Fervo, Vallourec Ink $800M Deal to Scale U.S. Geothermal Buildout

Fervo Energy and Vallourec are teaming up on a five-year supply deal that could be worth up to $800 million, with the goal of scaling geothermal projects across the United States.

At a high level, this is about locking down the supply chain. Vallourec will act as Fervo’s exclusive supplier for U.S.-made tubulars and VAM® connections, working through distributor Sooner Inc. The companies say everything will be built, tested, and sourced domestically, which is a big piece of the strategy as geothermal starts to scale .