GeriFervo Energy Surpasses $10 Billion Valuation in Public Debut

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TechCrunch13.05.2026BusinessUnited States

Fervo Energy Surpasses $10 Billion Valuation in Public Debut

geothermal energy AI data centers Fervo Energy

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Fervo Energy, a geothermal energy startup, debuted publicly with a $10 billion valuation, driven by demand for reliable energy for AI data centers.
Its IPO raised $1.89 billion, with stock prices surging 33% on the first day.

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Fervo Energy, a geothermal energy startup, debuted publicly with a $10 billion valuation, driven by demand for reliable energy for AI data centers. Its IPO raised $1.89 billion, with stock prices surging 33% on the first day.

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geothermal energy

KonularAI data centers Fervo Energy IPO

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