Geothermal unicorn Fervo Energy may IPO as early as next year

, By Techcrunch
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Geothermal startup Fervo Energy is reportedly eyeing an initial public offering in the next two years.

Driving the consideration is the growing concern over power demand growth from data centers, which could double by 2029. “There’s clearly a huge hunger in the public markets right now to figure out, how are we going to solve the power demand story?” CEO Tim Latimer said to Axios.

Despite the talk, an IPO is unlikely to be imminent. 

The startup is in an “awesome spot” right now given its recent fundraising success, a source…



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Geothermal unicorn Fervo Energy may IPO as early as next year

, Published By Techcrunch
FundingWorld News


Geothermal startup Fervo Energy is reportedly eyeing an initial public offering in the next two years.

Driving the consideration is the growing concern over power demand growth from data centers, which could double by 2029. “There’s clearly a huge hunger in the public markets right now to figure out, how are we going to solve the power demand story?” CEO Tim Latimer said to Axios.

Despite the talk, an IPO is unlikely to be imminent. 

The startup is in an “awesome spot” right now given its recent fundraising success, a source…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News
Binny Bansal-backed Purple Style Labs raises $40 million from SageOne fund, others
Next News
BlackBuck Allots Another 1.9 Lakh Shares Under ESOP Schemes
Techcrunch

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