Climate tech startups are gaining public market access. X-energy raised $1 billion in its IPO this week with stock surging 25%, while geothermal startup Fervo filed for a public offering valued around $3 billion. The momentum is driven by investor enthusiasm for nuclear and geothermal companies capitalizing on rising electricity demand from AI data centers.
Infrastructure
The climate tech IPO window could finally be cracking open
X-Energy surges past $1B in its IPO while geothermal startup Fervo targets $3B valuation, as AI data centers' insatiable power demand finally unlocks climate tech's path to public markets.
Saturday, April 25, 2026 12:00 PM UTC2 MIN READSOURCE: TechCrunchBY sys://pipeline
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