F
Fervo Energy
Commercializes proprietary technology to own, develop, and operate geothermal assets as the dispatchable foundation to a 100% clean energy future
About Fervo Energy
Fervo Energy is a startup that operates in the renewable energy sector, specifically focusing on geothermal energy. The company's mission is to accelerate the transition to clean energy through innovative geoscience applications. Fervo Energy's primary offering is a 24/7 carbon-free geothermal energy solution, which is crucial in addressing climate change.
Read full description
The company serves clients in the energy sector, particularly those seeking renewable and sustainable energy solutions. Its market includes areas previously considered uneconomical for geothermal energy extraction. Fervo Energy has developed a new approach to geothermal energy, leveraging proven oil and gas technologies like horizontal drilling and distributed fiber optic sensing. This approach has significantly increased the resource potential of geothermal energy.
Fervo Energy's business model is centered around the development and provision of cost-effective, reliable geothermal energy. The company generates revenue by selling this energy to clients in the electricity sector, particularly those looking to decarbonize their operations.
The company's flagship project, the Cape Station Project, demonstrates its innovative approach to geothermal energy. Fervo Energy's team comprises experienced renewable energy developers and oil and gas professionals, all working together to accelerate the clean energy transition.
In summary, Fervo Energy is a pioneering geothermal energy company that leverages innovative technologies to provide cost-effective, reliable, and sustainable energy solutions.
At a glance
- Status
- Operational
- Founded
- 2017
- Headquarters
- Houston, United States
- Employees
- 288
- Open positions
- 34
- Dealroom signal
- 96.2/100
- Sub-industry
- Clean Energy
- Sector
- Energy, Geothermal Energy, Spinout, Sustainable Development Goals, Verified Unicorns and $1B Exits, Climate Tech, Renewable Energy, NIF defense security and resilience, NIF Energy Security and Climate Change, DT and LS
- Technology
- Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Research & analysis
Latest news
Press, funding announcements and product moves mentioning Fervo Energy.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| IPO | May 2026 | $1.3B | $7.6B | Undisclosed | ↗ |
| DEBT | Mar 2026 | $421M | — | Societe Generale · Bank of America · HSBC · RBC Capital Markets | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Fervo Energy is 62K monthly website visits, up 77.1% over the last three months. Fervo Energy's team grew 44.7% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
ARPA-E
US Department of Energy
Series A5 investors entered at this stage
Congruent Ventures
Capricorn Investment Group
Elemental Excelerator
Helmerich & Payne
Breakthrough Energy Ventures
Series B and later37 investors entered at this stage
DCVC
CPP Investments
Prelude Ventures
Macquarie
Liberty Energy
Grantham Foundation
Impact Science Ventures
3×5 Partners
Devon Energy Corporation
X-Caliber Rural Capital
Mercuria Investment
Galvanize Climate Solutions
Liberty Mutual Investments
CalSTRS
Sabanci Climate Ventures
B Capital
JB Straubel
AllianceBernstein
Carbon Equity- AVAtacama Ventures
Galvanize
Echelon
Alphabet | Google
Centaurus Capital
Mitsui
Mitsubishi Heavy Industries
Climate First
Marunouchi Innovation Partners
Societe Generale
Bank of America
HSBC
RBC Capital Markets
JP Morgan
Sumitomo Mitsui Trust Bank
Barclays
Mitsubishi UFJ Financial Group
BBVA USA
Other known investors3 additional known investors
Stanford University
Baruch Future Ventures
Hexagon
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Fervo Energy on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See Fervo Energy’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.