Fervo Energy Q1 2026 Results & $2.2B IPO Success

We are a geothermal energy developer that builds, owns, and operates geothermal power facilities. As the pioneer of EGS, we are commercializing a new category of firm, 24/7 power that is scalable, rapidly deployable, and geographically flexible. We apply proven technologies, such as horizontal drilling, multistage hydraulic fracturing, and enhanced subsurface monitoring, to design and control subsurface flow pathways, enabling predictable heat recovery without reliance on rare natural fracture networks. This standardized, repeatable approach addresses the scalability and development risks that have historically constrained traditional geothermal and positions EGS to deliver reliable, cost-competitive power with a clear path to learning curve-driven cost declines.