Initial Devon Energy investment in Fervo Energy — geothermal technology partnership
Devon Energy makes initial $10M investment in Fervo Energy. Beginning of significant Devon-Fervo partnership; Devon led subsequent $244M Series D Feb 2024 and additional 2025 financings. Total Devon investment in Fervo reached $117M by early 2025.
$10M
Deal Value
Geothermal
Technology
UT
Location
Deal Details
- Deal Type
- Strategic & Growth Capital
- Seller / Sponsor
- Fervo Energy
- Buyer / Financier
- Devon Energy
- Deal Value
- $10M
- Stage
- Development
- ISO/RTO
- Western
- Source
- Fervo Energy
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