As previously communicated, we’re continuing to share select higher-conviction ideas and research from my Cliff Notes Substack with GeoInvesting subscribers, alongside our regular research updates and additional deep-dive work. These pieces are part of our ongoing research process and complement the ideas and coverage we share with our current GeoInvesting subscribers.

The latest piece, “Picks and Shovels #3: Battery Energy Storage Systems and Their Bottlenecks,” takes a closer look at the rapidly expanding BESS market and, more importantly, where the economics and bottlenecks actually sit across the value chain.