Fervo Energy Co

This prospectus contains forward-looking statements about us and our industry that involve substantial risks and

uncertainties. All statements other than statements of historical facts contained in this prospectus, including

statements regarding our future results of operations or financial condition, business strategy, and plans and

objectives of management for future operations may be forward-looking statements. In some cases, you can identify

forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,”

“intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the

negative of these terms or other similar expressions. Forward-looking statements contained in this prospectus

include, but are not limited to statements about:

•risks related to expanding our 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 our geothermal infrastructure;

•financial performance influenced by fluctuations in interest rates, capital availability, and other market

conditions;

•capacity actually constructed or for which we enter PPAs under non-binding agreements, like the GFA;

•exposure to legal proceedings and claims arising from our business operations;

•protecting our brand reputation and facing potential negative public perception;

•negative public perception and political opposition impacting our ability to secure regulatory approvals and

market acceptance;

•the successful and timely execution of our 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 our operations, supply chain, and customer demand;

•the risk that our estimates of capacity potential and HIIP are inaccurate or that we are unable to produce

quantities of electrical energy commensurate with such estimates; and

•other risks and uncertainties described in this prospectus, including those set forth under “Risk Factors.”

prospectus. The forward-looking statements in this prospectus are only predictions. We have based these forward-

looking statements largely on our current expectations and projections about future events and financial trends that

we believe may affect our business, financial condition and results of operations. Forward-looking statements

involve known and unknown risks, uncertainties and other important factors that may cause our actual results,

performance or achievements to be materially different from any future results, performance or achievements

expressed or implied by the forward-looking statements. We believe that these factors include, but are not limited to

the factors set forth under “Risk Factors.” Because forward-looking statements are inherently subject to risks and

uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking

statements as predictions of future events. Moreover, we operate in a very competitive and rapidly changing

environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks

and uncertainties that could have an impact on the forward-looking statements contained in this prospectus. The

events and circumstances reflected in our forward-looking statements may not be achieved or occur and actual

results could differ materially from those projected in the forward-looking statements.

In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant

subject. These statements are based upon information available to us as of the date of this prospectus, and while we

believe such information forms a reasonable basis for such statements, such information may be limited or

incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or

review of, all potentially available relevant information. These statements are inherently uncertain and investors are

cautioned not to unduly rely upon these statements.

The forward-looking statements made in this prospectus relate only to events as of the date on which the

statements are made. We undertake no obligation to update any forward-looking statements made in this prospectus

to reflect events or circumstances after the date of this prospectus or to reflect new information or the occurrence of

unanticipated events, except as required by law. We may not actually achieve the plans, intentions or expectations

disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking

statements. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers,

dispositions, joint ventures or investments we may make.

exhibits to the registration statement of which this prospectus forms a part with the understanding that our actual

future results, levels of activity, performance and achievements may be materially different from what we expect.

We qualify all of our forward-looking statements by these cautionary statements.