Geothermal startup Fervo Energy is reportedly eyeing an initial public offering in the next two years. Driving the consideration is the growing concern over power demand growth from data centers, which could double by 2029. “There’s clearly a huge hunger in the public markets right now to figure out, how are we going to solve
Sometimes the smallest of news items can point to bigger trends lurking beneath the surface. Case in point: Google announced late last month that it has installed 100 million lithium-ion cells across its data centers to provide backup power to its servers. On its own, it’s not earth-shattering news. But it shines a light on
There’s a power crunch looming as AI and cloud providers ramp up data center construction. But a new report suggests that a solution lies beneath their foundations. Advanced geothermal power could supply nearly two-thirds of new data center demand by 2030, according to an analysis by the Rhodium Group. The additions would quadruple the amount
