About Fervo Energy
Fervo Energy is a publicly listed company based in San Francisco (United States) founded in 2017 by Jack Norbeck and Tim Latimer. Next-generation geothermal projects are developed to deliver carbon-free energy. Fervo Energy has raised $1.12 billion across 11 funding rounds from investors including Google, J P Morgan and Bank of America. The company has 305 employees. Fervo Energy was last valued at $7.37 billion in May 2026. Its website fervoenergy.com draws about 51 thousand monthly visits. Fervo Energy offers products and services including Geothermal Energy Projects and Technology Solutions. Its focus areas include Energy Tech, Renewable Energy Tech, Geothermal Energy and Electricity Generation Systems.
Company details
Fervo Energy was founded in 2017 and is headquartered in San Francisco, United States. Operations center on advancing geothermal energy through horizontal drilling and distributed fiber optic sensing technologies. These efforts aim to access untapped geothermal resources for scalable, carbon-free power generation. The company prioritizes environmental health and safety while targeting decarbonization in electricity sectors.
- Headquarters San Francisco, United States
- Employees 305
- Founders Jack Norbeck, Tim Latimer
- Stage Public
- SectorsEnergy & Utilities
- Website category Heavy Industry and Engineering · Energy Industry
- Email••••••••
- Website fervoenergy.com
- Social LinkedIn Instagram
- Legal Name Fervo Energy Company
- Total Equity Funding$1.12B (USD)
in 11 rounds
- Latest Funding Round$421M (USD), Debt – Conventional
Mar 2026
- InvestorsGoogle
& 42 more
- Employee Count305
Products & Services of Fervo Energy
Fervo Energy offers a comprehensive portfolio of products and services, including Geothermal Energy Projects and Technology Solutions.
Next-generation geothermal projects are developed to deliver 24/7 carbon-free energy, drawing on innovations in geoscience and drilling technologies
Horizontal drilling and fiber optic sensing are utilized to unlock geothermal resources in new locations, increasing the overall potential of geothermal energy
Funding Insights of Fervo Energy
Fervo Energy has successfully raised a total of $1.12B across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $421 million completed in March 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.12B
- Total Rounds 11
- Last Round Debt – Conventional — $421M
- First Round $200,000
(Jun 2020)
- Investors Count 43
Latest 10 of 11 funding rounds of Fervo Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2026 | $421M | Debt – Conventional | – | – | |
| Dec 2025 | $462M | Series E | – | B Capital | |
| Jun 2025 | $100M | Series D | – | – | |
| Jun 2025 | $105.5M | Debt – Conventional | – | – | |
| Dec 2024 | $120M | Debt – Conventional | – | – | |
| Dec 2024 | $135M | Series D | – | Capricorn | |
| Feb 2024 | $244M | Series D | – | Devon Energy | |
| Apr 2023 | $10M | Series C | – | Devon Energy | – |
| Aug 2022 | $138.22M | Series C | – | DCVC | |
| Mar 2021 | $28M | Series B | – | Capricorn |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Fervo Energy
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $7.37B (May 2026). 43 investors in total: 40 institutional and 3 angel.
Investors in Fervo Energy
Fervo Energy has secured backing from 43 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Google, J P Morgan and Bank of America.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Climate solutions are advanced via venture capital and startup acceleration. | breakthroughenergy.org | Kirkland, United States | ||
Climate tech investing and support for early-stage entrepreneurs in North America. | congruentvc.com | |||
Venture capital firm focused on multiple sectors | dcvc.com | Palo Alto, United States | ||
Capital and expertise are delivered globally to accelerate climate solutions. | galvanizeclimate.com | San Francisco, United States | ||
Growth investments are made in climate tech startups globally. | marunouchi-innovation.com | Tokyo, Japan | ||
Climate tech startups are accelerated and incubated by Elemental Excelerator. | elementalexcelerator.com | Honolulu, United States | ||
| impactscience.vc | ||||
Private investments are managed for institutional investors globally. | 3x5partners.com | United States | ||
Climate companies are invested in by this venture capital firm. | preludeventures.com | San Francisco, United States | ||
Multistage investments are directed toward technology, healthcare, and climate sectors. | b.capital | Manhattan Beach, United States |
Investor details for Fervo Energy
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People of Fervo Energy
58 people are tracked at Fervo Energy (19 in leadership, 39 in team); the tracked headcount is 305.
