Google Just Locked Up the Largest Geothermal Power Deal Ever Made.
Google is going big after geothermal power amid the AI data center boom, and Fervo is its first choice. Here's why.
Overview
Fervo Energy (NASDAQ:FRVO), a young company that went public only in May 2026, just signed a massive geothermal deal with Google, owned by Alphabet (NASDAQ:GOOGL)(NASDAQ:GOOG), to supply power to a data center in Utah. Fervo shares popped over 25% in Tuesday's trading after the big announcement.
Fervo describes it as the world's largest "enhanced" geothermal power purchase agreement ever signed.
Details
Although other companies have run bigger geothermal operations for decades, they tap naturally occurring steam reservoirs.
Source
Originally published at www.fool.com.
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