F
Fervo Energy
Energy · Houston, United States · Founded 2017
Commercializes proprietary technology to own, develop, and operate geothermal assets as the dispatchable foundation to a 100% clean energy future MoreLess
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.
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.
Keywords: Geothermal Energy, Renewable Energy, Clean Energy Transition, Carbon-Free Energy, Horizontal Drilling, Distributed Fiber Optic Sensing, Decarbonization, Electricity Sector, Geoscience Innovation, Cape Station Project.
Company overview
Fervo Energy company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2017
- Headquarters
- Houston, United States
- Employees
- 288
- Open positions
- 34
- Dealroom signal
- 96.2
Valuation & funding
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 | ↗ |
| SERIES E | Dec 2025 | $462M | $1.8B | JB Straubel · DCVC · CPP Investments · AllianceBernstein | ↗ |
| DEBT | Jun 2025 | $106M | — | Mercuria Investment | ↗ |
| LATE VC | Jun 2025 | $100M | $400M | Breakthrough Energy Ventures | ↗ |
| DEBT | Dec 2024 | Mercuria Investment | ↗ | ||
| LATE VC | Dec 2024 | Devon Energy Corporation · DCVC · Mercuria Investment · Galvanize Climate Solutions | ↗ | ||
| DEBT | Sep 2024 | X-Caliber Rural Capital | ↗ | ||
| LATE VC | Feb 2024 | Undisclosed | ↗ | ||
| GRANT | Feb 2024 | US Department of Energy | ↗ |
Financials
Revenue, earnings and profit over time
Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 2026 | $138K | 0% | −$49M | -35572.9% |
| 2025 | $138K | -30.7% | −$49M | -35572.9% |
| 2024 | $199K | — | −$40M | -20182.9% |
| 2023 | — | — | — | — |
| 2022 | — | — | — | — |
Growth signals
Fervo Energy website traffic
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.
Comparisons
Fervo Energy compared with similar companies
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Talent graph
Fervo Energy's talent
Source: Dealroom Talent Intelligence.
Investors
47 investors on Fervo Energy's cap table
Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.
Global footprint
Where Fervo Energy has talent and traffic
team presence
In the news
Latest news about Fervo Energy
Recent press, funding announcements, and product moves mentioning Fervo Energy — open to read from the original sources.
Market sentiment
What the market is saying about Fervo Energy
An AI-synthesized read of the highest-engagement posts about Fervo Energy on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
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
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