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Fervo Energy Co.

NASDAQ:FRVOLive AI agent

Fervo Energy is a 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 electricity.

Investor website: https://fervoenergy.com/

About

Fervo Energy is a 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 electricity. The company utilizes modern Organic Rankine Cycle technology to convert geothermal energy into electricity efficiently, ensuring minimal environmental impact and promoting sustainable energy solutions.

Verified company data

Cash position
$280,776
Shares outstanding
157,003
Fully diluted shares
80500000
Projects
["Fervo Energy Secures $421 Million in Non-Recourse Project Financing for Cape Station\n\nMarch 19, 2026\n\nHOUSTON, TX (March 19, 2026) – Fervo Energy, the global pioneer of next-generation geothermal deployment, today announced the successful close of $421 million in non-recourse debt financing for the first phase of its flagship Cape Station development. This oversubscribed financing marks Cape Station’s transition from early stage and bridge funding to a long-term, non-recourse project capital structure, underscoring EGS’s bankability as a utility-scale infrastructure asset.\n\nLocated in Beaver County, Utah, Cape Station will begin delivering first power to the grid in 2026, reaching approximately 100 MW of operating capacity by early 2027, with plans to scale to 500 MW. The development is fully contracted through power purchase agreements (PPAs) with Southern California Edison, Shell Energy, and community choice aggregators.\n\nCape Station’s Phase I comprises approximately 100 MW across three 33-megawatt GeoBlocks. The first GeoBlock produced 33 MW of net power production, showing even in these early stages the GeoBlock is performing to expectations. Commissioning continues at the remaining two Phase I GeoBlocks, which are expected to reach contractual COD by January 1, 2027. The next phase, an additional 400 MW, is already under construction, with an expected COD in 2028."]
Leadership
Tim Latimer (CEO and Co-Founder), Jack Norbeck, PhD (CTO and Co-Founder), Sarah Jewett (COO), Christian Gradl (SVP, GeoBlock Factory), Dawn Owens (SVP, Head of Development & Commercial Markets), Gustavo Torres (SVP, General Counsel & Corporate Secretary), David Ulrey (CFO), Quinn Woodard (VP, Operations), Meg Whitman (Lead Independent Director), Robert Keehan (Independent Director), Jessica Uhl (Independent Director), Trey Lowe (Director), Anne Cleary (Independent Director), Ion Yadigaroglu (Independent Director)

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