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Geothermal startup Fervo Energy may finally go public

Fervo Energy aims to raise capital through its IPO to expand geothermal energy, targeting 100 MW output this year as geothermal accounts for 0.4% of U.S. electricity generation.

Summary by Canary Media
The startup Fervo Energy has reportedly filed for an IPO to help fund its build-out of next-generation geothermal projects. Nearly a year after first floating the idea , the Houston-based Fervo submitted a confidential S-1 filing with the U.S. Securities and Exchange Commission, Axios Pro reported on Thursday. The…

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Canary Media broke the news in on Thursday, January 22, 2026.
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