F

FinancialsFervo Energy

FRVO

Fervo Energy Co. is a leader in the next-generation geothermal energy sector, dedicated to providing reliable, carbon-free power to the grid. Founded in 2017, the company utilizes 'Enhanced Geothermal Systems' (EGS) technology, which adapts horizontal drilling and multi-stage well completion techniques from the oil and gas industry to extract heat from deep underground. This approach allows Fervo to access geothermal resources in locations previously considered non-viable, significantly expanding the potential for geothermal energy globally. Fervo's business model centers on providing 'firm' renewable energy—power that is available 24/7, unlike intermittent sources like wind and solar. This makes the company a vital partner for utilities and technology firms looking to meet 100% carbon-free energy goals. A landmark achievement for the company was the 2023 launch of its commercial-scale project in Nevada, which provides clean energy to Google’s data centers, demonstrating the commercial viability of EGS. Headquartered in Houston, Texas, Fervo Energy is led by CEO Tim Latimer. The company continues to scale its operations with large-scale projects in the Western United States, including the Cape Station project in Utah. By combining advanced data analytics, fiber-optic sensing, and innovative engineering, Fervo aims to drive down the cost of geothermal power and establish it as a cornerstone of the global clean energy transition.

Complete and updated financials table with all primary indicators: Net Income, Revenue, EBITDA, Margin, ROE, Dividends

Year