Fervo Energy
Fervo Energy Raises $135M Series D | Next-Gen Geothermal Power
Fervo Energy Closes $135M for Geothermal Expansion
Fervo Energy, a next-generation geothermal company, has raised $135 million in Series D funding to expand its carbon-free energy production.
The round was led by Breakthrough Energy Ventures with participation from Congruent Ventures, DCVC, CPP Investments, and Devon Energy.
Key Highlights
- Total funding to date: $566 million
- Developing 24/7 clean baseload power
- Using advanced drilling techniques from oil & gas
Company Overview
Fervo Energy develops clean energy technology to generate carbon-free energy from geothermal systems using horizontal drilling and fiber optic sensing technologies adapted from the oil and gas industry.
Company Info
Investors (3)
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