[hfktktnfkgk]

The chip companies also know that they will definitely buy electricity in the future, yet they are not buying power plants.

In a sense, buying the future substrate production is just a future substrate contract.

Do you know how building a power plant is financed today? Basically someone buys 10 years of gas futures, sells 10 years of equivalent electricity futures, and uses the profit (since electricity is more expensive than gas) to build the power plant that will turn the bought gas into the sold electricity.

[HPsquared]

I suppose they could also just sell the electricity futures first, then build the plant, then buy gas as needed. That'd put them at risk of gas prices fluctuating though, might turn off investors.

I assume a random person can't just sell 10 years of electricity futures without some kind of collateral.

[CRConrad]

> I assume a random person can't just sell 10 years of electricity futures without some kind of collateral.

Maybe they run the negotiations in parallel, so they can kind of use one set of futures as collateral for the other?

[EmilioMartinez]

Any source, extra info or further insight on that last bit?

Comes to mind: "Be the change you want to see in the world, and get paid for it"