How geothermal energy could power AI data centers

• Fervo Energy's stock (FRVO) opened at $36 and is up over 34% on its Nasdaq debut, having raised $1.89 billion with a $10.21 billion valuation.
• The company utilizes horizontal drilling and multi-stage hydraulic fracturing to access geothermal energy, making it a 'serious player' in clean, firm power.
• Fervo aims to meet the 'insatiable appetite' for electricity from AI data centers, with Google as its first customer, and also partners with utilities like Southern California Edison.

Fervo Energy (FRVO) successfully debuted on Nasdaq, with its stock surging over 34%. The company, backed by Bill Gates and partnered with Google, is pioneering advanced geothermal technology to provide 24/7 carbon-free energy, specifically targeting the growing power demands of AI data centers and utilities.