Nathan Kroeker: Yeah. Good morning, Vincent. I would say, yes, we’re definitely in a 30-day window. We have been responding to some questions over the last couple of weeks. They’re getting fewer and further in between and easier to answer. So we’ve been working through, which makes me feel like we’re at the very final stages of answering questions. There are multiple approvals that have to occur in this process. And it’s not necessarily clear from the outside looking in exactly what that process is, but we do believe and we’ve been informed we’re in the very final stages of that. So we’re hopeful that by Labor Day, we’ve got some great news to talk about. But like I said, we can’t control the exact timing of it.
Vincent Anderson: Okay. No, that’s helpful, though. And then actually, Nathan, thanks for the deep dive on the pipeline. I was actually hoping we could go back to like a 10,000-foot view of the industry really quick. So as far as your customers go, you have companies like blue-chip utility companies that are going to be self-funding these projects, but you have a very different structure in a lot of the renewables market in terms of both the structure and the financing. So I was hoping maybe you could just kind of talk about how those projects would compare to something like a large-scale utility customer. And then just kind of ancillary to that, you hinted a couple of times that the interconnect, they might not want to call them delays, but they feel like delays to me. Is that having any impact on the pace of leads moving through the pipeline or the funding of those projects?
Joe Mastrangelo: Yeah. So Vincent, I’ll take some of these and Nathan can fill in. So on the last part of the question, look, the news that came out about the new FERC processes is great news for the industry, right? And we’ve got to get projects through the pipeline of projects and projects on to the grid performing. Like, you look at Texas, it looks like in the last week, it’s almost like every other day, they set a record output for their grid. California going into highs, like I said earlier, going into a very hot time period here and straining on their reserve margins. So we need these projects, and we need to move quickly here to make this happen, to make the new energy future a reality, right? And that process of getting through, it slows down the project in the sense of, you’re not breaking ground on the project, you’re not installing assets and you’re not charging and discharging on the grid while you’re waiting for approval.
So we got to find a way to be faster as that. And the we is the entire industry, including policy and government approvals and state approvals that need to happen to get the projects through. On your question like blue-chip customers, we see more and more of those coming in and putting us through our paces and working through the pipeline and being in both, some of the backlog confidential customers that Nathan talked about and also in our LOI pipeline. But on the other part of this market, like — and look, you could spend your time and just look in Google or read any of the trade magazines to see the number of developers out there coming up with storage projects. And the way these projects work are, in general, you’re doing project development, so you’re going out and saying, here’s where I want to do my project.
