_NEXT WEEK_ — Data Centers & AI_ Powering the Future Series #7

Summary of Key Points from the Conference Call Industry Overview - The conference call is part of the "Data Centers & AI: Powering the Future Series 7" focusing on the utilities and clean energy sector, particularly the evolving power demand for AI and data centers [1][3]. Core Insights and Arguments - Power Demand Evolution: Discussion on how AI and data centers' power demand has evolved in 2024 and expectations for 2025/26 [9]. - Nuclear Power Viability: Examination of the role of nuclear power in supporting AI and data centers, including potential risks for big tech companies in expanding nuclear capacity [9]. - Gas Power Purchase Agreements (PPAs): Consideration of behind-the-meter or virtual PPA deals for gas power plants with data centers, including who would bear commodity risks [9]. - Net Zero Targets: Analysis of how rising power consumption and emissions could impact big tech's net zero targets [9]. - Renewable Energy Contribution: Exploration of the potential for wind and solar energy to play a significant role in powering AI [9]. - Emerging Power Solutions: Discussion on other emerging powering and energy efficiency solutions for AI and data centers [9]. - Political Debate: Overview of the political debate in the US regarding the impact of AI and data center demand on grids and electricity bills [9]. Additional Important Content - Speaker Background: Brian Janous, Chief Strategy Officer and Co-Founder of Cloverleaf Infrastructure, has extensive experience in energy and decarbonization, previously serving as VP of Energy at Microsoft [5][10]. - Consultancy Role: Cloverleaf Infrastructure focuses on grid expansion to support large electric customer loads, which is critical for economic growth and investment [5]. - Call Registration: The call is hosted by a team of equity analysts specializing in utilities and clean energy, indicating a collaborative approach to research and analysis [2]. This summary encapsulates the key points discussed in the conference call, highlighting the critical issues facing the utilities and clean energy sector in relation to AI and data centers.