Fervo raises $462mm

Sunya Stories Episode #15 with Shanu Mathew.

Scaling the gas platform behind NextEra’s AI, DC, and renewables buildout.

Symmetry supplies gas, storage, and asset management to 85k+ customers in 34 states, adding a nationwide commercial/industrial gas franchise to NextEra’s portfolio.
Deal (closing 1Q 2026 subject to approvals) strengthens NextEra’s ability to pair new generation and pipelines with customer-sited gas services as AI-driven power demand rises.

Bridge power for the AI era: firm gas with carbon capture, pre-packaged for a future hyperscaler.

Partners are planning a 1.2 GW natural-gas plant in the U.S. Southeast, using Exxon’s CO₂ pipeline/CCS to offer lower-carbon, hyperscale-ready power; they’ve secured 2,500 acres but are still at MoU stage with no data-center offtaker signed yet.
NextEra, already the largest U.S. renewables developer, is leaning into gas to meet AI demand, targeting up to 8 GW of new gas by 2032 and a 20-GW gas pipeline, plus 15 GW of dedicated data-center power by 2035 (including at least 3 campuses with Google), initially bridged by renewables + storage.

Oilfield biotech meets OFS giant to commercialize subsurface hydrogen and low-carbon fuels.

Weatherford invests capital and brings global service footprint; Eclipse contributes its microbial platform that has already produced bio-stimulated hydrogen in an end-of-life field trial.
Joint projects kick off Jan 2026, targeting the $750B+ by 2035 low-carbon fuels market with solutions that repurpose old reservoirs for net-zero–aligned energy production and better reservoir management.

Early CDR bet on turning desal brine into permanent ocean bicarbonate storage.

Google prepurchases 3,500 tCO₂ from Ebb, helping de-risk ocean alkalinity enhancement and scale its electrochemical tech.
Ebb’s modular systems bolt onto desal plants to convert waste brine into alkalinity, create co-products, and tap existing infrastructure that could support billions of tons of removals; work with X explores using acid coproduct on concrete waste targeting 100 MtCO₂/yr.

From demos to big iron: Cape Station to grow from 100 MW (2026) to 500 MW (2028) of 24/7 clean power.

Oversubscribed round led by B Capital (with backers incl. Google and Mitsubishi Heavy) funds rapid buildout of Cape Station (UT), projected to be the world’s largest advanced geothermal plant.
Fervo leverages oil & gas–style drilling, fiber sensing, and advanced analytics to make geothermal cost-competitive, positioning it as a major source of firm, zero-carbon capacity in a tightening U.S. power market.

First battery step for a Permian surface giant—turning acreage into grid-stabilizing storage.

Samsung C&T gets exclusive rights to develop two BESS projects (350 MW total) on LandBridge acreage in Pecos & Loving counties, targeting COD as early as 2028.
Leverages 300k+ acres of Permian surface for grid stability and renewables integration, expanding LandBridge’s move from pipes
& power to storage and digital infrastructure.

Central Texas “energy + land” package aimed at getting AI campuses online as early as 2027.

Partnership plans up to ~8 GW of new generation (gas plus storage) dedicated to hyperscaler data center development.
Initial power targeted as early as 2027, leveraging speed-to-market siting in Central Texas and Comstock’s advantaged gas supply.
1,000+ acres of land already secured; currently in negotiations with a major hyperscaler for anchor offtake.

Gulf Coast + Utica liquids logistics platform gets growth capital for demand-pull infra.

Central Midstream operates 100+ miles of pipe, ~350 kbbl of storage, and a multi-modal Ohio terminal moving Utica condensate into water/rail markets for LNG, refiners, and traders.
Tailwater Fund V adds equity for near-term projects while founder George Jordan remains CEO, targeting footprint expansion and higher-value services in liquids and NGL infrastructure.