Fervo Energy is a Geothermal & Baseload Renewables company founded in 2017 and based in Houston, USA. It has raised $1.1B in total funding, most recently a Series F in 2026.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Sep 2, 2026 | Series F | $180M | — | — |
| Dec 10, 2025 | Series E | $462M | — | B Capital |
| Feb 29, 2024 |
| Series D |
| $244M |
| — |
| Devon Energy |
| Aug 22, 2022 | Series C | $138M | — | DCVC, Macquarie Capital |
| Apr 30, 2021 | Series B | $28M | — | Capricorn Investment Group |
Fervo's first commercial EGS pilot in Nevada, delivering 3 MW of firm baseload geothermal power to Google under a 24/7 carbon-free energy PPA. Used horizontal directional drilling and distributed fiber-optic sensing — technology adapted from oil and gas — to create the first horizontal-well EGS, validating Fervo's technical and commercial approach.
A multi-phase 2 GW permitted EGS development in Beaver County, Utah, targeting ~100 MW online by early 2027 and 400 MW by 2028. Backed by $462M Series E (December 2025) and additional project financing. On track to become the world's largest next-generation geothermal project, delivering firm, dispatchable, 24/7 renewable power at utility scale.
8 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.
We don't have a live feed for this company's ATS. Their careers page has every open role.
View all careers ↗