Electricity

“The average consumer, it's been between one and 1.5% of average personal income over that period and declining a little bit over that period since 2010, ah, so far.”

“And it's now the fastest growing and soon going to be the largest consumer of electricity in the world. And its name is AI.”

“What you get with fiber optics is the ability to move data faster over longer distances with less heat and less power than you get with electricity.”

“But we also knew that no matter how efficient they got, you know, at some level, what we are about is turning Electricity into useful intelligence, and we were going to need more of that. No matter how good we are at that other layer, given this observation ab…”

“Any revolution, and I would call AI. Absolutely a revolution. It's almost a hockey stick on a hockey stick. Clearly, electricity becomes the key factor.”

“It is the primary input to manufacturing intelligence. At the end of the day, when you look at it end to end, it's neither price nor cost, it's value.”

“If you were to sort of extrapolate from the humanoids that are being built today and you were to run one for five or six hours a day doing various types of tasks around your home and your garden, sort of, you know, the theoretical robo-butler, that would consu…”

“Having a sense on ROI on tokens is important, but I think it misses the point that you're standing in the timeline of history, and it's six months after electricity was invented.”

“I'm not sure the market is actually bullish enough about electricity as a cornerstone of economic growth in the coming years, not to mention energy growth globally over the coming years.”

“As a reminder, electricity is only 20% of final energy demand as it stands today.”

“We're pretty much out of electricity now in the United States, like, not, not 12 months from now, like, right now.”

“Quantum computing is energy efficient computing for solving very hard computational problems. And I say energy efficient computing because quantum computers consume very little electricity, and yet they are very powerful.”

“So I think that AI is much bigger than electricity, potentially bigger than fire. And we haven't even understood it yet.”

“Electricity, meanwhile, is essentially completely range-bound. The highest it's ever gotten is, like, close to four percent, and the lowest it's ever gotten is three percent.”

“We've never spent more of GDP on electricity than oil historically.”

“I find that many companies have, really have excess demand, which is a very rare problem to have, but so many people want more OM inference, want more tokens generated, and we just don't have the semiconductors and data centers and electricity to meet the dema…”

“If you look at trucking, or airlines, or telecom, you know, all of these industries deregulated over the last 50 years except electricity.”

“Electricity delivers 20% of global energy. Wrap the panel in a, wrap the whole planet in a solar panel, you got 20% of energy delivered.”

“And so, I do think that compute is gonna just, I think we actually probably are underestimating the amount of compute that we're gonna soak up over the, with electricity over the next, you know, 10, 2030, 4050 years.”

“We could have as many as eight hundred million people on the planet you know, shy of a billion that don't have access to electricity”

“In the history of humanity, we've only had maybe 20 or 22 or so general purpose technologies, like electricity, the printing press, that have very broad based Applications in society.”

“And this is the really important thing about AI models and how they're different from infrastructure like electricity, is there's a fundamental encoding of human values in AI models, because They're trained on data. And the data has these local norms and cultu…”

“It's a much smaller market than any of the others I just mentioned, I should note, but the demand growth trajectory is also steeper, and it's got all the makings of a super volatile commodity landscape.”

“AI very soon is going to stop being a feature. The same way electricity is not a feature. That lots and lots of things run on electricity, but they're not electricity companies. They just happen to use electricity.”

“If you were to fully electrify this process, that might be something like four gigawatts of electricity. Average load. Not peak load. Average load. So we're talking about, like, four nuclear power stations to run one normie steel mill.”

“If we can save the, like, 25 or 30% of the electricity that we would lose converting to hydrogen in the middle, that would be very valuable.”

“Hopefully something dramatic that can happen, happen in nuclear fusion. In the long run, that may be the cheapest source of electricity.”

“We learned that you can move electricity a thousand miles, you can move steam a thousand meters.”

“The EIA's Winter Fuels Outlook... Showing that because of the decline in gas prices, homeowners who heat with fossil gas will on average see 40% lower bills than those that heat with electricity”

“Electricity in the U.S. Today is somewhere around 20% of final energy consumption which means there's an 80% of the prize, even assuming no growth in overall energy consumption, 80% of the prize is open to electricity.”

“If it's true, it could be on the order of the transistor, you know the discovery of electricity, like these kinds of things, like it's up there in terms of the impact that it could have.”

“One of the main limiters for the growth of the AI industry today is electricity. They just can't get enough.”

“When we look at smartphones, interestingly enough, it's the most widely deployed technology ever, even more so than clean water and electricity before it.”

“You know, I've always thought of AI as the most profound technology humanity is working on. More profound than fire or electricity or anything that we have done in the past.”

“And as it ripples through the economy, every industry is going to be transformed. And just as with electricity, some of the great titans went out of business and new companies arose, the same thing is happening today where some of the big successful companies …”

“Electricity is the, it's the most efficient form of energy. It's three to five times more efficient than other sources,”

“We still lose something like 40, 50% of the electricity that we generate from the point it's generated to the point of consumption.”

“If you look at India, they're going to have five times as much electricity in 20 50 as they have now.”

“Making it from clean electricity. It's about two units of electricity for one unit of heat. The production equipment, the electrolyzers are expensive today, and they're coming down in cost. That two to one ratio, though, is not something that's going to change…”

“It's not inherently true that it's going to deliver the cheapest electricity. That is available on the market, even if it is fusion. It, that doesn't mean that it's cheap because you still have, you could have very expensive capital costs to build a fusion pla…”

“Electricity is about to be digitized. That is what this whole revolution is about. The whole ESG revolution is going from using these physical fossil fuels to using atoms or energy that exists and basically digitizing it. So once you do that, the cost of anyth…”

“Nuclear systems fundamentally produce heat that we then do things with. And so they actually produce heat much more cheaply than they even produce electricity.”

“40% of the total inputs are being used for energy, so 10% of the total inputs, so a quarter of the energy, is, today it's electricity.”

“The Hawaiian Islands collectively get 60% of electricity from burning imported oil or diesel.”

“Wind and solar are the cheapest resource for electricity nearly everywhere around the world.”

“Mining farms where they're actually consuming as much electricity as some small nation states.”

“Electricity is only 17 or 18% of all global energy consumption.”

“I think electricity is maybe 10 or 15% of overall energy consumption by industry.”