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NATURE OF BUSINESS | 3 Months Ended
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Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
NATURE OF BUSINESS | NOTE 1 – NATURE OF BUSINESS Fervo Energy Company (the “Company” or “Fervo”) is a Delaware corporation formed on May 27, 2017, to commercialize technology to build, own, and operate geothermal assets. Fervo’s innovations include technologies such as advanced computational models, horizontal drilling, and distributed fiber optic sensing that were developed with various partners to increase the productivity and lifetime of geothermal wells. The Company’s geographical area of operation is in the western region of the United States. The U.S. federal government encourages production of electricity from thermal energy derived from the Earth’s natural heat (“geothermal resources”). The Company requested and received grants for research and development and project development from the Department of Energy (“DOE”). As of March 31, 2026, the Company has not yet commenced large-scale commercial operations. The Company’s activities to date have been primarily focused on technological development, capital raising, and the establishment of geothermal production capabilities. On May 14, 2026, the Company completed an IPO of Class A common stock of Fervo Energy Company, par value of $0.0001 per share (“Class A common stock”), at a price of $27.00 per share. The Company’s common stock trades on the Nasdaq under the symbol “FRVO”. See Note 17 – Subsequent Events for additional information on other transactions completed in connection with the IPO.

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