Fervo Energy

May 17, 2026

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Hill County Wants State Rules. Smart Developers Will Help Write Them.

The opportunity sits with developers locking generation before the queue: Fervo Energy's $10 billion IPO valuation and Google's 100 MW Nevada offtake validate the anchor-tenant geothermal model, while NANO Nuclear's non-binding MoU with Super Micro for 15 MW KRONOS microreactors signals where hyperscale power procurement is heading.

May 16, 2026

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Beacon Point Sets the 1-GW Template While 300 GW Wait in Queue

NANO Nuclear and Supermicro signed a May 6 MOU on integrated reactor-plus-rack architecture, Terrestrial Energy and Riot Platforms are evaluating IMSR-powered campuses (Riot operates in Texas), and Fervo Energy's $1.89 billion IPO priced enhanced geothermal at a $10.2 billion day-one valuation.

May 15, 2026

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Behind-the-Meter Gas Is the New Default. Chevron Just Set the Texas Template.

Fervo Energy's $1.89 billion IPO valued the geothermal developer above $10 billion, with 658 MW of binding PPAs (Google, SCE, Shell) and Google holding a right-of-first-refusal on 3 GW of pipeline.

May 14, 2026

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Hill County Draws the Line. Eight Projects Now Wait a Year.

Fervo Energy's $1.89 billion IPO popped 35% on debut, valuing the Houston-based geothermal developer above $10 billion, with Cape Station in Utah permitted for up to 2 GW.

April 1, 2026

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Utilities Waited. SoftBank, Google, and the Army Didn't.

Fervo Energy's Cape Station, a 500 MW EGS project in Utah, comes online in June as the first large-scale commercial enhanced geothermal system in the U.S.

February 13, 2026

The IPO joins filings from Fervo Energy and Forgent Power.

February 7, 2026

Fervo Energy's looming IPO is set to become geothermal's most consequential market test, with implications rippling across the $1 billion+ next-gen geothermal sector and directly into datacenter power procurement.