Daniel Yergin

So again, those supply chains are very important there too.

Yeah, we can see that they've hired people who come out of the energy industry, either from the oil and gas industry or energy.

in electric power industry.

So they're building up the capacity to do that.

And their investments show it.

You mentioned one company, but look at Amazon.

They've invested in X Energy, which is a small modular reactor company.

And I think the idea is that, and I hear from other of these tech companies too, we'll invest in them and help drive down the cost and see them as part of the way of meeting the electricity demand.

I think I know I wrote down, as you said, the themes that you had talked about on nuclear.

I mean, this crisis is a boost to nuclear, but I think AI has been a big boost to nuclear in terms of the sense among tech companies that nuclear has to be part of the picture.

And just this morning, I was talking with the head of one of the largest government funds.

And they're invested, a non-US fund, and they're invested in fusion.

So there's just a different attitude towards nuclear.

And I think the needs of the tech companies is one of the things that's really driven that.

Well, first, we have to note that over 90% of the new electric capacity worldwide that was installed last year was wind and solar.

So it is a growing business.

Secondly, like I've heard of an example of a project in Vietnam that was going to be done with LNG.

They're buying solar panels.

I think that wind and solar gain less about climate now and more about part of diversification, part of energy security.

So I think that dialogue, that has changed maybe.