Fervo Energy

Fervo Energy

Renewables & Environment

Houston, Texas 31,537 followers

Delivering 24/7 carbon-free energy through development of next-generation geothermal projects.

About us

Fervo Energy provides 24/7 carbon-free energy through the development of next-generation geothermal power. Fervo’s mission is to leverage innovation in geoscience to accelerate the world’s transition to sustainable energy. Geothermal has a major role to play in the future electric grid, and Fervo’s key advancements in drilling and subsurface analytics bring a full suite of modern technology to make geothermal cost competitive. For more information, please visit www.fervoenergy.com.

Industry
Renewables & Environment
Company size
51-200 employees
Headquarters
Houston, Texas
Type
Privately Held
Founded
2017

Locations

Employees at Fervo Energy

Updates

  • View organization page for Fervo Energy, graphic

    31,537 followers

    We are ecstatic to announce that CEO and Co-Founder Tim Latimer has been included in the 2024 TIME 100 Next list of the most influential people in the world. The TIME100 Next highlights 100 emerging leaders who are shaping the future and defining the next generation of leadership. We are honored to celebrate this achievement as we expand the possibilities of #geothermal power and usher in a #cleanenergy future.   Read more here: time.com/next.    #TIME100NEXT

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    31,537 followers

    We’re officially a team of 100! 💯   Today, Fervo welcomed Isabelle Reese, CPA as Senior Associate, Corporate Finance and reached 100 active employees!    In the past year, Fervo has experienced rapid growth, hiring 39 team members to date and welcoming two summer interns as full-time staff. We are committed to defining the #cleanenergy future by establishing a world-leading multidisciplinary team of experts and building things that last. Ready to be employee number 101? View and apply to open positions at https://lnkd.in/gy5Y8kuE

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    31,537 followers

    Yesterday the U.S. House of Representatives passed -- on a bipartisan basis -- three bills that will support the growth of the geothermal industry, including H.R. 6474, which extends a permitting Categorical Exclusion currently available for oil and gas to geothermal energy. These improvements are critical to the success of #EGS and we thank Representatives Michelle Steel (R-CA), Susie Lee (D-NV), John Curtis (R-UT), and Alexandria Ocasio-Cortez (D-NY) for their support.

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    31,537 followers

    #FervoFeature: Meet Stephanie Sullivan Barrett As Procurement Supervisor, Stephanie Barrett manages procurement processes and procedures for Fervo’s supply chain team, ensuring alignment and implementing any necessary improvements. Her purview includes vendor master data management, vendor onboarding, contract management, purchase order management and pricebook implementation.    Interested in learning more about Stephanie’s professional experiences? In her Spotlight, Stephanie shares more about how she learned about Fervo, among other topics.    Read Stephanie’s full #EmployeeSpotlighthttps://lnkd.in/gnGfikgp   #cleanenergyworkforce #cleanenergyfuture #cleanenergyjobs #geothermalenergy 

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    31,537 followers

    We take pride in being a part of the #Houston community and making a lasting positive impact. 🌳   After Fervo Tech Day last week members of our team volunteered for the Houston Parks Board, planting 125 plants and trees at Brays Greenway Park. We had a fantastic time improving our city’s greenspaces to help keep Houston beautiful, accessible, safe, and sustainable.    We’re excited to build things that last everywhere, including our hometown.

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  • View organization page for Fervo Energy, graphic

    31,537 followers

    #ICYMI >>  Last week, at our second annual Fervo Tech Day, we unveiled major advancements across our operations. In doing so, we’re showing the world that the geothermal industry is ready to scale today and meet the urgent need for 24/7 clean energy. Highlights include: 🔹 Record-breaking flow test at Cape Station: Our 30-day flow test from our 400 MW Cape Station project showed we can produce 10 MWe from a single well—putting us on track to meet U.S. Department of Energy (DOE)’s 2030 geothermal goals years ahead of schedule. 🔹 Key operational data from Project Red: After 10+ months of production at our commercial pilot, we’re proud to report zero thermal decline at Project Red, key in reducing risks for enhanced geothermal financing. 🔹 $100M project-level loan: We secured our first-ever construction loan from X-Caliber Rural Capital, accelerating Project Cape’s deployment timeline and bringing down the cost to deploy projects.   Thank you to the policy leaders, utilities, suppliers, financial partners, and everyone who joined us at the Ion Houston last week. Together we are making #EGS viable decades ahead of schedule, and in doing so suppling with the world with 24/7, carbon free power. Watch the full program here: https://lnkd.in/g7RkY2Qi

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  • View organization page for Fervo Energy, graphic

    31,537 followers

    Big news from Fervo's second annual Technology Day! We just completed the world's most successful Enhanced Geothermal System well test, tripling our output from last year's Project Red, and we have secured a transformative $100M construction loan from X-Caliber Rural Capital to accelerate our development at Cape Station. The successful well test announced today establishes Cape Station as the most productive enhanced #geothermal system in history and is yet another data point that technology performance of geothermal is decades ahead of schedule. Fervo has proven itself as a leader of enhanced geothermal, uncapping the industry’s potential and making future goals a reality today. Thank you to everyone who celebrated these successes with us at Technology Day! More about Technology Day here: https://lnkd.in/e83979E2 More about the $100 million loan here: https://lnkd.in/emeC-49f

  • View organization page for Fervo Energy, graphic

    31,537 followers

    Last year, Fervo became the first company to successfully drill a horizontal well pair for commercial geothermal production at our full-scale commercial pilot, Project Red. Strategic partnerships like our relationship with Helmerich & Payne (H&P) were critical in our success.   Meet Bart, a driller who has worked on H&P’s geothermal rig at Cape Station, who managed safety, drilling efficiency and best practices at our site. He and others on the ground make Fervo’s operations possible, helping us produce groundbreaking results that accelerate enhanced geothermal deployment across the US.   Watch the full video here: https://lnkd.in/dU5NuXnS

  • View organization page for Fervo Energy, graphic

    31,537 followers

    💡 Inspiring Curiosity in Future Innovators! 🔬 We were delighted to host a STEM Day for kids near our Cape Station project in Beaver County, Utah. Our team introduced 12 local children to the fascinating world of geothermal energy. We had a blast using creative tools like pool noodles, bubbles, and fans to demonstrate how geothermal wells work. It was a hands-on experience that brought science to life in a fun and engaging way! Seeing the curiosity and enthusiasm in these young minds was incredibly rewarding. We hope to inspire future scientists and engineers who will continue the journey toward sustainable energy solutions. Thank you to everyone who participated and helped make this event a success! Together, we're building a brighter, greener future for our communities. #STEMEducation #GeothermalEnergy #CommunityEngagement #Sustainability #FervoEnergy

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Funding

Fervo Energy 8 total rounds

Last Round

Series D

US$ 244.0M

See more info on crunchbase