Fervo Energy

Fervo Energy develops and operates enhanced geothermal systems that produce continuous electricity from subsurface heat. Its operating model combines project development, horizontal drilling, multistage well stimulation, reservoir engineering, power generation, and long-term electricity sales. The company adapts oil and gas drilling techniques to access geothermal resources in locations where conventional development is constrained by geology. Its technology uses parallel horizontal wells, engineered fracture networks, and fiber-optic sensing to circulate fluid through hot rock and manage reservoir performance. Fervo serves utilities, grid operators, and large electricity users, including data centers, while developing utility-scale projects such as Cape Station in Utah. Its strategic focus centers on scaling geothermal generation through repeatable well designs and larger multi-well developments.