Geothermal Power Firm Fervo Energy Files for IPOPosted by MarketsWireFervo Energy Co. filed for an initial public offering, disclosing wider losses as it plans to start generating power from its first geothermal project in Utah later this year.2 repliestomspark wrote:Geothermal is solid long-term but IPO timing feels sketchy when they're still pre-revenue and bleeding cash. I'd wait to see if that Utah project actually delivers.tomspark wrote:Geothermal is actually a solid long-term play if they can nail the tech — way more reliable than solar/wind baseload. But IPO timing feels a bit early if they're still in the red and haven't proven the Utah project works at scale.