Grist: "Wall Street is betting big on clean energy tech"
by Tik Root
When the NASDAQ opens on Wednesday morning, the exchange will include a new ticker symbol: FRVO. The company, Fervo Energy, is in the geothermal electricity business and aims to raise $1.8 billion. An initial public offering of that magnitude would be one of the biggest Wall Street debuts for renewable energy in U.S. history and a promising sign for clean tech’s future.
“This is a very, very big deal,” said Gernot Wagner, a climate economist at Columbia Business School. “Money speaks.”
“If Fervo demonstrates that there is money to be made for investors,” said Wagner, that “is going to draw a lot of attention well beyond just the narrow advanced geothermal community.”
Quoted in: "Wall Street is betting big on clean energy tech" by Tik Root, Grist (13 May 2026).
