XNAS
FRVO
Market cap6.63bUSD
Jun 26, Last price
32.48USD
1D
2.27%
Name
Fervo Energy Co
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Profile
Fervo Energy Company is a leading developer in the geothermal power sector, specializing in the construction, ownership, and operation of advanced energy facilities. Their innovative methodology integrates sophisticated horizontal well drilling with comprehensive distributed fiber optic sensing, significantly enhancing both the yield and longevity of their geothermal wells. The company employs highly precise directional drilling methods to access geothermal reservoirs horizontally. Additionally, Fervo has developed a proprietary data analytics algorithm designed to pinpoint valuable heat resources and optimize the fluid distribution throughout the reservoir, thereby maximizing the efficiency of energy extraction. Established in 2017, the company is headquartered in Houston, Texas, with a supplementary office in Berkeley, California.
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