{{pp|small=yes}} {{Short description|Geothermal energy company}} {{Multiple issues| {{Cleanup-PR|1=article|date=February 2026}} {{Undisclosed paid|date=February 2026}} }} {{Infobox company | name = Fervo Energy | logo = | logo_size = 225px | image = | image_size = 250px | image_alt = | image_caption = Drilling rig at Cape Station in Milford, Utah. | type = Private | founded = {{Start date and age|2017}} | founders = Tim Latimer and Dr. Jack Norbeck | hq_location = Houston, Texas, U.S. | key_people = | industry = {{ubl|Alternative energy|Renewable energy}} | products = {{ubl|Geothermal power|Energy recovery}} | parent = | divisions = | subsid = | website = {{url|fervoenergy.com}} | footnotes = }} '''Fervo Energy''' is a geothermal company based in Houston, Texas, that generates electricity through enhanced geothermal systems (EGS). Fervo Energy was co-founded in 2017 by CEO Tim Latimer, a mechanical engineer who worked as a drilling engineer at BHP until 2015, and CTO Jack Norbeck.<ref>{{Cite web |title=The U.S. Shale Revolution |url=https://www.strausscenter.org/energy-and-security-project/the-u-s-shale-revolution/ |access-date=2024-02-16 |website=The Strauss Center |language=en-US}}</ref><ref name=":0">{{Cite web |date=2023-07-18 |first1=Jack Hunter |last1=Norbeck |first2=Timothy |last2=Latimer|type=preprint submitted to EarthArXiv |title=Commercial-Scale Demonstration of a First-of-a-Kind Enhanced Geothermal System |url=https://eartharxiv.org/repository/view/5704/ |access-date=2024-04-08 |website=eartharxiv.org|language=en-US}}</ref>
In 2023, Fervo Energy announced that its first commercial pilot geothermal plant, Project Red, was successful in generating three megawatt of baseload power and consistently maintained flow rates of {{convert|60|l|gal}} per second. It is also developing Cape Station, the company's first multi-phased greenfield geothermal development.
== Financing == In 2021, Fervo Energy signed a 115 megawatt power purchase agreement with NV Energy to supply carbon-free baseload electricity for Google's data centers in Nevada. The agreement was enabled through NV Energy’s Clean Transition Tariff, which was described as a first-of-its-kind rate structure to support carbon-free energy investment.<ref>{{Cite web |date=2023-07-18 |title=Fervo Energy Announces Technology Breakthrough in Next-Generation Geothermal - Fervo Energy |url=https://fervoenergy.com/fervo-energy-announces-technology-breakthrough-in-next-generation-geothermal/ |access-date=2024-02-16 |website=fervoenergy.com |language=en-US}}</ref><ref>{{Cite web |title=A first-of-its-kind geothermal project is now operational|first=Michael |last=Terrell|date=November 28, 2023|work=The Keyword|publisher=Google |url=https://blog.google/outreach-initiatives/sustainability/google-fervo-geothermal-energy-partnership/}}</ref>
Fervo Energy has been backed by over $1.5 billion in equity, debt and grant funding. In November 2025, Fervo Energy received $462 million of Series E funding, led by B Capital, with participation from returning investors including Breakthrough Energy, Centaurus Capital, and Congruent Ventures, among others.<ref>{{Cite web |date=2025-12-10 |title=Fervo Energy Raises $462 Million Series E to Accelerate Geothermal Development and Meet Surging Energy Demand with Clean, Firm Power |url=https://fervoenergy.com/fervo-energy-raises-462-million-series-e-to-accelerate-geothermal-development-and-meet-surging-energy-demand-with-clean-firm-power/|access-date=2026-02-12 |website=fervoenergy.com |language=en-US}}</ref>
