When was Fervo Energy founded?

Fervo Energy was founded in 2017 and raised its 1st funding round 3 years after it was founded.

Where is Fervo Energy located?

Fervo Energy is headquartered in San Francisco, United States.

How many employees does Fervo Energy have?

As of Aug 31, 2026, the latest employee count at Fervo Energy is 303.

Is Fervo Energy a funded company?

Fervo Energy is a funded company, having raised a total of $1.12B across 12 funding rounds to date. The company's 1st funding round was a $200K Grant (prize money) round, raised on Jun 29, 2020.

When was the latest funding round of Fervo Energy?

Fervo Energy's latest funding was a $421M Conventional Debt round on Mar 19, 2026, with participation from 3 investors. Its primary sector is Renewable Energy Tech. In United States, the Renewable Energy Tech sector has seen $5.67B in funding in 2026 to date.

Is Fervo Energy a Renewable Energy Tech company?

The primary sector of Fervo Energy is Renewable Energy Tech.

Where does Fervo Energy rank among its competitors?

Fervo Energy ranks 1st amongst 16 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Fervo Energy, which secured $421M in Mar, 2026.

Who are the top competitors of Fervo Energy?

Fervo Energy's top competitors include Eavor, Sage Geosystems and Lava Power. Among them, Fervo Energy secured the most recent funding round in March, 2026.

Fervo Energy - 2026 Company Profile, Team, Funding & Competitors

Fervo Energy is a public company based in San Francisco (United States), founded in 2017 by Tim Latimer. It operates as a Developer of next-generation geothermal projects delivering carbon-free energy. Fervo Energy has raised $1.12B in funding from investors like Capricorn, Devon Energy and DCVC. The company has 16 active competitors, including 2 funded and 2 that have exited. Its top competitors include companies like Eavor, Sage Geosystems and Lava Power.

Sectors and market segments that Fervo Energy operate in

Fervo Energy serves in the Energy Tech, Environment Tech, Sustainability Tech market segments.The primary business model of Fervo Energy are:

Company Details

Developer of next-generation geothermal projects delivering carbon-free energy. It pioneers a new approach to geothermal energy using technologies like horizontal drilling and distributed fiber optic sensing to unlock geothermal resources. It focuses on making geothermal energy a scalable resource and ensures environmental health and safety in its operations. The company aims to decarbonize challenging parts of the electricity sector through geothermal energy.

Website: fervoenergy.com
Email ID: *****@fervoenergy.com

Key Metrics

Founded Year

2017

Location

San Francisco, United States

Stage

Public

Total Funding

$1.12B in 12 rounds

Latest Funding Round

Conventional Debt, Mar 19, 2026, $421M

Investors

Capricorn & 41 more

Ranked

1^st among 16 active competitors

Employee Count

303 as on Aug 31, 2026

Similar Companies

Eavor & 16 more

Exit Details

Public

View Fervo Energy's full profile

Fervo Energy is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FERVO ENERGY COMPANY CIN: 6423450 , United States, Active	May 26, 2017	-	-	-

Fervo Energy got listed on May 13, 2026.

Click here to take a look at Fervo Energy's IPO in detail

Fervo Energy has raised a total funding of $1.12B over 12 rounds. Its first funding round was on Jun 29, 2020. Its latest funding round was a Conventional Debt round on Mar 19, 2026 for $421M. 3 investors participated in its latest round. Fervo Energy has 39 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Fervo Energy:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 19, 2026	$421M	Conventional Debt	-	-	-	J P Morgan, Bank of America, Sumitomo Mitsui Trust Bank
Dec 04, 2025	$462M	Series E	-	-	B Capital	AllianceBernstein, Atacama Ventures, Carbon Equity, Climate First, Google, Mitsui, Jb Straubel, Breakthrough Energy, CalSTRS, Capricorn, Centaurus Capital, Congruent Ventures, CPP Investments, DCVC, Devon Energy, Echelon, Galvanize Climate Solutions, Impact Science Ventures, Liberty Mutual Investments, Marunouchi Innovation Partners, Mercuria, Mitsubishi, Sabanc Climate Tech
Sep 30, 2025	$22.1M	Grant (prize money)	-	-	-	OSTI

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View details of Fervo Energy's funding rounds and investors

The founders of Fervo Energy is Tim Latimer.

Here are the details of Fervo Energy's key team members:

Tim Latimer: Co-Founder of Fervo Energy.
Contact Info: 1 email address and 1 phone number

View details of Fervo Energy's Founder profiles and Board Members

Fervo Energy's employee count trend

Fervo Energy has 303 employees as of Aug 26. Here is Fervo Energy's employee count trend over the years:

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Top competitors of Fervo Energy include Eavor, Sage Geosystems and Lava Power. Here is the list of Top 10 competitors of Fervo Energy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fervo Energy 2017, San Francisco (United States), Public	Developer of next-generation geothermal projects delivering carbon-free energy	$1.12B	AllianceBernstein, Capricorn & 40 others	63/100
2nd	Eavor 2017, Calgary (Canada), Acquired	Provider of solutions for generating electricity from geothermal energy	$245M	OMV Group, Vickers Venture Partners & 13 others	61/100
3rd	Sage Geosystems 2020, Bellaire (United States), Series B	Developer of geo-thermal energy projects	$154M	Carbon Direct Capital, Nabors & 11 others	56/100
4th	Lava Power 2020, Sdot Yam (Israel), Seed	Developer of heat engine technology converting heat into zero-emission electricity	$7M	Grove Ventures, Extantia & 3 others	38/100
5th	Methanol Reformer Molins De Rei (Spain), Unfunded	Provider of methanol reforming technology for hydrogen and electricity generation	-	-	37/100
6th	Celsius Energy 2015, Clamart (France), Unfunded	Provider of geothermal energy solutions for building heating and cooling. This company designs, implements, and maintains geothermal systems, reducing carbon emissions and energy consumption in various building types, including residential, commercial, and institutional structures. They also offer digital assistance for system operation and optimization, along with financing options to facilitate project implementation. The company's approach focuses on a complete solution, from initial design to ongoing maintenance, ensuring optimal energy performance and cost savings for clients.	-	-	29/100
7th	Green Therma 2023, Copenhagen (Denmark), Funding Raised	Developer of geothermal energy solutions	-	Eudp	29/100
8th	GEIOS 2021, Miami (United States), Unfunded	Provider of AI-driven exo-geothermal solutions for geothermal energy operators	-	-	25/100
9th	Eavor Germany, Unfunded	Developer of closed-loop geothermal systems for heat and power generation	-	-	21/100
10th	Iwatec 1989, Japan, Unfunded	Provider of renewable energy solutions, including geothermal and biomass power	-	-	20/100