I downloaded the Forge Server Installer and installed the server to my root directory, then I tried to launch the server and got nothing but a log file, it did not even generate the files. This is all that is in the log files, I am running the latest Java 8 version and JDK 17 version (Adoptium Temurin 17 LTS).
// Debug.txt
[28Jan2022 17:09:25.344] [main/INFO] [cpw.mods.modlauncher.Launcher/MODLAUNCHER]: ModLauncher running: args [--gameDir, ., --launchTarget, fmlserver, --fml.forgeVersion, 36.2.23, --fml.mcpVersion, 20210115.111550, --fml.mcVersion, 1.16.5, --fml.forgeGroup, net.minecraftforge]
[28Jan2022 17:09:25.346] [main/INFO] [cpw.mods.modlauncher.Launcher/MODLAUNCHER]: ModLauncher 8.0.9+86+master.3cf110c starting: java version 17.0.2 by Eclipse Adoptium
[28Jan2022 17:09:25.354] [main/DEBUG] [cpw.mods.modlauncher.LaunchServiceHandler/MODLAUNCHER]: Found launch services [minecraft,testharness,fmlclient,fmlserver]
// Latest.txt
[28Jan2022 17:09:25.344] [main/INFO] [cpw.mods.modlauncher.Launcher/MODLAUNCHER]: ModLauncher running: args [--gameDir, ., --launchTarget, fmlserver, --fml.forgeVersion, 36.2.23, --fml.mcpVersion, 20210115.111550, --fml.mcVersion, 1.16.5, --fml.forgeGroup, net.minecraftforge]
[28Jan2022 17:09:25.346] [main/INFO] [cpw.mods.modlauncher.Launcher/MODLAUNCHER]: ModLauncher 8.0.9+86+master.3cf110c starting: java version 17.0.2 by Eclipse Adoptium