| Ticker: | FRVO |
| Current Price: | $10.94 |
| % Daily Change: | -8.68% |
| Volume (1,000s): | 7,445.90 |
| Average Volume (1,000s): | 0.00 |
| Market Cap (M): | $3,223.38 |
| 1/2/2024 Price: | $27.00 |
| Change Since Inception: | -59.48% |
Fervo Energy Company
811 Main Street, Suite 1700
Houston, TX 77002
Fervo Energy is a technology-driven power producer developing enhanced geothermal systems to deliver clean, firm electricity around the clock. The company applies horizontal drilling and completion methods adapted from oil and gas to reach geothermal resources that conventional approaches cannot, serving utilities, industrial users and the fast-growing AI and data center market.
At the core of its approach is a repeatable, manufacturing-style well design. Fervo’s latest generation pairs long horizontal laterals with simultaneous multi-well stimulation to raise output per well and lower cost with each successive project, a cost curve the company tracks across its drilling program.
Fervo’s flagship development is Cape Station in Beaver County, Utah, among the largest geothermal projects under construction in the United States, with first power targeted for late 2026 and additional phases to follow. The company contracts its output under long-term power purchase agreements, including a multi-year framework with Google, positioning geothermal as firm, carbon-free capacity for an increasingly electricity-intensive economy.