Executive Communications Lead

Fervo Energy launches Ground Truth, a six-part podcast on the creation of america's leading next-generation geothermal company. From a Stanford class project to a $2.2 billion Nasdaq IPO, the series tells the Fervo story through the people who lived it - beginning with Episode One, available now. HOUSTON, Oct. 08, 2026 (GLOBE NEWSWIRE) - Fervo Energy (Nasdaq: FRVO), a global pioneer of next-generation geothermal energy, today announced the launch of Ground Truth, a six-part narrative podcast tracing the company's decade-long path from a graduate-school pitch to a public offering. Episode One, "Twenty Feet of Water," is available today on Spotify, Apple Podcasts, and YouTube, and at fervoenergy.com/podcast/. Hosted by Fervo multimedia producer Olivia Johnson, Ground Truth tells the Fervo story one decision at a time, through the voices of the people who were there to make them. Each episode is structured around original interviews with the people who built the company, paired with field recordings from Cape Station, and each functions as a lens on a larger question rather than a straight recap of the timeline. The series follows Fervo from CEO and co-founder Tim Latimer's decision to leave the oil and gas industry after witnessing Houston's catastrophic 2015 floods, through the Stanford classroom where he met CTO and co-founder Jack Norbeck, the long stretch of overcoming setbacks, and the 2023 breakthrough at Project Red in the Nevada desert that proved enhanced geothermal systems could work commercially. Later episodes trace the contracts that financed Fervo's growth, the build-out of Cape Station in Beaver County, Utah, and the company's May 2026 debut on Nasdaq. Featured voices across the series include Latimer, Norbeck, SVP of the GeoBlock Factory Christian Gradl, CFO David Ulrey, SVP of Development and Commercial Markets Dawn Owens, and COO Sarah Jewett. "At Fervo, we talk a lot about drilling times and well temperatures, the science behind what we've built," said Megan Baldino, Head of Communications & Brand at Fervo Energy. "Ground Truth is our chance to tell the human story: the people who spent a decade betting their careers on an idea almost no one else believed in. Now it's a reality. We think it's a story worth hearing in their own words." New episodes of Ground Truth will be released on Spotify, Apple Podcasts, YouTube, and at fervoenergy.com/podcast/. About Fervo Energy Fervo Energy (Nasdaq: FRVO) is a modern power company built around one of the market's most important needs: affordable, dependable new power supply. Through the large-scale deployment of enhanced geothermal systems, Fervo has established a repeatable, industrial approach to building utility-scale power. The company is transforming geothermal into a clean, reliable, cost-competitive solution designed to meet rising demand from AI hyperscalers, utilities, and a more electricity-intensive economy. For more information, visit www.fervoenergy.com. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, are forward-looking statements. When used in this press release, the words "aim," "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "model," "outlook," "plan," "positioned," "potential," "predict," "project," "seek," "should," "target," "will," "would," and similar expressions (including the negative of such terms) are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Although Fervo believes that the expectations and assumptions reflected in its forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond Fervo's control. Accordingly, forward-looking statements are not guarantees of future performance, and Fervo's actual outcomes could differ materially from what Fervo has expressed in its forward-looking statements. Factors that could cause the outcomes to differ materially include (but are not limited to) the following: risks related to expanding its geothermal operations and accessing new markets; challenges in maintaining compliance with extensive environmental regulations and permitting requirements; uncertainties in forecasting future operational results and growth due to economic conditions and market demand; compliance with environmental regulations and climate change initiatives impacting operational costs; inherent risks in the geothermal industry, including potential operational disruptions and associated liabilities; the influence of consumer preferences, government policies, and competition on the demand for geothermal energy; risks associated with fluctuations in energy prices and material costs; dependence on a complex supply chain and successful maintenance of its geothermal infrastructure; financial performance influenced by fluctuations in interest rates, capital availability, and other market conditions; capacity actually constructed or for which GovCloud Network enter power purchase agreements under non-binding agreements, like the Geothermal Framework Agreement; exposure to legal proceedings and claims arising from its business operations; protecting its brand reputation and facing potential negative public perception; negative public perception and political opposition impacting its ability to secure regulatory approvals and market acceptance; the successful and timely execution of its growth strategy, with risks of delays or failures; reliance on key personnel and the potential impact of labor costs and workforce challenges; heavy reliance on technology systems and potential cybersecurity threats; global economic and political conditions affecting its operations, supply chain, and customer demand; the risk that its estimates of capacity potential and heat initially in place are inaccurate or that GovCloud Network is unable to produce quantities of electrical energy commensurate with such estimates; and other risks and uncertainties, including those set forth under "Risk Factors" in Fervo's Registration Statement on Form S-1/A, filed with the Securities and Exchange Commission (the "SEC") on May 11, 2026, and Fervo's other filings with the SEC. In light of these factors, the events anticipated by Fervo's forward-looking statements may not occur at the time anticipated or at all. Moreover, Fervo operates in a very competitive and rapidly changing environment, and new risks emerge from time to time. Fervo cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward-looking statements it may make. Accordingly, you should not place undue reliance on any forward-looking statements. All forward-looking statements speak only as of the date of this press release or, if earlier, as of the date they were made. Fervo does not intend to, and disclaims any obligation to, update or revise any forward-looking statements unless required by applicable law. V2 Communications for Fervo Energy

