Fervo Energy (Nasdaq: FRVO), NVIDIA, and Pacific Northwest National Laboratory are collaborating on EGS-Twin, a digital twin platform for Enhanced Geothermal Systems. The system will combine real-time field data, physics-based models, and AI forecasting to optimize geothermal performance and support 24/7 carbon-free power.
PNNL will train scalable AI models using Fervo’s Nevada and Utah field data on NVIDIA AI infrastructure and DOE supercomputers, targeting platform implementation by 2029.
Fervo Energy (NASDAQ: FRVO) will release its first quarter 2026 financial and operational results before the market opens on Monday, June 22, 2026. Management will discuss the results on a webcast and conference call at 10:00 a.m. ET (9:00 a.m. CT), accessible via the investor relations website.
Fervo Energy (Nasdaq: FRVO) promoted Sarah Jewett to the new role of Chief Operating Officer, centralizing core corporate operations to support faster, more disciplined scaling of next-generation geothermal projects.
According to Fervo Energy, Jewett’s mandate includes coordinating supply chain, land, permitting, policy, and people as the company deploys its GeoBlockTM and GeoClusterTM EGS model.
Fervo Energy (Nasdaq: FRVO) priced its upsized IPO of 70,000,000 Class A shares at $27.00 per share. This reflects an increase of 14,444,445 shares from the original 55,555,555-share plan.
Underwriters have a 30-day option for up to 10,500,000 additional shares. Trading is expected to begin on May 13, 2026, with closing anticipated on May 14, 2026, subject to customary conditions.
Fervo Energy (Nasdaq: FRVO) announced an upsized proposed IPO of its Class A common stock. The company now plans to offer 70,000,000 shares at an expected price range of $25.00–$26.00 per share, plus a 30-day underwriter option for 10,500,000 additional shares.
Fervo has applied to list on Nasdaq under ticker FRVO, and the registration statement filed with the SEC is not yet effective.