Fervo Energy’s $1.3 Billion IPO Signals a Geothermal Breakthrough
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The Fervo Energy geothermal startup announced on Monday that it plans to reach a valuation of up to $6.5 billion in its initial public offer (OPV) in the United States, taking advantage of the renewed interest of investors in the energy sector in the face of the rapid growth of artificial intelligence data centers. The company, based in Houston, plans to raise up to $1.3 billion through the offer of 55.6 million shares with a price of between 21…
Fervo Energy’s $1.3 Billion IPO Signals a Geothermal Breakthrough
Geothermal energy is moving into the spotlight. Fervo Energy, a U.S. geothermal developer backed by major investors including Google, is preparing to raise up to $1.33 billion in one of the biggest clean energy initial public offerings (IPOs) of 2026. The company is targeting a valuation of as much as $6.5 billion as demand for reliable carbon-free electricity rises rapidly.The planned public offering comes at a time when electricity markets are…
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