Fervo Energy, founded in 2017 and based in Houston, develops enhanced geothermal power plants using drilling methods from oil and gas, led by Cape Station in Utah. It listed on Nasdaq in May 2026, raising about $2.2 billion.
At a glance
| Price from | Custom |
| Best for | Utilities and data centres buying firm clean power |
From Fervo Energy's own website.
What stands out
- Firm, always-on clean power
- Large contracted demand
Worth knowing
- First large plant just coming online
- Heavy capital spending
How it ranks
Fervo Energy is ranked 3rd of 10 in Best Climate Tech Startups (Lister Score 94.4).
#3 in Best Climate Tech Startups · Lister Score 94.4
Fervo has 658 megawatts of contracted power purchase agreements and a 3-gigawatt geothermal framework agreement with Google..
| Rank | Best Climate Tech Startups | Score |
|---|---|---|
| 1 | Redwood Materials | 96.9 |
| 2 | Octopus Energy | 95.6 |
| 3 | Fervo Energy | 94.4 |
| 4 | Form Energy | 93.1 |
| 5 | Antora Energy | 91.8 |
| 6 | Watershed | 90.5 |
| 7 | Group14 Technologies | 89.2 |
| 8 | Twelve | 87.9 |
| 9 | Heirloom | 86.6 |
| 10 | Rondo Energy | 85.3 |
Frequently asked questions
How does Fervo Energy rank on Lister?
Fervo Energy is ranked 3rd of 10 in Best Climate Tech Startups (Lister Score 94.4).
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