Casey Handmer

They're the thing that turns sunlight into pure electrical energy at 25% efficiency.

Everything else should be like less than that.

If you want to work on that project, come and work with us at Terraform because we're very cost sensitive.

We'll give you an opportunity to show, don't worry.

Constantly.

But in all seriousness, like the central takeaway is that

is that the hyperscalers are not power cost sensitive, they are power availability sensitive.

And for all these things, you just run into this like supply elasticity wall at the sort of rates of increase that we're talking about.

And solar is by far the best option for like,

fire hosing energy at a given problem.

Because it rains down from the sky.

But electricity prices at this point are a reflection of a regulatory irrationality, right?

And it's the same situation in Europe and Australia, for that matter.

Like, your prices will rise until you've had enough.

And you say, no, we demand that you allow us to take advantage of electricity.

power technology that's been invented in the last 50 years.

In terms of things that are causing us to lose to China, tariffs are neither here nor there because as we've discussed, we're not sensitive to cost on power, but the environmental regulations that are actively preventing us from deploying renewable energy in the United States

Like this is the reason Texas is winning.

Texas is out deploying California 10 to 1.

The regulatory environment around solar is just insane.