Share price soars 30 percent following IPO
Google-backed enhanced geothermal company Fervo Energy has seen its valuation top $10 billion following its initial public offering on the Nasdaq.
20 Nov 2025
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The Houston-based firm saw its share price increase by more than 30 percent, which pushed it to its current bumper valuation.
Fervo is building its first commercial power plant project in Utah with goals to scale nationwide with the data center…
Fervo Energy's IPO was upsized several times after potential investors asked why the enhanced geothermal startup wasn't raising…
Fervo Energy's IPO could raise $1.8 billion and mark a turning point for geothermal power and the renewable energy industry.
Fervo is developing what promises to be the largest enhanced geothermal power plant in the world.
Fervo is building the world’s largest enhanced geothermal project to deliver clean energy to homes and data centers.
AI and geothermal energy are increasingly linked, with AI driving power demand while also helping improve geothermal production…
Fervo becomes clean energy's biggest-ever IPO with $10B valuation—powered by the earth’s heat and AI’s hunger | Fortune
Geothermal startup Fervo Energy pops 33% in IPO debut fueled by AI data center demand | TechCrunch
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