$GEV

More Energy, More Problems Leopold highlights the need for energy to power datacenters. Jensen makes the same point… the true unit of account is ‘tokens per watt’ But, where will the energy come from? SMRs are still too far off. Nuclear plants are local and no new builds coming on fast enough. Utilities are facing pressure from constituents already facing high bills. The answer: on-prem natural gas. There are ways to do this in public markets that have already run up in industrials and are over-priced now ($CAT $GEV etc) The best way I see is via upstream and on-site energy security Own the land, own the energy, produce on-site. No need for midstream egress. No need for transmission lines. The on-site natural gas approach is exactly what @elonmusk applied to power his