Climate tech startups are capital intensive, timelines are long, and the technology is often considered “first of its kind.” What’s more, a key value proposition is addressing pollution — an externality that is, at best, poorly priced by the market. Those aren’t the qualities stock pickers tend to favor.
And yet, public markets appear to be warming to climate tech startups — or at least some of them.
This week, nuclear startup X-energy went public, raising $1 billion in an upsized share offering that appears to have delivered a windfall for its investors, including Amazon. Retail investors apparently can’t get enough, with the stock popping 25% in its first hour of trading. Also this week, geothermal startup Fervo said it filed for an initial public offering. The size of the Fervo IPO has yet to be disclosed, but private investors have valued the company at around $3 billion, according to PitchBook.
The move to go public aligns with what investors told TechCrunch at the end of last year. After years of tepid attitudes toward climate tech companies, they expected public markets to start welcoming energy-related startups. Nearly every investor that weighed in on the question said the startups with the best chances of going public specialize in either nuclear fission or enhanced geothermal. Fervo, specifically, was mentioned several times.
Thank data centers for that. The AI craze has taken a trend of rising demand for electricity and made it sexy and salable. Companies that were already betting on the upswing lucked into a trending narrative that coincided with their technological maturity. Fortune certainly favors the prepared.
The IPOs are also certain to please investors, letting them return capital to their LPs. The recent dearth of IPOs has kept a chunk of climate tech funding locked up, at a time when many funds would like to start cashing out.
But it’s not just about cashing out.
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Fervo and X-energy have followed the traditional route to public markets, suggesting there is confidence that a broad base of investors wants to participate. If it were just about freeing up investor capital, the startups could have followed the SPAC route. (Severalhave.) But these two companies took the longer path.
Yet for all that success, a wide swathe of climate tech will probably be left out of the IPO wave.
Companies that aren’t entangled in energy markets will have to find other ways to press on — and without access to the deep pockets the public market provides. The divergence suggests the climate tech world is starting to go K-shaped, a trend which Mark Cupta, managing director at Prelude Ventures, suggested when I spoke to him a little over a week ago.
Companies stuck on the poorer side of the IPO window still have private investors to lean on. But there, too, a K-shaped trajectory is starting to appear.
Venture capital and growth funds raised about $6.5 billion last year, according to Sightline Climate. That’s the same as in 2021, but because there are more funds today, each fund is now smaller. For founders, that could be bad news since funds have less to draw on. On the upside, more competition could drive better fundraising results.
At the same time, the big funds keep getting bigger. Infrastructure dominated climate tech fundraising last year, with 42 funds raising 75% of all dollars in the sector, according to Sightline Climate. That success will spill over into the startup side if it’s a company with a mature technology that is ready to build big.
Sightline said that many new infrastructure funds are specializing in renewables, grid technologies, and energy storage. In other words, the K-shape isn’t going away anytime soon.
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The Renewed Hope Youth Engagement (RHYE), Plateau State Chapter, on Friday, November 13, 2026, held an educational empowerment programme in Jos, Plateau State, with the distribution of free laptops to deserving students across tertiary institutions in the state.
The initiative, held at Tamarald Event Centre, Jos, was organised in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu and the vision of Renewed Hope Youth Movement . It is aimed at promoting digital inclusion, strengthening educational opportunities and equipping young Nigerians with the technological resources needed to excel in today’s increasingly digital society.
The event featured the presence of the Grand Patron of the Renewed Hope Youth Engagement initiative, Barr. Seyi Tinubu, who was accompanied by the Honourable Minister of Youth Development, Comrade Ayodele Olawande Wisdom.
Other notable dignitaries included the Plateau State Commissioner for Youth and Sports Development, Hon. Prince Miaphen; the Plateau State Coordinator of the City Boy Movement, Prince David Daser; the State Coordinator of Renewed Hope Youth Engagement, Mr. Manji Wilson; alongside other government officials, youth leaders, political stakeholders and students.
500 LAPTOPS TARGETED, 50 STUDENTS BENEFIT IN FIRST PHASE
A major highlight of the programme was the announcement of plans to distribute 500 laptops to deserving tertiary institution students across Plateau State.
Under the first phase of the initiative, 50 students drawn from various institutions received brand-new laptops to support their academic activities and digital learning.
Among the institutions represented were the University of Jos (UNIJOS), Plateau State University (PLASU), Plateau State Polytechnic (PLAPOLY), College of Health Technology, Zawan, College of Health Technology, Pankshin, and other institutions.
