My name is KR Sridhar. I'm the founder and CEO of Bloom Energy. I'm Tim Schweiger. I'm on KR team and I'm responsible for Bloom Energies international business. I'm currently in the process of moving to Europe. You know, we see a lot of vibrancy and we see a lot of excitement and that's rightfully placed because with what's happening with AI. The data center industry is going to completely retool and people want to get together and understand how they are going to move forward in this future. And this particular conference you're organizing, you're creating a fantastic atmosphere for people to get together. I think it's a, it's a terrific event. First off, Milan is an incredibly important city to European, the European data center market. And what I find here at the event today is there's a lot of excitement, but there's also a lot of nervousness and the nervousness is around what KR referred to, which is AI is going to cause tremendous growth in the industry. But they also know that it's becoming more and more difficult to grow. And largely due to the constraints around electricity then we created Bloom Energy. We had a very simple notion the mechanical age, industrial age infrastructure for electricity is being applied to the digital age data center. We wanted to create digital age electricity for the digital age data center and that's what Bloom is. It's solid-state. It has no moving parts. It does not burn the fuel it. Is not pollute the atmosphere? Isn't that what the digital age is about? So our technology is perfectly suited for the digital age. And it's a solid oxide fuel cell technology, the most efficient in the world. It can provide electricity from a multiplicity of fuels, starting with natural gas right now, but with bio gas, with hydrogen, with ammonia, with the 0 carbon fuels of the future. So we are ready today, we are ready for the transition. And we are ready at the destination. I mentioned in my introduction that I'm in the process to move into Europe. Why Europe's energy security, Security is become paramount and top of mind in Europe, largely due to the Ukrainian Russian crisis and what it means. It doesn't mean that. Molecule or are not the gas is going to go away. What it means is we need to get more energy out of each one of those molecules and that's where bloom comes in with our particularly with our combined heat and power fuel cell we can get 8085%, even 90% efficiency at converting those molecules to to electricity. So energy security sustainability being able to. To do some missions is still extremely important to the European Community and then time to power. As I mentioned in my earlier remarks, with the growth, rapid growth of data centers, there's just not the power through the grid to provide the electricity needed for that growth. And we through our product can provide on site power and and can help data centers get online much more quickly than waiting around for. For the grid and the last thing I'll say is hydrogen is is also top of mind in Europe. It's not going to come quickly, it's not going to happen overnight. But clearly policies and investment are already engaged and accelerating and that position does not just for being able to provide power today who provide even cleaner power in the future. I think the world would want hydrogen. And not, not natural gas, especially 0 carbon hydrogen, as long as we make it available and we make it affordable because that's good for everyone. So Bloom is working very hard to develop that technology, not just for production, but to make it affordable and accessible in large quantities, abundance and that we are able to do because our technology consumes less electricity, renewable electricity. To make more hydrogen and Justice, recently we showed that we had the world record for the most efficient electrolyzers by demonstrating A4 MW electrolyzer at the Nassau campus in the US We also announced that we will be partnering on a very exciting opportunity in North of Canada using wind power. It's a $4.5 billion project to bring hydrogen in the form of ammonia. Europe, particularly to Germany. So these are baby steps. You will see them accelerating very fast, but very important steps. You're super excited about the future of hydrogen.
