Climate tech IPO window opens, driven by AI energy demand

The climate tech sector is experiencing a resurgence in public market interest, with companies like nuclear startup X-energy successfully raising $1 billion and geothermal firm Fervo filing for an IPO. This renewed enthusiasm is partly fueled by the escalating electricity demands of the AI boom, which has made energy-related startups more attractive to investors. While nuclear fission and enhanced geothermal technologies are leading this trend, the broader climate tech landscape may see a "K-shaped" recovery, with some companies thriving while others struggle to access public market capital. This divergence highlights a growing divide in funding accessibility within the sector.