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Fervo Energy
L0 · Energy & Power
power developersstartuppublicgrowth
Fervo develops advanced geothermal projects that can provide constant, carbon-free electricity. Investors have explicitly tied its IPO momentum to surging AI data-center power demand and the need for new firm generation.
Ecosystem functionFervo is the geothermal bellwether for AI-era power demand, with more financing scale and market visibility than smaller geothermal peers.
Business modelDevelop geothermal power plants
Revenue—
Valuation$10.21Breported
Last round$1.89B2026
Sources · 5 ↓
- https://fervoenergy.com/
- https://www.reuters.com/business/energy/fervo-energy-eyes-65-billion-valuation-us-ipo-2026-05-04/
- https://www.reuters.com/business/energy/fervo-energy-valued-1021-billion-shares-rise-nasdaq-debut-2026-05-13/
- https://enkiai.com/geothermal/fervo-enhanced-geothermal-google/
- https://energy.media/energy-deals/fervo-energy-valued-at-10-billion/
Suggest an editLast verified 2026-07-22