If “Renewable Computing” Works At Scale, There Might Not Need To Be A Data Center In Your Backyard

so, so what is Saluna?

Saluna

is a digital

infrastructure company.

This is one of the most exciting companies I've built to date.

We develop and operate data centers that are built directly at the source of power.

So we co-locate them behind the meter with renewable energy power plants.

And one interesting thing is that those power plants... need us to connect there because they have lots of unused power, power that they can't monetize.

So what that means practically is instead of connecting to the grid to build data centers and waiting on a really long interconnection queue, especially these days with AI, We actually plugged directly into the generation resource, and that generation resource is far away from population centers and doesn't have a way to get all of its energy to those places.

And actually, even if it did, chances are there's just not enough consumption there to do that, and there certainly isn't enough consumption at the local place to do that.

But this approach creates a unique opportunity because we give our customers much faster time to power because we're bypassing these queues, right? We go directly to that power plant.

We have lower costs of energy as a result.

And some people say, well, most of the costs in these AI data centers is not energy, so that's not really helping.

but what people forget and as I'm sure we'll talk about is sort of how technology waves happen and how they mature.

Eventually the cost of this compute will drop to the cost of power.

And it's not true that they don't care how much the power costs.

They actually do care a lot, you know, our customers.

And so having access to that low cost is really, really helpful to them.

And it gives us, you know, more operational control, you know, Things that basically other ways to connect to the grid to build data centers can't really match.

So we've got something fairly unique here and we call it renewable computing.

You know, the power model basically is the product.

And whether the workload is Bitcoin, where we started, or AI training, where we're going now, and high-performance computing, the underlying infrastructure advantage really stays the same.

We have this large power corpus, almost 4.3 gigawatts now in size.

It boggles my mind that, you know, we started 300 megawatts or something like that, and now we're four times a gigawatt.

we've got contracted capacity for that pipeline.