The world's largest data center project — backed by Trump allies and bearing his name — is stalled by delays and logistical hurdles that could stop it before it even starts. - The latest sign of trouble emerged Friday: CEO Toby Neugebarger abruptly departed . That sent the company's shares, which already shed 75% in the last six months, plummeting in aftermarket trading. Why it matters: Fermi America, co-founded by President Trump's former Energy Secretary Rick Perry, is emerging as a high-profile test of whether the biggest, most ambitious AI infrastructure projects can deliver on their promises. Behind the scenes: In an interview with Axios on Thursday, Neugebarger defended the project while acknowledging some shortcomings. He gave…
As of April 2026, Texas has 84 operating data centers and 140 planned projects, according to an analysis by Cleanview, “a software platform that helps visualize clean energy data.”
HOUSTON — A high-stakes fight is emerging as the AI boom accelerates: Should data centers plug into the grid, or operate as energy "islands"? Why it matters: The debate is shaping power flows and multibillion-dollar investments, as data centers rival entire cities in their electricity demand. Driving the news: Chevron said this week it's working on a deal to build a natural gas plant dedicated to a Microsoft data center in Texas — one of many signs that on-site power is gaining traction. - Roughly 30% of all planned data center power capacity is expected to be on site, according to a February report by Cleanview, a market intelligence firm — up from almost nothing a year earlier. "A lot of people look at that 30% figure from our…
Meet the unlikely poster child for the AI boom and its insatiable energy demand. Why it matters: Bloom Energy, long seen as a niche energy player, can deliver on-site power far faster than traditional options — a critical edge as data centers race to secure electricity. Driving the news: Over the past year, Bloom Energy's stock has surged more than 400%, outpacing even AI bellwethers like Nvidia. State of play: Bloom Energy makes shipping container-sized fuel cell units that generate power with natural gas through a chemical reaction instead of combustion. - It has signed major deals with key players across the AI and energy landscape over the last year and a half. They include Oracle, utility AEP and Brookfield, a leading financier…