Geothermal developer Fervo Energy experienced a successful IPO on the Nasdaq, raising $1.89 billion and seeing a 35 percent increase in shares. Utilizing techniques from oil and gas fields, the company generates carbon-free electricity by tapping into heat beneath the Earth's surface. With a market valuation exceeding $10 billion and strong demand from investors, Fervo's success reflects confidence from Wall Street and clean energy enthusiasts. The company's target share price was raised due to high investor interest, attracting support from companies like Google and Liberty Energy.
https://www.eenews.net/articles/fervo-raises-1-9b-in-major-boost-for-geothermal/