DCVC led a $138m funding round in Fervo Energy.

DCVC, a venture capital firm headquartered in Palo Alto, led a $138m funding round in Fervo Energy, a provider of next-generation geothermal power, with participation from CPP Investments, Liberty Energy, Macquarie, Grantham Foundation for the Protection of the Environment, Impact Science Ventures, and Prelude Ventures. "Power buyers are interested in geothermal power because they are actively looking for reliable energy sources that can address climate change and rising energy prices. Our mission is to meet that growing demand by putting gigawatts of 24/7 carbon-free energy on the grid. This latest investment enables us to execute on those ambitious plans," Tim Latimer, Fervo CEO.