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Forgent Power Solutions (FPS), a company that designs and builds electrical systems for data centers, filed to go public in a deal that could raise as much as $1.62 billion, underscoring investor appetite for businesses tied to artificial intelligence infrastructure.
What’s powering the AI boom may be reshaping more than just the tech economy.
New rules by the PJM power network will fast-track combined data center and power generation projects, favoring new gas plants over renewables due to size requirements.
Bloom Energy offers onsite power generation through solid oxide fuel cells that are behind the meter to reduce dependency on the grid. Read more on how the company supports AI.
Additive manufacturing applied to purpose-built gas turbines solves the power problem for the AI data center infrastructure build-out Novra Power | DataCenter Power Additive Manufacturing
Baker Hughes Co., one of the world’s biggest oilfield contractors, said it plans to double its data center equipment order target to $3 billion over a three-year period, driven by surging demand for power to run artificial intelligence.
The developers of a new data center in Surprise are bringing their own power, and neighbors of the project say it's a threat.
As AI increases demand for data centers, many will get built in dense metropolitan areas close to where people live and work.
Construction is yet to begin on the facility, but it's aiming to hit a capacity of 1.5 gigawatts by the end of 2028.