Fervo Energy has supported the development of Cape Station through long-term power purchase agreements. The company has announced agreements to supply carbon-free baseload electricity from Cape Station customers, including Southern California Edison (SCE), Clean Power Alliance (CPA), as well as other offtakers. In April 2025, Fervo announced that it has contracted to sell 31 megawatts of power to Shell Energy North America.<ref>{{Cite web |last=Roth |first=Sammy |date=2024-06-25 |title=Column: Good news for 100% clean energy. Geothermal has finally arrived |url=https://www.latimes.com/environment/newsletter/2024-06-25/column-get-ready-california-geothermal-energy-has-finally-arrived-boiling-point |access-date=2024-06-27 |website=Los Angeles Times |language=en-US}}</ref><ref>{{Cite web|date=2025-04-15 |title=Column:Fervo Energy Announces 31 MW Power Purchase Agreement with Shell Energy|url=https://fervoenergy.com/fervo-energy-announces-31-mw-power-purchase-agreement-with-shell-energy/|access-date=2026-02-17 |website=Fervo Energy |language=en-US}}</ref>
== Projects & developments ==
=== Project Red === On July 18, 2023, Fervo Energy announced the completion of its first geothermal plant in Nevada.<ref>{{Cite web |last=Clifford |first=Catherine |date=2023-07-18 |title=Fervo Energy hits milestone in using oil drilling technology to tap geothermal energy |url=https://www.cnbc.com/2023/07/18/fervo-energy-hits-milestone-using-oil-drilling-tech-to-tap-geothermal.html |access-date=2024-03-21 |website=CNBC |language=en}}</ref> Known as Project Red, it was the first use of horizontal wells in an EGS system and was designed to demonstrate the technical and commercial viability of adapting horizontal drilling techniques for geothermal development.<ref>{{Cite web |date=2023-11-28 |title=America's first 'enhanced' geothermal plant just got up and running |url=https://www.canarymedia.com/articles/geothermal/americas-first-enhanced-geothermal-plant-just-got-up-and-running |access-date=2024-06-27 |website=Canary Media |language=en}}</ref> The two wells attained a true vertical depth of {{convert|8,000|feet|meters}}, with horizontal laterals extending roughly {{convert|3,250|feet|meters}}. The geothermal gradient measured approximately 75°C per kilometer and the plant attained flow rates of up to {{convert|63|l|gal}} per second and generated 3.5 megawatt of baseload electricity.<ref name=":0" />
=== Cape Station development === thumb|right|Cape Station Construction, December 2025. On September 25, 2023, Fervo held its groundbreaking ceremony for its Cape Station development outside Milford, Utah. Fervo estimates that the plant has the potential to generate up to 500 megawatts of electrical power with permits allowing to scale up to 2 gigawatts. Lateral well lengths were proposed to be increased to beyond {{convert|10,000|ft|m}}.<ref name=":0" /><ref>{{cite journal |url=https://www.researchgate.net/figure/Effect-of-flow-rate-and-well-length-on-wellbore-friction_fig2_245418170 |last1=Penmatcha |first1=V. R. |last2=Arbabi |first2=Sepehr |last3=Aziz |first3=Khalid |title=Effects of Pressure Drop in Horizontal Wells and Optimum Well Length |journal=SPE Journal |date=1 September 1999 |volume=4 |issue=03 |pages=215–223 |doi=10.2118/57193-PA}}</ref> Drilling was conducted in hard metasedimentary and igneous formations.
Cape Station is expected to come online by 2026 and later add 400 megawatts of capacity.<ref>{{Cite web |title=Fracking for heat: Utah could become home to world’s largest enhanced geothermal plant |url=https://www.sltrib.com/news/2024/03/09/fracking-heat-utah-could-become/ |access-date=2024-06-27 |website=The Salt Lake Tribune |language=en-US}}</ref>
=== Upcoming projects === thumb|right|Appraisal Rig at Project Blanford The Corsac Station Enhanced Geothermal Project is a planned project in northern Nevada, supported by a 115 megawatt power purchase agreement with NV Energy to serve Google's Nevada data center operations.<ref>{{Cite web |date=2024-11-11 |title=Power plant profile: Corsac Station Enhanced Geothermal Project, US |url=https://www.power-technology.com/marketdata/power-plant-profile-corsac-station-enhanced-geothermal-project-us/?cf-view|access-date=2026-02-13 |website=Power Technology |language=en}}</ref>
== References == {{reflist}}
== External links ==
* [https://fervoenergy.com/ Fervo Website] * [https://capestation.com/ Cape Station Website]
Category:Wikipedia Student Program Category:Geothermal energy in the United States Category:Energy companies of the United States