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Fervo 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.
The Houston, Texas-based geothermal energy developer had a net loss of $70.5 million in the year ended Dec. 31, 2025, compared with a net loss of $41.1 million a year earlier, according to its filingBloomberg Terminal Friday with the US Securities and Exchange Commission.
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