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…

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