Camas-based Invest Green Enterprises raises $172.5M in IPO

“We see this as a natural progression,” he said.

An Oregon-based advanced nuclear small modular reactor technology company, NuScale Power, merged with a special purpose acquisition company in 2022, taking it public. NuScale, which trades on the New York Stock Exchange as SMR, is now worth around $6 billion.

McLean is hoping Invest Green will be able to boost a similar kind of clean energy company to power the projected skyrocketing demand for electricity.

“The amount of electricity that this AI-data center boom is going to require is more than twice the amount of electricity currently produced in the U.S.,” McLean said, citing a report from global consulting firm McKinsey & Company.

Data centers need energy that can be delivered where they are, McLean said. His company sees renewable energy projects as the perfect solution.