Working at the intersection of climate, finance, and markets

Google puts money where it's mouth is: "The deal is the latest in a series of bets Google has made to develop a soup-to-nuts strategy for accessing vast amounts of power. Among its competitors, Google was first to strike deals to develop advanced nuclear and geothermal plants

Per Jefferies:

-Current queue economics are seen as too “cheap” (study fees ~$100k–$300k). The emerging batch framework contemplates much higher collateral (often discussed $20–$50 million per project) to deter speculative megawatts—while acknowledging poorly designed gates can

"Global electricity demand is forecast to increase at a brisk average annual rate of 3.6% over the 2026-2030 forecast period, supported by rising consumption from industry, electric vehicles, air conditioning and data centres. Worldwide electricity demand grew by 3% year-on-year

Looking for folks who work at any of the AI-native Salesforce challengers to learn more about them: Attio, Clarify, http://Day.ai, folk, Sierra, Gong, Clari, Affinity, Intercom, Zendesk, Kustomer, Freshdesk, Creatio, etc.

DM me if you’re at one of these and would be

Per a Politico report, the Trump administration is pushing major tech companies to sign a voluntary compact on data center development. Key terms: developers pay 100% of new generation and transmission costs, commit to holding residential electricity prices harmless, allow load

Remember that 2Y period when every tech investor shared some version of this chart and said 'well saas is supposed to trade at >20x NTM revenue per historical trading data'

good times

Constellation Energy just signed a 760 MW power supply deal with CyrusOne through its Calpine subsidiary. The agreement covers a new data center in Texas adjacent to the 1,095 MW Freestone Energy Center, with Phase 2 adding another 380 MW. Total Calpine-CyrusOne contracted power