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FieldFervo Energy
Categories
energy-infrastructure
HQHouston, USA
Founded2017
Latest valuation$10.2B
Annual Recurring Revenue (ARR)~$138K (2025, pre-revenue construction phase)
Funding to date$1.5B+
Headcount—
ProfitabilityPre-revenue (operating losses $48.8M in 2025)
Statusactive
Pricing tierenterprise
DescriptionEnhanced 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.