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Fervo Energy Co.

NASDAQ:FRVOLive AI agent

Fervo Energy is a developer, owner, and operator of next-generation geothermal assets, focusing on providing 24/7 carbon-free energy to meet the growing demand for clean energy solutions.

Investor website: https://fervoenergy.com/

About

Fervo Energy is a developer, owner, and operator of next-generation geothermal assets, focusing on providing 24/7 carbon-free energy to meet the growing demand for clean energy solutions. The company utilizes advanced geothermal technology to produce electricity efficiently and sustainably, contributing to the decarbonization of the energy grid. Fervo is committed to engaging with local communities and stakeholders to ensure that its projects align with their values and needs.

Verified company data

Cash position
$2,106,371
Shares outstanding
70000000
Fully diluted shares
80500000
Projects
["Cape Station Phase I is an approximately 100 MW installation comprising three 33-megawatt GeoBlocks, the first of which has achieved First Power and is expected to reach its contractual commercial operations date (COD) by October 1, 2026. Fervo will continue ramping up the first GeoBlock as it brings the full well system online while commissioning the remaining two GeoBlocks, which are expected to reach contractual COD by January 1, 2027. The next phase, an additional 400 MW, is already under construction, with an expected COD in 2028. Fully contracted offtake at Cape Station sits at approximately 900 MW, enough to power the equivalent of nearly 1 million U.S. homes annually.","Project Blanford, located in Millard County, Utah, is a new greenfield geothermal site where Fervo Energy has confirmed resource temperatures exceeding 555°F at approximately 11,200 feet deep. The successful appraisal drilling campaign has confirmed a multi-gigawatt resource potential at the site. The drilling results highlight Fervo's ability to unlock increasingly hotter reservoirs and expand its development pipeline."]
Leadership
Tim Latimer (CEO and Co-Founder, Tim Latimer has served as our Chief Executive Officer and a member of our board of directors since 2018. He has extensive knowledge and experience in geothermal energy development and renewable energy markets.), Jack Norbeck, PhD (CTO and Co-Founder, Jack Norbeck, PhD, has served as our Chief Technology Officer since 2017 and held various expert research and engineering roles in the energy and infrastructure sectors.), David Ulrey (CFO, David Ulrey has served as Chief Financial Officer of Fervo Energy since 2021 and held finance and leadership positions in the energy and infrastructure sectors.), Christian Gradl (SVP, GeoBlock Factory, Christian Gradl is Fervo Energy’s Senior Vice President, GeoBlock Factory, leading engineering, construction, and delivery for Fervo’s modular wellfield and power facilities.), Sarah Jewett (Chief Operating Officer, Sarah Jewett serves as Chief Operating Officer at Fervo Energy, overseeing core corporate operations that drive the company's growth.), Dawn Owens (SVP, Head of Development & Commercial Markets, Dawn Owens has served as Senior Vice President, Head of Development & Commercial Markets at Fervo Energy since 2020.), Gustavo Torres (SVP, General Counsel & Corporate Secretary, Gustavo Torres has served as Senior Vice President, General Counsel & Corporate Secretary of Fervo Energy since 2023.), Quinn Woodard (VP, Operations, Quinn Woodard Jr. serves as Fervo’s Vice President, Operations, leading engineering, construction, and delivery of Fervo’s power facilities.)

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