Fervo Energy has raised a total of $655 million over multiple funding rounds, achieving unicorn status in February 2025. Headquartered in San Francisco, the company develops next-generation geothermal projects delivering carbon-free energy. Leveraging technologies like horizontal drilling and distributed fiber optic sensing, Fervo unlocks geothermal resources to provide scalable, environmentally responsible energy. Its mission is to decarbonize challenging sectors of electricity generation while maintaining environmental health and safety in all operations.
Keep reading to explore Fervo Energy’s funding history, key investors, and what’s next for this renewable energy tech leader.
What Is Fervo Energy and What Does It Do?
Founded in 2017 and headquartered in San Francisco, California, United States, Fervo Energy pioneers advanced geothermal energy solutions. The company uses innovative techniques, including horizontal drilling and distributed fiber optic sensing, to unlock geothermal resources for scalable, carbon-free electricity.
Fervo focuses on environmental safety and operational efficiency, enabling the decarbonization of the electricity sector. Its geothermal projects aim to provide reliable and sustainable energy to meet the growing global demand for renewable power.
How Much Funding Has Fervo Energy Raised?
- Series A
- Amount Raised: $75M
- Date: 2019
- Motivation: Expand geothermal pilot projects and scale technology.
- Series B
- Amount Raised: $180M
- Date: 2021
- Motivation: Infrastructure expansion and operational scaling.
- Series C
- Amount Raised: $300M
- Date: 2023
- Motivation: Accelerate project deployment and R&D initiatives.
- Series D
- Amount Raised: $100M
- Date: June 11, 2025
- Lead Investors: CPP Investments, DCVC
- Motivation: Global expansion, technology enhancement, and achieving unicorn status.
Total Funding Raised: $655M
Latest Funding Date: June 11, 2025
Key Investors
- CPP Investments
- Details: Global investment management organization focusing on sustainable, long-term growth.
- Investment Focus Areas: Renewable energy, infrastructure, and high-impact technologies.
- Notable Investments: Clean energy and climate-focused technology companies.
- DCVC (Data Collective)
- Details: Venture capital firm investing in deep tech and sustainability innovations.
- Investment Focus Areas: Renewable energy tech, geothermal energy, and advanced engineering solutions.
- Notable Investments: High-growth energy and climate tech startups.
Where Is Fervo Energy’s Headquarters?
Fervo Energy is headquartered in San Francisco, California, United States, providing access to technology talent, renewable energy investors, and strategic partnerships in clean energy sectors.
What’s Next for Fervo Energy?
With unicorn status, Fervo Energy plans to scale its geothermal energy projects globally, enhance technology adoption, and drive decarbonization in challenging electricity sectors. The company aims to expand infrastructure, integrate advanced monitoring technologies, and provide sustainable, carbon-free energy solutions while maintaining environmental safety and operational excellence.
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