Katie Greifeld

Yeah, it's hard to say.

This is a first step.

It's not been a core part of our strategy historically.

And we have great respect for people that generate power, that serve utilities and customers today.

That's not the market that we're going into.

We're really talking about something that we do to support our own business.

We have five gigawatts of power generation.

We run 24 hours a day, 365 days a year to support facilities in remote locations that don't have it.

access to the grid this is a very similar concept where we will set up a facility that will have natural gas supply for the turbines and data center customers clustered around it that it can serve at a high degree of reliability just as we do for our operations around the world and so if it works for us we would like to extend that and see if it can become a larger part of our business uh this first step i think is one that we'll learn a lot from

This is in West Texas, the heart of the Permian Basin, where not only is there a lot of oil production, there's a lot of gas that comes with that.

Often this gas can be discounted because it's far away from the market center.

We need to get it into pipelines and move it.

So to create a demand hub close to where all this gas is and will be for many decades is a way to use that and not need access to all that transportation.

Well, one of the interesting things is it's actually easier to build fiber networks than it is pipelines.

And so you can locate the data centers close to the gas and the power.

You can connect into the fiber infrastructure.

And moving electrons is easier than moving molecules.

If you say so, yeah.

And so that is kind of at the heart of this location and the reason we're looking at West Texas.

Well we've acquired a lot of new acreage around the world in South America where there's been a lot of success in Guyana in Brazil.