How much funding has Fervo raised?

Fervo has raised $872.0M in total funding, most recently a Series E round.

Who are Fervo's investors?

Fervo's investors include Devon Energy, Congruent Ventures, SK Inc., Galvanize Climate Solutions, Liberty Mutual Investments, Breakthrough Energy Ventures.

Where is Fervo headquartered?

Fervo is headquartered in Houston, Texas, United States.

What industry is Fervo in?

Fervo operates in Climate Tech.

Fervo

24/7 carbon-free energy through next-generation geothermal

Houston, United States · $872.0M raised

Climate Tech

Headquarters: Houston, Texas
Employees: 51–200
Business Model: B2B

Total Funding: $872.0M
Last Round: $462.0M Series EDec 2025
Rounds: 4

About

Fervo Energy is a next-generation geothermal energy developer pioneering 24/7 carbon-free power using proven oil and gas technologies including horizontal drilling and distributed fiber optic sensing. Founded by Tim Latimer, a former oil and gas drilling engineer, Fervo applies these drilling techniques to unlock geothermal energy in previously uneconomic locations, dramatically expanding geothermal's resource potential beyond traditionally limited geographic areas. The company completed its IPO on the Nasdaq Exchange in May 2026, raising $1.89 billion, and is developing the Cape Station project as a flagship geothermal facility. The company's mission is to transform geothermal energy into America's most dependable and affordable source of clean, dispatchable power.

Summary

Fervo is a Climate Tech company based in Houston, United States. It has raised $872.0M in total across 4 rounds, most recently a $462.0M Series E round in Dec 2025. Investors include Devon Energy, Congruent Ventures and SK Inc..