Fervo Energy Series C — enhanced geothermal systems (EGS) using horizontal drilling

Fervo Energy IPO (Nasdaq: FRVO) — enhanced geothermal systems pure-play; flagship 500 MW Cape Station EGS project in Beaver County, Utah; 3.65 GW disclosed pipeline (under construction / ready to build / advanced development)

Fervo Energy → J.P. Morgan, BofA Securities, RBC Capital Markets, Barclays (joint lead bookrunners); Baird, BBVA, Guggenheim, MUFG, Société Générale, William Blair, Piper Sandler, Wolfe|Nomura (additional bookrunners)

Fervo Energy / Turboden 1.7 GW Geothermal ORC Turbine Supply Framework Agreement — 35 GeoBlocks of 50 MW each

Fervo Energy

Cape Station Enhanced Geothermal System (EGS) — Phase 1 ~100 MW, scaling to 500 MW by early 2027, Beaver County, Utah

Fervo Energy → RBC Capital Markets, Barclays, BBVA, HSBC, MUFG, Société Générale, J.P. Morgan, Bank of America, Sumitomo Mitsui Trust Bank

$421M

Sage Geosystems $97M+ Series B — Pressure Geothermal power + long-duration energy storage

Sage Geosystems → Ormat Technologies ($25M, co-lead), Carbon Direct Capital (co-lead), Exa, Nabors, alfa8, Arch Meredith, Abilene Partners, Cubit Capital, Ignis H2 Energy, SiteGround Capital, UC Berkeley Foundation Climate Solutions Fund

$97M+

Geopressured Geothermal System — 150 MW (Phase 1: 4-8 MW by 2027; Phase 2: 150 MW by 2029), east of Rocky Mountains

Sage Geosystems → Meta

150 MW

Solar Landscape distributed/community solar warehouse facility — anchors 146 MW community solar portfolio across New Jersey, Illinois, Maryland, and Minnesota

Solar Landscape → First Citizens Bank

$600M