Fervo Energy Overview
- Year Founded
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2017
- Status
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Private
- Employees
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146
- Latest Deal Type
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Series D
- Latest Deal Amount
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$499M
- Investors
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40
Fervo Energy General Information
Description
Operator of geothermal power projects intended to leverage innovation in geoscience to accelerate the clean energy transition. The company provides carbon-free energy through the development of next-generation geothermal power and plays a major role in the future electric grid, enabling clients to increase their productivity and make energy scalable.
Contact Information
Website
www.fervoenergy.comCorporate Office
- 910 Louisiana Street
- Suite 4400
- Houston, TX 77002
- United States
Corporate Office
- 910 Louisiana Street
- Suite 4400
- Houston, TX 77002
- United States
Fervo Energy Timeline
Fervo Energy Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 11. Later Stage VC (Series D) | 19-Dec-2024 | $499M | Completed | Generating Revenue | ||
| 10. Grant | 14-Feb-2024 | Completed | Generating Revenue | |||
| 9. Accelerator/Incubator | 01-Feb-2024 | Completed | Generating Revenue | |||
| 8. Secondary Transaction - Private | 22-Aug-2022 | Completed | Generating Revenue | |||
| 7. Later Stage VC (Series C) | 22-Aug-2022 | Completed | Generating Revenue | |||
| 6. Early Stage VC (Series B) | 30-Apr-2021 | Completed | Generating Revenue | |||
| 5. Grant | 28-Mar-2021 | Completed | Generating Revenue | |||
| 4. Accelerator/Incubator | 03-Aug-2020 | Completed | Generating Revenue | |||
| 3. Early Stage VC (Series A) | 03-Jul-2019 | $11M | $11M | Completed | Generating Revenue | |
| 2. Accelerator/Incubator | 09-May-2018 | Completed | Generating Revenue |
Fervo Energy Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series D-4 | ||||||||
| Series D-3 | ||||||||
| Series D-1 | ||||||||
| Series D-2 | ||||||||
| Series C-3 | ||||||||
| Series C-2 | ||||||||
| Series C-1 | ||||||||
| Series B | ||||||||
| Series A-1 | 2,452,745 | $0.000100 | $0.05 | $0.05 | 1x | $0.05 | 0.93% | |
| Series A | 14,542,395 | $0.000100 | $0.77 | $0.77 | 1x | $0.77 | 5.49% |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Fervo Energy Comparisons
Industry
Financing
Details
Fervo Energy Competitors (6)
One of Fervo Energy’s 6 competitors is Apex Clean Energy, a Private Equity-Backed company based in Charlottesville, VA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Apex Clean Energy | Private Equity-Backed | Charlottesville, VA | ||||
| Cogentrix Energy | Private Equity-Backed | Charlotte, NC | ||||
| NextEra Energy Resources | Corporation | Juno Beach, FL | ||||
| CeraPhi Energy | Accelerator/Incubator Backed | Norfolk, United Kingdom | ||||
| Calpine | Private Equity-Backed | Houston, TX |
Fervo Energy Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Fervo Energy Patents
Fervo Energy Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20250027687-A1 | Enhanced geothermal system | Pending | 17-Jul-2023 | ||
| US-20240377548-A1 | Fiber optics acoustic steering for directional drilling | Pending | 09-May-2023 | ||
| US-20240377550-A1 | Completion and well placement optimization using distributed fiber optic sensing in next-generation geothermal projects | Pending | 09-May-2023 | ||
| US-20230102252-A1 | Direct air capture using geothermal cooling towers | Pending | 28-Sep-2021 | ||
| EP-4409211-A1 | Direct air capture using geothermal cooling towers | Pending | 28-Sep-2021 | F03G4/001 |
Fervo Energy Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Fervo Energy Investors (40)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Angel (individual) | Minority | |||
| California State Teachers' Retirement System | Asset Manager | Minority | ||
| Devon Energy | Corporation | Minority | ||
| Galvanize Climate Solutions | Impact Investing | Minority | ||
| Angel (individual) | Minority |
Fervo Energy FAQs
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When was Fervo Energy founded?
Fervo Energy was founded in 2017.
-
Where is Fervo Energy headquartered?
Fervo Energy is headquartered in Houston, TX.
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What is the size of Fervo Energy?
Fervo Energy has 146 total employees.
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What industry is Fervo Energy in?
Fervo Energy’s primary industry is Energy Infrastructure.
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Is Fervo Energy a private or public company?
Fervo Energy is a Private company.
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What is the current valuation of Fervo Energy?
The current valuation of Fervo Energy is .
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What is Fervo Energy’s current revenue?
The current revenue for Fervo Energy is .
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How much funding has Fervo Energy raised over time?
Fervo Energy has raised $676M.
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Who are Fervo Energy’s investors?
, California State Teachers' Retirement System, Devon Energy, Galvanize Climate Solutions, and are 5 of 40 investors who have invested in Fervo Energy.
-
Who are Fervo Energy’s competitors?
Apex Clean Energy, Cogentrix Energy, NextEra Energy Resources, CeraPhi Energy, and Calpine are some of the 6 competitors of Fervo Energy.
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