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Geothermal startup Fervo Energy is tapping fresh $221M round, filing reveals
The company draws heavily on drilling techniques pioneered by the oil and gas industry.
Hot on the heels of the successful completion of its grid-connected geothermal power plant in Nevada, Fervo Energy is raising $221 million per SEC documents, TechCrunch has exclusively learned. Fervo uses directional drilling techniques pioneered by the oil and gas industry to extend its wells far beyond their surface footprints. Early angel investors include Jeff Bezos, Richard Branson, Bill Gates and Masayoshi Son.
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