Fervo Energy has filed for an IPO. (Think Geoenergy)
The Houston-based enhanced geothermal developer hasn't disclosed share count, price range, or target valuation yet. But we do know that JP Morgan, BofA, RBC, and Barclays are joint lead bookrunners, with nine additional banks on the ticket.
Fervo aims to join a small cohort of geothermal companies on public markets. The filing fits in with a broader investor pivot toward firm, low-carbon generation that can complement wind and solar. Now, the offering remains subject to market conditions and regulatory approval.
Want to dive into the promise (and challenges) of US geothermal? Check out our Power Perspectives episode featuring DOE leader Kyle Haustveit.