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Press Releases

Fervo Energy Announces Investment From US Oil And Gas Leader Devon Energy

April 18, 2023

The $10 million strategic investment underscores Devon’s confidence in the growth of the geothermal industry and Fervo’s winning approach.

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Fervo Energy to Develop Combined Geothermal and Direct Air Capture Facility

February 23, 2023

Next-generation technology will power carbon dioxide removal with clean energy, with support from the Chan Zuckerberg Initiative Houston (February 23, 2023) – Fervo Energy, the

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Fervo Announces 20 MW Power Purchase Agreement to Provide 24/7 Carbon-Free Geothermal Electricity to Southern California

November 10, 2022

HOUSTON–(BUSINESS WIRE)–Today, Fervo Energy announced the execution of a 20 MW power purchase agreement to provide 24/7 carbon-free geothermal power to a group of nine

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Fervo Energy to Provide 24/7 Carbon-Free Geothermal Electricity to Clean Power Alliance’s Three Million Southern California Customers

October 11, 2022

15-year contract will provide enough reliable energy to power more than 13,500 Southern California homes while avoiding over 21,000 Metric Tons of Greenhouse Gas emissions

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Fervo raises $138 million for 24/7 carbon-free next-generation geothermal energy

August 22, 2022

Fervo announced today that it has closed a $138 million Series C financing round led by DCVC to build new 24/7 carbon-free energy.

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Fervo announces 40 MW PPA with EBCE

May 24, 2022

Fervo announces a 40 MW power purchase agreement to provide firm, clean geothermal power to EBCE, a large California-based Community Choice Aggregator.

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Fervo Joins UN, Google, and Others to Launch a 24/7 Carbon Free Energy Compact

September 24, 2021

Leading energy buyers, suppliers, solutions providers and governments launch a 24/7 Carbon-Free Energy Compact in partnership with Sustainable Energy for All and the UN Energy.

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Fervo Announces Series B Fundraise

April 30, 2021

Fervo raises $28 million to scale next generation geothermal technology.

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Fervo Selected For DOE FORGE Grant

February 24, 2021

Fervo selected as one of seventeen recipients of a $46 million DOE Frontier Observatory for Research in Geothermal Energy (FORGE) grant.

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Fervo Energy and Turboden Announce Partnership

January 20, 2021

Fervo Energy, a US-based geothermal developer, and Turboden, a pioneer in the industry of Organic Rankine Cycle (binary) power plants, are excited to announce a

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Developing next-generation geothermal projects to deliver 24/7 carbon-free energy.

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