Nancy Pelosi Makes Massive Bet On AI’s Energy Boom

Former House Speaker Nancy Pelosi’s family invested millions of dollars in an energy company positioned to profit from the artificial intelligence industry’s surging demand for electricity, according to a congressional financial disclosure.

Pelosi’s husband, Paul Pelosi, purchased 15,000 shares of Bloom Energy and 200 call options through accounts he owns, according to a transaction report Nancy Pelosi signed Aug. 21, Barron’s reported. The San Jose, California-based company manufactures fuel-cell systems capable of supplying on-site electricity to data centers and other power-hungry facilities.

The disclosure lists a July 24 purchase of 10,000 Bloom shares valued between $1 million and $5 million, along with 100 call options valued within the same range. Paul Pelosi purchased another 5,000 shares valued between $500,000 and $1 million on July 28, as well as another 100 call options valued between $1 million and $5 million, according to Barron’s.

“Speaker Pelosi does not own any stocks and has no knowledge or subsequent involvement in any transactions,” Pelosi’s office told Barron’s in response to the latest disclosure.

Pelosi has denied allegations that she used information obtained through public office to benefit from stock transactions. Her office previously told the Daily Caller News Foundation that Pelosi “does not own any stocks” and “has no prior knowledge or subsequent involvement in any transactions” conducted by her husband.