Innio, a gas engine and power generation equipment maker, is targeting a $2 billion initial public offering as AI data center electricity demand drives a surge in orders for distributed power solutions. The company has positioned itself as a supplier to data center developers seeking on-site generation capacity to bypass constrained utility grids. The IPO filing reflects how energy infrastructure companies are capitalizing on the AI buildout beyond traditional utility stocks. Timing and exchange listing details have not been finalized.