News Summary

• Nuclear startup X-energy went public this week, raising $1 billion in an upsized share offering.
• Geothermal startup Fervo said it filed for an initial public offering.
• The recent dearth of IPOs has kept a chunk of climate tech funding locked up.
• But a K-shaped trajectory is starting to appear in the climate tech world, says Tim De Chant, senior climate reporter at TechCrunch.
• He says companies that aren’t entangled in energy markets will have to find other ways to press on.