Topic
geothermal-energy
4 stories related to this topic, newest first.
Wiredscience37 days ago
Oklahoma House Passes Bill Allowing Conversion of Orphan Oil Wells to Geothermal or Energy Storage
The legislation would allow companies to buy abandoned wells for geothermal energy or underground storage as states seek alternatives to plugging more than 20,000 orphan sites that could take 235 years to address. Similar measures have passed recently in New Mexico, Alabama, Nort…
app.buzzsumo.comscience40 days ago
Fervo Energy, Geothermal Startup, Sets Terms for Nasdaq IPO
Geothermal developer Fervo Energy will begin trading Wednesday on the NASDAQ under ticker FRVO after raising its offering to 70 million shares priced at $25 to $26 each, targeting a $7.4 billion valuation. The company has deployed its horizontal drilling technology in Nevada and…
TechCrunchtechnology57 days ago
Nuclear Startup X-energy Raises $1 Billion in Public Offering as Fervo Files for IPO
Nuclear energy startup X-energy went public this week, raising $1 billion in an upsized share offering with its stock rising 25% in the first hour of trading. Geothermal startup Fervo filed for an initial public offering, valued at around $3 billion by private investors. These mo…
Substrate placeholder — needs reviewfinance61 days ago
Fervo Energy S-1 Filing Reveals Details of Agreement with Google
Fervo Energy has filed an S-1 registration statement for its initial public offering, disclosing terms of a geothermal framework agreement with Google. The agreement includes restrictions on investments from Google's competitors and grants Google a right of first refusal on proje…