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Vinson & Elkins Advises Fervo Energy in $244 Million Private Financing to Accelerate Deployment of Next-Generation Geothermal

Deals & Cases
February 29, 2024
Deals & Cases
February 29, 2024

Vinson & Elkins advised Fervo Energy (“Fervo”), the leader in next-generation geothermal development, in connection with its Series D capital raise of $244 million in new funding led by Devon Energy, a pioneer in shale oil and gas.

This financing will unlock Fervo’s next phase of growth, deploying proven technology adapted from the oil and gas industry at scale to deliver commercially viable 24/7 carbon-free energy.

The Vinson & Elkins team was led by partners Sarah Morgan and Michael Gibson, with assistance from associates Tessa Krieger-Carlisle and Hannah Thai.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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