Fervo
24/7 carbon-free energy through next-generation geothermal
Houston, United States · $872.0M raised
- 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..
Funding History
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Dec 2025
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Series B through Series E — per-round amounts, valuations, and who invested in each round.
Investors
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