Fervo Energy Secures $255 Million to Build World’s Largest Geothermal Power Development

Fervo Energy, a leader in next-generation geothermal energy, secured $255 million in equity and debt financing to accelerate its enhanced geothermal systems (EGS) projects. The funding includes $135 million in equity led by Capricorn’s Technology Impact Fund II and $120 million in debt from Mercuria. The investment strengthens Fervo’s role in meeting rising demand for 24/7 carbon-free energy, with its flagship 2 GW Cape Station project set to begin operations by 2026. CEO Tim Latimer emphasized Fervo’s unique ability to deliver large-scale clean power solutions, with further developments anticipated as the company scales its impact. Resources: https://esgnews.com/fervo-energy-secures-255-million-to-build-worlds-largest-geothermal-power-development/