LONDON - Tekcapital plc (AIM:TEK) announced the formation of Vesari Inc., a U.S. company established to acquire and commercialize intellectual property for geothermal-powered AI data centers.
Tekcapital's wholly owned subsidiary, Tekcapital Europe Ltd, received a 51% equity interest in Vesari for no cash consideration. Executive Chairman Clifford Gross holds the remaining 49% and will assign 11 patent applications to Vesari at no cost.
The company plans to co-locate AI computing facilities directly with geothermal power generation, using low-Earth-orbit satellite connectivity instead of conventional fiber networks.
Data center electricity consumption in the United States has reached approximately 4-5% of total national electricity usage and is projected to reach 9-17% by 2030.
