STAK Inc. reported that it has entered into a memorandum of understanding to establish a U.S. subsidiary in which the company will hold a 60% equity interest. The move, aimed at addressing rising power needs for AI computing infrastructure, prompted a roughly 20% rise in STAK stock during after-hours trading on Monday.
The planned subsidiary will be incorporated in Delaware with operational activities based in Texas. Its primary focus will be the development and commercialization of modular gas-to-electric power generation systems built around a standard container footprint. The flagship unit is designed to produce up to 1.4 megawatts of electrical output and can be scaled from single commercial facilities up to large AI data center campuses.
STAK described the technology as compatible with multiple gaseous fuel inputs, including natural gas and associated gas. As part of its path to market, the subsidiary intends to pursue required U.S. Environmental Protection Agency certifications and state-level environmental permits. The company noted that commercial deployment depends on obtaining these regulatory approvals and permits.
The formation of the subsidiary remains contingent on reaching definitive agreements and satisfying customary closing conditions. STAK will manage the unit’s sales, branding, and capital markets work, and will consolidate the subsidiary’s financial results into its own statements. Subject to regulatory clearances, the company said it expects initial commercial deployments to begin in the near term.
STAK currently operates in the oilfield equipment sector, specializing in research and development, manufacturing, and the sale of industry-specific production and maintenance equipment. The company framed the new initiative as a response to growing electricity demand stemming from expansion of AI computing infrastructure, positioning the modular systems as an option for energy-intensive applications across North America.
Summary: STAK has signed an MOU to form a Delaware-incorporated, Texas-operated subsidiary to develop containerized gas-to-electric generation systems for AI data centers and other heavy energy users. STAK will hold a 60% stake, oversee commercial and capital markets activities, and consolidate financials, with deployment timing dependent on regulatory approvals. The announcement drove a 20% after-hours jump in the stock.