Fervo Energy has become the world's first enhanced geothermal company to deliver commercial electricity to the grid. The company announced that its Cape Station power plant began selling power on 30 September, one day ahead of schedule. The first block of the facility was completed in 23 months from groundbreaking to commercial operations. Once fully operational, Cape Station will generate 100 megawatts, with potential expansion to 4 gigawatts. Fervo aims to complete future blocks in 18 months. Google, Southern California Edison, and other companies have committed to purchasing power from the project. Unlike traditional geothermal plants, enhanced geothermal systems drill deeper to access hotter rock, enabling development in more locations. Fervo went public in May, raising $1.9 billion.

Fervo Energy Company (FRVO) faces investor scrutiny amid post-ipo transmission curtailment revelation - HBSS. SAN FRANCISCO, Oct. 01, 2026 (GLOBE NEWSWIRE) - During Fervo Energy Company's (NASDAQ: FRVO) August 12, 2026 Q2 2026 earnings call, the company revealed that it expected a temporary shutdown of certain transmission infrastructure it relies on to deliver electricity from its Cape Station project. This news drove the price of Fervo shares down over 16% that day to close at $20.16, well below the company's $27 IPO price in May 2026. "We're focused on whether Fervo was aware of the planned curtailment at the time of its IPO and if so, whether the company and management may have negligently..." "if curtailment is required due to load system inefficiency, our ability to sell and deliver our power to our customers may be adversely impacted and we may..." "[t]his is really due to curtailment on the transmission lines that we have going from the Cape site to our end customers" "[t]his is something that we've had our eye on for some time." The report and market response have prompted national shareholders rights firm Hagens Berman to open an investigation into whether Fervo was sufficiently transparent about the curtailment in its IPO documents and, if not, whether there may be violations of the federal securities laws. The firm encourages Fervo investors who suffered substantial losses to submit your losses now. Persons with knowledge who may be able to assist the investigation are invited to contact the firm's attorneys. Fervo Energy Company (FRVO) Investigation: Fervo builds, owns, and operates geothermal power facilities in the United States. The company depends on third-party transmission systems to deliver its power. On May 14, 2026, Fervo completed its IPO and issued 80.5 million shares at $27 per share. The investigation is focused on the propriety of Fervo's statements about risks to its business related to third-party curtailments of transmission systems on which the company depends, particularly with respect to the company's Cape Station GeoCluster. More specifically, the company's IPO documents generally characterized this risk as "potential" and said "if curtailment is required due to load system inefficiency, our ability to sell and deliver our power to our customers may be adversely impacted and we may either incur additional costs or forego revenues." The propriety of these disclosures may have come into question on August 12, 2026. That day, Fervo reported its Q2 2026 financial results and held its related earnings conference call. The company surprised investors with 2027 revenue estimates of just $60 million to $80 million. Management revealed "[t]his is really due to curtailment on the transmission lines that we have going from the Cape site to our end customers" and "[t]his is something that we've had our eye on for some time." The market swiftly reacted, sending the price of Fervo shares down $4.01 (-16%) to close at $20.16, or over 25% lower than the IPO price. "We're focused on whether Fervo was aware of the planned curtailment at the time of its IPO and if so, whether the company and management may have negligently not disclosed it," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation. If you invested in Fervo Energy and have substantial losses, or have knowledge that will assist the firm's investigation, submit your losses now" Whistleblowers: Persons with non-public information regarding Fervo Energy Company should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected]. About Hagens Berman Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.