I think that is exactly correct, it is also why Facebook and Google have built more data centers in the last 10 years than any of the "established" internet service providers. They operate on a different evaluation strategy, and establishing a source of energy that they controlled and was 'green and unencumbered' has been high on Google's list for a while. They helped build a very large solar farm in the Mohave desert for just that reason.

And they are sitting on billions of dollars of cash that is returning maybe 1.2% in returns.