Josh Payne

Yeah, sure.

So broadly, the company thesis is to take sustainable energy and convert it into intelligence.

So we first do this in the north of Norway.

So we operate in the north of Norway using only hydropower.

The north of Norway has such a large oversupply of energy due to basically the seasons.

Effectively, during the winter, all of the glaciers melt over.

And then in the summer, they all melt and create enormous waterfalls.

And the Norwegian government has built large hydropower dams to capture that energy.

But the challenge is it can't be exported.

And so it's got to be consumed in region.

So Emscale is building some of the largest AI infrastructure projects on the European continent in the north of Norway, taking otherwise stranded energy and converting it to intelligence.

The same goes for our projects in Texas, as an example.

In Texas, you've got a similar oversupply of renewables and other energy, but it's in remote location.

So we're building some of the largest infrastructure projects in North America in this location in order to convert that to intelligence.

Now, in West Virginia, we're doing the same thing, but slightly different.

In West Virginia, we're producing our own energy.

One of the challenges with the North American grid is constraint.

And so we felt that producing our own energy with natural gas generators, i.e.

behind the meter, was the best way to scale sustainably, but also not impact local prices and the grid.

Yeah, so today we're operating in five countries.