Kevin O’Leary, the well-known investor from “Shark Tank,” recently had an interesting take on the U.S. energy situation. According to O’Leary, America's power grid struggles to keep up with the big promises about electric vehicles (EVs), AI data centers and other energy-hungry technologies.
"We have no power in America," O'Leary bluntly stated. "We've run out on the grid. We have all these promises about electric cars, AI data centers and all this stuff and you can't even get 20 megawatts anywhere, which is not a lot of power, no matter what power authority you go to."
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EVs and AI are at the heart of the future America wants to build, but these technologies need a lot of power, which the current grid can't provide. According to O’Leary, all the hype around these technologies feels like empty promises.
"We've got to solve for power and we've got to solve for regulation," he said before continuing. O'Leary fears that the nation will struggle to deliver on its tech aspirations without addressing these core issues.
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Looking North for Solutions
So, what’s the solution? O’Leary thinks the answer might lie with America’s northern neighbor, Canada. "The solution to power in North America is Canada," O'Leary explained, echoing a point also made by Eric Schmidt, the former CEO of Google. Canada has vast hydro and natural gas resources that both Schmidt and O’Leary believe could help solve the U.S. power crisis.
"We got to cut a deal with all that Hydro they got up there and all that gas," he added. O'Leary sees a potential collaboration where Canada's surplus energy could power America's ambitious projects – from electric cars to AI data centers.
O'Leary also mentioned the importance of having someone who knows the energy landscape well, referring to North Dakota Gov. Doug Burgum, who could take on the role of an energy leader to help make this collaboration with Canada a reality. "He knows the Canadians," O'Leary said. "Let's bring that power down here. Let's make a deal."
The idea is straightforward: rather than struggling to develop the required infrastructure alone, why not leverage Canada's already established hydroelectric and natural gas capabilities? Such a partnership could help both countries and ease the regulatory and logistical pressures that have been slowing down progress on the energy front.
Ultimately, O’Leary calls for workable, quick fixes to the American energy dilemma, stressing the value of unconventional thinking and the need to look outside the country for solutions.
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