News
11 December 2025

Fervo Energy closes $462m Series E for US geothermal

In:
Renewables
Region:
Americas

Fervo Energy has closed a $462 million Series E funding round to accelerate development of its Cape Station geothermal project in Utah and other US sites.The financing is primarily intended to speed construction of Cape Station, a facility in Beaver County expected to deliver 100MW of clean, firm...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Video
23 February 2026

Blue Energy: A novel take on SMR bankability

Proximo talks nuclear plant prefabrication, and lessons learnt from LNG and offshore wind, on the road to unlocking project finance for SMRs.

Perspective
27 February 2026

Al Dhafra: GCC solar bonds worth the wait

It is not the first solar project bond refinancing in the region, but it is the best-priced. Despite its development challenges, Al Dhafra shows what a strong revenue model...