HOUSTON, TX, Fervo Energy today announced that it has secured $255 million in new funding.
Fervo Energy, the leader in next-generation geothermal development, today announced that it has secured $255 million in new funding and capital availability as it continues to build the world’s largest enhanced geothermal systems power development. The announced funding comprises both opportunistic corporate equity and new debt financing.
Capricorn’s Technology Impact Fund II led the $135 million corporate equity round. Fervo is excited to welcome new investment and continued support from a suite of high-caliber investors, including Breakthrough Energy Ventures, CalSTRS, Congruent Ventures, CPP Investments, DCVC, Devon Energy, Galvanize Climate Solutions, Liberty Mutual Investments, Mercuria, and Sabanci Climate…
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