According to the organisers, the beneficiaries were selected based on academic merit, particularly their Cumulative Grade Point Average (CGPA), through a process facilitated by their respective institutions.
The laptops are expected to enhance students’ access to digital learning resources, academic research, assignments, online educational platforms and the acquisition of essential technological skills.
SEYI TINUBU VISITS GOVERNOR MUTFWANG, BARKIN LADI MEDICAL OUTREACH
Beyond the educational empowerment programme, Barr. Seyi Tinubu’s visit to Plateau State also featured other engagements.
Prior to the event in Jos, he visited a free medical outreach organised by the City Boy Movement in Barkin Ladi, where residents benefited from healthcare services.
He also paid a courtesy visit to the Executive Governor of Plateau State, His Excellency, Barr. Caleb Manasseh Mutfwang, at the Government House, Jos.
The organisers expressed appreciation to the Plateau State Government and the TIME IS NOW administration for their support and cooperation towards the successful hosting of the programme.
JOS ENTERTAINMENT STARS ADD COLOUR TO THE EVENT
The programme also featured entertainment and musical performances, making the occasion a celebration of youth, education and talent.
Popular Nigerian rapper Ice Prince Zamani, alongside Jos-based entertainers including Classic and Seemo Da Black Czar, thrilled guests and participants with live performances.
The entertainment segment added excitement to the gathering, bringing together education, youth engagement and the creative industry on one platform.
AN INVESTMENT IN THE FUTURE OF YOUNG PEOPLE
Speaking on the significance of the initiative, the organisers emphasised that the laptop distribution goes beyond the provision of electronic devices, describing it as an investment in the future of young Nigerians.
For the beneficiaries, the laptops represent valuable tools that will improve their learning experiences, expand access to educational opportunities, encourage digital innovation and prepare them for a technology-driven world.
The event which was well coordinated by Renewed Hope Youth Engagement further highlights the importance of youth-focused initiatives in promoting education, innovation, digital inclusion and sustainable development.
With a target of reaching 500 students, the initiative is expected to extend its impact to more deserving students across Plateau State as subsequent phases of the programme unfold.
The November 13 engagement marks another major youth-focused activity in Plateau State, bringing together government, youth organisations, educational institutions and the creative community in support of the development and empowerment of young people.
A political analyst, Sam Amadi, has said presidential candidate of the Nigeria Democratic Congress, NDC, Peter Obi, cannot effectively run a typical Nigerian political organisation because of his minimalist political approach and reluctance to distribute money.
Amadi said Obi's style of politics was fundamentally different from Nigeria's prevailing political culture, where politicians expect financial rewards and other benefits from their political associations.
He argued that some politicians who left Obi's camp were partly driven by what they expected from him but did not get.
Speaking on Arise Television's Prime Time programme on Friday, Amadi said Nigeria's political environment was unstable, with politicians frequently moving between political platforms in pursuit of personal interests.
According to him, some politicians who left Obi's camp had approached him to explain their grievances.
Amadi said their complaints reflected a fundamental disagreement between Obi's political philosophy and the expectations of politicians operating within Nigeria's political system.
The former Director-General of the Nigerian Electricity Regulatory Commission, NERC, maintained that Obi understood his limitations in managing the country's conventional political structure.
He also described Obi as a minimalist who prefers a less elaborate approach to politics, arguing that the former Anambra State governor would rather pursue a straightforward path to political success than engage in the extensive political mobilisation associated with conventional Nigerian politics.
Amadi said: "Peter Obi represents a different kind of politician. Everything about him is often also exaggerated.
"Atiku ran for election with him as vice. The first thing he did after the election was to jump.
"First, Nigeria has a political market that's unstable. Yes. Most of these guys who left, they've come to me, and I talk to them, and they bring issues of grievance. And I say to these guys, look, I've served as Senate president. I've served Jonathan. I disagree with these people, but it's part of it.
"There's a political career. These guys want to move on. Secondly, they also want to have some things Peter cannot offer. That's a deep dissonance between Peter and Nigerian politics. People forget that. Yes, he doesn't give money.
"So Peter is not capable; Peter cannot run a typical Nigerian political organization. He knows that.
"Again, Peter is a minimalist, but it's business. He likes to, if he can, just sneak through this. He doesn't have to open the whole place."