Energy IPOs Hit Record as Investors Seek Exposure to AI Data Center Boom

Energy companies are raising capital through initial public offerings at the fastest rate in decades, with $12.6 billion raised in the first half of this year—the highest half-year total since the dot-com bubble peak in 1999 and a record for any first-half period. This surge far exceeds the $4.3 billion raised in all of 2025 and reflects investor demand for ways to profit from the rapid expansion of power-hungry AI data centers. The spike in energy IPOs underscores a growing bottleneck: securing the massive electricity supply needed to sustain the multi-trillion-dollar AI investment boom.