Posted this in the chat, but got a lot of interest so sending it out…pretty entertaining CEO
Fermi America is a development-stage energy and infrastructure company aiming to build a gigawatt-scale “private grid” campus combining nuclear, gas, solar, storage and AI data center capacity.
1) Macro frame: market has shifted from rates to electrons
“The entire stock market used to be tied on interest rates… it’s actually tied completely now to electrons. If you think about our largest companies… all those companies are in the business of selling smart electrons and the embedded value… is that they can grow the sale of smart electrons, 35–40–45%… But the grid can only grow… between zero and two, two and a half percent… it’s not an interest rate market anymore, y’all, it’s an electron market.”
“And I’m only smart enough to do dumb electrons of zero to 2% but the problem for our customers and the problem for the market that’s now it’s not an interest rate market anymore, y’all, it’s an electron market. I just really want y’all to stop and realize the last 15 years, y’all were trading based on interest rates. Now you’re trading based on electrons growth and the big grid operators are telling you they’re not letting those companies that have those 30 40, 50% growth CAGR, those aren’t one time CAGR growth rates.”
2) IT spend environment & demand vs. supply
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