Power Of Compute. Just after yesterday’s headlines about nuclear failures and solar’s growth, we have the IPO for Fervo energy, a geothermal tech provider. With the headline valuation, you can see that the promise of future opportunity is driving the market for anything that can get more electrons to the AI / Data Center trend.
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- Reuters: Fervo Energy eyes $6.5 billion valuation in US IPO
- Politico: Democratic leaders want an affordability debate on AI. Critics say they’re ducking the real fight.
- Bloomberg: AI Boom to Add Hidden Extra Cost to Northeast US Power Bills
- The Guardian: Solar booms in industrial US midwest as energy crisis persists
- PV-Tech: CIP acquires Orsted onshore unit, launches Perigus Energy with 826MW capacity
- Utility Dive: Dominion upbeat on offshore wind as cost estimate eases, sales rise
- Energy Storage News: US administration ‘must make it easier to get things built,’ DOE chief of staff says
- Canary Media: For cheaper power, Virginia’s local utilities build small grid batteries
Opinion
Best, Yann