HOUSTON, June  22, 2026  (GLOBE NEWSWIRE) -- Fervo Energy (NASDAQ:FRVO), the global pioneer of next-generation geothermal energy, NVIDIA, and Pacific Northwest National Laboratory (PNNL) today announced an agreement to

FRVO

Fervo Energy and PNNL Leverage AI and NVIDIA Accelerated Computing for New Digital Twin Platform Designed to Advance Geothermal Development

Fervo, NVIDIA and PNNL to Build EGS-Twin Digital Twin for Geothermal by 2029

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>HOUSTON, June  22, 2026  (GLOBE NEWSWIRE) -- Fervo Energy (NASDAQ:FRVO), the global pioneer of next-generation geothermal energy, NVIDIA, and Pacific Northwest National Laboratory (PNNL) today announced an agreement to</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Fervo Energy has teamed with NVIDIA and PNNL to create EGS-Twin, a digital twin platform for Enhanced Geothermal Systems that combines high-fidelity physics models with AI forecasting. Trained on field data from Nevada and Utah and run on DOE-supported HPC, the platform targets implementation by 2029 and could improve reservoir management, heat recovery and system reliability, potentially expanding Fervo’s scale and appeal to customers.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Fervo, NVIDIA, PNNL to develop EGS-Twin platform. Real-time subsurface insights via physics-based modeling and AI.</li><li>AI-powered forecasting on NVIDIA infrastructure; training starts with Nevada/Utah data. Omniverse integration planned.</li><li>Implementation targeted by 2029; PNNL to run large-scale simulations. DOE HPC resources support the effort.</li><li>Fervo aims GeoBlock scaling; collaboration supports 24/7 carbon-free power. Could boost uptime and heat recovery.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Fervo Energy (FRVO)</strong>: Primary beneficiary; collaboration could bolster future project economics and credibility.</li><li><strong>NVIDIA (NVDA)</strong>: Provides AI infrastructure and Omniverse technology for EGS-Twin integration.</li><li><strong>Pacific Northwest National Laboratory (N/A)</strong>: Research partner; adds credibility and data-pipeline capabilities via HPC resources.</li></ul>
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  <section data-block="category">
    <h3>Industry News</h3>
    <p>Industry News: highlights cross-sector collaboration between a geothermal developer, a tech AI leader, and a national lab, signaling potential long-term tech-driven efficiency gains for FRVO.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Strategic collaboration may extend FRVO&#039;s geothermal tech leadership.</li><li>2029 implementation timeline provides long-term visibility with limited near-term upside.</li><li>NVIDIA&#039;s involvement highlights AI-enabled efficiency with potential multi-year upside.</li><li>Access to DOE HPC data could improve project economics over time.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Announcement date: June 22, 2026.</li><li>Parties: Fervo Energy, NVIDIA, PNNL.</li><li>Platform name: EGS-Twin.</li><li>Implementation by: 2029.</li><li>PNNL to use DOE supercomputing resources for workflows.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Long FRVO on 2029 rollout and AI-geothermal leadership, with incremental upside as the platform matures.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="left">HOUSTON, June  22, 2026  (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=odDYqoR485nw5mzdYP8H3iudn3rdq-iaeGMDwdV8YyxZ_kW9kK_QkgASvHxA6Mm--C_sjYA3ksaJPMl5Ip0pIw==" rel="nofollow" target="_blank"><u>Fervo Energy</u></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FRVO">FRVO</a>), the global pioneer of next-generation geothermal energy, NVIDIA, and Pacific Northwest National Laboratory (PNNL) today announced an agreement to develop a next-generation digital twin platform for Enhanced Geothermal Systems (EGS) technology, known as EGS-Twin.