What happened
Houston‑based Fervo Energy raised $462 million in an oversubscribed Series E round to accelerate the rollout of next‑generation geothermal energy projects, led by B Capital with participation from strategic and climate investors. The funding comes as Fervo advances large enhanced geothermal developments, including its major Cape Station project in Utah aimed at delivering baseload clean power for data centers and grid use, building on earlier work that saw its geothermal pilot supply power to local utilities and industry partners.
Who is affected
Energy-intensive sectors, such as AI data centers and electrification projects, will benefit from expanded access to reliable, renewable energy. Investors in climate tech gain exposure to a rapidly growing infrastructure opportunity.
Why CISOs should care
Data centers underpin modern IT and cloud operations. Expanding access to firm renewable energy can reduce operational risk, support sustainability goals, and strengthen business continuity strategies for enterprises managing sensitive digital assets.
3 practical actions:
- Assess energy dependencies: Evaluate current power sources and the benefits of integrating renewable energy.
- Include energy reliability in risk assessments: Factor renewable and backup power into critical IT operations planning.
- Monitor clean energy developments: Track initiatives that could impact cloud or colocation services.