Fermi Targets $715 Million IPO in Amarillo
Former U.S. Energy Secretary and Texas Governor Rick Perry is helping lead one of the biggest energy-tech offerings of the year. Perry, a co-founder of Fermi, announced the company’s $715 million initial public offering (IPO), with shares expected to price between $18 and $22 each.
The Amarillo-based firm is building a massive data center powered by nuclear fusion, solar, and wind, designed to meet the growing energy demands of artificial intelligence (AI). The IPO, reported by Reuters, comes at a time when Wall Street is heavily focused on energy infrastructure tied to AI development.
Why Amarillo?
Fermi’s choice of Amarillo highlights the city’s emerging role in energy innovation. Amarillo offers:
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Access to renewable energy resources including high wind capacity in the Texas Panhandle.
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Space and infrastructure to build at hyperscale.
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Proximity to transmission lines that connect to regional and national power markets.
By combining nuclear fusion research with solar and wind, Fermi hopes to offer carbon-free, reliable baseload energy that data centers require.
Analysts See Investor Appetite
The offering was originally expected to raise less, targeting 25 million shares. However, the company increased its share offering to 32.5 million shares, suggesting strong investor demand. Analysts say the upsized IPO underscores investor enthusiasm for firms positioned at the intersection of AI growth and clean energy infrastructure.
AI Driving Energy Demand
The launch reflects a larger trend: AI buildouts are driving record levels of electricity demand. Hyperscale data centers require enormous amounts of power, pushing energy developers to seek new solutions that combine scalability, reliability, and sustainability.
With this IPO, Fermi positions itself as a flagship player in the next wave of AI-powered energy investment.
Source: Story reported by Reuters and edited for clarity and context by The Oklahoma Energy Report.
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