the ramping U.S. battery manufacturing supplied? Any key beneficiaries or implications for customers you'd highlight?
7:17
That's a great question.
7:18
I mean, China has absolute, you know, part of the teardown this year.
7:23
know this teardown was about regional cost differences and making a battery in u.s and europe is 30 or more uh expensive than making them in china so china is the lowest cost option but i think when it comes to a battery this is about you know, energy.
7:49
I think the question now is, you know, what does the rest of the world do? You know, how feasible is it for China to be the only source of battery supply? Because that's creating a new dependency.
8:04
So in the case of Europe, they've proposed something called the Industrial Accelerator Act, And this would also tie subsidies to local content.
8:19
But of course, that's early days.
9:13
all right my last question because i think we have to talk about ai data centers on pretty much every call how do you think about um that growth in demand hitting cheaper battery prices and is that reshaping the long-term demand case for storage and renewables
37:39
So where does that energy and drive come from?
37:42
You know, it's the love of the soul.
37:43
If you really want to do a favor for somebody is get him back on track with faith.
37:47
And I don't think he necessarily have to be Catholic to get to heaven.
37:51
I've never held that position, but it makes it a lot easier because the discipline of Catholics.
37:58
And I think that's one of the reasons Catholics today are disproportionately successful in business is because they have that discipline of faith and of the rubrics of faith that are really founded by Jesus Christ, rooted in the Bible.
38:14
And it has a magisterium that the entire world, you know, I, I explained this to my grandkids and say, you know, I've got the readings right here in my phone because every day in every church throughout the world, they're doing the exact same readings.

6 MINS LATER

45:00
So what led you to start the Napa Institute?
6:37
Hmm.
6:38
Uh, but that w- that was part of it.
6:39
And then, uh, I went from there and was adopted by my grandparents 'cause my mom married a guy that didn't want to have any kids.
6:47
Uh, th- she gave me up to my grandparents for adoption, and my dad okayed that, my real dad.
6:53
And, uh, so that started and my, uh, no church in my life whatsoever.
6:58
And my, my dad, uh, I never saw him very many times, probably a half dozen times all through growing up until graduation time.
7:06
And then my grandparents, no church at all with them either, and they were married 37 years, but he also taught me my work ethic, work hard, sow your wild oats.

8 MINS LATER

15:30
Yeah, we both knew

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