With the pandemic experience,
as well as
just the general trade tensions,
I think are forcing
a lot of companies to rethink
their supply chain strategy.
The emphasis has moved from
efficiency to resilience,
and reshoring is part of building that resilience.
It has to happen and it's happening already,
but it's not easy.
There are lots of challenges,
but in some critical industries,
like the chips and energy,
they’re strategic.
And so, I think they’re going to happen faster than
maybe other industries.
I'm intrigued by the 3Sun initiative.
It's a very bold initiative
and I think that the volumes
that are being considered
are not only bold,
but likely to make it economically viable,
if it works.
The question really is,
you know, you need to develop an entire ecosystem,
if you want to be truly independent
for the manufacturing of solar cells.
It's not just the manufacturing of the solar cells,
but all the components that go into it,
the raw materials that go into it
and then skilled people that have to be trained to,
in fact, be part of that ecosystem.
So, it's actually going to take a little bit of time
to fully develop that whole thing
But it's a very interesting initiative, I think,
and we'll have to see, actually,
what the challenges will be, but I'm optimistic.
We need to make so much investment
in the grid, as well as investment
in pipelines for things like green hydrogen
that will be almost equal to the cumulative investment
we’ve made so far in the last 100 years or so.
So, there's a massive infrastructure development.
The West has actually lost
its experience in doing mega infrastructure projects.
If you go to China,
you know, they do infrastructure like drinking water!
But we have lost our ability, I think,
in doing major infrastructure projects.
There's so many permits that are needed,
so many activist groups that can get involved,
there is NIMBYism.
So, as a result of all this stuff,
I think that there is going to be a lot of hurdles that we have to cross,
not just in production,
but in actually distribution of energy
to the right kind of places.