COMPANY PROFILE · /fervo-energy
F
Fervo Energy
Enhanced geothermal systems (EGS) developer using AI-driven subsurface analytics and advanced drilling techniques adapted from oil/gas to make geothermal cost-competitive at scale. Delivers 24/7 carbon-free baseload power for data centers and grid.
Fresh · 3d ago
Latest valuation
$10.2B
Annual Recurring Revenue
~$138K (2025, pre-revenue construction phase)
Headcount
—
Funding total
$1.5B+
OVERVIEW
$462M Series E December 2025 (oversubscribed, led by B Capital). IPO April 2026 at $7.7B, popped to $10.2B. Cape Station (500 MW Utah project) on track for 100 MW delivery 2026, 400 MW by 2028. First geothermal well drilled in 16 days (cost reduction via AI optimization).
Status
active
Tier
master-list
Profitability
Pre-revenue (operating losses $48.8M in 2025)
Pricing
enterprise
FUNDING HISTORY · 0
No funding rounds on file.
PRODUCTS · 0
No products catalogued yet. Press Refresh above to ask the research agent.
TEAM · 0 key people
No people linked.
SOURCES · 0 cited
No citations stored yet. Run the research agent to attach per-claim sources.