FE
Fervo Energy
United States · Climate tech
Fervo Energy develops geothermal power projects using horizontal drilling and subsurface monitoring.
Product
Fervo Energy develops geothermal electricity projects designed to supply power around the clock. Its approach adapts horizontal drilling and other techniques from oil and gas to access heat in locations where conventional geothermal development has been less practical.
The company combines drilling with distributed fibre-optic sensing to monitor the underground system. Its business centres on developing power projects, including Cape Station, and turning that subsurface engineering into dependable electricity supply.
Funding history
1 round · 1 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| IPO including full over-allotment | $2.2B | Participants not disclosed |