2026.05.18

Global AI Boom Ignites Rigid Demand for "Clean Baseload" Power

As global artificial intelligence (AI) applications grow explosively, next-generation data centers' demand for electricity is rising at an unprecedented pace. Tech giants' rigid demand for round-the-clock "clean baseload green power" has become the core focus of the global tech industry and its supply chain.

Recently, Fervo Energy, a US geothermal energy startup heavily backed by Microsoft founder Bill Gates and in deep strategic partnership with Google, officially listed on NASDAQ. Its share price surged more than 35% on its first day of trading, raising USD 1.9 billion — the largest energy-sector IPO globally since 2013. This landmark milestone has ignited international capital markets' enthusiasm for new forms of baseload energy, and has also injected strong market confidence and strategic validation into ACMEPOINT Energy Services (stock code: 6692), which has been actively positioning itself in forward-looking green power and AI net-zero power infrastructure in recent years.

Global geothermal technology is undergoing a breakthrough transformation. Fervo Energy, whose stock surged on its debut, is a prime example — by drawing on innovative drilling techniques from the shale gas revolution, it has successfully overcome the technical bottleneck that traditionally limited geothermal power to specific terrains, greatly expanding the global scope of geothermal development.

ACMEPOINT's (6692) strategic partner in this deep collaboration, ORMAT (NYSE: ORA), is a global geothermal leader with end-to-end capabilities spanning geological survey, precision drilling, advanced equipment manufacturing, and full plant operations. In the Jinshan geothermal project, ACMEPOINT has fully adopted ORMAT's leading international technology and rigorous management systems, ensuring the site is operated efficiently and safely while localizing international geothermal best practices.

[Further Reading / Related News Coverage]

• TechNews: AI Drives Geothermal Demand! Bill Gates-Backed Fervo Energy Lists in the US, Surges 35% on Debut