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Fervo Energy Eyes $6.5 Billion Valuation in US IPO

The geothermal startup said it aims to capitalize on surging electricity demand from AI data centers after X-energy raised $1 billion in an upsized IPO.

Summary by CTV News
Fervo ‌Energy said on Monday it was targeting a valuation of up to US$6.5 billion in its ​initial public offering ​in ‌the United States.

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CTV News broke the news in Canada on Monday, May 4, 2026.
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