.@heronpower CEO Drew Baglino on the 40-year streak that kept US electricity flat while the economy grew, and why it just ended:

"We benefited from energy efficiency from the '70s... until like the 2010s. You saw efficiency everywhere... And all of that energy efficiency more or less negated the growth in energy services."

"The energy services were growing over time in the United States, but the net electricity delivered to accomplish those energy services stayed basically flat. And the same thing even happened in data centers."

"If you look at the efficiency of compute, even with all the AI things that are going on, in terms of flops per watt, it's really gone up an immense amount from the first data centers to today."

"And that has allowed more and more compute capability for the same percentage of GDP electricity production."

"Now it's changing... We are seeing electricity growth higher than it's ever been before. And that's not just because the benefits of energy efficiency are tailing off, it's because we are seeing broad based demand for more electricity: compute, transportation, industrial electrification."

"Electricity as a carrier is incredibly flexible... whether it's for intelligence or for heating, I see it as a great thing and wanna accelerate it."

@baglino @heronpower