US Stock Movers | Geothermal Power Generation Surges with AI Computing Boom, Fervo Energy (FRVO.US) Rises Over 7%

智通财经APP has learned that on Thursday, Fervo Energy (FRVO.US) shares opened 7% higher, with intraday gains exceeding 12% at the peak, before narrowing to 7% at the time of writing. In terms of news, this geothermal-focused company’s Cape Station geothermal development project in Utah achieved its first power generation. The company stated that this marks the first time a utility-scale enhanced geothermal development project has reached this milestone globally. As AI computing power drives higher demands for stable power supplies, tech giants such as Google, Amazon, and Meta have recently increased their investment in diversified clean energy supplies. Fervo Energy has signed a major power purchase agreement with Google under Alphabet, planning to build its Utah project into the world’s largest enhanced geothermal power generation facility.