Skip to main content
← All Companies
Fervo Energy logo

Fervo Energy

AI Adjacent
AI Classification
Enables AI ecosystem but doesn't run models itself.

Fervo Energy secures $244M Series D to accelerate next-generation geothermal energy deployment.

Total Funding

$462M

Founded

2017

Headquarters

Houston, United States

Industry Vertical

Energy & Sustainability

Technology Segments

Renewable Energy

About

Fervo Energy is the leader in next-generation geothermal energy development, using innovative techniques to unlock clean, carbon-free power from the earth. The company applies horizontal drilling and distributed fiber optic sensing technologies, borrowed from the oil and gas industry, to make reservoirs of hot rock beneath the earth's surface into reliable clean energy sources. Co-founded by CEO Tim Latimer and CTO Jack Norbeck, Fervo combines drilling expertise with advanced geoscience to develop enhanced geothermal systems at commercial scale.

The company is building Cape Station in Utah, which will deliver five hundred megawatts of firm clean power and is expected to become the largest next-generation geothermal development in the world. Fervo addresses the growing demand for clean, reliable baseload power, particularly from data centers and tech companies seeking carbon-free energy solutions. The company's technology enables geothermal development in locations previously considered unsuitable, dramatically expanding the potential for clean geothermal energy.

Funding Rounds

1
DateRoundAmount
2025-12-10Series E$462M

Investors

15
B CapitalAllianceBernsteinAtacama VenturesCarbon EquityClimate FirstGoogleMitsui & Co.Breakthrough Energy VenturesCalSTRSCapricorn Investment GroupCentaurus CapitalCongruent VenturesCPP InvestmentsDCVCDevon Energy

Subscribe to Monday AI Signal

Weekly pre-seed and seed AI deal intelligence with early trends.