A startup co-founded by former Texas Gov. Rick Perry went public this week, raising the young company’s value to $19 billion following an initial public offering this week.
Fermi America, based in Amarillo, plans to harness nuclear energy to power AI data centers. The company already has the attention of Wall Street, with shares up 55 percent over the opening price after one day of trading.
Claire Hao covers energy and the power grid for the Houston Chronicle. She says the massive power needs of AI data centers appeal to Wall Street investors. Listen to the interview above or read the transcript below…