Fervo Energy

Public

Houston, TexasEnergyhttps://fervoenergy.com

Fervo Energy is now publicly traded

The data on this page reflects Fervo Energy's private-market history up to the point it went public, including its funding rounds, valuation, and investors.

Went Public

May 13, 2026

Last Round

Grant

Sep 22, 2026

Total Funding Raised

$3.65B

Company Overview

Fervo Energy operates in Energy and is based in Houston, Texas. Its recorded funding history includes a Debt round in March 2026.

Fervo Energy is an energy company that develops, owns, and operates next-generation geothermal power projects to provide carbon-free electricity.

Sector

Energy

Verticals

CleanTech, Climate Tech

AI Layer

Application

Fervo Energy Comparables

Compare Fervo Energy with similar companies based on industry and business-model similarity.

Fervo Energy comparables — related companies by embedding similarity
Company	Similarity	Market Cap
Eavor Technologies Inc.	81%	Demo
Ormat	79%	Demo
AltaRock Energy	78%	Demo

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Fervo Energy Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Grant	Sep 22, 2026	Demo	Demo	Demo	Demo
IPO	May 13, 2026	Demo	Demo	Demo	Demo
Debt	Mar 19, 2026	Demo	Demo	Demo	Demo
Series E	Dec 10, 2025	Demo	Demo	Demo	Demo
Private Equity	Jun 11, 2025	Demo	Demo	Demo	Demo
Debt	Jun 11, 2025	Demo	Demo	Demo	Demo

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Key People

Founding team and executive leadership

Jack Norbeck

Co-Founder And CTO

Founding Team

Richard Chow

CEO Coach Advisor

Executive Team

Tim Latimer

Chief Executive Officer

Executive Team

David Ulrey

Chief Financial Officer

Executive Team

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Fervo Energy Investors

Notable investors and investment history

Fervo Energy investors
Investor	Rounds
Impact Science	Series D, Series E
Centaurustradingandinvestment	Series D, Series E
CPP Investments	Series D, Series E, Series C
Norges Bank Investment Management	IPO
Barclays Bank PLC	Debt
AllianceBernstein	Series E
Capricorn Investment Group	Series D, Series E, Series C, Series B

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Recent news

Latest coverage and updates

has_lossNov 9, 2026
Fervo Energy, a geothermal energy developer in Texas, reports a $19.5M loss in its third quarter on Nov 9th '26.
has_earningsNov 9, 2026
Fervo Energy reports $11.7M in third-quarter net income despite a $43.7 million operating loss in Q3 '26.
has_lossNov 9, 2026
In its Q3 earnings report, geothermal company Fervo Energy reports a $43.7M operating loss.
has_revenueNov 9, 2026
Fervo Energy has $11.9B in contracted revenue under binding power purchase agreements, according to its third-quarter results on Nov 9th '26.
has_issues_withNov 7, 2026
Wolf Haldenstein Adler Freeman & Herz LLP investigates potential securities fraud claims on behalf of Fervo Energy's shareholders on Sep 8th '26, concerning whether Fervo Energy and certain officers or directors engage in securities fraud or other unlawful business practices.