AI And TechnologySEI is now part of the AI growth wave with 60% or 400MW of its planned 680MW capacity supporting the power needs for xAI's generative AI data center.
Expansion And GrowthSEI now owns and operates a fleet of mobile NG-fired turbines and is expanding rapidly to meet load growth.
Joint Venture BenefitsThe JV will own ~500 MW of capacity, leasing it to the data center partner, which lowers SEI's CAPEX load and allows the company to grow faster without raising high coupon debt or equity.