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)
Share
Related Reports
Tenstorrent Raises $693M in Series D | AI Hardware Achieves $2.7B Valuation
AI hardware company Tenstorrent secures $693 million Series D funding led by Samsung Securities, reaching $2.7 billion valuation.
Perplexity Raises $500M Series D | AI Search Engine Valued at $9B
AI-powered search engine Perplexity secures $500 million in Series D funding led by SoftBank, achieving $9 billion valuation.
One Raises $300M | Walmart-Backed Digital Bank Expands Services
Digital banking platform One secures $300 million led by Walmart to expand its financial wellness offerings.
Turn your sales ideas into reality today
Start your 14-day Pro trial today. No credit card required.
Start building for free