We’ve used the time here in the last three months to prepare ourselves to grow the company, and it’s paying dividends here in the start-up. So it is totally different than what we had on Gen 2.3. Now what I would say is, we learned a lot on Gen 2.3. I think the biggest thing that we all need to remember on Gen 2.3, from a manufacturing standpoint and a product design standpoint, we learned a lot about sealing technology of sealing the battery and having a good cell-to-cell — not having cell-to-cell leakage of electrolytes going from one cell to the other. So what we learned on that sealing allowed us to come up with the mechanical design on Z3. At the same time, getting Gen 2.3 containers out in the field and operating, we learned a tremendous amount around software, controls and managing and optimizing performance.
And that’s very important. Like, we spend a lot of time talking about the battery. But what we really provide to the field, as I said, is a system, and that system with the Z3 is much more efficient. Our software and technology leader, [Pranesh Rao] (ph) what he and his team have done on the battery management system and how we’ve been able to introduce this and have it work, coming off of out of prototype development is nothing short of amazing. So we have a lot of work to do. You don’t know — we still — there’s still unknowns around it. We’re going to be challenged with as we move forward, but it’s very exciting for us to think about where we started and how we did the development of this product and how it’s really going. And when you think about it, Chris, like we had our first production prototype battery, if you will, it was less than 12 months ago.
And to be in production 12 months later with the way we’re doing this, with 300 people, that’s why I say the team amazes me, and that’s why I also say I’m proud to work for this company.
Christopher Souther: Got it. And just on the BOM cost, [indiscernible] maybe versus more meaningful today versus kind of that post the three cost initiatives you called out for this year, like, what is the reduction you think you can get? And where does it stand today?
Nathan Kroeker: Really, I think the picture hasn’t changed from what we’ve said historically, which is this battery — or actually this entire system on a kilowatt hour basis was designed at half the cost of where we started with Gen 2.3. And then we’ve got seven cost-out initiatives that we’re focused on for this year, two of which are completed. And when we say completed like in the case of the containers, I mean, we’ve negotiated the contract [Technical Difficulty] don’t fully realize the savings coming through our P&L until [Technical Difficulty]. So there’s those types of things that are going to roll in over time. And then as Joe mentioned, I mean, this is a continuous improvement process. We’ll have significant efficiencies when we get to full automation. But even after that, we continue improvements, either supply chain design improvements, et cetera, going forward. But specifics on the BOM, I mean, that’s as much granularity as we can get into at this point.
Joe Mastrangelo: Yeah. I mean, I think it’s fair to say that your starting point of the launch is significantly lower than where we were at Gen 2.3, just on the form factor of the battery and the fact that we have no titanium. The seven projects that Nathan is talking about, they get at the core of what we do to build the battery. So like, Chris, with — as you look at these seven, right, this is something else. Like, so a 300-person company going out, building a pipeline of opportunities, building this battery, bringing a factory online, the third piece of this is building an American supply chain. So there’s a tremendous cost-out opportunity here with us, working with companies like TETRA on electrolyte and coming up with ways to optimize — the formula to optimize the mixing and delivering of that, to then look at what are we doing from the manufacturing of other components to really reduce the total supply chain cost, both material cost, logistics cost.
