Dan Caplinger

Yes, I mean, there is definitely that side to it.

But like you said, it's a multi-layered story.

The big story here isn't just that there is a big demand for more energy.

It's also that the imbalance between supply and demand means that prices are rising and it's hard to keep up with the build-outs as fast as you need to.

So what a lot of hyperscalers are doing is they're taking control of their own destiny and building their own energy sources.

building or buying i should say for example recently microsoft has restarted or signed a deal to restart three mile island with the the kind of traditional reactors that are already there but they're gonna get replaced over time with the smaller modular reactors

So nuclear power in Microsoft's hands, but they're not the only ones.

Amazon is doing the same thing.

They recently bought a nuclear powered campus with plans to install modular mini reactors.

And Google isn't exactly doing that.

Instead, they're signing deals with independent companies like NextEra Energy.

which is another supplier of modular nuclear reactors.

Nuclear is making a comeback a decade or so after Fukushima, but in a different form.

And maybe this will go over okay with the people and regulators.

I don't know.

But it's one way to get your hands on cheaper energy in the long run.

It's still not cheap to build, but it will get affordable to run.

So that's one way to get the power you need for your data centers.

Right.

And it's not exactly new.