FRVO
Fervo Energy Co
OpenVolumeMkt capP/EEPSDiv yield
Day – 52-wk –
Expected move
InputsNext report
Last report
Largest filed tie
13F top-10 QoQ
Top fund weight
Fervo Energy Co
Expected move
InputsNext report
Last report
Largest filed tie
13F top-10 QoQ
Top fund weight
Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied
Expected move
No implied move.
No changes.
No changes.
No thesis.
Supply-chain ties, covered
Disclosed · both directions
Fund holders, covered
N-PORT holdings
13F holdings, covered
13F quarter · Jun 30 '26
Management, not covered
Not covered · DEF 14A, 8-K 5.02
Annual filing, not covered
Not parsed · ties from counterparty filings
Company IR feed, not covered
News via newswires & EDGAR
Products, patents, hiring, not covered
Not covered
Supply-chain ties, covered
Disclosed · both directions
Fund holders, covered
N-PORT holdings
13F holdings, covered
13F quarter · Jun 30 '26
Management, not covered
Not covered · DEF 14A, 8-K 5.02
Annual filing, not covered
Not parsed · ties from counterparty filings
Company IR feed, not covered
News via newswires & EDGAR
Products, patents, hiring, not covered
Not covered
Our Mission To transform geothermal energy into America’s most dependable and affordable source of clean, 24/7 power. Fervo Energy The U.S. is in critical need of firm, reliable power. Rapid growth in data centers, the resurgence of domestic manufacturing, and accelerating electrification are driving electricity demand that outpaces new planned generation. Rystad reports that by 2035, the country is expected to face a 98-gigawatt accredited capacity shortfall, highlighting an urgent need for new, scalable sources of 24/7 power. As the pioneer of enhanced geothermal systems (“EGS”), we are commercializing a new category of firm power that is scalable, rapidly deployable, readily available, and geographically flexible. By applying proven technologies like horizontal drilling and multi-stage hydraulic fracturing, we are transforming geothermal energy from a niche resource into a utility-scale power solution that is clean, reliable, cost-competitive, and suited to the needs of hyperscalers and utilities alike. Geothermal is a highly attractive energy resource – it is clean, firm, and reliable. But traditional geothermal projects depend on rare geologic conditions like volcanic systems with highly conductive natural fracture networks, which has constrained development to places like Iceland, Kenya, California, and Hawaii. Additionally, traditional geothermal projects have carried significant development risk because wells either succeed or fail entirely with natural fracture networks. This uncertainty has made these projects unpredictable, expensive, and hard to scale. Our EGS technology addresses the scalability limitations and key development risks of traditional geothermal energy. By designing and controlling subsurface flow pathways, we can predictably recover heat without relying on naturally occurring permeability. Additionally, we deploy innovative subsurface monitoring technologies such as AI-enhanced fiber optic sensing that enable us to monitor and predict geothermal heat transfer at high spatial and temporal resolution. We believe these capabilities will enable us to standardize project development, optimize power facility placement and design, and capture economies of scale previously unavailable to the geothermal industry. We expect this innovative approach to position us to deliver predictable, cost-effective, and scalable geothermal power that follows learning curve cost declines, thereby providing the dependable energy needed to help close the nation’s capacity shortfall. Our EGS technology has been delivering clean electrons to the grid and generating revenue since 2023 at our commercial pilot called Project Red, differentiating us from certain other energy alternatives still grappling with technology risk, long development timelines, permitting uncertainty and supply chain constraints. Expanding upon this success, we are now building Cape Station, a 500-megawatt greenfield project, where we expect to deliver first power by late 2026. Our proven technical approach and track record of execution has generated meaningful commercial traction. Across our full portfolio, we have signed 658 megawatts of binding power purchase agreements (“PPAs”) with investment-grade utility and corporate energy buyers including Southern California Edison and Shell. Beyond our current contracted backlog, we have also entered into a 3-gigawatt framework agreement with Google (the “Geothermal Framework Agreement” or “GFA”) to advance and structure potential power offtake opportunities for current and planned data centers in both grid-connected and alternative energy solutions. Our corporate headquarters are located in Houston, TX.
