Tom Giles

Yeah, I mean, Caroline, you're absolutely right.

From an energy perspective, you need to take an all of the above approach.

So absolutely, you need solar and storage, but gas is a very important part of the solution as well.

Look at Copia, for example.

We think of data center development as building large campuses.

And a campus is basically like a mini city that has multiple gigawatts of power generation capacity.

This includes gas, solar, as well as storage.

That capacity is connected onto the grid and located right next to that power generation capacity are hyperscale data centers.

that are also connected to the grid.

So I'm not talking about building islands.

I'm talking about building a fully integrated city or a campus, which is a better term for it.

And by doing that, you're making sure that data centers are getting access to power in a more timely manner.

Remember,

Timing is very important here.

And that power is actually cost-effective.

Cost and economics matter a lot here.

But more importantly, it's also more reliable power.

Everyone's talking about 5-9 reliability, which is 99.999%.

In order to do that and build long-lived infrastructure assets, that reliability is just a very important point.

So at Copia, for example, we have a site that we're building in Arizona.