Canadian energy company Jericho Energy Ventures has launched a modular data center business that aims to utilize its natural gas assets as the foundation for developing AI-specific modular data centers.
The new business segment will be run from Jericho’s Tulsa, Oklahoma, office. According to the company, it currently owns and operates 40,000 acres of productive land across Oklahoma and intends to leverage its acreage and natural gas infrastructure to develop reliable on-site power generation for data center assets.
"By aligning our energy resources with the booming demand for modular AI computing infrastructure, we aim to boost revenue and elevate shareholder value through an innovative, sustainable approach," said Brian Williamson, CEO of Jericho.
As part of the new business segment, Jericho intends to develop secure, modular, and next-generation computing infrastructure tailored for AI applications. In addition, the company has said it plans to focus on developing its traditional energy assets to support significant production growth.
Williamson also stated that Jericho will work with “local utilities and cooperatives to provide redundant cost-effective power solutions to ensure high availability.”
Founded in 2010, Jericho is based in Vancouver, British Columbia, Canada. In addition to its natural gas assets, the firm has invested across the energy landscape, including several subsidiaries. These include Hydrogen Technologies, which is building a zero-emission boiler, and Etna Solutions, developer of an alkaline-based electrolyzer system.
Jericho is the latest energy firm to expand into the modular data center market. Earlier this year, Duos Technologies closed an agreement to deploy and operate 30 mobile gas-powered turbines on data center sites across the US.
Before this, in November, AXP Energy inked a binding Joint Development Agreement (JDA) with Blackhart to sell natural gas to power modular crypto mine data centers in Colorado.
In October, MARA launched a 25MW micro data center operation across oil wellheads in Texas and North Dakota, powered exclusively by excess natural gas.
