24-hour uninterrupted supply and zero carbon emissions! This geothermal energy startup has been favored by Alphabet Inc. Class C (GOOGL.US).

Recently popular in the venture capital field, the startup company Fervo Energy - an American geothermal energy startup company, focuses on the commercialization of using the earth's heat for power generation. They successfully raised $462 million from a group of new and existing investors, including tech giant Google, to drive Fervo Energy towards large-scale commercialization. For tech giants like Microsoft, Google, and Amazon who are aggressively building AI data centers worldwide, geothermal energy with 24-hour stable supply, high efficiency, and clean attributes is crucial. They are looking to utilize efficient and clean geothermal energy to power their AI data centers In a statement on Wednesday, Fervo announced that this round of Series E funding was led by Capital B. Other new investors include Google under Alphabet Inc., Tesla co-founder JB Straubel, and Kris Singh, the founder of nuclear energy company Holtec International Corp. Existing investors participating in this round of funding include Bill Gates' investment company Breakthrough Energy Ventures and shale oil producer Devon Energy Corp. Geothermal energy currently accounts for only 0.4% of global electricity capacity, but due to the massive demand for electricity resources from electrification and AI training/inference systems, geothermal energy has been receiving increasing attention. To support the construction of global AI data centers, tech giants like Google urgently need a 24-hour, efficient, and carbon-free energy source. Geothermal energy fits this demand perfectly. Public records show that Fervo is the first startup to commercialize so-called enhanced geothermal systems (EGS), which use fracking technology borrowed from the oil and gas industry to extract heat from deep underground rocks. The company has a commercial pilot project in northern Nevada and has a long-term partnership agreement with Google to provide power to its large AI data centers. Additionally, Fervo is constructing a power supply infrastructure in Utah that will provide up to 500 megawatts of electricity, making it the largest EGS facility in the world. According to a statement from the company, this infrastructure is expected to start delivering up to 100 megawatts of carbon-free clean power to the entire U.S. grid system in 2026. The essence of the global AI competition is the competition for AI computing infrastructure, and the core foundation driving AI computing clusters is a stable and large power supply system. As a result, the power demand of AI data centers is skyrocketing at an unprecedented rate, and AI has become a "power glutton." The massive energy consumption of high-energy AI data centers, which are expanding exponentially in scale alongside demand for AI chips and other computing infrastructure, cannot be separated from the core foundation of power supply. This is also the origin of the market view that "the endpoint of AI is power." Recently, Wall Street financial giant Goldman Sachs raised its forecast of the enormous electricity demand driven by global data centers by 2030, predicting a 175% expansion in electricity consumption compared to 2023 (up from Goldman's previous forecast of +165%), equivalent to adding the electricity resources burden of another "top ten electricity-consuming country" globally. According to Goldman's team of strategy analysts, the ultimate endpoint of large AI models is power - the institution emphasizes that the "power monster" AI will bring an unprecedented global power "super-demand cycle" and a "super bull market" for power stocks. The "clean + stable power supply" characteristics of geothermal energy make it an important logic for tech companies like Google and Microsoft to invest heavily in and purchase renewable energy sources, helping to meet their demand for low-carbon, reliable, and efficient electricity. Unlike CECEP Solar Energy and wind energy infrastructure, geothermal energy is not affected by weather and seasons, providing stable baseload power. Therefore, geothermal power plants can run continuously 24/7, mainly using water heated by underground rocks for power generation, without causing a significant scale of carbon emissions. Geothermal energy comes from the super-hot magma inside the Earth, transferred to the surface through crustal cracks or hot fluids. It is precisely because geothermal energy is the natural release of heat from within the Earth, a heat that will continue for billions of years throughout the Earth's lifecycle. Thus, from the Earth's timeline perspective, geothermal energy is a renewable Earth resource, and geothermal power generation practically emits little to no greenhouse gases such as carbon dioxide during its operation, making it a highly efficient and 24/7 stable clean energy source.