Fervo Energy is a Houston-based geothermal developer, co-founded in 2017, that generates carbon-free 24/7 power with enhanced geothermal systems. It adapts oil and gas methods such as horizontal drilling and distributed fiber optic sensing. It is building Cape Station, a 500 MW project in Beaver County, Utah.
Fervo develops, owns and operates next-generation geothermal power plants. Its approach applies horizontal drilling and fiber optic sensing to geothermal resources to deliver firm, carbon-free electricity.
Source: fervoenergy.com, fervoenergy.com
Fervo reported in 2023 that its Project Red pilot in Nevada generated about three megawatts of baseload power. Its Cape Station in Utah is planned for 500 MW: 100 MW in Phase I and 400 MW more in Phase II.
Source: en.wikipedia.org, fervoenergy.com
Fervo sells power to utilities and corporate buyers with 24/7 carbon-free electricity goals. Google, which has worked with Fervo since Project Red, invested in its 2025 round.
Source: fervoenergy.com, fervoenergy.com
Fervo secured $206 million in new financing in June 2025 for Cape Station, and raised a $462 million Series E in December 2025.
Source: fervoenergy.com, fervoenergy.com
We found no Fervo entry in the Science Based Targets initiative dashboard (checked October 16, 2026). Its output is geothermal power, which Fervo describes as carbon-free.
Source: sciencebasedtargets.org
Fervo suits data center and corporate buyers that want firm clean power through long-term offtake agreements.
| Field | Value | Source |
|---|---|---|
| Headquarters | Houston, Texas, USA | PUBLIC SOURCE en.wikipedia.org |
| Founded | 2017 | PUBLIC SOURCE en.wikipedia.org |
| Ownership | No data | NO DATA |
| Employees | No data | NO DATA |
| Revenue (published) | No data | NO DATA |
| Operations and regions | No data | NO DATA |
| Customers and markets | No data | NO DATA |
| Facilities and capacity | Cape Station, 500 MW planned (Utah) | COMPANY WEBSITE fervoenergy.com |
| Technologies | No data | NO DATA |
| Certifications and standards | No data | NO DATA |
| Partners and named customers | No data | NO DATA |
Only what the company or an official register publishes. Targets and commitments are labelled as such. No data means we found no public figure, not that none exists.
| Field | Value | Source |
|---|---|---|
| PUE (published) | No data | NO DATA |
| WUE (published) | No data | NO DATA |
| Renewable energy share | No data | NO DATA |
| SBTi target status | Not found in SBTi export (checked 2026-10-16) | PUBLIC SOURCE sciencebasedtargets.org |
A Houston geothermal developer that uses enhanced geothermal systems. (en.wikipedia.org)
Planned at 500 MW in Beaver County, Utah. (fervoenergy.com)
Google was among investors in its $462 million Series E. (fervoenergy.com)
Accessed Oct 24, 2026.
