Founded in 2017 and headquartered in Houston, Texas, Fervo Energy is a next-generation geothermal power company with roughly 150 employees that applies horizontal drilling and fiber-optic sensing technology, adapted from the oil and gas industry, to deliver 24/7 carbon-free baseload electricity. Fervo’s Cape Station project in Utah is one of the largest enhanced geothermal developments in the world, with the potential to generate up to 500 megawatts of power. The company has signed long-term power agreements with utilities and technology companies, including a deal supporting Google’s data centers in Nevada, and has raised over $1.3 billion in total funding.