Fervo Energy: valuation, funding, and the secondary tape

The short version

• No priced instruments on record yet; milestones only.

Recent milestones

• 2026-09-01 - Google signed a 396 MW PPA with Fervo Energy (Sep 1 2026) -- the largest enhanced-geothermal deal ever -- from the Cape Station GeoCluster i

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Derived from the SOMEN graph at render time. The arithmetic cannot lobby you.