Geothermal developer Fervo raises $462m with Google backing
Geothermal developer Fervo raised $462 million in financing, with backing from Google.
Counterparts (2)
Sign up free to access full counterpart details, deal analysis, and timeline.
Sign up free →Deal Analysis
- US geothermal developer Fervo secured $462 million in financing.
- Google acted as an investor in the deal, announced 2026-03-06.
- Google has 7 verified deals, including nearly 1.2 GW of carbon-free energy via PPAs.
Source Intelligence
GridAI will deploy its energy orchestration and optimization platform across Amp Z’s planned portfolio of AI data center campuses. The platform will coordinate a range of onsite and grid-connected energy assets, including battery energy storage systems, distributed and on-site generation, renewable integration, and grid interconnection infrastructure. Amp Z is currently developing large-scale, powered campuses intended for hyperscale tenants running AI workloads. GridAI said its role across the campuses would generate recurring operating revenue linked to the performance and dispatch of energy resources deployed at the sites. Amp Z announced plans for a 2.1GW data center in East Texas in February (no year specified). The firm is currently developing three sites with a combined power ramp of 3.8GW and advancing diligence on four additional sites representing another 4.7GW.
"GridAI Technologies, an energy orchestration firm"
"AI data center developer Amp Z"
Timeline
Get the full picture — timeline, source intelligence, and counterpart analysis.
Sign up free →
Global Infrastructure Sherpa