The Venture Codex

Company Details

Fervo Energy

910 Louisiana Street, Suite 4400, Houston, Texas, 77002, United States

Overview

Next-generation geothermal power projects for low-carbon electricity.

Total Raised

$1.5 B

Rounds

10

Links

Verticals

Energy

Energy Efficiency

Energy Management

Nuclear

Renewable Energy

Investment History

Debt Financing
Mar 2026
$51M
Series E
Dec 2025
$462M
Devon Energy AllianceBernstein Mitsubishi Heavy Industries Carbon Equity Atacama B Capital Group · Lead Canada Pension Plan Investment Board Mercuria Centaurus Capital Data Collective Liberty Mutual Investments Congruent Ventures Breakthrough Energy Ventures Sabanci Climate Ventures Echelon CalSTRS Marunouchi Innovation Partners Impact Science Ventures Capricorn Investment Group
Preferred
Jun 2025
$100M
X-Caliber Rural Capital Breakthrough Energy Ventures
Equity
Dec 2024
$135M
Breakthrough Energy Ventures Canada Pension Plan Investment Board Liberty Mutual Investments Sabanci Climate Ventures Capricorn Investment Group · Lead CalSTRS Galvanize Climate Solutions Data Collective Devon Energy Congruent Ventures
Equity
Feb 2024
$244M
Devon Energy · Lead Elemental Excelerator Marunouchi Innovation Partners Impact Science Ventures Data Collective Liberty Mutual Investments Congruent Ventures Capricorn Investment Group Galvanize Climate Solutions Helmerich & Payne Mercuria Mitsubishi Heavy Industries

Team

Tim Latimer

Co-Founder & Chief Executive Officer

Jack Norbeck

Co-founder and CTO

David Ulrey

CFO

Joel Moxley

Founding Investor