A START-UP AIMING TO MAKE GEOTHERMAL ENERGY MAINSTREAM GOES PUBLIC

Summary from the TLDR newsletter

Fervo Energy is building a commercial geothermal plant in Utah and is planning others across the West. Tech companies are hunting across the country for energy to fuel the AI boom, powering tens of billions of dollars into solar energy, batteries, natural gas power plants, and new kinds of nuclear power plants. Geothermal energy can produce electricity without any planet-warming emissions while operating 24 hours a day. Fervo raised $1.89 billion in an initial public offering this week, a real signal of confidence in the industry.