FRVO.NB

Fervo Energy Company is a geothermal energy developer that builds, owns, and operates geothermal power facilities. The Company constructs projects in phases across leased acreage positions that can support multi-gigawatt power developments (GeoClusters). It classifies its portfolio into three categories: Mature, Pipeline, and Prospects. Mature represents near-term commercial value and includes projects that are operating, under construction, or ready to build. Pipeline represents its mid-term growth engine and includes both projects where a go-to-market strategy is established, key milestones and origination are progressing, and resource characterization is completed, and feasibility activities are underway. Prospect represents long-term expansion and consists of large-scale, leased acreage positions where preliminary technical assessments and geospatial analyses have delineated capacity potential.