What does DeepSeek AI mean for energy?
The Energy Gang
Wood Mackenzie
4.6 • 1.3K Ratings
🗓️ 4 February 2025
⏱️ 63 minutes
🧾️ Download transcript
Summary
It’s a historic moment in energy, with a leap forward in AI technology coming as the Trump administration sets a new direction for the US. The Energy Gang break down what it all means.
When they make The Energy Transition – The Movie, the week of 27th January 2025 will be a pivotal scene. The Chinese AI company DeepSeek sent shockwaves through stock markets, as it revealed its model that apparently is capable of better performance than its competitors at a fraction of the cost.
Host Ed Crooks talks through the implications for energy with regulars Amy Myers Jaffe of New York University and Melissa Lott of Microsoft. Together they discuss the market reactions to the launch of DeepSeek, shifting forecasts for AI demand, and the implications for the industry and for government.
President Donald Trump has come into office putting emphasis on the importance of energy supplies for AI as a matter of national security. His administration wants more “baseload” power. But there is a debate on what that word means for a modern electricity system, and whether it even has any relevance. Do modern solutions for grid stability make talk of baseload power obsolete in 2025?
Finally the gang review the flurry of executive orders signed by President Trump. Climate change is off the agenda as a priority for the US administration. What does that mean for energy, in the US and around the world?
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Transcript
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| 0:00.0 | Hello and welcome to the energy gang, a discussion show from Wood McKenzie about the |
| 0:10.0 | fast changing world of energy. I'm Ed Crooks, and we have a lot to talk about on this show. |
| 0:16.2 | I was talking to someone in the energy business a couple of days ago who said that when the |
| 0:19.6 | histories are written, this may come to be seen as a pivotal week for our energy system. You guess you could say |
| 0:25.0 | that when they finally make the energy transition the movie, these last few days will be a pivotal |
| 0:30.3 | scene. And to explain these momentous times in the world of energy, can't think of anyone better |
| 0:35.1 | to talk to than our good friends, Amy Myers, |
| 0:42.4 | Jaffe and Melissa Lott. Amy is the director of the Energy, Climate Justice and Sustainability Lab at New York University. Hi, Amy. How are you? Are you feeling the hand of history on your shoulder? |
| 0:47.2 | I do feel the hand of history on my shoulder big time. Yeah, absolutely. It's certainly going to be |
| 0:52.5 | a lot to talk about on this show. And Melissa is the partner general manager for energy technologies at Microsoft. Hi, Melissa. How are you? |
| 0:59.1 | Doing great. We've got apparently about nine feet of snow coming to us here in the Sierra. So it's quite an interesting week here too. But I'm excited for the conversation. |
| 1:08.7 | And as usual, of course, Melissa, with you, we have to note the standard corporate disclaimer. |
| 1:12.7 | Anything you might say in this show is very definitely your own opinion. |
| 1:15.7 | It doesn't represent the views of Microsoft as not official company policy or anything like that. |
| 1:19.8 | Exactly. |
| 1:20.5 | So a very big weekend energy to talk about. |
| 1:23.9 | And I think so when people talk about this being a historic moment in energy, |
| 1:28.2 | they really talk about the convergence of two things happening just about simultaneously. |
| 1:33.7 | The first, of course, is the inauguration of President Donald Trump, the barrage of |
| 1:38.0 | executive orders that he launched on his first few days in office. And we'll talk about those |
| 1:42.5 | in more detail in a moment. But then the other thing |
| 1:44.9 | that happened was the release of this new Chinese AI model, DeepSeek. Lots of fascinating aspects of |
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