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Fervo Energy's IPO Soars, Geothermal Startup Taps Clean Energy Boom
Description
Fervo Energys IPO soars, raising $1.89 billion, as tech giants seek reliable power for data centers. The geothermal startups stock surges 33% on Nasdaq, with massive demand for clean electricity. Fervos enhanced geothermal technology, backed by oil and gas tricks, offers steady baseload power, perfect for data centers. The company plans to use the funds for Cape Station in Utah, aiming for 500 MW in three years, and Corsac Station in Nevada, supplying Google 115 MW. Fervos timing is impeccable, as hyperscalers line up and costs drop fast.
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