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Fervo Energy Fervo Energy Stock
$1.45B
Series D-3 Valuation, Dec 2024
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Fervo Energy Stock Price

Forge Price 1
Price not yet available
Last Closed Trade 2
Close Date
xx/xx/xx
Last Closed Trade Price
$xx.xx
Last Funding Round (LFR)
Date
xx/xx/xx
Price per Share
$xx.xx

Fervo Energy Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
12/23/2024 Series D-4 $503,210.16 $xx.xx $1.45B Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
112,098
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
12/23/2024 Series D-3 $134.5MM $xx.xx $1.45B Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
25,467,691
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
02/29/2024 Series D-2 $10.26MM $xx.xx $623.22MM Capricorn Investment Group, Congruent Ventures, Dcvc, Elemental Excelerator, Galvanize Climate Solutions, Helmerich & Payne, Impact Science Ventures, John Arnold, Liberty Mutual, Marunouchi Innovation Partners, Mercuria, Mitsubishi Heavy Industries
Price per Share
$xx.xx
Shares Outstanding
4,766,577
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Capricorn Investment Group, Congruent Ventures, Dcvc, Elemental Excelerator, Galvanize Climate Solutions, Helmerich & Payne, Impact Science Ventures, John Arnold, Liberty Mutual, Marunouchi Innovation Partners, Mercuria, Mitsubishi Heavy Industries
02/29/2024 Series D-1 $233.84MM $xx.xx $623.22MM Capricorn Investment Group, Congruent Ventures, Dcvc, Elemental Excelerator, Galvanize Climate Solutions, Helmerich & Payne, Impact Science Ventures, John Arnold, Liberty Mutual, Marunouchi Innovation Partners, Mercuria, Mitsubishi Heavy Industries
Price per Share
$xx.xx
Shares Outstanding
92,344,115
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Capricorn Investment Group, Congruent Ventures, Dcvc, Elemental Excelerator, Galvanize Climate Solutions, Helmerich & Payne, Impact Science Ventures, John Arnold, Liberty Mutual, Marunouchi Innovation Partners, Mercuria, Mitsubishi Heavy Industries
08/22/2022 Series C-3 $18.02MM $xx.xx $321.77MM 3x5 Partners, Breakthrough Energy Ventures, Capricorn Investment Group, Congruent Ventures, Cpp Investments, Dcvc, Elemental Excelerator, Grantham Foundation, Helmerich & Payne, Impact Science Ventures, Liberty Energy, Macquarie, Prelude Ventures
Price per Share
$xx.xx
Shares Outstanding
10,676,143
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
3x5 Partners, Breakthrough Energy Ventures, Capricorn Investment Group, Congruent Ventures, Cpp Investments, Dcvc, Elemental Excelerator, Grantham Foundation, Helmerich & Payne, Impact Science Ventures, Liberty Energy, Macquarie, Prelude Ventures
08/22/2022 Series C-2 $10.16MM $xx.xx $321.77MM 3x5 Partners, Breakthrough Energy Ventures, Capricorn Investment Group, Congruent Ventures, Cpp Investments, Dcvc, Elemental Excelerator, Grantham Foundation, Helmerich & Payne, Impact Science Ventures, Liberty Energy, Macquarie, Prelude Ventures
Price per Share
$xx.xx
Shares Outstanding
5,017,904
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
3x5 Partners, Breakthrough Energy Ventures, Capricorn Investment Group, Congruent Ventures, Cpp Investments, Dcvc, Elemental Excelerator, Grantham Foundation, Helmerich & Payne, Impact Science Ventures, Liberty Energy, Macquarie, Prelude Ventures
08/22/2022 Series C-1 $110.1MM $xx.xx $321.77MM 3x5 Partners, Breakthrough Energy Ventures, Capricorn Investment Group, Congruent Ventures, Cpp Investments, Dcvc, Elemental Excelerator, Grantham Foundation, Helmerich & Payne, Impact Science Ventures, Liberty Energy, Macquarie, Prelude Ventures
Price per Share
$xx.xx
Shares Outstanding
43,481,861
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
3x5 Partners, Breakthrough Energy Ventures, Capricorn Investment Group, Congruent Ventures, Cpp Investments, Dcvc, Elemental Excelerator, Grantham Foundation, Helmerich & Payne, Impact Science Ventures, Liberty Energy, Macquarie, Prelude Ventures
04/30/2021 Series B $28.34MM $xx.xx $73.73MM 3x5 Partners, Breakthrough Energy Ventures, Capricorn Investment Group, Congruent Ventures, Elemental Excelerator, Helmerich & Payne
Price per Share
$xx.xx
Shares Outstanding
24,596,454
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
3x5 Partners, Breakthrough Energy Ventures, Capricorn Investment Group, Congruent Ventures, Elemental Excelerator, Helmerich & Payne
07/03/2019 Series A-1 $124,991.89 $xx.xx $26.29MM 3x5 Partners, Breakthrough Energy Ventures, Congruent Ventures, Elemental Excelerato
Price per Share
$xx.xx
Shares Outstanding
2,452,745
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
3x5 Partners, Breakthrough Energy Ventures, Congruent Ventures, Elemental Excelerato
07/03/2019 Series A $11.25MM $xx.xx $26.29MM 3x5 Partners, Breakthrough Energy Ventures, Congruent Ventures, Elemental Excelerato
Price per Share
$xx.xx
Shares Outstanding
14,542,395
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
3x5 Partners, Breakthrough Energy Ventures, Congruent Ventures, Elemental Excelerato
Company Details
Fervo Energy is a clean energy company that develops geothermal technology to provide carbon-free energy in previously uneconomic locations.
Sector
Subsector
Founded
2017
Post-Money Valuation 3
$1.45B
Total Funding
$557.11MM
LFR Price per Share
$xx.xx
Last Funding Share Class
Series D-3
Fervo Energy Stock FAQs
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Can you sell Fervo Energy stock?
Yes, you may sell the Fervo Energy stock you currently own. Forge can help you facilitate the sale of your stock in a manner that aligns with your needs and the company’s interests. If you are looking for liquidity, register with us today to begin the process. A dedicated Forge Private Market Specialist will be available to address any questions you may have along the way.
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To learn more about Fervo Energy stock
Is Fervo Energy a public company?
No, Fervo Energy is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
What is Fervo Energy’s stock price?
Fervo Energy is a privately held company and therefore does not have a public stock price. However, you may access Fervo Energy private market stock price with Forge Data.
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Fervo Energy does not have an official ticker symbol because this company is not currently publicly traded.
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Fervo Energy Investors Also Invested in These Private Companies

