Fermi has filed for a U.S. IPO as demand for artificial intelligence drives a boom in energy-hungry data centers, forcing developers to strike long-term deals for renewable power and nuclear baseload. According to Reuters, the builder, backed by venture capital firms, plans to list on Nasdaq under the symbol “FERM” as part of a wave of new offerings in 2025.
The International Energy Agency (IEA) estimates that worldwide data centers could consume more than 1,000 terawatt-hours annually by 2026, a figure on par with the electricity demand…Fermi IPO Rides AI Power Boom as Data Centers Lock In Renewables, Nuclear
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