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Geothermal startup Fervo Energy pops 33% in IPO debut fueled by AI data center demand

Fervo Energy's IPO was upsized several times after potential investors asked why the enhanced geothermal startup wasn't raising more money.

ClimateFervo Energygeothermalgeothermal energyIPO
TechCrunch May 13, 2026, 17:42 UTC
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Geothermal startup Fervo Energy to raise up to $1.3B in IPO

Enhanced geothermal startup Fervo Energy’s IPO could value the company at up to $6.5 billion.

ClimateFervo Energygeothermal energyIPO
TechCrunch May 5, 2026, 00:13 UTC

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