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thenextweb
Fervo signs 396MW geothermal deal with Google for 2028 start

Alphabet has contracted up to 396MW of geothermal power from Fervo Energy for a prospective Utah data centre from 2028, with an option on another 600MW by 2030 that would take the order close to a gigawatt. The European Union had about 1GW of net geothermal electricity capacity in total in 2022, and geothermal supplied […]<br /> This story continues at The Next Web [...]

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Destination
Why do AI data centers use so many resources?

With the AI boom, construction of new data centers has skyrocketed, and not without consequence — some communities that count these facilities as neighbors are now facing water shortages and straine [...]

Match Score: 114.22

Destination
Meta is helping to fund geothermal energy projects in New Mexico

Meta has entered into an agreement with XGS Energy to develop "next-generation geothermal energy" projects in New Mexico. The plan is for these projects to connect directly into the electric [...]

Match Score: 107.86

thenextweb
Bill Gates’s backed Fervo Energy raises IPO target to $1.82bn on $7.4bn

The geothermal developer increased its share count by 26% and its top-of-range price by about 8% in an SEC filing on Monday. The revision points to the demand for clean baseload power that AI data-cen [...]

Match Score: 89.75

thenextweb
Fervo Energy launches $1.33bn IPO, the largest climate-tech listing of 2026

On Monday, Fervo Energy formally launched its IPO roadshow, offering 55,555,555 shares of Class A common stock at an indicated range of $21 to $24 each. At the high end of the range, the geothermal-en [...]

Match Score: 84.05

qz
Google is buying nearly 400 megawatts of geothermal power from Fervo Energy for a Utah data center

The agreement, described as the largest enhanced geothermal power purchase deal on record, includes an option for Google to expand its offtake to nearly 1 GW [...]

Match Score: 62.50

thenextweb
A 60-year-old geothermal company just became an AI infrastructure play

Ormat, a geothermal company founded six decades ago, has signed a power purchase agreement with Google for up to 150MW in Nevada and is running enhanced geothermal pilots with Sage Geosystems and SLB. [...]

Match Score: 52.18

thenextweb
This robot worm digs for geothermal energy in your backyard

Four billion years ago, Earth was a fiery, tumultuous world of molten rock, volcanic eruptions, and toxic skies, with searing heat and the constant threat of asteroid impacts. Thankfully, our planet h [...]

Match Score: 51.16

thenextweb
Can geothermal startups drill Europe to clean energy independence?

In the wooded hills south of Munich, Germany, engineers are drilling 8 km down in a bid to harvest limitless clean energy from Earth’s molten, radioactive core. The project could offer a blueprint f [...]

Match Score: 51.16

qz
Bill Gates-backed Fervo Energy stock surges 35% on Nasdaq debut after raising $1.89 billion in upsized IPO

The geothermal startup's market valuation surpassed $10 billion after it raised $1.89 billion, pricing above its marketed range [...]

Match Score: 49.99