Fervo Energy is developing next-generation geothermal technology to unlock vast, reliable clean energy resources. By applying proven techniques from the oil and gas industry like horizontal drilling and fiber optic sensing, Fervo is making geothermal energy more repeatable and cost-effective to roll out at scale.

Fervo's first utility-scale project, the 400 MW Cape Station in Utah, has begun drilling and will start delivering clean electricity to the grid in 2026. The company recently raised $244M from investors including Devon Energy and Bill Gates's Breakthrough Energy Ventures to support continued operations and growth. With recent drilling at Cape Station exceeding expectations by reducing costs to $4.8M per well, Fervo believes it can quickly drive geothermal to cost-competitiveness with other energy sources.

Fervo's founders bring deep expertise in geothermal, cleantech, and the oil and gas industry. CEO Tim Latimer previously worked as a completion engineer in oil and gas before pivoting to focus on geothermal. As a pioneer in this emerging field, Fervo faces the challenges of securing project financing and optimizing its novel technology. However, with the opportunity to provide always-on clean power at increasingly attractive prices, Fervo is well positioned to play a major role in the energy transition. Employees will have the chance to work on groundbreaking energy projects with a world-class technical team.