Fervo Energy
NASDAQ: FRVOUnicorn · $7.4BHouston, US · Founded 2017 · Delaware corporation · 301 employees on LinkedIn · 21 known investors
Find your way into Fervo Energy
1,148 people in our graph share verified history with the Fervo Energy team — schools, employers, funds. One of them is your warm intro.
Deep Nisharunlockedknows Jack Norbeck · together at Stanford University (overlapped)
×10knows the team · via Stanford University
knows the team · via Berkeley Lab
Fervo Energy develops next-generation geothermal technology using advanced drilling and sensing techniques to unlock carbon-free, 24/7 power generation in previously uneconomic locations.
Founders & leadership
Fervo Energy was founded in 2017 by Tim Latimer and Jack Norbeck.
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Jack NorbeckinCo-Founder and CTOFounder of Fervo Energy, which develops geothermal technology using advanced drilling and sensing techniques to enable carbon-free, around-the-clock power generation.
Board
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Nicholas WalrodinBoard of Directors2019–2026Managing Partner at American Century Private Investments
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Investors · 21
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B Capital GroupManhattan Beach · $10M – $50M
B4 Capital$10M – $50M
Baruch Future VenturesSan Francisco · $100K – $1M
Beast VenturesHong Kong
Breakthrough Energy VenturesBoston · $500K – $50Mvia David Danielson · board
CarbonAmsterdam · $100K
Congruent VenturesSan Francisco · $100K – $5M
DCVC (Data Collective)Palo Alto · $5M – $25Mvia Rachel Slaybaugh · board
DCVC BioPalo Alto
Echo River CapitalMarin County · $10K – $250K
ISVWest Palm Beach
Khosla VenturesMenlo Park · $5K – $50M
Marunouchi Innovation PartnersTokyo
Prelude VenturesSan Francisco · $100K – $5M
Voyager PartnersSan Francisco · $500K – $5M
Capricorn Investment GroupreportedNew York
Galvanize Climate Solutionsreported · 2 sourcesSan Francisco
IMPACT SCIENCE VENTURESreportedPalo Alto
Mercuriareported
Mitsubishi Heavy Industriesreported
Technology ImpactreportedPalo Alto
Funding
SEC filings, press & company announcements$5B disclosed across 7 rounds · 2021–2026
▶$452MraisedDec 2025 · 39 investors · Other EnergyRule 506(b)
▶$452MraisedDec 2025 · 39 investors · Other Energy
Rule 506(b)Officers, directors & promoters on the filing
- Jane WoodwardDirector
- Anne ClearyDirector
- Ion YadigarogluDirector
- Christina KarapatakiDirector
- Jack NorbeckExecutive Officer, Director
- Rachel SlaybaughDirector
- Tanuj DuttaDirector
- Timothy LatimerExecutive Officer, Director
- Offering amount
- $462M
- Amount sold
- $452M
- First sale
- Dec 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$135MraisedDec 2024 · 14 investors · Other EnergyRule 506(b)
▶$135MraisedDec 2024 · 14 investors · Other Energy
Rule 506(b)Officers, directors & promoters on the filing
- Jane WoodwardDirector
- Timothy LatimerExecutive Officer, Director
- Anne ClearyDirector
- Ion YadigarogluDirector
- David Thomas DanielsonDirector
- Tanuj DuttaDirector
- Rachel SlaybaughDirector
- Jack NorbeckExecutive Officer, Director
- Offering amount
- $135M
- Amount sold
- $135M
- First sale
- Dec 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$164.1MraisedMar 2024 · 17 investors · Other EnergyRule 506(b)
▶$164.1MraisedMar 2024 · 17 investors · Other Energy
Rule 506(b)Officers, directors & promoters on the filing
- Timothy LatimerExecutive Officer, Director
- Tanuj DuttaDirector
- Anne ClearyDirector
- Jane WoodwardDirector
- Jack NorbeckExecutive Officer, Director
- David Thomas DanielsonDirector
- Ion YadigarogluDirector
- Rachel SlaybaughDirector
- Offering amount
- $244.1M
- Amount sold
- $164.1M
- Finders' fees
- $1M
- Placement agents
- Goldman Sachs & Co. LLC
- First sale
- Feb 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$138.2MraisedAug 2022 · 24 investors · Other EnergyRule 506(b)
▶$138.2MraisedAug 2022 · 24 investors · Other Energy
Rule 506(b)Officers, directors & promoters on the filing
- David Thomas DanielsonDirector
- Timothy LatimerExecutive Officer, Director
- Jack NorbeckDirector
- Matt TrevithickDirector
- Jane WoodwardDirector
- Ion YadigarogluDirector
- Offering amount
- $138.2M
- Amount sold
- $138.2M
- First sale
- Aug 2022
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$26.3MraisedApr 2021 · 11 investors · Other EnergyRule 506(b)
▶$26.3MraisedApr 2021 · 11 investors · Other Energy
Rule 506(b)Officers, directors & promoters on the filing
- Timothy LatimerExecutive Officer, Director
- David Thomas DanielsonDirector
- Jack NorbeckDirector
- Nicholas WalrodDirector
- Ion YadigarogluDirector
- Offering amount
- $28.3M
- Amount sold
- $26.3M
- First sale
- Mar 2021
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed events$7.4Bvaluation at IPOMay 2026 · $27.00/share · 424B4
filing ↗Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Founder mafia
3 people who came through Fervo Energy went on to found or lead other companies.
Competitors · 4
by search overlap
SLB85 shared keywordsOilfield services and technology company; provides reservoir, drilling, production and digital platforms to energy operators worldwide.
Dandelion Energy76 shared keywordsDandelion Energy designs and installs geothermal heating and cooling systems for homes, positioning geothermal as a primary heating and cooling solution for both new and existing residential buildings.
EnergySage70 shared keywordsEnergySage operates an online marketplace where consumers and businesses can compare and shop for clean energy products such as solar panels, battery backup power, heating and cooling systems, electric vehicles, and smart home technology. The platform also offers clean energy financing and publishes market reports like its Solar & Storage Marketplace Report.
Eavor61 shared keywordsEavor is a geothermal energy company developing a closed-loop system (Eavor-Loop) that circulates a proprietary working fluid underground to produce baseload or dispatchable heating, cooling, and electricity. It aims to make geothermal energy scalable globally, with a full-scale demonstration facility near Rocky Mountain House, Alberta.
Companies competing with Fervo Energy for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Despite Multiple, Positive Attributes, Fervo Energy Stock Looks Very Risky for Nowbarchart.com · Jul 2026Frequently asked questions
- What does Fervo Energy do?
- Fervo Energy develops next-generation geothermal technology using advanced drilling and sensing techniques to unlock carbon-free, 24/7 power generation in previously uneconomic locations.
- Who founded Fervo Energy?
- Fervo Energy was founded by Tim Latimer, Jack Norbeck in 2017.
- Who are Fervo Energy's investors?
- Fervo Energy's investors include B Capital Group, B4 Capital, Baruch Future Ventures, Beast Ventures, Breakthrough Energy Ventures, Carbon, Congruent Ventures, DCVC (Data Collective) and 13 more.
- How much funding has Fervo Energy raised?
- Fervo Energy has disclosed $5B raised across 7 rounds.
- Where is Fervo Energy headquartered?
- Fervo Energy is headquartered in Houston, US.