3 Energy Stocks Racing to Fix AI's Power Problem

Summary

The AI buildout has a power problem, and most investors are still looking in the wrong place for the fix. Nuclear gets the headlines. Solar and batteries get the subsidies. But the fastest, cheapest new power source hitting the grid right now is one most portfolios don't own at all: geothermal. That gap is exactly why it matters. Dylan Jovine, CEO of Behind the Markets, argues that every major tech cycle has been driven by an energy breakthrough, and this one is no different. He's laid out the full case in his dedicated geothermal energy report, and the short version is that data center demand is outpacing the grid, with the companies solving that bottleneck first positioned to capture outsized value before Wall Street catches up. Get Fervo Energy alerts:Sign UpWhy the AI Race Is Really an Energy RaceHyperscalers need power now, not in a decade. Nuclear plants can cost upward of $14 billion and take years to permit, which puts them years away from meeting today's data center load. Geothermal energy projects, by contrast, can come online for a fraction of that cost and in a fraction of the time. Jovine frames the stakes in geopolitical terms, too. China has built a commanding lead in battery and clean energy manufacturing, while the United States still holds the edge in oil and gas infrastructure built up over more than a century. Geothermal, in his view, is one of the few energy categories still up for grabs, which is exactly why the companies moving fastest right now matter more than the headlines suggest. That math is why Alphabet NASDAQ: GOOGL, NVIDIA NASDAQ: NVDA and Berkshire Hathaway NYSE: BRK.B have been signing multibillion-dollar geothermal partnerships with little public attention. The technology draws on heat from the earth's core, a resource that doesn't fluctuate with commodity prices and produces a cleaner emissions profile than coal or gas. It just hasn't had its moment in the headlines yet. Fervo Energy Locks in Billions Before It Earns a DimeFervo E...