SpaceX alumni Andrew Redd is betting the ocean has vast amounts of untapped geothermal energy.
Fervo Energy’s IPO was upsized several times after potential investors asked why the enhanced geothermal startup wasn’t raising more money.
Fervo landed a large new loan with terms that strongly suggest the company’s most turbulent days are behind it.
Zanskar has raised $115 million to find about a dozen geothermal resources that could help power the grid throughout the U.S. West.