Cleaner Tech
Geothermal Escapes Trump’s Renewable Crackdown, Boosts Fervo’s IPO Bid
Fervo Energy is also benefiting from AI’s ravenous electricity needs as it aims to go public later this year.
Workers at Cape Station, Fervo’s enhanced geothermal power project near Milford, Utah.
Photographer: Lindsay D’Addato/Bloomberg
Tim Latimer is the rare clean-energy executive having a good time in Donald Trump’s America.
His geothermal company, Fervo Energy, is operating in the only renewables sector that has escaped the administration’s disdain, just as hyperscalers hunt for electricity to power their data centers. Conditions are so favorable that Fervo is targeting an initial public offering this year, according to a person familiar with the matter.