Google Just Locked Up the Largest Geothermal Power Deal Ever Made.
Fervo Energy (FRVO) signed a 396 MW geothermal power deal with Google (GOOGL, GOOG) for a Utah data center, with an option to expand to 1 GW. Fervo shares rose 28.41% on the news. The agreement highlights the need for reliable, clean energy for AI data centers. Fervo reported a Q2 net loss of $55.9M and plans significant capex. The deal adds to Fervo's $7.2B revenue backlog.






