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Fervo Energy
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Developer of a technology for power generation using enhanced geothermal systems

Founded in 2017
Founded in

Company type Private Public ()
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Industry Group energy & power

Sector geothermal

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters San Francisco, CA San Francisco, United States
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Updated by at on 01/02/2025

Edited by Cleantech Group on 01/02/2025

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Date Partner Type
04/18/2023
Devon Energy Corporation Devon Energy Corporation
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Confirmed by Devon Energy Corporation
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IPO INFORMATION

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Date Investors Type Amount
12/19/2024 Breakthrough Energy Ventures Breakthrough Energy Ventures , Congruent Ventures Congruent Ventures , DCVC Data Collective DCVC Data Collective , Devon Energy Corporation Devon Energy Corporation , Galvanize Climate Solutions Galvanize Climate Solutions , Liberty Mutual Investments Liberty Mutual Investments , Sabanci Ventures Sabanci Ventures , CPP Investments CPP Investments , Capricorn Investment Group Capricorn Investment Group , California State Teachers Retirement System (CalSTRS) California State Teachers Retirement System (CalSTRS) (10)
Post-money valuation of
Funding will support market expansion and business development efforts. Alongside this round is a loan of $120M.
Growth Equity $135,000,000
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