Fervo Energy shares rise more than 6% after NVIDIA-backed geothermal AI partnership announcement

Fervo Energy said it will work with NVIDIA and the Pacific Northwest National Laboratory to build EGS-Twin, a digital-twin platform that uses geothermal field data from Utah and Nevada to train AI models, with deployment targeted by 2029. The announcement was made the same day as the company released its first earnings report since going public. Fervo reported Q1 revenue of $61,000, well below the $480,000 analyst estimate, and said its net loss widened to $31.8 million. Even so, investors focused on the NVIDIA collaboration as a signal of technical validation and a potential boost to commercialization momentum.