Tekcapital’s (LSE:TEK) portfolio company Vesari Inc. has appointed leading geothermal specialist Dr. Joseph N. Moore to its newly established Science Advisory Board, reinforcing its technical capabilities as it advances the development of geothermal-powered artificial intelligence infrastructure.
Dr. Moore brings more than five decades of experience in geothermal energy, including leadership of the U.S. Department of Energy’s Frontier Observatory for Research in Geothermal Energy (FORGE) programme and involvement in major enhanced geothermal system projects. His expertise in subsurface geology and geothermal reservoir development is expected to support Vesari’s long-term clean energy strategy.
The appointment forms part of Vesari’s wider effort to build a multidisciplinary Science Advisory Board with expertise spanning geothermal energy, hyperscale computing infrastructure, thermal management and low-Earth-orbit satellite laser communications. The company believes this combination of specialist knowledge will help accelerate the development of its integrated technology platform.
Vesari is developing proprietary geothermal-powered AI campuses designed to provide continuous carbon-free electricity for hyperscale data centres without relying on conventional electricity grids. The company believes its approach could improve the efficiency, reliability and long-term economics of AI computing infrastructure while supporting the growing demand for sustainable data centre capacity. As Tekcapital holds a 51% stake in Vesari, continued progress could enhance the long-term value of its investment portfolio.
Tekcapital’s broader outlook remains affected by weaker financial performance, including lower revenue, ongoing losses and negative operating and free cash flow. However, the company maintains a debt-free balance sheet, providing financial stability despite challenging valuation metrics and weak technical trading signals.
More about Tekcapital
Tekcapital plc is a UK-based intellectual property investment company focused on identifying, commercialising and investing in technologies developed by universities and corporate research organisations. Listed on AIM, the company builds value through a portfolio of innovative businesses operating across multiple technology sectors.
Among its investments is a 51% holding in Vesari Inc., which is developing geothermal-powered, behind-the-meter hyperscale AI computing campuses designed to deliver reliable, carbon-free energy for next-generation data centre infrastructure.
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