Ford launched a new subsidiary, Ford Energy, to expand into energy storage for data centers and other large power users, citing massive demand for domestic energy storage. Ford’s stock rose to its highest level in three years after rolling out its $2 billion energy business. Bloom Energy’s stock surged more than 1,200% over the past year, reflecting strong investor interest in rapid on-site power. Fervo Energy jumped after going public earlier this month as Wall Street sought new electricity sources for data centers. GE Vernova booked $2.4 billion in electric equipment orders for data centers in the first quarter, exceeding all of last year’s equivalent sales, and its stock rose about 60% this year.
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