Chamath Palihapitiya

The next major thing is when you actually create

$100 or $200 billion tax equity vehicle, and you have them completely subsidized and pay for the electricity costs of homeowners.

How do you do that?

You do that by paying for them to get solar and storage.

Why would they do that?

They would do that for two reasons.

Number one, and the most important, is that it will give them a social license to operate throughout the country.

The second reason is that the president preserved the ability to make those kinds of investments and be tax advantaged for doing it in the one big, beautiful bill.

So if you put these two things together, I think step one is you go into a local area, you tell the local residents, we'll pay for the water.

We'll make sure there's minimal noise and we'll make sure that we take absolutely no discount.

We pay our fair share, even if it means paying more than you do for electricity.

That's step one.

But now I think we need to go in with step two.

Here is a bunch of money that we have allocated to go and fit your house out with solar, with storage, with next generation heat pumps, with a modern set of infrastructure so that you are totally resilient and now you are completely ambivalent

to what the grid has to do in reaction to all the demand that's coming.

Well, Jason, the president's been ahead of the curve on this issue really since the beginning of the administration.

I don't know if you recall, but he said that he was going to make AI companies into the biggest power companies because he understood.

that the data centers that they needed required a lot of power, but they were gonna stand up their own power generation, and they wouldn't just draw off the grid.

And so I think this understanding has always been there.

When I've talked to the hyperscalers, they also tell me that their plan is not to draw from the grid, it's to basically set up their own power generation behind the meter.