U.S. natural gas is fastest solution to power AI data centers, says Williams CEO

Company Overview - Williams handles roughly a third of all the natural gas transported in the US and oversees more than 30,000 miles of pipelines [1] - Williams posted better than expected revenue, but Q2 earnings were a miss [1] Deregulation & Infrastructure - Deregulation is expected to benefit Williams and the country [2][3] - Permitting a project can take longer and cost more than buying the steel needed for construction [4] - Lowering costs for consumers and winning the race for infrastructure are huge opportunities for the country [4] Natural Gas & Energy Market - The US has the ability to produce the lowest cost energy on the planet with natural gas being four times cheaper than a barrel of oil on an MMBTU equivalent [6] - Natural gas has been the most powerful decarbonization tool in the US, driving down emissions [6][7] - The US has enough natural gas supply to meet export demand, including a potential $250 billion a year deal with the EU, and domestic needs [5] Data Centers & AI - Natural gas is critical for powering data centers and winning the race for AI [4][5][9][12] - Williams is building a utility scale power generation facility (Project Socrates) to power an artificial intelligence center in under 18 months [8][10][11] - Williams' Project Socrates represents a $1.6 billion investment for behind-the-meter power solutions [8]