Fermi, co-founded by former U.S. energy secretary Rick Perry, has raised $682.5 million in a U.S. IPO, reflecting strong demand for AI-driven data infrastructure. The Texas-based company, valued at $12.46 billion, is building a massive energy and data campus set to supply 11 GW of power by 2038.
Sempra has announced the $10 billion sale of a 45% stake in Sempra Infrastructure Partners to a KKR-led consortium and reached a final investment decision for Port Arthur LNG Phase 2, moves that bolster its transition towards a U.S. utility-focused growth strategy.
Beale Infrastructure has unveiled a revised $3.6 billion data centre design in Pima County that eliminates industrial water use and highlights its commitment to sustainable development.
Aermec has launched two new propane-based heat pumps, the PRM and PRG, designed for commercial buildings and industrial applications, offering high-capacity heating and cooling with ultra-low GWP refrigerant.
Petromaint has secured a $121mn maintenance contract at Iraq’s Zubair oilfield and is weighing further expansion into Algeria, underlining its drive to strengthen its position in the MENA energy services market.
ACWA Power has secured $3.4 billion in financing to develop two major gas-fired power plants in Saudi Arabia, adding 3.6 GW to the grid as electricity demand grows.
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