Tech giants turn to underground for power growth! Fervo's (FRVO.US) new geothermal project generates power for the first time, adding a key piece to Google's "AI ambitions"

Zhito Finance APP has learned that Fervo Energy (FRVO.US) shares surged more than 14% in pre-market trading on Thursday before the U.S. market open, after the geothermal-focused company achieved first power generation at its Cape Station geothermal development project in Utah. The company said this is the first time a utility-scale enhanced geothermal development project globally has reached this milestone. Recently, tech giants such as Google, Amazon, and Meta have stepped up their clean energy investments, with the core logic being that this kind of stable power supplybased on zero carbon emissions and energy sources beyond recently highly volatile oil and gas resourcesis becoming a solid foundation for the capital efficiency of AI computing power.