Mike Shepard

If you want to grab a gas turbine, you can't find anything in the market today.

Everything is backlogged.

So a lot of people are reverting to on-site power generation, whether it's gas, solar, other means, hydro, and including SMRs.

This report totally dismisses the fact that a lot of data center industries rely on on-site power generation and not on the grid.

And that's why you really can't depend on the report.

Yeah, I mean, the maturity process, governance, everything.

Outside of the country, nuclear is becoming very popular.

United Arab Emirates, for example, is a nuclear country.

They're building data centers at gigawatt capacities.

So when you look at the world map,

Nuclear in general is becoming the solution to go to for data centers and SMRs for outside power generation are the way to go.

But in the meantime, there's a transitional fuel, which is natural gas, which everybody's relying on.

And that is totally being dismissed in most findings and most reports.

So the projections of power companies trying to provide electricity on the grid doesn't really reflect the reality of the data center industry growth.

We're going from 60 gigawatt to 300 gigawatt capacity in just five years.

And that's not even a very...

it's a very conservative projection because looking at the company like Nvidia where chips and the development of AI is totally blocked and bottlenecked by the development and speed of growth of data centers.

You will see that there is no other option where companies like Nvidia are hunting for data center power so that they can sell more chips.

It's totally underestimated, definitely.

It's totally underestimated.