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.”

“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.”

“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…”

“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…”

“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 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.”

“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.”

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

“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.”

“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.”

“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…”

“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.”