Locator: 49404LDC.
This was an incredibly long article. What little I read of it: really, really well done. My hunch: Jim Cramer is spending a lot of time on the article. Will probably ask ChatGPT to summarize it for his notes for tomorrow. Doug Burgum is no doubt sending a copy of this article to every member in US Congress -- they don't have a lot to do while the government is shut down.
Front page story on tomorrow's WSJ, link here. As usual, the comments are most entertaining: one quickly gets the idea who the Luddites are. LOL. Example:
In Texas, our monthly utility bill has hardly moved.
This might get your attention. Spend some time on this graphic. Quick: accessible, dispatchable, plentiful, energy Nebraska, Nevada, Iowa, Illinois, Virginia, New Jersey? LOL.
This should help:
Note California in the graphic above!
California and Texas: the tale of two states. Texas positioned themselves well; California dithered away a legacy.
Front page story on tomorrow's WSJ, link here.
From the linked article:
In West Texas, natural-gas-fired power generation is under construction as part of the $500 billion Stargate project from OpenAI and Oracle. Gas turbines are in use at Colossus 1 and 2, the massive data centers Elon Musk’s xAI is building in Memphis, Tennessee. More than a dozen Equinix data centers across the country are using fuel cells for power.
With the push for AI dominance at warp speed, the “Bring Your Own Power” boom is a quick fix for the gridlock of trying to get on the grid. It’s driving an energy Wild West that is reshaping American power.
Most tech titans would be happy to trade their DIY sourcing for the ability to plug into the electric grid. But supply-chain snarls and permitting challenges are complicating everything, and the U.S. isn’t building transmission infrastructure or power plants fast enough to meet the sudden surge in demand for electricity.
America should be adding about 80 gigawatts of new power generation capacity a year to keep pace with AI as well as cloud computing, crypto, industrial demand and electrification trends, according to consulting and technology firm ICF. It’s currently building less than 65 gigawatts. That gap alone is enough electricity to power two Manhattans during the hottest parts of summer.
Data centers have long taken power for granted, said KR Sridhar, founder and chief executive of Bloom Energy, which provides fuel cells to companies that need on-site power, often in a hurry. “You build the data center. Well, you just plug it in.”
Four of the five Stargate LDCs are sited in natural gas basins (three in the Permian; one in the Utica); the location of the fifth is yet to be announced. North Dakota would be perfect. LOL. Don't laugh too hard -- it's not beyond the pale -- Doug Burgum is from North Dakota.
