Zach Dell

And those prices have been going up really rapidly, particularly over the last two decades, which is quite concerning.

If you look to China, I think we all understand the dynamic there with regards to the race towards AGI or ASI or however you want to define it.

They're building on incredible amounts of electricity infrastructure to drive the cost of power down.

And that, of course, drives their cost of compute down.

So if we don't

work maniacally to build out the infrastructure in this country to drive the cost of electricity down, we're going to lose the race in AI, but we're going to lose the race in quantum and in biology and the next couple areas of innovation that are inevitably energy consumptive.

We can talk about sources and uses.

For a long time, coal, steam, natural gas were the sources of power in the US.

That has shifted in the last couple of decades, first with wind, mostly subsidy-driven, then solar, at first subsidy-driven.

Now, net of subsidies, solar is the lowest cost marginal source of power.

Now, that's geographically defined, to be clear.

And I think this is a very important point to make, which is that energy is a geographically defined problem.

There are certain parts of the country where wind and solar make a ton of sense.

It's very windy.

It's very sunny.

There are other parts of the country where they don't make any sense at all.

There are also parts of the country where things like geothermal and hydroelectric make a lot of sense.

Other parts of the country where they don't.

It's more nuanced than solar is the cheapest option.

form of power on the planet.