Geothermal startup Fervo Energy pops 33% in IPO debut fueled by AI data center demand | TechCrunch

Fervo Energy, the geothermal energy startup, saw its market valuation surpass $10 billion in its public market debut, an increase driven by demand for AI data centers — and the energy that can power them. Fervo had raised $1.89 billion in an upsized initial public offering on Wednesday, which initially valued the company at around […] The post Geothermal startup Fervo Energy pops 33% in IPO debut fueled by AI data center demand | TechCrunch appeared first on NYT News Today .