00:00So data centers now are consuming around 45 gigawatts of power and you can switch between
00:04capacity and throughput. I'm going to stick with capacity. Okay. So 45 gigawatts of power
00:08and then there's lots and lots of third-party estimates for where they're going to be in 2030
00:13and they center around this you know 90, 95 gigawatts so you need to add 50. For 2035
00:20there's a lot fewer estimates you come around 160. So you look at the supply and these utilities
00:25are tracking all these data centers connecting to the grid because they've got to do a lot of
00:29work spend a lot of money in transmission distribution new substations transformers
00:33it's a lot of work but it boosts their earnings growth so they're happy to talk about this
00:37and so you look at where they're at and where they see things coming and they've got around 140 gigawatts
00:44of near-term supply now kudos to the utilities they break out what's firm committed signed contracted
00:49versus pipeline behind it because there's a lot of double triple quadruple counting so if you're
00:54going to build a data center in the southeast you're going to tell duke you're going to tell
00:57southern you're going to tell dominion you're going to build one so that's the pipeline potential
01:01when you connect a data center to the grid you've got lights you've got cooling those third-party
01:05estimates i gave you are just for raw compute why did you split those out though because i mean all
01:10data centers are going to need to be cooled down right what's the point of splitting it out i'm not
01:15splitting out i'm just adjusting it downward because the third-party estimates are just compute so
01:19you're connecting to the grid you're going to ask the lights the cooling and everything yeah so i want
01:24to go apples to apples versus the third party what i'm trying to say is there is a lot of supply of
01:29data centers coming and it's very unclear if there's going to be demand for this
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