Fervo Energy (Series Not provided in the memo)
Funding Details
Awarder
Inbox
Date Award
February 29, 2024
Vertical
Geothermal Energy
Funding Amount
$244,000,000
Company Info
Founders
Tim Latimer
Market
Energy
Location
Houston, TX, US
Coinvestors
Devon Energy, Galvanize Climate Solutions, John Arnold, Liberty Mutual Investments, Marunouchi Innovation Partners, Mercuria, Mitsubishi Heavy Industries, Capricorn’s Technology Impact Fund, Congruent Ventures, DCVC, Elemental Excelerator, Helmerich & Payne, Impact Science Ventures
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.