Akshat Kasliwal

Energy/Power Buff; @UMich Wolverine | Views my own; RTs/Likes ≠ Endorsements

[Akshat Kasliwal @Kasliwal_A]

Elated to share my research on the Role of Flying Cars in Sustainable Mobility, published as a 'highlight study' by @NatureComms! Couldn't have asked for a better project to lead; thanks @Ford @UMSEAS
#FlyingCars #Sustainability #Mobility #VTOL

[University of Michigan @UMich]

Flying cars may soon become a reality—and although they might not be environmentally friendly for short commutes, experts from @UMSEAS and @Ford found that they show promise for sustainable travel during longer trips. https://t.co/syqSu7TlsM

[Jeremiah Johnson 🌐 @JeremiahDJohns]

People are about twice as likely to approve of **coal plants** being built nearby as opposed to data centers.

Coal plants use more water and pollute more. They create comparable noise pollution. There's no way this makes sense outside a media panic.

[Akshat Kasliwal @Kasliwal_A]

@neelsomani Thanks for this. How do you square building in rural / remote areas with low-latency inference needing to be closer to end-use?

[Akshat Kasliwal @Kasliwal_A]

@shaylekann @joshdr83 Getting gas to the site (see Project Jupiter) and in the Permian gathering/processing wet gas, stringent availability covenants/SLAs for outages, financing around project-on-project considerations, working around regional non-attainment considerations, karst/fire-codes for BESS

[Akshat Kasliwal @Kasliwal_A]

@JigarShahDC @SemiAnalysis_ Lol also that market design <> "modeling mistake". It worked for ratepayers when load was anemic and reserve margins were healthy (didn't see much gratitude from the punters when prices were ~$28). However, the contours of the market since changed, so the design has to, as well.

[Akshat Kasliwal @Kasliwal_A]

@anissagardizy8 You're on 🔥

[Akshat Kasliwal @Kasliwal_A]

@JaneAFlegal Generally in agreement. Using the current grid more effectively is helpful, but only marginal, as it relates to accommodating new load. They're called capacity expansion plans for a reason, and not because system planners weren't thinking creatively. It's a silly debate IMO.

[Akshat Kasliwal @Kasliwal_A]

@CaieKelley @AnjneyMidha Yep I'm pretty sure you do -- it's having a utility ESA / tenant SLA in place. That (alongside being creditworthy ofc) gets you ~SOFR + 225 of bank debt on an FTM deal.

[Barb McQuade @BarbMcQuade]

.@Tigers appear to be giving up with 1/3 of the season to go. Here’s an idea for owner Chris Ilitch. Keep Mize and Skubal and pay them or sell the team. Detroit fans deserve better.

[Akshat Kasliwal @Kasliwal_A]

PJM 28/29 capacity auction results once again, unsurprisingly, clear at the price cap. More interesting is coal retirements despite prices being $325/MWD. Wonder if those will be forced into 202(c) or repurposed into powered land.

[Akshat Kasliwal @Kasliwal_A]

@JaneAFlegal Do you have a sense of the relative weighting of each of those? I.e., are they pretty even, or is one an outsized contributor to overall outcomes?

[Akshat Kasliwal @Kasliwal_A]

@anissagardizy8 Congrats! This is awesome. Such a great move for ya (and the Journal).

[Akshat Kasliwal @Kasliwal_A]

@JigarShahDC There's a marketing issue in talking about amortizing fixed costs over more MWh via an esoteric large load tariff, and having an expert report in an online docket that somehow bears it out. What DCs need is an explicit line on customer bills noting the $ savings they enabled.

[Akshat Kasliwal @Kasliwal_A]

@JaneAFlegal Alberta has a flavor of this -

2% levy on grid-dependent data centers (based on investments in computer hardware and designed to be creditable against provincial corp income taxes)

1% on grid-connected projects that bring additional gen

0% on self-supplied (off-grid) DCs

[Akshat Kasliwal @Kasliwal_A]

@PaulSegal12 To add some more color to this, Joe Dominguez clarified that they do still expect TMI to COD in 2027. CEG applied to FERC for a CIR transfer from Eddystone, which ought to have been gone long anyway, but has been forced to stick around under a 202(c).

[Akshat Kasliwal @Kasliwal_A]

@PaulSegal12 Good thoughts, Paul, although there's no way that IX will be the long pole in the tent for TMI's restart. The RRI was quite accommodating around TMI's requested ISD of 2027. Defeats the stated purpose (and begets more political hell unto PJM) if it can't restart until 2031!

[Akshat Kasliwal @Kasliwal_A]

Shared my 2 cents (nominal$) for this story:
"...if you're developing data centers, there is going to be even more scrutiny on that affordability aspect, regardless of the fact that a lot of the bill increases were not driven by historical data center activity.”

[E&E News @EENewsUpdates]

Electricity prices outpace inflation as data centers proliferate https://t.co/UO7yGv4F35

[Akshat Kasliwal @Kasliwal_A]

@TheStalwart On energy, a couple things from our friend Mike Cembalest at JPM:
1) Historically, when oil prices rise > 100%, the S&P 500 index typically suffers substantial corrections. WTI isn't there quite yet.
2) Economies are more energy efficient, and less fossil dependent. Data below.

[Akshat Kasliwal @Kasliwal_A]

Said further differently, what makes news is typically on the margin, and not fully representative! The $80/MWh PJM solar and wind PPAs are for a few hundred MWs deliverable ~today~. Not a very deep market for monetizing these scarcity premiums.

[Akshat Kasliwal @Kasliwal_A]

Lot of talk about developers/IPPs signing astronomically-priced offtake agreements. However, as I discussed with Infrastructure Investor, while the median PPA price has increased, for renewables, the value accretion has been limited.

[Akshat Kasliwal @Kasliwal_A]

Said differently, renewables developers would rather have visibility into offtake for multiple decently-priced projects than make out like bandits on one project and risk eroding trust.