on Jericho Energy Ventures Inc. (isin : CA4763391063)
Jericho Energy Ventures Launches Modular Data Center Initiative
Jericho Energy Ventures Inc. announces a new venture focusing on Modular Data Centers powered by natural gas assets. The initiative aims to harness Oklahoma's energy resources to fuel advanced AI computing solutions. This move aligns with regulatory support favoring energy development under the Trump administration.
The centers will operate from the Tulsa office, utilizing 40,000 acres of energy-rich land. By converting natural gas to reliable on-site power, Jericho plans to provide modular AI infrastructure, emphasizing efficiency and energy resilience.
CEO Brian Williamson highlights the potential revenue growth by integrating natural gas with AI infrastructure demand. Collaborations with utilities aim to enhance power availability, alongside exploring hydrogen fuel solutions.
The initiative reflects broader trends in data center investment, as noted by a McKinsey report predicting significant growth in AI-ready data centers. Global investments, including DAMAC Properties' $20 billion plan, underscore this surge.
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