All right, so welcome to the section where we're talking about solar and wind and batteries and that huge, huge industry of renewable energy. Now, this is absolutely one of the most biggest sort of industries and rollouts of infrastructure that the world has pretty much probably ever seen. We are, you know, replacing an entirely old energy infrastructure with an entirely new one. And there are jobs just absolutely everywhere the you know, renewable energy and you know, movement or the world over is potentially one of the biggest producer of jobs out there at the moment. And these are jobs for all walks of life, as I said, so anything from you know, installing solar panels on a commercial roof or maybe a Residential Roof all the way to you know, manning the machine that prints out the batteries at the Tesla Giga factory and all the way back out to, you know, deploying wind turbines out in the middle of the ocean or something like that there's, you know, jobs for literally everyone out there.

And if you haven't found something so far, I would highly suggest getting a good look into renewable energy and the industry surrounding that because there are just, it is just a job making machine essentially. So for those of you who don't know, at the heart of this, you know, huge, not new industry, but, you know, a new version of an existing industry, I guess you could call it is the fact that the price of these three things that solar panels and, you know, batteries and wind turbines has just been absolutely plummeting. The price of it has just been coming down hugely over the past sort of 510 15 years. And this is in you know, relation to something like coal or gas which you know, for the better part of 100 years. has essentially stayed the same, you know, they do obviously fluctuate up and down over time.

But there's nowhere near the you know, price decrease that we've seen over the past 10 years of solar and wind and now coming up very fast batteries. So just like a CPU has gotten cheaper and faster over the years, so true has renewables. A recent report from Bloomberg New Energy Finance, found that, you know, the global benchmarks of levelized cost of energy for solar PV has decreased by 77% in just nine years. So that's the total life cost of it from the cost of you know, building it, to maintaining it to decommissioning it the whole overall cost. That cost has decreased by 77%. In just nine years.

The global benchmark LCA for wind has decreased by 38% in that same nine year period, and most excited The price index for lithium ion batteries has actually decreased by 79% in just seven years. And this last one of batteries is of particular interest. People are, you know, speculating, and they've done their analysis and all this sort of stuff. They believe that batteries are actually at the sort of inflection point with solar panels were back in about 2000. So, and this is something that I personally experienced. We've got solar panels on our roof, and we purchased them about eight or nine years ago.

Now. Back then, you know, we only got eight panels because they were very expensive. The panels, each of the actual solar panels, the eight solar panels were about 190 watts each. So each panel generated 190 watts of power, and it was, you know, bright and sunny. Nowadays, nowadays, though, sort of eight or nine years later, if you were to buy a similar system with you know, eight panels just like we've got eight panels, each one of those panels Because of you know, efficiency increases, and the fact that this is, you know, technology, people have been improving this technology just like they do with computer chips and RAM and all this sort of stuff. Because that's improved, those panels are now putting out about 350 watts of electricity.

So those eight panels, you know, it's still eight panels, they look almost identical, they take up the same amount of space. And what it's gone from is our system, which is a 1.5 kilowatt system to if you got another eight panels today, you'd be looking at more of about a three kilowatt system. So it's, you know, almost sort of doubled and in some cases has the amount of energy that these systems are putting out even though it's the same physical size. So it's a very, very interesting industry and you know, with batteries hopefully poised to make that, you know, level of next step over the next sort of five or 10 years. It'll be absolutely amazing to see now to give you a have sort of a better idea of how this industry has been tracking over the past, you know, 10 or so years, I'll put up some of these pictures here.

And this should give you a good idea of, you know, just how absolutely booming these three different, you know, industries are, they're all really surrounding the same one, which is renewables. But, you know, it's a clearly huge trend. There's no sort of other, you know, conclusion you can come to when looking at these pictures, it's just, you know, obviously, it's going to get bigger and bigger and bigger as the world rolls, you know, battery and wind and solar even more. Another important fact is that, as Tom manufacturers start to transition into that, you know, all battery electric vehicle type demand and we'll see that coming over the next five to 10 years. That's going to put a huge amount of pressure on the battery industry that they're going to have to you know, step up to the capacity that they produce batteries. That is just going to Absolutely increased like no one will believe.

And this is on top of, you know, home battery storage. So on top of what powers you know laptops and phones, they're all powered by lithium ion batteries as well. So there's multiple huge industries, you know, not it's not just about generating and storing electricity for, you know, coal plant or something like that. It's for individual homes, it's for cars, it's for laptops, and Batman, you know, smartphones and all this sort of stuff. So, you know, it's a very, very, very exciting industry to be in and to watch grow. And I've got a lot of hope for the future that the actual price of batteries will come down significantly, and I really can't see it not happening just because there are so many huge industries, you know, all piling in billions of dollars of research to try and get that, you know, amount of batteries they can produce per dollar down as far as they can.

And another sort of important point that a lot of people don't realize more so in terms of the solar and wind production is that a lot of people say that this is only for first world countries and that, you know, developing countries and all that sort of stuff aren't really, you know, doing much in terms of renewables because it's too expensive. And you know, it's only for the rich people, and yada, yada, yada. But in actual fact, the, you know, there are 48 countries, developing countries out there that have committed to 100% renewable. So, you know, if they've committed to it, they are obviously going to purchase and install and this is for the main reason that it's now getting cheaper, often in developing countries a lot cheaper to build that renewable energy resource rather than build a traditional old coal plant or, you know, gas turbine or whatever it might be.

The other big important part about it is that in a lot of these developing countries, it's a lot easier for them to build small, you know, renewable energy micro grids that connect directly up to the community, rather than having this big old, you know, centralized model power plant, that you've got to then run all these, you know, power lines that are very expensive to build and maintain to all these different communities, not to mention the original cost of the, you know, generation unit is huge, you can just have a little cheaper and much more decentralized, energy producing unit. So, there's a lot of arguments to say that, you know, it's actually way more beneficial for these developing countries. And China is another absolutely huge case of a developing country that is, you know, the world's biggest producer of solar panels and the biggest user of them as well.

They are installing huge amounts of renewable energy. So that sort of mantra and thinking that it's only for the rich countries and for the rich people that can afford you know, renewable energy. Get rid of that entirely. It is most certainly for everyone, but it's rich and developing countries. So there's an absolute ton of jobs out there. So everything from the first world countries like America who are a huge installer of renewable energy, even with the current administration, doing all it can to revive coal for some reason, you know, right through to the developing countries like China.

And you know, also India is a huge player as well. These are the three biggest countries that are committing the most resources and, you know, developing the most renewable energy and as such, I would assume, have the most jobs available to them. So if you're in one of those three countries, good news for you. In the next part of this, we'll be looking into the sort of future parts of renewable energy to get you even more up to speed on the industry. I'll also be looking at the certain you know, focal points that I believe we'll be going towards in the future. So have a chat with them about that.