Fervo Energy Company Research Report
Company Overview
Name
- Fervo Energy
Mission of the Company
- To leverage innovation in geoscience to accelerate the clean energy transition by providing cost-effective, reliable geothermal energy.
Founders
- Tim Latimer (CEO and Co-Founder)
- Jack Norbeck, PhD (CTO and Co-Founder)
Key People
- Christian Gradl (VP of Operations)
- Sarah Jewett (VP of Strategy)
- Dawn Owens (VP, Head of Development & Commercial Markets)
- Gustavo Torres (VP, General Counsel)
- David Ulrey (CFO)
- Quinn Woodard (Director of Power Generation and Surface Facilities)
Company Headquarters
- Houston, Texas
Number of Employees
- No information is available
Revenue of the Company
- No information is available
What is the Company Known For
- Pioneering next-generation geothermal energy technology, utilizing innovative drilling and reservoir management techniques to provide 24/7 carbon-free energy.
Products
Products Offered
1. Enhanced Geothermal Systems (EGS)
- High-Level Description: Using advanced drilling techniques and data analytics, Fervo Energy develops systems to harness geothermal energy in previously uneconomic locations.
- Key Features:
- Utilizes horizontal drilling and distributed fiber optic sensing.
- Increased access to geologies previously challenging to reach.
- Real-time data analysis on flow, temperature, and performance of resources.
2. Binary Cycle Power Plant Technology
- High-Level Description: Converts geothermal energy into electricity using heat exchangers and low specific heat working fluids.
- Key Features:
- Zero carbon emissions.
- Efficient conversion of geothermal heat.
- Low subsurface fluid contamination risk.
Recent Developments
Recent Developments
1. June 25, 2024
- Event: Fervo Energy announced a 320 MW power purchase agreement (PPA) with Southern California Edison.
2. April 22, 2024
- Event: Partnership established with Turboden to propel geothermal energy innovation.
3. February 29, 2024
- Event: Raised $244 million to accelerate the deployment of next-generation geothermal energy projects.
New Products Launched
- No information is available
New Features Added to Existing Products
- No information is available
New Partnerships
1. April 22, 2024
- Event: Partnership with Turboden to enhance geothermal energy innovation.
2. Google Partnership
- Fervo collaborates with NV Energy to develop geothermal power projects in Nevada to power Google data centers.
End of Report.
