Fervo Energy Secures $244 Million to Revolutionize Geothermal Energy Houston, TX (February 29, 2024) By : Robert Buluma Fervo Energy, the trailblazer in next-generation geothermal development, has recently announced a significant milestone in its journey – securing a whopping $244 million in new funding. Spearheaded by Devon Energy, a prominent figure in the realm of shale oil and gas, this investment marks a pivotal moment for Fervo Energy and the future of sustainable energy production. The infusion of capital will empower Fervo Energy to accelerate the deployment of its cutting-edge technology, which draws upon proven methodologies from the oil and gas sector, to establish commercially viable 24/7 carbon-free energy solutions. With sustainability at the forefront of global concerns, Fervo's innovative approach comes at a crucial time, offering a promising alternative to traditional energy sources. Joining Devon Energy in this groundbreaking funding round are several esteemed par...