Our Mission To transform geothermal energy into America’s most dependable and affordable source of clean, 24/7 power. Fervo Energy The U.S. is in critical need of firm, reliable power. Rapid growth in data centers, the resurgence of domestic manufacturing, and accelerating electrification are driving electricity demand that outpaces new planned generation. Rystad reports that by 2035, the country is expected to face a 98-gigawatt accredited capacity shortfall, highlighting an urgent need for new, scalable sources of 24/7 power. As the pioneer of enhanced geothermal systems (“EGS”), we are commercializing a new category of firm power that is scalable, rapidly deployable, readily available, and geographically flexible. By applying proven technologies like horizontal drilling and multi-stage hydraulic fracturing, we are transforming geothermal energy from a niche resource into a utility-scale power solution that is clean, reliable, cost-competitive, and suited to the needs of hyperscalers and utilities alike. Geothermal is a highly attractive energy resource – it is clean, firm, and reliable. But traditional geothermal projects depend on rare geologic conditions like volcanic systems with highly conductive natural fracture networks, which has constrained development to places like Iceland, Kenya, California, and Hawaii. Additionally, traditional geothermal projects have carried significant development risk because wells either succeed or fail entirely with natural fracture networks. This uncertainty has made these projects unpredictable, expensive, and hard to scale. Our EGS technology addresses the scalability limitations and key development risks of traditional geothermal energy. By designing and controlling subsurface flow pathways, we can predictably recover heat without relying on naturally occurring permeability. Additionally, we deploy innovative subsurface monitoring technologies such as AI-enhanced fiber optic sensing that enable us to monitor and predict geothermal heat transfer at high spatial and temporal resolution. We believe these capabilities will enable us to standardize project development, optimize power facility placement and design, and capture economies of scale previously unavailable to the geothermal industry. We expect this innovative approach to position us to deliver predictable, cost-effective, and scalable geothermal power that follows learning curve cost declines, thereby providing the dependable energy needed to help close the nation’s capacity shortfall. Our EGS technology has been delivering clean electrons to the grid and generating revenue since 2023 at our commercial pilot called Project Red, differentiating us from certain other energy alternatives still grappling with technology risk, long development timelines, permitting uncertainty and supply chain constraints. Expanding upon this success, we are now building Cape Station, a 500-megawatt greenfield project, where we expect to deliver first power by late 2026. Our proven technical approach and track record of execution has generated meaningful commercial traction. Across our full portfolio, we have signed 658 megawatts of binding power purchase agreements (“PPAs”) with investment-grade utility and corporate energy buyers including Southern California Edison and Shell. Beyond our current contracted backlog, we have also entered into a 3-gigawatt framework agreement with Google (the “Geothermal Framework Agreement” or “GFA”) to advance and structure potential power offtake opportunities for current and planned data centers in both grid-connected and alternative energy solutions. Our corporate headquarters are located in Houston, TX.
Same SIC code · 6
Same SEC industry code: Nextera Energy Inc, Southern Co, Constellation Energy Corp and 3 more; no measured co-movers for Fervo Energy Co.
Same SIC code · 6
Same SEC industry code: Nextera Energy Inc, Southern Co, Constellation Energy Corp and 3 more; no measured co-movers for Fervo Energy Co.
News
| Manager | Value | % base | |
|---|---|---|---|
| Devon Energy | $1.0B | 19.03% | new |
| Capricorn Investment | $1.0B | 18.23% | new |
| JPMorgan Chase | $240.4M | 4.38% | new |
| Canada Pension Plan Investment Board | $213.3M | 3.89% | new |
| Capital Research Global Investors | $175.5M | 3.20% | new |
| Manager | Value | % base | |
|---|---|---|---|
| Devon Energy | $1.0B | 19.03% | new |
| Capricorn Investment | $1.0B | 18.23% | new |
| JPMorgan Chase | $240.4M | 4.38% | new |
| Canada Pension Plan Investment Board | $213.3M | 3.89% | new |
| Capital Research Global Investors | $175.5M | 3.20% | new |
Fervo Energy Co
8.98
−0.34 · −3.65%