Shaan Puri: commitment

Transcript context

…You want a farm. I want a farm, yeah. I was driving with my father in law, and he was telling me about this. In every school, you see these solar panels on the parking garages just outside the school. He's like, "Yeah, this is part of Chevron Energy. Chevron installs all these." From what I gathered was they both have a service provider. I think they're a vendor. They get paid for that. But the bigger thing is they'll be like, hey, school. You don't need to put up $2 million for the solar installation. We will do it—Chevron—out of our profits from oil and gas. They get to say they're doing clean energy things. They get to reinvest profits into something that they're going to be able to get favorable tax treatment on. They get to help a school have solar power. Then they become a long-term lessor of the solar panels. And the school pays out a small monthly fee, but they are there from day one saving money on their utility bill. For them, it's like a net gain anyways even if they pay for this. They’re just paying less for the utilities. I was thinking, why isn't there a marketplace where I don't have to buy a building and I do this whole solar plan, but I just had dollars. Please invest that into the solar projects for me, give me my tax credits back, and give me my monthly recurring income from—this is going to go on some farm in Idaho. Yeah, it's an asset manager. It solves the same problem of like, I don't want to do the dirty work of finding those investments and operationally putting the money in, but I will pay you something if you do it on my behalf.…

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