Energy companies are raising money through initial public offerings at the fastest pace this century, fueled by investors seeking new ways to bet on the booming demand for power-hungry AI data centers. IPOs for energy firms raised $12.6 billion in the first half of this year, marking the highest half-year level since the dotcom bubble peak in late 1999 and the highest first-half figure on record.
That total already far exceeds the $4.3 billion raised in all of 2025. The fundraising surge reflects how access to vast amounts of energy has become a critical bottleneck in the multi-trillion-dollar AI investment boom.
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