Grantham Foundation
Galvanize Climate Solutions
John Arnold
Liberty Energy
Elemental Excelerator
Elemental Excelerato
Marunouchi Innovation Partners
Impact Science Ventures
Helmerich & Payne
3x5 Partners

Fervo Energy News and Media Highlights

Fervo Energy Raises Additional $255M in Funding

Fervo Energy, a Houston, TX-based geothermal development company, raised additional $255M in funding. The funding comprised both opportunistic corporate equity and new debt financing. led the corporate equity round. The $135m equity round was led by Capricorn’s Technology Impact Fund II, with participation from Breakthrough Energy Ventures, CalSTRS, Congruent Ventures, CPP Investments, DCVC, Devon Energy, Galvanize Climate Solutions, Liberty Mutual Investments, Mercuria, and Sabanci Climate Ventures. In addition to corporate equity, Fervo secured a $120m letter of credit and term loan facility from Mercuria.

Houston startup Fervo Energy to sell geothermal power to major California utility

Geothermal startup Fervo Energy has signed its largest contract to date: a deal to sell 320 megawatts of power from its Utah project to Southern California Edison, the main electric utility for Southern California. The Houston-based company said the two 15-year power purchase agreements were its first with an investor-owned utility and the largest of its kind for geothermal energy. Fervo called the deal a milestone for the advancement of a technology the Department of Energy said was crucial to meet the country’s pressing power demands while also decarbonizing the grid.

Fervo Energy Announces 320 MW Power Purchase Agreements With Southern California Edison

Fervo Energy (“Fervo”), the leader in next-generation geothermal energy, announced today the execution of two power purchase agreements (PPAs) totaling 320 MW with Southern California Edison (SCE), one of the nation’s largest utilities. The 15-year agreements for 24/7 carbon-free geothermal energy will provide reliable, clean, and affordable power for the equivalent of 350,000 homes across Southern California and support SCE’s vision to help California transition to a cleaner energy future.

Geothermal developer Fervo Energy raises $244M as it builds 400-MW Utah project

This latest round of funding included entities like Galvanize Climate Solutions, John Arnold, Liberty Mutual Investments, Marunouchi Innovation Partners, Mercuria and Mitsubishi Heavy Industries. The fundraise will support the company’s continued operations at Cape Station — a geothermal energy facility that is estimated to deliver some 400 MW of clean electricity, beginning in 2026 and reaching full potential in 2028.
Browse Insights
Other Companies Like Fervo Energy in the Clean Energy Sector
Sector: Energy
Subsector: Clean Energy
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RadiantRadiant----$xx.xxSeries C$432.01MM$xx.xx$100MM
Rondo EnergyRondo Energy----$xx.xxSeries A-2$329.34MM$xx.xx$30MM
TAE TechnologiesTAE Technologies$18.00-13.17%$xx.xxSeries 11$4.96B$xx.xx$92.66MM
X-energyX-energy----$xx.xx--------

Updated on: Jan 17, 2025

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