Global Infrastructure SherpaFervo
Houston-based Fervo Energy is a geothermal energy developer focused on pioneering enhanced geothermal systems (EGS) for 24/7 carbon-free power. The company has secured over $400 million in funding and is developing projects, including the 3.5 MW Project Red in Nevada, which supplies power to Google.
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Renewable Energy DeveloperDeveloperOperator
Strategic Overview
- Pioneering enhanced geothermal systems (EGS) technology to unlock new geothermal resources and expand the addressable market for geothermal energy.
- Focus on providing 24/7 dispatchable carbon-free power, appealing to corporate and utility off-takers seeking reliable clean energy solutions.
- Strong backing from venture capital and government grants underscores confidence in their technology and potential for large-scale deployment.
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Sign up free →Deal History (1)
Deal Activity from Public Sources
Fervo Energy secures $244 million in Series C funding to accelerate geothermal development
Fervo Energy awarded $21 million from the Department of Energy to advance enhanced geothermal systems
Fervo Energy's Project Red in Nevada begins operations, providing 24/7 carbon-free power to Google via a PPA
Fervo Energy secures $138 million in Series B funding to accelerate geothermal development
Investment Focus
Technologies
Geothermal1
Geography
US1
Key People
Tim Latimer
CEO & Co-Founder
Jack Norbeck
CTO & Co-Founder
Jonathan Wold
CFO
Dorothy Howard
Chief of Staff
Sarah King
VP of Operations
Track Record
3.5
MW Total
7
Deals Completed
7
Years Active
$M400M
Total Value
Notable projects: Project Red (Nevada)
Detailed Analysis
Technologies
Sectors
Geographies
Deal Stage
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