-: So, Avik, you're well versed
in the unprecedented pace and scale of change
in the power markets.
Intermittent renewables will triple
to 40% of generation by 2045.
Demand for firm power, as you know,
is growing at rapid rates.
I've heard you talk about this many times.
EV penetration will hit 20% of the fleet by 2034.
It's 2% today, so that's a 10x growth.
And then layer on top of that,
aging infrastructure for transmission.
In the midst of all this, Avik,
I've really enjoyed listening to you speak
about the importance of getting closer to the customer,
that being the biggest opportunity.
-: So today where we are is we're looking at everything
through the lens of delivering reliable,
affordable, and clean electricity.
And historically,
you would've had to pick two of the three,
where clean and affordable
was solar and wind,
affordable and reliable was natural gas and coal,
and reliable and clean was hydro and nuclear.
Now we've gotta combine technologies
and figure out solutions
that can deliver all three.
And why it is so critical now is there's two sides
to addressing energy transition.
It's A, changing the supply stack,
so migrating from greenhouse-gas-intensive sources
to clean sources.
But there's another element to decarbonization,
which is addressing electricity demand,
which means,
how do you shift the demand curve for customers?
The more I can get closer to the customer,
the more I can address both sides of that curve.
-: As we think about that trifecta of clean, reliable,
and affordable energy,
what positions you well
to go after that opportunity set?
-: It means we've been the ones
delivering dispatchable generation
through natural gas.
We're calling that now FlexGen,
which is the combination of natural gas plus storage.
But what we've been doing over the past 15 years
is we've been buying these assets,
we've been expanding them,
we've been making them more efficient,
we've been reducing greenhouse gas emissions
from those assets.
No other public company has been doing that
while also developing renewables,
while also looking at decarbonization technologies.
So, as the market now is shifting to a energy expansion mode
with growing demand,
the need for our services is greater than it's ever been,
because we can actually go acquire
and expand flexible generation
that meets that grid reliability,
and we can customize balanced energy solutions
for large customers requiring physical electricity,
and that's where we come in as a solution provider.