Fervo Energy Plans Up To $1.3 Billion IPO
Geothermal energy startup Fervo Energy plans to raise up to $1.3 billion in its initial public offering (IPO), with a valuation of up to $6.5 billion if shares sell at the top end of its price target range ($21–$24). The IPO follows X-energy's successful nuclear power IPO and is driven by increased demand for electricity from tech companies, particularly AI data centers.
Topics: geothermal energy IPO startup funding