Securing 12 megawatts inside a regulated district heating plant

you know, from we've got everybody, we've got energy infrastructure people, we've got data center infrastructure people, data center design people, we've got all sorts of engineers, we've got software people, we've got inference people, we've got chips people. And the reason we've been able to do that is because we've presented something that's extremely compelling that has no, you know, challenges around access to capital that can like go and run and build this thing that's going to change the world.

But it's at the same time a rare field in a way. If you're too generalist, then you lose the edge. But if you are too specialist in what you're building in data centers and then the way that you structure it, and then you are then not able to really scale it in a way that is gonna go beyond what you even think about it. In your situation, think you guys strike a balance between those highly capable specialist folks who knows what they are doing. And it's not the first time they ever tackled this, but at the same time, there's this freshness of also generally spent folks in the teams. This is what I'm understanding, correct me if I'm wrong.

Yeah, you're right. You're exactly correct.

So that's why then you try to strike a balance to make a difference What is, what is one thing that now makes you super, on your toes? Like you're like, if you get through this, that will be fine. I'm ready for the next level.

Excellent. Yeah, this is like the biggest question right now. It's about I'll go back to something I was talking about and how it relates to the people ⁓ and like the kinds of teams you need to build to win in this space and like why it's freaky right now. The site acquisition. So our site here in Calgary is a district heating plant in downtown Calgary. It's got 12 megawatts of unused electrical capacity because of a project that it was going to do that it didn't do.

Mm.

Um, it's a utility, it's regulated utility. Um, making a deal with those guys. they're owned by a fund out of New York called the ECP private equity fund, you know, big traditional power infrastructure, owning private equity fund, making a deal with these guys from both commercial and regulatory lens. You know, if, if I was just some guy from Silicon Valley who showed up and I was like, Hey, I've got my bag of money. Can I lease your. your plan to build a data center inside, wouldn't matter how big my bag of money was. answer would have been no. They would have just said, no, absolutely not. You don't understand our world. You don't understand regulated utilities. You don't understand, if we make a deal with you, are we going to get shut down? Am I going to get, you know, are people going to come after me? Is utilities commission going to come after me? There's a cross-cultural aspect and that's this balance you were talking about where inference people and computers people on the one hand,

Boom.