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…