Fervo Energy

• Company equityPRIVATE · Cape Station Phase IIFervo Energy IPO (Nasdaq: FRVO) · company-wide, not in totals$2.2B2026-05
• Project debtPRIVATE · Cape Station Phase IRBC (lead); Barclays, BBVA, HSBC, MUFG, Société Générale, J.P. Morgan, Bank of America, Sumitomo Mitsui Trust$309M2026-03
• Tax creditPUBLIC · Cape Station Phase ISame bank group$61M2026-03
• Project debtPRIVATE · Cape Station Phase ISame bank group$51M2026-03

Money behind this company's projects. Company-wide raises are listed but not counted in totals.

Teams moving over 30 days: Communications & Branding +2 (now 2), Supply Chain -1 (now 9), Legal +1 (now 5)

Companies file a Form D within 15 days of selling shares privately. “Sold” is the amount raised so far in that offering; amended notices (D/A) update earlier ones.

• Department of Energy · grantthe goals of this project are to 1) deliver a triplet horizontal well egs system capable of generating at least 5 mw of electric power (the triplet system will be designed as one central horizontal production well offset by two horizontal injection wells), 2) stimulate all three wells with a multistage, plug-and-perf stimulation treatment design with proppant, and 3) perform long-term crossflow well tests to characterize the hydraulic and thermal performance of the system. the project is already at an advanced stage of project readiness across all key project development phases, including site$23M2024-07
• Department of Energy · grantfervo energy company: new open 2021 fully funded cooperative agreement. control number: 2459-4533 project title: fervoflex: long duration in-reservoir energy storage and load-following, dispatchable geothermal generation fervo energy company proposes to develop and deploy a fiber optics-based diagnostic platform to monitor and optimize dynamic subsurface processes that currently pose major barriers to operating geothermal facilities flexibly.$3.8M2022-08
• Department of Energy · grantbipartisan infrastructure law (bil) red rocks dac hub: a geothermal energy-driven direct air capture and sequestrian hub in southwest utah the red rocks dac hub is a geothermal energy-driven direct air carbon capture and sequestration hub proposed in southwest utah. access to reliable, non-variable, carbon-free heat and power, and the presence of geologic conditions suitable for permanent carbon storage are primary economic drivers for facilities. the primary objective of the work is to identify sites where there is a strong overlap between geothermal resource potential and the geologic condit$2.9M2024-05
• Department of Energy · grantfervo energy company 1953-1595 downhold conditional award solve egs: surface orbital vibrator for evaluating enhanced geothermal systems.$1.2M2020-01
• Department of Energy · grantzipper: zonal isolation with plug and perf in enhanced reservoirs$1.0M2019-01
• Department of Energy · grantthis is modification 02 to the nofo: • clarified the meaning of the program policy factors in section v.c. de-foa-0003477 - inspiring generations of new innovators to impact technologies in energy (igniite) 2025 to obtain a copy of the notice of funding opportunity (nofo) please go to arpa-e exchange at https://arpa-e-foa.energy.gov. to apply to this nofo, applicants must register with and submit application materials through arpa-e exchange (https://arpa-e-foa.energy.gov/registration.aspx). for detailed guidance on using arpa-e exchange, please refer to the arpa-e exchange user guide (https:/$500K2026-04
• Department of Energy · grantin-reservoir energy storage and flexible geothermal operating strategies: technology validation, market value-potential, and grid-scale modeling and optimization$200K2020-06

Matched recipient: FERVO ENERGY COMPANY