Public markets welcome climate tech IPOs

Investors and retail buyers are again funding energy startups: nuclear firm X‑energy raised about $1 billion in an upsized public offering that jumped at open, while geothermal company Fervo filed to go public with private valuations near $3 billion. The immediate retail interest and institutional backing (including big tech investors) show public exchanges are opening a financing pathway for large‑scale low‑carbon power projects. — If public markets reliably finance big climate projects, the political economy of energy transition (permitting, grid upgrades, industrial policy and who captures value) will change quickly and become a central policy debate.