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Fervo Energy
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Developer of a technology for power generation using enhanced geothermal systems

Founded in 2017
Founded in

Company type Private Public ()
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Industry Group energy & power

Sector geothermal

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters San Francisco, CA San Francisco, United States
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Updated by at on 09/26/2023

Edited by Cleantech Group on 03/26/2024

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Confirmed by Devon Energy Corporation
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IPO INFORMATION

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Date Investors Type Amount
02/27/2024 Galvanize Climate Solutions Galvanize Climate Solutions , Marunouchi Innovation Partners Marunouchi Innovation Partners , Mercuria Investment Mercuria Investment , Mitsubishi Heavy Industries Mitsubishi Heavy Industries , Capricorn Investment Group Capricorn Investment Group , Congruent Ventures Congruent Ventures , DCVC Bio DCVC Bio , Elemental Excelerator Elemental Excelerator , Helmerich & Payne Helmerich & Payne , Impact Science Ventures Impact Science Ventures , Liberty Mutual Investments Liberty Mutual Investments , John Arnold John Arnold (12)
Post-money valuation of
After completing their first commercial project, funding will go to further operations at Cape Station to support clean electricity to the grid by 2026.
Growth Equity $244,000,000
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