Sacks says hyperscalers pledged not to raise residential electricity prices in exchange for easier permitting to build own power generation.
“But in exchange for that, the quid pro quo is we'd make it easier to do permitting and make it easier for them to basically stand up their own power generation.”
Sacks says Trump proposed letting AI companies build their own power generation behind the meter over a year ago.
“And I think a really good example of that was his idea around data centers where he said over a year ago, before data centers even became a hot political topic, that we should let our AI companies stand up their own power generation behind the meter.”
Sacks states US will face energy deficit equivalent to 2.5 Californias by 2050.
“By 2050, The United States Of America will be two and a half California's worth of energy in deficit. 2.5 California's, the fourth largest economy in the world.”