Fervo Energy Company

Fervo Energy Company is a Houston, Texas-based geothermal energy developer established in 2017 by co-founders Tim Latimer (CEO) and Jack Norbeck (CTO). The company's mission is to transform geothermal energy into a dependable and affordable source of clean, 24/7 power, accelerating the transition to carbon-free energy. Fervo Energy's headquarters are located at 811 Main Street, Suite 1700, Houston, TX 77002.

Fervo Energy specializes in generating electricity through enhanced geothermal systems (EGS), leveraging advanced technologies such as horizontal drilling, distributed fiber optic sensing, computational models, and subsurface analytics. This approach allows them to expand geothermal's potential beyond traditional resource areas, providing reliable, carbon-free baseload power to utility-scale customers, including hyperscalers like AI data centers. The company's revenue is primarily derived from the sale of electricity through long-term Power Purchase Agreements (PPAs).

Fervo Energy became a publicly traded company on May 13, 2026, listing on NASDAQ under the ticker symbol FRVO, following an initial public offering that raised approximately $2.2 billion. Key projects include Project Red, its first commercial pilot which successfully generated baseload power in 2023, and Cape Station, a multi-phased greenfield development in Utah expected to begin delivering power in late 2026, with plans to scale significantly. The company has secured significant power purchase agreements, including a seven-year framework agreement with Google to support up to 3 gigawatts of geothermal capacity through 2033. Fervo Energy is also collaborating with NVIDIA and the Pacific Northwest National Laboratory to develop an AI-powered digital twin platform (EGS-Twin) to optimize geothermal development.