At least one major AI data center operator signs geothermal PPA by 2026

AI data centers require reliable, sustainable energy sources. Fervo's IPO success and surging demand signal strong interest from energy providers. A major AI data center operator (e.g., Microsoft, Google, Meta) is likely to sign a power purchase agreement (PPA) with Fervo or another enhanced geothermal provider by the end of 2026.

Implied probability (Yes)

55%