{"data":{"id":1652,"lang":"en","title":"Fervo Energy Pops 33% in Nasdaq Debut to $10 Billion Valuation, Biggest Clean Energy IPO Ever as AI Data Centers Drive Geothermal Demand","summary":"Fervo Energy jumped 33% on its Nasdaq debut to a $10 billion market cap, the biggest clean energy IPO ever, as AI data center power demand drives investor appetite for geothermal.","category":"business","category_label":"Business","published_at":"2026-05-15T10:01:03Z","updated_at":"2026-05-15T10:01:03Z","url":"https://techtools.cz/tools/news/article/1652-fervo-energy-pops-33-in-nasdaq-debut-to-10-billion-valuation-biggest-clean","api_url":"https://techtools.cz/news-api/v1/articles/1652?lang=en","markdown_url":"https://techtools.cz/news-api/v1/articles/1652.md?lang=en","image_url":"https://techcrunch.com/wp-content/uploads/2026/05/GettyImages-2275460528.jpeg?w=1024","word_count":164,"reading_time_minutes":1,"sources":[{"url":"https://techcrunch.com/2026/05/13/geothermal-startup-fervo-energy-pops-33-in-ipo-debut-fueled-by-ai-data-center-demand/","domain":"techcrunch.com"},{"url":"https://fortune.com/2026/05/14/fervo-clean-energy-biggest-ipo-10b-valuation-powered-earths-heat-ai-hunger/","domain":"fortune.com"},{"url":"https://www.investing.com/news/stock-market-news/fervo-energy-valued-at-1021-billion-as-shares-rise-in-nasdaq-debut-4685699","domain":"investing.com"}],"translation":{"lang":"cs","id":1725,"title":"Akcie Fervo Energy vyletěly na Nasdaqu o 33 % a firma má hodnotu 10 miliard dolarů, jde o největší IPO čisté energie v historii, geotermální poptávku žene AI","url":"https://techtools.cz/tools/news/clanek/1725-akcie-fervo-energy-vyletely-na-nasdaqu-o-33-a-firma-ma-hodnotu-10-miliard","api_url":"https://techtools.cz/news-api/v1/articles/1725?lang=cs"},"content":"Geothermal startup Fervo Energy surged 33% on its Nasdaq debut on May 13, lifting its market capitalization above $10 billion and making it the largest clean energy IPO in history. The Bill Gates-backed Houston company priced shares at $27 the prior evening, raising $1.89 billion at an initial valuation of $7.6 billion, then opened at $36 under the ticker FRVO.\n\nThe rally was driven by AI data center operators scrambling for round-the-clock electricity. Fervo already supplies a 115-megawatt pilot to Google in Nevada and is building Cape Station in Utah, a 500-megawatt plant permitted for up to 2 gigawatts of expansion. Senior VP of Strategy Sarah Jewett said the company is \"repeating the playbook from the shale energy industry but with the answer key,\" pointing to a two-thirds reduction in drilling cost per foot after 14 wells.\n\nFervo's debut underscores how the AI boom is reshaping power markets, with hyperscalers willing to pay premiums for firm, low-carbon baseload that solar and wind cannot match."}}