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Fervo Energy Secures $206 Million for U.S. Geothermal Ambitions
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Fervo Energy Secures $206 Million for U.S. Geothermal Ambitions
Fervo Energy, a U.S.-based startup focused on next-generation geothermal power, recently announced a $206 million fundraising round to progress its Cape Station project in southwest Utah. This financing includes venture capital and energy investors. It adds to Fervo’s earlier $556 million in equity and $220 million in debt. Now, their total capital is almost $1 billion. Fracking for Heat: How Fervo’s EGS Breakthrough Works Fervo employs Enhanced…
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