Former Energy Secretary Rick Perry’s $17 billion startup aims to build four large nuclear reactors in the Texas Panhandle to fuel AI data centers—eventually.

For now, it is sticking with good old natural gas. 

Fermi FRMI 2.48%increase; green up pointing triangle, which was co-founded by Perry, is betting on an era of soaring electricity demand. The company went public at the beginning of October and has positioned itself at the crossroads of two crazes: the build-out of more data centers to power artificial intelligence and a potential U.S. nuclear-power resurgence.

Read more in the Wall Street Journal here.

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