| Name | Role | Group |
|---|---|---|
Jack Norbeck | Co-Founder | Leadership |
Tim Latimer | Co-Founder | Leadership |
Alexandra Smith | Director Of Engineering | Leadership |
David Ulrey | CFO | Leadership |
Elliot Howard | Director D&c | Leadership |
Paul Sabbagh | Senior Director Of Structured Finance | Leadership |
Rusty Long - Sms | Sr. Director HSE | Leadership |
Delio Demoura | Senior Director Information Technology And Cybersecurity | Leadership |
Emma McConville, MSc. | Director Of Resource | Leadership |
Marc Reyes | Interconnection Director | Leadership |
Dawn OWENS | VP, Head of Project Development & Commercial Markets | Leadership |
Cybil Varghese | Supply Chain Director | Leadership |
Christian Gradl | Vice President Operations | Leadership |
Gabriel Malek | Advisor To The VP Of Strategy | Leadership |
Brandon Law | Director of Land | Leadership |
Leah Short | Executive Assistant to Co-Founder and CEO | Leadership |
Quinn Woodard Jr. | Vice President, Power Generation & Surface Facilities | Leadership |
Sarah Jewett | Vice President, Strategy | Leadership |
James Blake | Head Of Capital Markets | Leadership |
Mor Bisk | Geothermal Facilities Engineer | Team |
38 more people are available in the full profile.
Complete people profiles for Fervo Energy
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IPO & Listings of Fervo Energy
Fervo Energy is a publicly listed company on the NASDAQ with ticker symbol FRVO in USA, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date13 May 2026
- Listed onNASDAQ: FRVO
- Listed entityFervo Energy Company
- Exchange sectorUtilities
- ISINUS31556C1062
- Share price$11.98 (-6.92% on the day) · 2026-10-13
- Market capitalisation$3.53B
- Volume (last session)11,163,478
Timeline of Fervo Energy
5 dated milestones of Fervo Energy across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Fervo Energy is founded.
- Funding First funding round of $200K.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Debt – Conventional, of $421.0M.
- IPO Lists on the stock exchange (IPO).
Web traffic of Fervo Energy
The website of Fervo Energy (fervoenergy.com) receives about 51.4K visits a month and ranks #650,877 among all websites worldwide, #9,890 in Energy Industry.
- Monthly visits51.4K
▲ 7.7% vs previous month
- Unique visitors21.3K
per month
- Global rank#650,877
among all websites
- Category rank#9,890
Heavy Industry and Engineering · Energy Industry
- Bounce rate34%
- Pages per visit2.5
- Average visit26 sec
- DevicesDesktop 41% · Mobile 59%
Websites whose visitors overlap most with Fervo Energy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| quaise.energy | 100% | 5.1K | #3,799,431 | View details | |
energystartups.org | energystartups.org | 99% | – | ||
| thinkgeoenergy.com | 91% | #559,139 | View details | ||
| eavor.com | 88% | 34.1K | #818,295 | View details | |
| utilitydive.com | 85% | 680.7K | #209,460 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Fervo Energy
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- 11 similar websites
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Top companies in Renewable Energy Platforms
3 companies that operate in the same segment as Fervo Energy (Renewable Energy Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Solar panel tracking software is provided for monitoring and control. | 2013 | Fremont, California, United States | USD 42.63 M | USD 3.56 B | 1,300 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Related news about Fervo Energy
Complete news archive for Fervo Energy
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Frequently Asked Questions about Fervo Energy
Fervo Energy was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Fervo Energy is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Fervo Energy is a funded company, having raised a total of $1.12B across 11 funding rounds to date. The company's 1st funding round was a Series B of $28M, raised on Jun 2020.
Fervo Energy has 305 employees.
Fervo Energy was founded in 2017 and is headquartered in San Francisco, United States. Operations center on advancing geothermal energy through horizontal drilling and distributed fiber optic sensing technologies. These efforts aim to access untapped geothermal resources for scalable, carbon-free power generation. The company prioritizes environmental health and safety while targeting decarbonization in electricity sectors.
Fervo Energy offers Geothermal Energy Projects and Technology Solutions.
Yes, Fervo Energy is publicly traded on NASDAQ under the ticker symbol FRVO.
Fervo Energy has 43 investors. Key investors include Google, J P Morgan, Bank of America, Devon Energy, and Mercuria.
The valuation of Fervo Energy is $7.37B as of May 2026.
Fervo Energy operates through Fervo Energy.