When the USB is plugged, ESP should be powered from USB. I will use this to program the board only
When the USB is not plugged, the ESP should be powered from the PSU. This is how the board will be used in normal operation
While studying the DevKit schematics (link), I see there is a green box and I am not sure why is that circuit marked:

Looking at the CP2102 datasheet (link), I think it is wiring it like in page 6 and 9:


Thank you!
