Megan McCarty Carino

Data centers, this is from Pew Research, used 4% of all the power used in this economy in 2024.

Best guess is, that's going to increase by 133% by 2030.

I will do the math for you.

That would mean data centers would be using just shy of 10% of all the power this country consumes inside the next five years.

And as you probably heard, in some parts of the country, wholesale electricity prices have more than doubled because of that increasing demand.

This is going to sound flip and I don't mean it to.

But when people look at data centers writ large, whether it's the hyperscalers or you guys, and they say they're just using up all this electricity, they're using up all this water, they're destroying the planet.

Yeah.

and i'm gonna paraphrase that's the cost of what we want in the internet today

Well, so let's say it this way.

Companies have been building data centers for years and years and years.

There's an evolution of the data center because of the fact that AI is now requiring more power.

However, the most efficient place is a co-location facility like this.

It's not good for every single enterprise anymore to build their own data center.

They're not getting the same energy efficiency metrics that we can get by building at scale.

The problem we have right now with power is there's not enough on the grid.

Right.

So the Department of Energy is working on building out more power.

Once we have more supply, cost goes down.

That's good for everybody.