Data centers require electricity.
And as we have talked about before, total electricity consumption by US data centers is forecasted to reach somewhere between 6.7 - 12% of total consumption by 2028 (figure from the US Department of Energy). Last year, Goldman Sachs also estimated that data center power demand would grow 160% by 2030.
I kind of wonder if these numbers might be understated — given our current AI bubble — but whatever the case may be, we're going to need a lot more electricity going forward. There's no such thing as a wealthy, low-energy nation.
Given all of this, I'm struggling to understand why the US would move to cancel what would have been the largest solar project in North America. Esmeralda 7, which was to be located on 62,300 acres of federal land to the north-west of Las Vegas, was expected to be a 6.2 gigawatt project — enough to power nearly 2 million homes.
Instead, the Department of the Interior seems to be determined to accelerate fossil fuel projects, and help China maintain its clear dominance in renewables. I guess that makes sense in some world if you think renewal energy projects are a "scam."
Cover photo by American Public Power Association on Unsplash
I was both surprised and saddened to learn about the death of Tony Hsieh this weekend. Forty-six years old is far too young.
Though best known as a pioneer of e-commerce (he was previously CEO of Zappos) and for his brilliant/wacky management ideas, Tony was also a city builder, particularly in Las Vegas.
Here's an excerpt from a recent WSJ article:
In Las Vegas, Mr. Hsieh became beloved locally for investing $350 million into revitalizing part of the city’s downtown including real estate, restaurants, retail and a tech startup fund starting in 2012. His vision included the development Container Park, a quirky shopping and entertainment center where retailers operate in converted shipping containers. Visitors are greeted by a giant sculpture of a praying mantis that shoots fire.
But perhaps more importantly, everything I have read this weekend about Tony describes him as a good human being with a great sense of humor and a commitment to "delivering happiness."
Here's another excerpt from the same article:
After Zappos had a rash of late deliveries, he sent an apology note to customers and provided a phone number for use by anyone who suffered “undue hardship.” As for those who were merely annoyed, he said, they were welcome to call Zappos and “ask whoever answers the phone to do something weird and embarrassing, like sing ‘I’m a Little Teacup.’”
Happiness. I can't think of anything better to be delivering to people in the world right now.
Recent job posting data from Indeed has revealed a bit of a paradox. The metro areas where more people are able to work from home -- i.e. tech hubs and finance centers -- have experienced larger job posting declines compared to all other US metros, as well as to tourism destinations such as Las Vegas and Orlando.
We know that the hospitality and tourism sector has been the hardest hit by the current environment. But that doesn't appear to be the biggest driver for overall job losses. In fact, one of the key takeaways is that job losses between February and June 2020 look to be correlated with metro size. That is, the bigger the city, the greater the job losses (% change).
So what's going on?
Data centers require electricity.
And as we have talked about before, total electricity consumption by US data centers is forecasted to reach somewhere between 6.7 - 12% of total consumption by 2028 (figure from the US Department of Energy). Last year, Goldman Sachs also estimated that data center power demand would grow 160% by 2030.
I kind of wonder if these numbers might be understated — given our current AI bubble — but whatever the case may be, we're going to need a lot more electricity going forward. There's no such thing as a wealthy, low-energy nation.
Given all of this, I'm struggling to understand why the US would move to cancel what would have been the largest solar project in North America. Esmeralda 7, which was to be located on 62,300 acres of federal land to the north-west of Las Vegas, was expected to be a 6.2 gigawatt project — enough to power nearly 2 million homes.
Instead, the Department of the Interior seems to be determined to accelerate fossil fuel projects, and help China maintain its clear dominance in renewables. I guess that makes sense in some world if you think renewal energy projects are a "scam."
Cover photo by American Public Power Association on Unsplash
I was both surprised and saddened to learn about the death of Tony Hsieh this weekend. Forty-six years old is far too young.
Though best known as a pioneer of e-commerce (he was previously CEO of Zappos) and for his brilliant/wacky management ideas, Tony was also a city builder, particularly in Las Vegas.
Here's an excerpt from a recent WSJ article:
In Las Vegas, Mr. Hsieh became beloved locally for investing $350 million into revitalizing part of the city’s downtown including real estate, restaurants, retail and a tech startup fund starting in 2012. His vision included the development Container Park, a quirky shopping and entertainment center where retailers operate in converted shipping containers. Visitors are greeted by a giant sculpture of a praying mantis that shoots fire.
But perhaps more importantly, everything I have read this weekend about Tony describes him as a good human being with a great sense of humor and a commitment to "delivering happiness."
Here's another excerpt from the same article:
After Zappos had a rash of late deliveries, he sent an apology note to customers and provided a phone number for use by anyone who suffered “undue hardship.” As for those who were merely annoyed, he said, they were welcome to call Zappos and “ask whoever answers the phone to do something weird and embarrassing, like sing ‘I’m a Little Teacup.’”
Happiness. I can't think of anything better to be delivering to people in the world right now.
Recent job posting data from Indeed has revealed a bit of a paradox. The metro areas where more people are able to work from home -- i.e. tech hubs and finance centers -- have experienced larger job posting declines compared to all other US metros, as well as to tourism destinations such as Las Vegas and Orlando.
We know that the hospitality and tourism sector has been the hardest hit by the current environment. But that doesn't appear to be the biggest driver for overall job losses. In fact, one of the key takeaways is that job losses between February and June 2020 look to be correlated with metro size. That is, the bigger the city, the greater the job losses (% change).
So what's going on?
The problem with this outcome is that it crushes most of the in-person sectors and businesses that relied on this workforce moving about the city -- things like food prep and beauty & wellness. I mean, just think about all of the food businesses that survive off lunches in a CBD. According to Indeed, it is these sorts of local economic connections that have really been driving the declines in job postings and overall payroll employment during lockdown.
The problem with this outcome is that it crushes most of the in-person sectors and businesses that relied on this workforce moving about the city -- things like food prep and beauty & wellness. I mean, just think about all of the food businesses that survive off lunches in a CBD. According to Indeed, it is these sorts of local economic connections that have really been driving the declines in job postings and overall payroll employment during lockdown.
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