Tim Stenovec

access to recycled water that's so easy, plus the availability of power.

That's the biggest barrier, as you know.

We've got 1,000 megawatts of new power coming online over the next four years in this exact location.

Yeah, explain where that power is coming from, where it's coming online.

As I mentioned, one of the most read stories on the Bloomberg Terminal today is about data centers that are just sitting there idle because they cannot get capacity actually hooked up to them to energize them.

that's right and sometimes it's better to be what you think good said san jose is a beneficiary of a decision made by kaisa of the independent system operator here in california many years ago before we were talking much about a i they were just looking at general economic growth trends and decided that san jose

had some of the highest growth potential in the entire state and they approved new transmission lines.

There's one line coming up from the south, one from the north, but they both come into San Jose.

Each is a thousand megawatts.

So here's a city that has a million people, 12th largest city in the country, already consumes about 1.1 gigawatts of power.

We have two gigawatts coming online over the next four years.

That means we can triple our energy use in the city of San Jose.

There's no other city in California, maybe the country, that is set up to triple its energy consumption over the next four to five years.

That's a really unique position to be in.

We're just blessed with this infrastructure coming online.

We've, of course, said yes to it, helped facilitate it, been very supportive of it.

But we're really optimistic that this means more jobs, not just data centers, advanced manufacturing, R&D labs.

We're in a really strong position to capture this technological wave that we're in.

The power that will be used by these data centers, the power that's coming online, how is it being generated?

I know you have that one nuclear power plant down south, Diablo Canyon on the Central Coast, and some renewables certainly too, wind and solar.