Alrighty, so now we're looking at the future sort of focal points for this industry. So as I said before, you've got America, China, China, America and India are the top three countries that are expected to, you know, deploy these sorts of renewable technologies over the next few years, they're actually predicting that they'll be responsible for about 66% of, you know, just those three countries will be representing that 66% of the renewable energy capacity that's rolled out over the next few years. There's also India who, you know, solar together with wind accounted for 90% of the of the, you know, energy infrastructure that they have been rolling out. So you can only imagine that that's just going to get even better. And in terms of America, as I said, even with the current administration, You know, there is still an absolutely huge push to roll out renewable energy simply because it's cheaper and better in a lot of cases, it has nothing to do with, you know, political views or anything, these are companies making pure financial economical decisions in their best interest.

So it's obviously, you know, a win for them. The other side of the equation is that, as these businesses do install more and more solar, that sort of word of mouth gets around, and it really starts to pick up because, you know, if you're an accounting firm, and you see the accounting firm across the road, install solar, you know, it's gonna make you start to think that, hey, if they're doing it, maybe I can do it as well and you'll start investigating that and it's, you know, a bit of a snowball effect that as more and more of it gets rolled out more and more people are aware of it and know about it and actually investigate it and go, Oh, wow, this is a fantastic deal. And actually go ahead and purchase it. On top of that kind of snowball effect. You've got the added the other added benefit that as the technology matures and it becomes, you know, a more clear investment that is safer.

And this is at the very, very big level of, you know, huge companies or people that are building huge wind farms or solar farms and that sort of stuff. As this technology get gets more and more mature, the actual finance behind it starts to cost less and less. And this is a really important factor. Because it directly kind of, you know, correlates with how expensive that new solar farm might be, you know, if it costs them 5% of interest on their loans, as opposed to 4% interest, it's obviously going to route going to result in a much cheaper deployment. So these are all really, really good points that, you know, it's basically just a growing industry, they have to replace basically the entire energy industry with renewable technologies with batteries with decentralized grids instead of centralized grids with smarter, you know, things are actually deployed. The technology better and can focus electricity on the right points at the right time.

So it is a huge, huge job. And it's, you know, there is a lot of work that is done in software, but the vast majority of it is in hardware, which still needs, you know, physical hands and labor to actually go out and do it, which is fantastic in terms of creating jobs. Now, along with those, you know, companies that are buying up solar and the process of getting cheaper, you've also got that technology development in the background. So it's not just finance that's getting cheaper for these technologies, it's the technology itself is getting cheaper, and this can come in a number of different ways from you know, higher manufacturing capacity, which translates to lower manufacturing costs, all the way back to the r&d sector, where they can actually make something like the wind turbine blade bigger and you know, with the new materials that come out, which makes the actual one turbine produce even more power than it used to so rather than having 10 turbines that produce you know, six megawatts each Have could have 10 turbines that produce 12 megawatts each.

And, you know, obviously, you're essentially doubling the amount of electricity that you can produce, doubling your revenue while at the same time, you know, sure, there might be a bit of increased cost for those more fancier windmills, but you know, it's probably not going to be double so you can get an even cheaper per kilowatt of electricity that you're producing out of it. So these are all benefits that are essentially going to translate to the industry, continuing to absolutely boom over the next, you know, five to 10 to 15 years as we go about replacing everything, particularly in the batteries as well as I stated before, it's not just renewable energy and, you know, energy generation industry that's focusing on batteries, you know, grid storage or you know, home storage. You've also got the entire car industry as well to focus on it for batteries for all battery electric vehicles.

So you've got these two, absolutely. You know, to have The biggest possibly even the biggest industries in the entire world, all pouring in their research and their funds to try and get this price down. You know, it's not too hard to tell where it's gonna go in the future of course it's gonna go down and that's what's been happening lately. So I would expect over the next five to 10 years batteries to absolutely plummet in price just like solar has done in the past five to 10 years, I would actually even expect it to plummet even more just because, you know, solar just had the energy industry putting r&d funds towards this as the energy industry and car manufacturers as well as laptop and smartphone producers You know, there's just ridiculous amounts of money so expect that battery processor absolutely plunges Linux 10 years, speaking further about batteries and their r&d and their development.

Most of the focus is usually on you know, the cathode or the anode or the actual underlying lithium ion technology and making that more efficient because Every one is quite highly focused on that. But it doesn't mean that you know, a new technology or a new type of that tree can come out and there's been a lot of excitement recently about solid state batteries. And these are batteries that you know don't use something like lithium ion they're actually more like a you know solid block of material that is obviously much more dense and therefore can hold a much bigger charge in a smaller volume. And this is very important because they're lighter, they cost less to make and along with that, because it is a completely different technology to lithium ion, they have other you know, quite desirable properties such as being able to charge very very, very quickly so you're talking about minutes of charging time versus potentially hours with lithium ion batteries.

So that obviously hasn't come out just yet. You know, you can't buy a smartphone or a car that has a you know, solid state battery in it at least as far as I know. But it's something that is getting along People very excited and that they are taking very seriously, there's been a couple of announcements from certain car manufacturers that are planning on using it. So it seems like a very viable technology that at least over the next five, or maybe even 10 years, if it takes a bit longer to come on board, that it could dramatically change things because solid state batteries, at least typically now seem to have about twice the energy density that lithium ion batteries have. And, you know, hopefully, they cost the same amount, maybe they might cost a little more, but it's similar to the wind turbines, you've got the same, you know, physical size, but you can fit twice as much energy in it.

And maybe it's only three quarters of the cost or you know, whatever it might be so you get a price reduction plus other benefits. You know, it just spurs on the industry a whole lot more. Now, there's many other renewable type of technologies out there that aren't, you know, solar or wind or I'm putting batteries in there as well. No, it's not Renewable energy source or anything, but it's very commonly used with them, you know, other things like hydro power, geothermal, biomass, all those sorts of things. Not saying they're a bad industry to get into, or you shouldn't focus on them. If you're in that industry already, obviously, it's already renewable energy source.

So it's not gonna be penalized, like coal or gas or you know, anything like that would be Bob, I would say if you're not in then try and focus mainly on the wind or solar or batteries industries, because they will be the three that will be, you know, the biggest growing over the next sort of 510 15 years. So in the next section, we'll go through our final sort of live example. And in this one, I want to sort of demonstrate how you can use the strategy to not just sort of go into a different position, but actually jump entire careers and go from something where you might be at a desk all day to something completely different. So I'll catch you then and we'll go through that example.