Tech Company Financing Transactions
Fervo Energy Funding Round
Fervo Energy, based in Houston, secured $10 million from Devon Energy Corporation.
Transaction Overview
Company Name
Announced On
4/18/2023
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Undisclosed
Investors
Devon Energy Corporation (Lead Investor)
Proceeds Purpose
Devon joins a growing list of independent oil companies that are investing in geothermal, reflecting how the nascent clean energy source is generating buy-in beyond the oil majors with the deepest pockets.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
609 Main St 25th Fl
Houston, TX 77002
USA
Houston, TX 77002
USA
Phone
Website
Email Address
Overview
Our mission is to leverage innovation in geoscience to accelerate the clean energy transition. Our team consists of reservoir engineers, geophysicists, data scientists, and renewable power developers who are passionate about building energy systems to address climate change.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Timothy Latimer
Chief Financial Officer
David Ulrey
Chief Technical Officer
Jack Norbeck
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