Geothermal energy technology developer Fervo has received $28m from investors including Congruent Ventures and Helmerich & Payne.

Fervo Energy, a US-based geothermal energy technology developer, has closed a $28m series B round backed by Congruent Ventures, the venture firm backed by University of California.
Capricorn Investment Group led the round, which also featured petroleum contract drilling company Helmerich & Payne, Breakthrough Energy Ventures, 3X5 Partners and Elemental Excelerator.
Fervo Energy has created technology to increase the efficiency and lower the cost of harnessing carbon-free geothermal energy.
The technology was developed thanks to a grant…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
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