Reddy KW

Working for pennies a day

[Reddy KW @Reddy_Kilowatt]

This is such an extremely bad take. I’m not even sure if it’s meant to be a parody or not… you should read into how the provider of that LLM token price index characterizes what that price series shows and doesn’t show. Meta is solidly investment grade. The offering today was from CleanSpark CLSK which is junk rated - to support a Meta data center, the deal was 4x oversubscribed. CRWV priced an upsized $3.7b convert at 2.875% yield … hardly losing access to credit markets

[Reddy KW @Reddy_Kilowatt]

@RichardRusk007 @quakes99 That’s about right. Between 400k-500k per 1 GW annually

[Reddy KW @Reddy_Kilowatt]

@DanielDiMartino I’d buy that sign or sticker

[Reddy KW @Reddy_Kilowatt]

@ShanuMathew93 All good! Had a feeling but the point is the same as they’re likely looking for something closer to GW scale in many places which would be 70-80 GW on the 70-80

[Reddy KW @Reddy_Kilowatt]

@accounting_ds What has to happen on the 28th?

[Emmet Penney @nukebarbarian]

This points to something I've been meaning to write about:

The Contempt of the Necessary.

This happens to all technologies once they become entrenched.

That entrenchment creates a parallax for infrastructure: it is assumed as part of society, while being denigrated as "optional."

This happens because people are generally blind to what makes even their most quotidian activities possible.

Instead, they begin to see only downsides (because the benefits are *assumed* and thus unrecognized).

These downsides, or trade-offs, are then recast as swindles, corruption, or even conditions of unfreedom.

Contempt then festers and people go looking for sweeping changes that then threaten the positive and unseen trade-offs on which society depends.

[Reddy KW @Reddy_Kilowatt]

The article & coverage of this is written in a way that catastrophizes the situation. They target a 20% reserve margin above what they think they need, to avoid risk of a 1 in 10 year reliability event. This auction came in at 15% reserve margin, 6.7 GW is the difference. It doesn’t mean they are short power to meet everyday obligations

[Reddy KW @Reddy_Kilowatt]

@sophannacapital @ShanuMathew93 Came from Thematics group. Michelle Weaver lead author. Note titled “power struggle: AI, data centers & local backlash”

[Reddy KW @Reddy_Kilowatt]

@nanalyzetweets They do have revenue

[Reddy KW @Reddy_Kilowatt]

@da_sails It’s a great step and very logical. I don’t recall them saying 500 MW, did you get that from the webcast or somewhere else?

[Reddy KW @Reddy_Kilowatt]

I think the quoted comment is being taken out of context. Coming from a CERA week panel about interconnection concerns broadly. For CEG/TMI it is very likely a capacity interconnection right delay, relates to ability to guarantee deliverability in peak demand environments and ability to collect capacity revenue, which is ~10% of TMI restart economics which are 5% of total CEG EPS. 0.5% at risk, worse case. They’ll be able to deliver electricity as an energy only resource when it restarts in 2027. This is also the result of a preliminary interconnection study with enough time left to figure out how to align everything. I believe the comment intended to highlight how well planned, transparent projects with brownfield infrastructure have challenges, illustrating the magnitude of challenge for pure greenfield new supply.

[Reddy KW @Reddy_Kilowatt]

@GaryKaltbaum It’s fake but don’t blame you - thought the same until I looked at the source

[Reddy KW @Reddy_Kilowatt]

@Ben_Inskeep How do you know it’s Google?

[Reddy KW @Reddy_Kilowatt]

@EnergyCredit1 @JavierBlas did you make this? it's amazing

[Reddy KW @Reddy_Kilowatt]

@zerohedge If they agree to be curtailable during high stress peak demand, it'll be manageable - involves using onsite diesel/battery storage more often

[Reddy KW @Reddy_Kilowatt]

@JavierBlas Didn't you say something last April along the lines of rare earth magnets supply doesn't matter because they were only used in vacuums?

[Reddy KW @Reddy_Kilowatt]

@RSchottenfeld @stonksurfing What about the USAR deal changes as a result of this?

[Reddy KW @Reddy_Kilowatt]

It is amazing that @ErnestScheyder and/or @JarrettRenshaw of @Reuters continue to update and revise the article, adding and also removing key pieces of context with no clear version history or specifying what was added or removed. Ultimately making the "latest" update of the article almost completely unrecognizable from the way it was first written. Where is the "Department of Commerce said the assertions made are false" line? added/removed somewhere between the 3rd and 6th "update" of the story??

This is an absurd violation of journalistic integrity that needs to be escalated to @ReutersBiz editors and highlighted as an example of how not to be a journalist. Seems like several violations of the "Reuters Trust Principle" https://t.co/r3gvzSEcEB - we should screenshot those for they may too be "updated" later.

I ordered his book over the weekend and will be burning it upon receiving it. Happy to film that

@zerohedge @CommerceGov @ENERGY @WhiteHouse

[Reddy KW @Reddy_Kilowatt]

@joelgombiner @MPMaterials The first version of the article did not contain that first sentence. It was updated later to include it