Enhanced geothermal startup Fervo Energy surged 33% in its IPO debut, with the deal reportedly upsized multiple times after potential investors questioned why it wasn’t already raising more capital. The company’s pitch resonated as growing AI data center demand increases pressure for reliable, large-scale power—turning geothermal into a fresh growth story.
Microsoft’s rapid push to expand data centers for AI workloads is raising concerns about whether it can meet its clean power targets. As new sites require large, immediate electricity volumes, the company may face delays or tradeoffs in scaling renewable procurement and grid partnerships—putting a cornerstone sustainability goal under pressure.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
LG Electronics says it is in talks with Nvidia to explore collaboration across robotics, AI data centres, and mobility solutions. The discussions follow a visit by Nvidia’s senior director for physical AI platforms, suggesting the partnership could accelerate real-world AI systems—moving beyond data centers into robots and transport-related innovations.
Meta says it is investing in new energy solutions for its AI data centers, partnering with Noon Energy to bring space solar power to Earth for round-the-clock electricity. The company is also securing ultra-long-duration energy storage to keep power reliable even when renewable generation dips, aiming to support rapidly expanding AI workloads with cleaner energy.
BT Group is partnering with Nscale to develop up to 14MW of AI data centre capacity across three UK locations, powered by Nvidia infrastructure. The project expands BT’s sovereign data services, targeting public sector and business customers that want stronger data resilience and more local AI capability within Britain.
US-based power equipment startup Ayr Energy is reportedly in talks to raise $25–30 million from Energy Impact Partners, potentially valuing the company at about $200 million. Founded by former Zetwerk and Ather Energy executive Anirudh Reddy, the startup is betting that AI workloads and expanding data centres will drive rapid demand for new power infrastructure.
Never miss a story
Set alerts for the topics and sources you care about. Download Beige for free.
Swipe through stories, personalise your feed, and save articles for later — all on the app.