</p>  <p>EGS-Twin is designed to deliver real-time insight into subsurface behavior and operational performance through the integration of high-resolution field data with physics-based modeling and AI-driven forecasting. To build EGS-Twin, PNNL researchers will use Fervo’s industry expertise and field data to train scalable AI models on NVIDIA AI infrastructure. The trained AI models will then be integrated into the <a href="https://www.globenewswire.com/Tracker?data=tJsDAusTSxD44YGdeIE58TNQzlPYTZ-awiAYI_A602OI1vMA5DMEfm_oLG4_oJBpSrkZRNPl3fUwST4hc5od_md8yNMZq5LCr3_eRv-nR25rh-RuYyEp3c4p4qGb4N3q" rel="nofollow" target="_blank"><u>NVIDIA Omniverse libraries</u></a>, helping geothermal operators more quickly identify and respond to subsurface changes, optimize power generation, and strengthen the scalability of enhanced geothermal systems.</p>  <p>"We believe that digital twins will expedite the learning curve for geothermal development as we build and operate our GeoBlock assets," said Fervo&#39;s CTO and co-founder, Jack Norbeck. "Integrating high-fidelity physics-based models with AI-driven forecasting has the potential to reshape reservoir management, improve heat recovery, and enhance system reliability." </p>  <p>PNNL will develop the workflows and data pipelines, leveraging high-performance computing, including U.S. Department of Energy supercomputing resources, to run large-scale simulations. Using currently available proprietary field data from Fervo’s Nevada and Utah sites, the PNNL team will begin training the digital twin immediately and continue refining the platform as additional production data comes online, with the platform scheduled for implementation by 2029.</p>  <p>Supporting the deployment of 24/7 carbon-free power to meet growing global energy demand, this collaboration represents a major step toward integrating AI and advanced computing into clean energy. To learn more, please visit <a href="https://www.globenewswire.com/Tracker?data=WMdRCWf4G6isOonEWyHZEZ4qdMs5BYq8vDFzgsDzk98V-GxrdBm3EKgQ3QH2-6tFLsSYUa9Te1AksLZQ-ZK_4RgtySBzRuiRKa6AZygtbQrV2r__WT0YD7QPAXJ-8F4V4E5zVaGMbk8Ld2VFL7BdLQgs2c_TqovXgDWjpnUeHiIoh7aXFQxS2O3wWVG-IFpFRp3KL9hZWudsr_2ZPutQ_g==" rel="nofollow" target="_blank">www.pnnl.gov. </a></p>  <p><strong>About Fervo Energy</strong> </p>  <p>Fervo Energy is a modern power company built around one of the market’s most important needs: affordable, dependable new power supply. Through the large-scale deployment of enhanced geothermal systems, Fervo has established a repeatable, industrial approach to building utility-scale power. The company is transforming geothermal into a clean, reliable, cost-competitive solution designed to meet rising demand from AI hyperscalers, utilities, and a more electricity-intensive economy. For more information, visit <a href="https://www.globenewswire.com/Tracker?data=ooxZ-hffE2rhbrMK-10zZObk-mgRxyf87o9r4gVMNkx50rgPKg-rbXKfLyw3Otktfzh0Lgool4oY6UAmAEmUsHP4z2hp_d1f2tqk6Cgb2K3eK5l_wDRHAUP9ezP8fW1vBFRgKlYh2Hzs2VjDNIihtigfSWleZ6EvF55VeGMfcKIQzToDTS72LRMcHtyeymQeHMxqqlRkI9cq1N_GSyfLo3D1GctunTezp8kflTer-j6hrl5QhrnKntRg4RW4VMiK7oCptyyNy0jDf_US9QmZ-w==" rel="nofollow" target="_blank"><u>www.fervoenergy.com</u></a>.</p>  <p><strong>Forward-Looking Statements </strong></p>  <p>This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, are forward-looking statements. When used in this press release, the words "aim," "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "model," "outlook," "plan," "positioned," "potential," "predict," "project," "seek," "should," "target," "will," "would," and similar expressions (including the negative of such terms) are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Although Fervo believes that the expectations and assumptions reflected in its forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond Fervo’s control. Accordingly, forward-looking statements are not guarantees of future performance, and Fervo’s actual outcomes could differ materially from what Fervo has expressed in its forward-looking statements.