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Saving the Planet with Better AI Data Centers (with Crusoe CEO Chase Lochmiller)
ACQ2 by Acquired
**Unlocking Value in Stranded Renewable Energy Resources. West Texas example. **
Investing in wind farms for power production is challenging due to the inconsistency of wind and the necessity to locate them near consumers. Power transportation over long distances results in significant transmission losses. Storing power presents even greater difficulties. Revenue for wind farm owners comes from selling power and production tax credits, incentivizing the location of wind farms in consistently windy yet depopulated areas like West Texas. However, the production tax credit dynamic leads to operators selling power at a negative price, making it economically unviable and creating significant periods of negative pricing. To solve this, Crusoe partners with renewable energy producers to bring demand in computing and data center infrastructure directly to the sites of stranded, curtailed, or negatively priced power, providing a price floor and eliminating the negative pricing risk while aligning with their mission of using onsite renewable power for their infrastructure.
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