10 articles
Alphabet Inc. contracted Fervo Energy to supply up to 396 MW of geothermal power for a Utah data center starting in 2028, with options for nearly 1 GW total capacity by 2030.
Geothermal developer Fervo Energy secured a 396-megawatt power supply agreement with Google, boosting its shares by nearly 14%. The deal includes options to expand capacity to nearly 1 gigawatt by 203
Fervo Energy hit a $10.21 billion valuation after its Nasdaq debut, raising $1.89 billion to expand geothermal projects using advanced drilling. It aims to deliver carbon-free power for AI data center
Geothermal developer Fervo Energy raised $1.89 billion in a US IPO, achieving a $7.7 billion valuation. The company plans to utilize hydraulic fracturing for geothermal power to serve data centers by
Fervo Energy raised $1.89 billion in its upsized U.S. IPO, achieving a $7.66 billion valuation. The capital will fund expanded geothermal projects to meet rising demand for reliable, carbon-free elect
Bill Gates-backed Fervo Energy raised its IPO target to $1.8 billion, leveraging geothermal drilling tech to meet data center power demand. The Houston-based firm plans to list on Nasdaq by May 12 wit
Fervo Energy targets a $7.37 billion valuation in an upsized U.S. IPO driven by AI-induced electricity demand. The geothermal developer uses AI for efficient drilling and has secured partnerships with
Houston-based Fervo Energy targets a $6.5 billion valuation in its US IPO, aiming to raise $1.3 billion through advanced geothermal power generation technology.
Fervo Energy targets a $1.33 billion US IPO to expand geothermal capacity using oil and gas drilling tech, supported by major investors like Bill Gates and Google to meet rising data center power dema
Fervo Energy filed for an IPO disclosing wider losses while planning to launch its 500-megawatt Cape Station geothermal project in Utah later this year. The offering follows a $462 million Series E fu
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