</p>  <p>Factors that could cause the outcomes to differ materially include (but are not limited to) the following: risks related to expanding our geothermal operations and accessing new markets; challenges in maintaining compliance with extensive environmental regulations and permitting requirements; uncertainties in forecasting future operational results and growth due to economic conditions and market demand; compliance with environmental regulations and climate change initiatives impacting operational costs; inherent risks in the geothermal industry, including potential operational disruptions and associated liabilities; the influence of consumer preferences, government policies, and competition on the demand for geothermal energy; risks associated with fluctuations in energy prices and material costs; dependence on a complex supply chain and successful maintenance of our geothermal infrastructure; financial performance influenced by fluctuations in interest rates, capital availability, and other market conditions; capacity actually constructed or for which we enter power purchase agreements under non-binding agreements, like the Geothermal Framework Agreement; exposure to legal proceedings and claims arising from our business operations; protecting our brand reputation and facing potential negative public perception; negative public perception and political opposition impacting our ability to secure regulatory approvals and market acceptance; the successful and timely execution of our growth strategy, with risks of delays or failures; reliance on key personnel and the potential impact of labor costs and workforce challenges; heavy reliance on technology systems and potential cybersecurity threats; global economic and political conditions affecting our operations, supply chain, and customer demand; the risk that our estimates of capacity potential and heat initially in place are inaccurate or that we are unable to produce quantities of electrical energy commensurate with such estimates; and other risks and uncertainties, including those set forth under "Risk Factors" in Fervo’s Registration Statement on Form S-1/A, filed with the Securities and Exchange Commission on May 11, 2026.</p>  <p>In light of these factors, the events anticipated by Fervo’s forward-looking statements may not occur at the time anticipated or at all. Moreover, Fervo operates in a very competitive and rapidly changing environment, and new risks emerge from time to time. Fervo cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements. All forward-looking statements speak only as of the date of this press release or, if earlier, as of the date they were made. Fervo does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law.</p>  <p><strong>Contact</strong>  <br></br>V2 Communications for Fervo Energy  <br></br><u><a href="https://www.globenewswire.com/Tracker?data=jkWwl-2UdGTyXNUFt32zKtuOie_a230UvEwvqmSThQF148o9G5s5Atu8YXHklAyJZ-lhfw2kNf0X9MQVuoUKZ99vX8H_QfK7XYAGW2cmZwg=" rel="nofollow" target="_blank">fervo@v2comms.com</a></u></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc1MDE2MiM3NjY5OTA1IzIzMTAyNDE="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NDMwMDg1ODMtMjY3Ni00NWVlLTk2NzEtZTcwMjk5YmJlMmMxLTEzMjE3OTEtMjAyNi0wNi0yMi1lbg==/tiny/Fervo-Energy-Company.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/2a1a4ca6-1fa7-4a9a-82c2-eee94b57f31a"><img src="https://ml.globenewswire.com/media/2a1a4ca6-1fa7-4a9a-82c2-eee94b57f31a/small/fervo-logo-primary-png.png" border="0" width="150" height="33" alt="Primary Logo"></img></a></p>

Fervo Energy has teamed with NVIDIA and PNNL to create EGS-Twin, a digital twin platform for Enhanced Geothermal Systems that combines high-fidelity physics models with AI forecasting. Trained on field data from Nevada and Utah and run on DOE-supported HPC, the platform targets implementation by 2029 and could improve reservoir management, heat recovery and system reliability, potentially expanding Fervo’s scale and appeal to customers.

Fervo Energy and PNNL Leverage AI and NVIDIA Accelerated Computing for New Digital Twin Platform Designed to Advance Geothermal Development

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