Fervo Energy is a geothermal energy company focused on developing next-generation geothermal power using enhanced geothermal systems (EGS). Founded in 2017 by Tim Latimer and Jack Norbeck, the company leverages technologies from the oil and gas industry, such as horizontal drilling and distributed fiber optic sensing, to create cost-effective and scalable carbon-free power. Latimer serves as CEO, while Norbeck is the CTO. The company is headquartered in Houston, Texas.
Fervo Energy's primary focus is on developing, owning, and operating geothermal assets. Their flagship project is the 400 MW Cape Station in Utah, expected to begin delivering electricity to the grid in 2026. The company's approach involves drilling horizontally into geothermal reservoirs, tapping into previously inaccessible hot rock formations. Fervo utilizes fiber-optic cables and AI to gather and analyze real-time data, optimizing reservoir performance. Recent news includes the successful completion of an appraisal drilling campaign at a new site, Project Blanford, with confirmed resource temperatures exceeding 555°F. In December 2025, Fervo Energy closed an oversubscribed $462 million Series E funding round. As of January 2026, Fervo Energy has reportedly filed for an IPO.
