Two Hot Climate Tech Startups Just Raised $1 Billion+ in IPOs
Source: Slashdot
Background
Public stock exchanges are beginning to warm to climate‑tech startups, according to a TechCrunch report. After years of tepid attitudes, investors now expect public markets to start welcoming energy‑related startups, especially those focused on nuclear fission or enhanced geothermal systems.
X‑Energy IPO
This week, nuclear startup X‑Energy went public, raising $1 billion in an upsized share offering. The IPO delivered a windfall for investors, including Amazon and Google. Retail investors were enthusiastic, with the stock jumping 25 % in its first hour of trading.
Fervo IPO
Geothermal startup Fervo announced that it has filed for an initial public offering. While the size of the IPO has not been disclosed, private investors have valued the company at around $3 billion, according to PitchBook.
- Announcement: Fervo Energy publicly announces filing of registration statement for proposed IPO
- Coverage: Slashdot – US startup to supply 320 MW geothermal energy to power 350,000 homes in California
Investor Sentiment
Investors told TechCrunch at the end of last year that the best‑positioned climate‑tech startups for public markets specialize in either nuclear fission or enhanced geothermal energy. The surge in demand for electricity—driven by the AI craze and data‑center expansion—has made these sectors especially attractive to both institutional and retail investors.