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KF
Karen Fang
Bank of America (global head of infrastructure and sustainable finance)
First call on the ledger
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Where they stand
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Karen Fang (Bank of America) tells Bloomberg the US needs trillions of dollars of critical infrastructure investment, far more than BofA's $250 billion 18-month initiative.
Well, I think we need trillions of dollars for our nation's critical infrastructure development
Karen Fang (Bank of America) tells Bloomberg that power generation is the number-one constraint on building out AI compute and data centers.
power and power development in particular, that is the number one constraint right now for compute power
Karen Fang (Bank of America) tells Bloomberg that about 90% of new electricity added to the US grid has been renewables and storage because they are cheap and fast to build, while gas and firm nuclear/geothermal are still needed.
we actually have seen 90 percent of the new electrons added to the United States power grid being renewable energy and storage.
Karen Fang (Bank of America) tells Bloomberg she is pretty confident BofA will deploy its $250 billion infrastructure commitment within the 18-month window, framed as a stretch goal to be revised upward.
So in a year when we reveal our 18-month results, we're pretty confident we can accomplish this
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