18 September, 2026 Floating Data Centre Race: 6.5 MW → 200 MW in Five Years Why offshore: Land • Grid • Cooling UNIT COST 🇨🇳 $9.4K/kW — Shanghai HiCloud / Hailanyun — 24 MW 🇺🇸 $3.6K/kW — Hockema — 25 MW 🇺🇸 $6.9K/kW — Nautilus Stockton — 6.5 MW $6.6K/kW — Simple average* TECHNICAL VALIDATION CAPACITY 🇺🇸 6.5 MW critical IT — Nautilus — Operational since 2021 [6] 🇨🇳 2.3 MW live → 24 MW planned — Shanghai HiCloud / Hailanyun — Operational / Expansion [1] 🇯🇵 20–73 M

1 September 2026 Data Centres: $500bn Investment — The New Energy Customer Key Points Investment nearly doubled in two years → $500bn in 2024 For Comparison: Upstream Oil & Gas — $570bn Electricity Demand (2024–2030): 415 → 945 TWh Installed Capacity (2005–2025): 21 → 114 GW Growth Drivers: IT → Cloud → AI Power Package Scale-Up: 26 → 200 → 2,000 → 5,000 MW How Data Centres Are Powered Coal — 30% Renewables — 27% Natural Gas — 26% Nuclear — 15% Infrastructure Constraints Chip

14 August 2026 Onshore Gas Pipeline CAPEX (2005–2030) Key facts: • Conventional: $4.5M/km (15 projects) • Mountains: $15.1M/km (4 projects) • Arctic/Sub-Arctic: $7.9M/km (4 projects) Conventional 🇺🇸 2008 — Southeast Supply Header | 435 km | 42″ | $3.6M/km 🇺🇸 2009 — Gulf Crossing | 568 km | 42″ | $3.0M/km 🇺🇸 2011 — Tiger Pipeline | 282 km | 42″ | $5.5M/km 🇺🇸 2011 — Fayetteville Express | 301 km | 42″ | $4.8M/km 🇺🇸 2017 — Trans-Pecos + Comanche Trail | 544 km comb