Fervo Energy’s IPO is a milestone for next-gen geothermal

May 13, 2026 at 3:30 PM
Dan McCarthy

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Summary

Fervo Energy , a startup that has pioneered new ways to produce electricity from the earth’s heat, is officially a publicly traded company. It’s the first next-generation geothermal firm to go public. Today’s initial public offering netted the Houston-based Fervo about $1.9 billion and valued it at roughly $7.7…

Fervo Energy , a startup that has pioneered new ways to produce electricity from the earth’s heat, is officially a publicly traded company. It’s the first next-generation geothermal firm to go public. Today’s initial public offering netted the Houston-based Fervo about $1.9 billion and valued it at roughly $7.7…

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