Asked for a hot take at the end of an AMA episode, Kann pushes against the now-standard story that the grid cannot keep up, so everything gets built behind the meter. He grants that a lot of behind-the-meter capacity is coming. His argument is about timing: utility planning runs on multi-year regulatory cycles that have only recently spun up, and the market is not pricing in what happens once they do.
…can be driven down to virtually nothing. And then the fact that you're in that nether region may not hurt quite as much. So I think the bet you'd have to make for CNI solar to really take off is like economics look great, plus you can radically reduce the cost stack via AI and derivative stuff.
And the last question for you, we're going to do a catalyst version of Subway Takes. What is your hot take on energy right now?
I think people are undercounting the grid and utilities, particularly in AI world. Like there's this narrative that has arisen that, you know, the grid can't keep up and it's slow. And so everybody's going to build everything behind the meter. And to be clear, like, I think we're going to see a ton of behind the meter capacity get built.
Yeah.
But I also think that I think it's worth appreciating the decision cycles that occur in electricity and how, you know, it is not the fastest reacting sector because there is this whole process utilities go through with their regulators and they submit integrated resource plans and so on. And that…
Nice. Well, those are all the questions we have for you today. This was fun. Thanks very much.