Geothermal startup Fervo secures major loan

Geothermal energy startup Fervo has successfully navigated its most challenging phase by securing a substantial new loan. The favorable terms of this financing strongly indicate that the company has overcome significant financial hurdles and is now positioned for future growth. This development marks a critical milestone for Fervo, allowing it to move beyond the initial high-risk period often referred to as the 'valley of death' in the startup world.