02-05-2025
- Business
- The Market Online
Jericho Energy Ventures fast-tracks AI data centre along U.S. ‘superhighway'
Jericho Energy Ventures (TSXV:JEV) is leveraging its choice positioning along a major U.S. fibre 'superhighway' route to accelerate the development of its AI modular data centre project in Oklahoma
This initiative is out to capitalize on the company's fibre-connected energy infrastructure and access to low-cost natural gas, providing high-performance, scalable solutions to meet the growing demands of the AI and energy sectors
AI data centres will account for half of the U.S. electricity demand growth by 2030
Jericho Energy Ventures stock (TSXV:JEV) opened trading at $0.19
Jericho Energy Ventures (TSXV:JEV) is leveraging its choice positioning along a major U.S. fibre 'superhighway' route to accelerate the development of its AI modular data centre project in Oklahoma.
This initiative is out to capitalize on the company's fibre-connected energy infrastructure and access to low-cost natural gas, providing high-performance, scalable solutions to meet the growing demands of the AI and energy sectors.
Jericho's management highlights the advantages of its strategically located infrastructure, which is designed to offer reliable and cost-effective AI compute power. The company's modular data centre design enables rapid deployment and expansion, catering to the flexibility and performance required by next-generation AI workloads.
'Locating our modular data centres directly on the fiber backbone gives us a speed and efficiency advantage, while our abundant energy resources allow us to offer reliable, cost-effective AI compute power,' Jericho's CEO, Brian Williamson commented in a media statement. 'Our modular data centre design enables rapid deployment and expansion, providing the flexibility and performance demanded by next-generation AI workloads.'
A report from the International Energy Agency (IEA) released earlier this month projects that AI data centres will account for half of the U.S. electricity demand growth by 2030. This surge in demand is expected to surpass the combined electricity consumption of aluminum, steel, cement, chemicals, and other energy-intensive industries. The report points to the transformative impact of AI on the energy sector, driving significant increases in electricity consumption.
Jericho recently partnered with AT&T (NYSE:T) to deploy a minimum of 10Gbps of fibre optic connectivity at its initial modular high performance AI data centre site. This installation leverages advanced data transfer protocols and is engineered to scale beyond 100Gbps to meet future demand.
By harnessing its long-producing oil and gas joint venture assets and robust Oklahoma infrastructure, the company is deploying scalable, on-site power solutions to build these modular AI data centres. This approach can not only maximize output but also reduce waste, unlocking long-term value in the rapidly converging AI and energy markets.
Positioned at the nexus of energy and AI infrastructure, Jericho Energy Ventures Inc. is engaged in owning, operating and developing both traditional hydrocarbon joint venture assets and advancing the low-carbon energy transition, with active investments in hydrogen.
Jericho Energy Ventures stock (TSXV:JEV) opened trading at $0.19 and has risen 11.43 per cent since this time last year.
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