Fervo Energy to Raise Up to $1.3 Billion in IPO, Targeting $6.5 Billion Valuation
Fervo Energy, a geothermal startup, plans to raise up to $1.3 billion in its IPO, with a valuation target of up to $6.5 billion. The company aims to reduce its electricity generation costs to be competitive with natural gas. The IPO follows X-energy's successful $1 billion raise, driven by increased demand for power from tech companies.
Topics: Climate Fervo Energy geothermal energy IPO