Funding Details
- Awarder
- Greentown
- Date Award
- June 12, 2024
- Vertical
- Electricity
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2017
- Traction
- Fervo Energy has received significant investments, including a $244 million private financing round, and has partnerships with major industry players like Mitsubishi Heavy Industries. They are actively working on expanding their geothermal projects and advancing clean, renewable energy solutions.
- Organizations Involved
- Mitsubishi Heavy Industries, Vinson & Elkins
- Founders
- Timothy Latimer, Jack Norbeck
- Company Description
- Fervo Energy develops clean energy technology to generate carbon-free energy from geothermal systems. 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.
- Market
- Geothermal Energy
- Location
-
Houston,
TX,
US
- Coinvestors
- Mitsubishi Heavy Industries, Vinson & Elkins
Links