Fervo Energy, a little-known geothermal company, is targeting up to a $6.5 billion valuation in a U.S. IPO — a sign that the industry that produces electricity from the Earth's heat may be turning a corner, at least in terms of investor confidence. POLITICO’s Christa Marshall breaks down what’s behind the company’s ambitious valuation, where Congress and the Trump administration stand, and whether geothermal is ready to help meet America’s growing energy demand.

Nirmal Mulaikal is the co-host and executive producer of POLITICO Energy.

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Is geothermal finally ready to move from niche to mainstream?