Jon Parrella

So it's an interesting question, and I'll answer it a number of different ways.

One, I think if you look at the economy right now, data centers are absolutely starting to prop up the economy.

If you look at the amount of jobs that they're creating, if you look at the amount of factories and Made in America, I mean, my entire company right now is here and the jobs that I'm creating because of this data center boom that's going on.

Look, the cost of power is all about supply and demand.

It's a real-time commodity.

It's a real-time supply and demand.

So there's no question that supply and demand and data centers, when they first started, they were all about, I want grid power because it's very stable power.

Right now, most of the data centers that we're involved in, and we're working on over 100 gigawatts of projects across the United States and now going international,

Right now, I would say probably 80 percent of them are planning to go behind the meter generation.

Could you explain what that means for our audience?

So behind the meter generation means that instead of grid connecting, at least for phase one, they're going to bring in natural gas and put up generators or turbines on their campus and they're going to generate their own power.

Yeah.

And that was part of like that Trump pledge that he was really pushing is that you're going to build more generation.

Now, think about this challenge for a second.

All of the generation assets are generated.

spoken for, for the foreseeable future.

You have companies like Microsoft and these big meta buying nukes right now so that they can power their data centers, which is the cheapest power out there, right?

Coal, nuke, your baseload powers.

And so they're co-locating their data centers with generation assets so that in some situations there's grid constraint because the lines aren't big enough to carry it.

But