Why Energy and Decarbonization Remain Spring Valley’s Focus
Chris Sorrells shares why Spring Valley remains committed to the energy and decarbonization sectors. From AI infrastructure to power security, he discusses how global shifts are reshaping the energy landscape and where the next opportunities lie.
Guest: Chris Sorrells – Chairman and CEO of Spring Valley
Connect with Chris: https://www.linkedin.com/in/chris-sorrells-5a6a836/
Watch more episodes at: YouTube.com/@UCiOCVRrRqqmq20QNV9I43Zg
Let’s Connect on LinkedIn:
👉 Michael J. Blankenship - https://www.linkedin.com/in/mikeblankenship/
👉 Joshua Bruce Wilson - https://www.linkedin.com/in/joshuabrucewilson/
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Michael J. Blankenship is a licensed attorney and is a partner at Winston & Strawn LLP. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is intended for informational and educational purposes only and should not be interpreted as legal, financial, or compliance advice. The views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the official policies or positions of any regulatory agency, law firm, employer, or organization.
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Let’s Connect on LinkedIn:
👉 Michael J. Blankenship - https://www.linkedin.com/in/mikeblankenship/
👉 ...
Mike Blankenship: So Springs, Valley's focus on energy resources and decarbonization has really stayed consistent. So what kept those sectors compelling for you all?
And where do you see the most real opportunity right now.
Chris Sorrells: So we started in that sector be because it's where our sub matter expertise resides. I've been in, in the energy and Decarb worlds back all the way to the mid nineties. We feel like that's where our edge is. So that's where we started.
Our sponsors also are very large energy oriented, private equity folks, so again, you stay within your swim lanes. Those are massive markets, and so there's a, a tremendous amount of opportunity, so don't need to spend a lot of time looking at other segments. The thing that is driving these markets now is really AI infrastructure.
The crypto ai electrification, and it's making us rethink. The power supply source, be it front of meter, behind the meter the reliability the cleanliness of it, the security of it fuel products, inputs really a complete overhaul of how we think about it. Do we harden the grid?
When you're dealing in the data center market, it's a high nines market. 99.9% doesn't cut it from a power supports source. And when you look at the growth that is being projected for ai and I, my gut tells me not all of it will materialize. It never does.
'cause the developers are out there chasing and people are making substantial investments. Or, earmarking substantial investments. Not all of which will be done but even a, a decent fraction of what's out there is gonna put a lot of strain on the power. And you have to have creative options.
And I think right now you're seeing that, with Nuke and who five years ago would've thought nuclear power small modular nu nuclear power could be a potential power source for a data center. Few people saw that. So I think there's a lot of neat opportunities for people to rethink the paradigm of what has happened in the past and what will happen in the future.
Chris Sorrells
Chairman & CEO of Spring Valley II and III
Chris Sorrells is chief executive officer of Spring Valley and chairman of Spring Valley II and III. A veteran investor and operator with over 30 years of experience in the natural resources and decarbonization sectors, he previously led Spring Valley I through its merger with NuScale Power (NYSE: SMR) and served on NuScale’s board. Sorrells was lead director at Renewable Energy Group (Nasdaq: REGI) until its $3.1 billion acquisition by Chevron and earlier was managing director and operating partner at NGP Energy Technology Partners. He holds degrees from the University of Southern California, the College of William & Mary, and Washington and Lee University.