Fervo becomes clean energy’s biggest-ever IPO with $10B valuation—powered by the earth’s heat and AI’s hunger
- Posted on May 14, 2026
- By Fortune
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- 1 min read
Fervo becomes clean energy’s biggest-ever IPO with $10B valuation—powered by the earth’s heat and AI’s hunger
Fervo is building its first commercial power plant project in Utah with goals to scale nationwide with the data center construction wave.