Fervo Energy

Fervo Energy is a renewable energy company that focuses on developing and operating advanced geothermal energy assets. Founded in 2017, the company utilizes technologies from the oil and gas industry, such as horizontal drilling and distributed fiber optic sensing, to access geothermal resources in areas previously deemed uneconomical. The company generates and sells reliable, carbon-free geothermal electricity, primarily targeting clients in the electricity sector aiming to decarbonize their operations. Fervo Energy employs enhanced geothermal systems (EGS) technology, which efficiently converts the Earth's natural heat into electricity while ensuring sustainability through the reinjection of water. Their flagship project, the Cape Station Project, demonstrates their ability to provide consistent baseload power. Fervo Energy serves a range of customers, including corporations with carbon-free electricity goals and federal facilities required to use clean power. The company has also partnered with Alphabet to supply green electricity to cooling centers in Las Vegas. With over $400 million in funding, Fervo Energy is well-positioned to advance its mission of delivering clean, dispatchable geothermal power.