Latest Fervo Energy News & Updates
See the latest news and media coverage for Fervo Energy. We track all announcements, press releases, and industry mentions in real time, all in one place.
Next-generation geothermal energy developer
fervoenergy.com- Headquarters
- Houston, United States
- Founded year
- 2017
- Company type
- Private company
- Number of employees
- 50–250
Last updated
Latest news about Fervo Energy
In short: Fervo Energy launched an IPO for its geothermal business and secured over $1 billion in cumulative funding for its Utah-based Cape Station project.
Company announcements
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Fervo Energy announces IPO launch
The company launches roadshow for 55,555,555 Class A shares priced $21-$24, with underwriters' option for 8,333,333 more. Listing planned on Nasdaq as FRVO.
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Fervo Energy announces filing of S-1 for IPO
The company applies to list on Nasdaq under 'FRVO'. J.P. Morgan, BofA Securities, RBC Capital Markets, and Barclays lead the offering. Terms remain undetermined.
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Fervo Energy appoints four new board members
Meg Whitman joins as Lead Independent Director; Robert Keehan, Jessica Uhl, and Trey Lowe also join the board.
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Fervo Energy shares two years of Project Red data
The enhanced geothermal system delivered stable 2.1 MW gross power over 614 days with 98.4% uptime, validating EGS performance and scalability.
Media coverage
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How the Fervo Energy IPO is Paving the Way for a Geothermal Revolution
Spread the loveIn a significant move signaling a breakthrough in the world of renewable energy, Fervo Energy, a leading U.S. geothermal energy developer, is set...
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Geothermal Energy Developer Fervo Seeks $1.33 Billion in US IPO
Fervo Energy Co., a geothermal energy developer, is looking to raise as much as $1.33 billion in a US initial public offering, as more firms...
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American Lending Center Announces Full Repayment of $146 Million EB-5 Senior Loan for Fervo Energy's Cape Station
American Lending Center Announces Complete Repayment of $146 Million EB-5 Senior Loan for Fervo Energy's Cape Station...
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Fervo Energy Company Seeks IPO As Its Geothermal Buildout Ramps
Fervo Energy Company (FRVO) has filed to raise development and expansion capital, per an S-1 registration statement. The firm is developing geothermal power production facilities...
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