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Fervo Energy Raises $138 Million For 24/7 Carbon-Free Next-Generation Geothermal Energy

PUBLIC · FRVOAug 22, 2022

Amount Raised

$138 Million

Round Type

Funding Round

HoustonEnergyRenewable EnergySolar

Description

Fervo Energy, the leader in next-generation geothermal power, today announced that it had raised $138 million in new funding led by DCVC to build, own, and operate 24/7 carbon-free power plants.

Quick answer

Fervo Energy raised $138 Million in a Funding Round round, dated August 22, 2022. Fervo Energy is based in Houston, Texas, United States.

How much did Fervo Energy raise?
Fervo Energy raised $138 Million in a Funding Round round on August 22, 2022.
What does Fervo Energy do?
Fervo Energy provides 24/7 carbon-free energy through the development of next-generation geothermal power.
Where is Fervo Energy based and how big is it?
Fervo Energy is based in Houston, Texas, United States.
Who are the decision-makers at Fervo Energy?
Fundz holds 2 contacts at Fervo Energy, including the Head of Asset Management. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Fervo Energy that raised within 45 days of this round, from Fundz verified event records.

  • Amprius Technologies raised $1M (Seed) on September 27, 2022.
  • Caelux raised an undisclosed amount (Funding Round) on September 23, 2022.
  • Nexus Renewables raised an undisclosed amount (Funding Round) on September 21, 2022.
  • Mainspring Energy raised an undisclosed amount (Series E) on September 21, 2022.
  • Hero Future Energies raised an undisclosed amount (Funding Round) on September 20, 2022.
  • Ojjo raised $40M (Series C) on September 20, 2022.

Who to call at Fervo Energy, and when

A new round usually means Fervo Energy is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Fervo Energy raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Fervo Energy, from your own LinkedIn network

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Company Information

Company

Fervo Energy

Location

Houston, Texas, United States

About

Fervo Energy provides 24/7 carbon-free energy through the development of next-generation geothermal power. Fervo’s mission is to leverage innovation in geoscience to accelerate the world’s transition to sustainable energy. Geothermal has a major role to play in the future electric grid, and Fervo’s key advancements in drilling and subsurface analytics bring a full suite of modern technology to make geothermal cost competitive.

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Related People

2 contacts
Verified contactsDanita P., Head of Asset Management hidden hidden hiddenSee plans and pricing
Predictive Intelligence
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ML-powered predictions for Fervo Energy's next move

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Fervo Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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