Data centers are a hot-button issue in the U.S. right now. In the stock market, major tech companies are building artificial intelligence (AI) infrastructure to meet the massive demand for generative and agentic AI applications. But on Main Street, there's growing resistance from communities who don't want to see data centers in their areas, and are worried about the ever-growing power demand.
That's why the new deal announced today by Fervo Energy (FRVO) and Alphabet (GOOGL) is so interesting. Fervo just signed a 396-megawatt power purchase agreement with Google to supply carbon-free electricity for a potential data center in Utah. The agreement is the largest enhanced geothermal power purchase agreement on record.
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#Stock #centers #purchase
That's why the new deal announced today by Fervo Energy (FRVO) and Alphabet (GOOGL) is so interesting. Fervo just signed a 396-megawatt power purchase agreement with Google to supply carbon-free electricity for a potential data center in Utah. The agreement is the largest enhanced geothermal power purchase agreement on record.
I've Been Taking a Beating on This AI Energy Stock. Here's Where I'm Looking to Add More Shares – and Why.
As US Bond Selloff Accelerates, Treasury Secretary Scott Bessent Says a Stronger Yen is Coming
August's Top Commodity Performers and Underperformers
#Stock #centers #purchase
2 months ago
