OrbitonOpen research workspace →

Fervo Energy Co.

NASDAQ:FRVOLive AI agent

Fervo Energy is a leading developer, owner, and operator of next-generation geothermal assets, focusing on providing 24/7 carbon-free energy to meet the growing demand for reliable and clean energy solutions.

Investor website: https://fervoenergy.com/

About

Fervo Energy is a leading developer, owner, and operator of next-generation geothermal assets, focusing on providing 24/7 carbon-free energy to meet the growing demand for reliable and clean energy solutions. The company utilizes advanced geothermal technology to produce electricity efficiently while minimizing environmental impact, aiming to significantly increase geothermal energy production capabilities and project viability across the United States.

Verified company data

Cash position
$2,106,371
Shares outstanding
70000000
Fully diluted shares
80500000
Projects
["Cape Station: Located in Beaver County, Utah, Cape Station is a next-generation geothermal energy project set to deliver 400 MW of 24/7 carbon-free electricity. It will begin delivering around-the-clock, clean power to the grid in 2026 and reach full scale production in 2028. The project will provide roughly 6,600 jobs during construction and 160 full-time jobs throughout its operations, generating more than $437 million in earned wages. The Utah Bureau of Land Management (BLM) approved the project’s first Environmental Assessment (EA), allowing Fervo to commence exploration activities at the Cape Station site. The project is positioned to channel $1.1 billion to supply chains and local businesses, catalyzing critical growth in the county."]
Leadership
Tim Latimer (CEO and Co-Founder, Tim Latimer has served as our Chief Executive Officer and a member of our board of directors since 2018. He has extensive knowledge and experience in geothermal energy development and renewable energy markets.), Jack Norbeck, PhD (CTO and Co-Founder, Jack Norbeck, PhD, has served as our Chief Technology Officer since 2017 and held various expert research and engineering roles in the energy and infrastructure sectors.), David Ulrey (CFO, David Ulrey has served as Chief Financial Officer of Fervo Energy since 2021. He has held finance and leadership positions in the energy and infrastructure sectors.), Christian Gradl (SVP, GeoBlock Factory, Christian Gradl is Fervo Energy’s Senior Vice President, GeoBlock Factory, leading engineering, construction, and delivery for Fervo’s modular wellfield and power facilities.), Sarah Jewett (Chief Operating Officer, Sarah Jewett serves as Chief Operating Officer at Fervo Energy, overseeing core corporate operations that drive the company's growth.), Dawn Owens (SVP, Head of Development & Commercial Markets, Dawn Owens has served as Senior Vice President, Head of Development & Commercial Markets at Fervo Energy since 2020.), Gustavo Torres (SVP, General Counsel & Corporate Secretary, Gustavo Torres has served as Senior Vice President, General Counsel & Corporate Secretary of Fervo Energy since 2023.), Quinn Woodard (VP, Operations, Quinn Woodard Jr. serves as Fervo’s Vice President, Operations, leading engineering, construction, and delivery of Fervo’s power facilities.)

Verified data last updated:

Recent filings