Topic: baseload power
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Geothermal startup Fervo Energy surges 33% in IPO debut on AI data center demand
Fervo Energy's stock surged 33% in its Nasdaq debut on Wednesday, pushing its valuation past $10 billion, driven by strong investor demand for reliable power sources for AI data centers. The company raised $1.89 billion in an upsized IPO, selling shares at $27 each, and is the second energy start...
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TerraPower’s reactor fuels AI data centers with a secret weapon
TerraPower, co-founded by Bill Gates, will unveil its first data center project later this year, with construction slated for 2027, following a Wyoming plant and a Meta deal for eight Natrium reactors. The company's key advantage is thermal energy storage using molten sodium, which lets the react...
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