Chase Lochmiller

speaker

453 appearances 4 recordings 1 series first heard May 2025 last heard 17 Sep

Chase Lochmiller’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Sep 2026 with 1.

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TBPN · Elon Musk Is Leaving Washington, Meta Partners With Anduril, Kim Jong Un's "Side Launch" Goes Sideways | Peter Rahal, John Andrew Entwistle, Ashlee Vance, Chase Lochmiller, Matan Grinberg, Jonny Dyer, David Hsu, Sushanth Raman, Rob Toews · 29 May 2025 podcast

Um and you know, people are uh you know, oftentimes having to use uh oil, um you know, burn oil to produce power, uh which is like not a good um you know, uh not a good uh uh Yeah.

Yeah,

Abilene is one of the windiest places in the United States.

It's sort of this corridor that just gets a tremendous amount of wind.

And that's why a lot of uh renewable energy developers built there.

Sure.

Uh that you know, I I think it's actually important to understand this production tax credit.

Um, so the way this works is that uh the independent power producers that build these renewable energy uh facilities, um, they get paid a production tax credit.

For producing and selling a kilowatt hour of clean power.

Now they get paid that regardless of who they sell it to and at what price.

And so

That has led to these consequences where, um, you know, you'll often see power prices go negative because their actual realized price is, you know, after you factor in the production tax credit subsidy they're getting is positive.

But it's like kind of they're having to pay someone to take that kilowatt hour and then they go collect that that that subsidy through the production tax credits.

So now the issue becomes those production tax credits only exist for 10 years.

And so at the end of the 10 years, you still have this working wind farm.

And you're like, okay, power prices go negative.

Now I have to curtail and I have to shut off.

Which means I could be producing power, but I'm not because there's literally no marginal demand for the power.

And, you know, I think this is where, you know, having this alignment of, you know, markets where you can produce power in a very cost effective capacity and you can actually build an AI data center there to soak up that energy uh is a very good alignment that, you know, Crusoe's tried to uh facilitate.

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