Economic Times2 September 2026

AI data centre demand fuels Fervo Energy’s geothermal growth story

AI data centre demand fuels Fervo Energy’s geothermal growth story

Fervo Energy shares surged after the geothermal power developer signed a 396 MW power purchase agreement with Google for its Cape Station project in Utah. The deal, which could expand to nearly 1 GW, boosts Fervo's growth prospects as AI data centres drive demand for reliable cle

Fervo Energy shares surged after the geothermal power developer signed a 396 MW power purchase agreement with Google for its Cape Station project in Utah. The deal, which could expand to nearly 1 GW, boosts Fervo's growth prospects as AI data centres drive demand for reliable clean power.

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