Fervo Energy’s market capitalization amid AI data center power demand 124billion dollars
As power demand from AI data centers grows, investor interest in geothermal energy companies is increasing. Since its Nasdaq listing, Fervo Energy’s share price has risen above its IPO price, and its market capitalization is around 124billion dollars.
As power demand from large AI-based data centers rises sharply, geothermal energy companies are attracting greater attention. Several energy startups are drawing market interest on expectations that they will supply power to AI hyperscalers.
Fervo Energy is a company that uses hydraulic fracturing (fracking) technology to generate geothermal energy. The company listed on Nasdaq on 5 in 13.
At the time of its listing, Fervo’s share price was up about 35%. Its current market capitalization is around 124 billion dollars.
Fervo's Utah 'Cape Station' project is scheduled to begin supplying power in 10month 1day, with plans to start supplying power by then.72The company signed contracts worth about billion dollars with Google, Shell and NV Energy through power purchase agreements (PPAs, contracts to buy electricity).
Nuclear startups 2030are targeting commercialization by . However, many small modular reactors (SMRs) have yet to receive final design certification from regulators. Geothermal power is also reported to be less affected by weather than solar and wind, 24with the ability to provide baseload power around the clock.
Sources: 뉴시스 경제
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