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Fervo Energy Eyes $1.3B Nasdaq IPO, Valuing Geothermal Startup at Up to $6.5B

GateNews
Stocks

According to TechCrunch, Fervo Energy, a US geothermal power startup, plans to raise up to $1.3 billion in a Nasdaq IPO that could value the company at as much as $6.5 billion. The company set a price range of $21 to $24 per share and will trade under the ticker FRVO. Fervo’s Cape Station project in Utah is designed to generate electricity at approximately $7,000 per kilowatt of installed capacity.

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