Fervo Energy
Fervo Energy develops next-generation geothermal power, providing 24/7 carbon-free energy. Their technology, adapted from the oil and gas industry, aims to make geothermal energy cost-competitive and globally scalable through advancements in drilling and subsurface analytics. This approach delivers commercially viable, clean energy.
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Funding Round:
Funding Amount: $244M
Date: 29-Feb-2024
Investors: Devon Energy, Galvanize Climate Solutions, John Arnold, Liberty Mutual Investments, Marunouchi Innovation Partners, Mercuria, Mitsubishi Heavy Industries, Capricorn’s Technology Impact Fund, Congruent Ventures, DCVC, Elemental Excelerator, Helmerich & Payne, Impact Science Ventures
Markets: Clean Energy, Geothermal Energy, Energy Infrastructure, Energy Production, CleanTech, Climate Tech
HQ: Houston, Texas, United States
Founded: 2017
Website: https://fervoenergy.com/
LinkedIn: https://www.linkedin.com/company/fervo-energy
Twitter: https://twitter.com/fervoenergy
Crunchbase: https://www.crunchbase.com/organization/fervo-energy
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