Fervo Energy

Public

Houston, TexasEnergyhttps://fervoenergy.com/

Fervo Energy is now publicly traded

The data on this page reflects Fervo Energy's private-market history up to the point it went public, including its funding rounds, valuation, and investors.

Went Public

May 13, 2026

Last Round

Debt

Mar 19, 2026

Total Funding Raised

$3.42B

Company Overview

Fervo Energy is a renewable energy company that develops, owns, and operates next-generation geothermal power projects to provide carbon-free electricity.

Sector

Energy

Verticals

CleanTech, Climate Tech

AI Layer

Application

Keywords

enhanced geothermal systemsEGSgeothermal powerbaseload powerhorizontal drillingcarbon-free energypower purchase agreementPPAindependent power producerIPPclean techdigital twinhydraulic stimulationrenewable energynext-gen geothermal

Fervo Energy Comparables

Compare Fervo Energy with similar companies based on industry and business-model similarity.

Fervo Energy comparables — related companies by embedding similarity
Company	Similarity	Market Cap
Eavor Technologies Inc.	81%	Book a demo
Ormat	79%	Book a demo
AltaRock Energy	78%	Book a demo

Book a demo to see all comparables

For institutional investors. Book with your work email.

Fervo Energy Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
IPO	May 13, 2026	Book a demo	Book a demo	Book a demo	Book a demo
Debt	Mar 19, 2026	Book a demo	Book a demo	Book a demo	Book a demo
Series E	Dec 10, 2025	Book a demo	Book a demo	Book a demo	Book a demo
Debt	Jun 11, 2025	Book a demo	Book a demo	Book a demo	Book a demo
Debt	Dec 19, 2024	Book a demo	Book a demo	Book a demo	Book a demo
Series D	Dec 19, 2024	Book a demo	Book a demo	Book a demo	Book a demo

Book a demo to see all 14 rounds

For institutional investors. Book with your work email.

Key People

Founding team and executive leadership

Jack Norbeck

Co-Founder And CTO

Founding Team

Richard Chow

CEO Coach Advisor

Executive Team

Tim Latimer

Chief Executive Officer

Executive Team

David Ulrey

Chief Financial Officer

Executive Team

Book a demo to see all key people

For institutional investors. Book with your work email.

Fervo Energy Investors

Notable investors and investment history

Fervo Energy investors
Investor	Rounds
Impact Science	Series D, Series E
Centaurustradingandinvestment	Series D, Series E
CPP Investments	Series D, Series E, Series C
Norges Bank Investment Management	IPO
Barclays Bank PLC	Debt
AllianceBernstein	Series E
Capricorn Investment Group	Series D, Series E, Series C, Series B

Book a demo to see all investors

For institutional investors. Book with your work email.

Recent news

Latest coverage and updates

has_issues_withNov 7, 2026
Wolf Haldenstein Adler Freeman & Herz LLP investigates potential securities fraud claims on behalf of Fervo Energy's shareholders on Sep 8th '26, concerning whether Fervo Energy and certain officers or directors engage in securities fraud or other unlawful business practices.
has_revenueNov 2, 2026
Fervo Energy brings in $312K in revenue over the past year as a developer building its first large project.
has_issues_withOct 26, 2026
Fervo Energy has issues with a significant drop in thermal efficiency at Project Red, which hinders its ability to meet energy production targets.
invests_into_assetsOct 16, 2026
Fervo Energy expects its second and third 33-MW GeoBlocks at Cape Station to reach commercial operation by Jan 1st '27, while a 400-MW second phase is already under construction with a 2028 target.
recognized_asOct 13, 2026
On Nov 4th '26, Fervo Energy earns its third consecutive recognition from MIT Technology Review as one of the 10 Climate Tech Companies to Watch for 2026.