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Venture Capital News: Fervo Energy Raises $462 Million Series E

2025-12-10
HOUSTON, TX, Fervo Energy, the leader in geothermal energy development, announced the closing of its oversubscribed $462 million Series E funding round.
Fervo Energy, the leader in geothermal energy development, announced the closing of its oversubscribed $462 million Series E funding round, led by new investor B Capital, a global multi-stage investment firm. This significant financing reflects strong market confidence in Fervo's opportunity to make geothermal energy a cornerstone of the 24/7 carbon-free power future. In addition to B Capital, new investors joining this round include AllianceBernstein, Atacama Ventures, Carbon Equity, Climate First, Google, Mitsui & Co., Dr. Kris Singh, and JB Straubel.
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