Fervo Energy Co. (FRVO)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
This enhanced geothermal project aims to unlock gigawatts of power to fuel the data center boom
Fervo Energy's Cape Station project in Milford, Utah, is on pace to send power to the grid next month. This would make it the first enhanced geothermal system in the U.S. to reach commercial operation.
Inside Fervo Energy's enhanced geothermal project in Utah
Fervo Energy CEO Tim Latimer joins CNBC's Pippa Stevens from their Cape Station site to discuss the company's big bet on enhanced geothermal energy, their new 400 MW deal with Google, their ambitious plans to bring down high upfront costs, and much more.
Fervo Energy's Google Deal Might Be The Proof Bears Needed To See
Fervo Energy secures a landmark 396 MW PPA with Google, validating enhanced geothermal as a viable baseload for hyperscaler data centers. FRVO's relationship with Google spans equity, pilot projects, and now a large commercial contract, signaling deep strategic alignment and de-risking early-stage execution. Transmission curtailment remains the key near-term constraint, with 2027 revenue guidance of $60–$80M well below prior expectations despite robust capital resources.
Fervo Energy Co. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 600 | $19,062 | $9,060 | -$10,002 | -52.47% |
 George Soros Soros Fund Management LLC | 669,350 | $21.27M | $11.19M | -$10.07M | -47.36% |
| SK Sheena Koshy Steadfast Capital Management LP | 101,333 | $3.22M | $1.67M | -$1.55M | -48.06% |
 Point72 Asset Management LP Point72 Asset Management LP | 1.02M | $32.31M | $16.99M | -$15.32M | -47.4% |
| MPM Mark P. Mennitt CenterBook Partners LP | 39,906 | $1.27M | $604,974.96 | -$662,838.66 | -52.28% |
Fervo Energy Co. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Ben Kallo Baird | 351.37 | $9,128.55 | $5,860.81 | -$3,267.74 | -35.8% |
 Jeff Grampp Northland Capital Markets | 1,189.84 | $18,716.13 | $20,143.94 | $1,427.81 | 7.63% |
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Fervo Energy Co. Profile
| Electric Utilities Industry | Utilities Sector | Timothy Latimer CEO | NASDAQ (NGS) Exchange | 31556C106 CUSIP |
| US Country | 261 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Fervo Energy Company is a leading geothermal energy developer that specializes in the construction, ownership, and operation of geothermal power facilities. Founded in 2017, the company is headquartered in Houston, Texas, and maintains an additional office in Berkeley, California. Fervo Energy is at the forefront of innovation in the geothermal sector, employing advanced technologies to increase the efficiency and longevity of geothermal wells.
The company leverages cutting-edge methods, including horizontal drilling combined with distributed fiber optic sensing, to enhance resource productivity. With a focus on precision directional drilling, Fervo Energy drills horizontally within geothermal reservoirs, allowing for more effective heat extraction. Their approach also includes the development of a sophisticated data analytics algorithm that identifies existing geothermal resources and optimizes flow distribution within reservoirs, thereby improving heat mining efficiency.
Products and Services
- Geothermal Power Facilities
Fervo Energy designs, builds, owns, and operates advanced geothermal power facilities that generate clean, renewable energy. Their facilities utilize innovative geothermal technology to harness the Earth's natural heat, providing sustainable energy solutions.
- Horizontal Drilling Technology
The company employs precision directional drilling techniques to create horizontal wells in geothermal reservoirs, maximizing the exposure of the well to heat sources and enhancing overall productivity.
- Distributed Fiber Optic Sensing
This technology allows for real-time monitoring and analysis of the geothermal reservoirs. By integrating fiber optic sensors into the wellbore, Fervo Energy can collect detailed data on temperature and flow dynamics, leading to better resource management.
- Data Analytics Algorithm
Fervo Energy has developed a proprietary data analytics algorithm that identifies existing geothermal resources and optimizes fluid flow within reservoirs. This algorithm is crucial for enhancing heat mining efficiency and maximizing the output of geothermal wells.
