Fervo Energy Secures Additional $255 Million Funding to Meet Energy Demand
- Last Updated on January 8, 2025
- Decarbonization
- Innovation
- Renewables
Fervo Energy, a next-generation geothermal development, has secured $255 million in new funding and capital availability as it continues to build the world’s largest enhanced geothermal systems (“EGS”) power development. The announced funding comprises both opportunistic corporate equity and new debt financing. Capricorn’s Technology Impact Fund II led the $135 million corporate equity round. Fervo
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