Fervo Energy Company’s institutional investors led by several Technology Impact vehicles reported significant ownership of the company’s Class A common stock on a Schedule 13G. As of June 30, 2026, funds including Technology Impact Fund and Technology Impact Growth Fund II collectively hold large blocks of shares, with TIF I directly holding 12,055,467 shares and TIGF II directly holding 14,962,430 shares. Additional positions include 5,448,761 shares held by TIGF II Direct Strategies LLC - Series 5 and 1,760,732 shares held by Series 7. Based on 286,869,000 Class A shares outstanding as of June 30, 2026, Ion Yadigaroglu and Dipender Saluja each report beneficial ownership of 34,227,390 shares, or 11.9% of the class, through these entities, with shared voting and dispositive power. The reporting persons state that they expressly disclaim status as a “group.”
Positive
None.
Negative
None.
Key Figures
Shares outstanding:286,869,000 sharesTIF I holdings:12,055,467 sharesTIGF II holdings:14,962,430 shares+4 more
7 metrics
Shares outstanding286,869,000 sharesClass A common stock outstanding as of June 30, 2026
TIF I holdings12,055,467 sharesClass A shares directly held by Technology Impact Fund, LP
TIGF II holdings14,962,430 sharesClass A shares directly held by Technology Impact Growth Fund II, LP
TIGF II DS 5 holdings5,448,761 sharesClass A shares held by TIGF II Direct Strategies LLC - Series 5
TIGF II DS 7 holdings1,760,732 sharesClass A shares held by TIGF II Direct Strategies LLC - Series 7
Beneficial ownership per manager34,227,390 shares (11.9%)Class A shares beneficially owned by Saluja and Yadigaroglu as of June 30, 2026
TIGF Partners II percent7.7%Percent of Class A common stock beneficially owned by TIGF Partners II, LLC
"sets forth the aggregate number of shares of Class A common stock ... beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting powerfinancial
"6 | Shared Voting Power 34,227,390.00 7 | Sole Dispositive Power 0.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"8 | Shared Dispositive Power 34,227,390.00 9 34,227,390.00"
Schedule 13Gregulatory
"The names of the persons filing this report ... on a Schedule 13G"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Joint Filing Agreementregulatory
"Exhibit 99.1 Joint Filing Agreement"
FAQ
What percentage of Fervo Energy (FRVO) does Technology Impact Fund report owning?
Technology Impact Fund, LP reports beneficial ownership of 12,055,467 Fervo Energy Class A shares, representing 4.2% of the class, based on 286,869,000 shares outstanding as of June 30, 2026.
How many Fervo Energy (FRVO) shares does Technology Impact Growth Fund II hold?
Technology Impact Growth Fund II, LP directly holds 14,962,430 Fervo Energy Class A shares. This position represents 5.2% of the outstanding Class A common stock as of June 30, 2026.
What is the total Fervo Energy (FRVO) stake reported by Dipender Saluja?
Dipender Saluja reports beneficial ownership of 34,227,390 Fervo Energy Class A shares, equal to 11.9% of the class, with shared voting and dispositive power through various Technology Impact entities.
How many Fervo Energy (FRVO) shares are outstanding for the ownership calculations?
The ownership percentages are calculated using 286,869,000 Fervo Energy Class A common shares outstanding as of June 30, 2026, as reported in the company’s Quarterly Report on Form 10-Q filed on August 13, 2026.
Do the Technology Impact entities file as a group in this Fervo Energy (FRVO) Schedule 13G?
The reporting persons state they expressly disclaim status as a “group” for purposes of the beneficial ownership reporting, even though they file a joint Schedule 13G with a Joint Filing Agreement.
Where are the Technology Impact reporting entities for Fervo Energy (FRVO) organized?
All Technology Impact reporting entities, including TIF Partners, LLC and TIGF Partners II, LLC, are organized in Delaware. Individual reporting persons Ion Yadigaroglu and Dipender Saluja are United States citizens.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Fervo Energy Company
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
31556C106
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
31556C106
1
Names of Reporting Persons
TIF Partners, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
12,055,467.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,055,467.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,055,467.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.2 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
31556C106
1
Names of Reporting Persons
Technology Impact Fund, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
12,055,467.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,055,467.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,055,467.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
31556C106
1
Names of Reporting Persons
TIGF Partners II, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
22,171,923.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
22,171,923.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
22,171,923.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.7 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
31556C106
1
Names of Reporting Persons
Technology Impact Growth Fund II, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
14,962,430.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
14,962,430.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,962,430.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
31556C106
1
Names of Reporting Persons
TIGF II Direct Strategies LLC - Series 5
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,448,761.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,448,761.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,448,761.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.9 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
31556C106
1
Names of Reporting Persons
TIGF II Direct Strategies LLC - Series 7
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,760,732.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,760,732.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,760,732.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.6 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
31556C106
1
Names of Reporting Persons
Dipender Saluja
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
34,227,390.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
34,227,390.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
34,227,390.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
11.9 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP Number(s):
31556C106
1
Names of Reporting Persons
Ion Yadigaroglu
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
34,227,390.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
34,227,390.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
34,227,390.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
11.9 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Fervo Energy Company
(b)
Address of issuer's principal executive offices:
811 Main Street, Suite 1700, Houston, TX, 77002.
Item 2.
(a)
Name of person filing:
The names of the persons filing this report (collectively, the "Reporting Persons") are:
TIF Partners, LLC ("TIF Partners I")
Technology Impact Fund, LP ("TIF I")
TIGF Partners II, LLC ("TIGF Partners II")
Technology Impact Growth Fund II, LP ("TIGF II")
TIGF II Direct Strategies LLC - Series 5 ("TIGF II DS 5")
TIGF II Direct Strategies LLC - Series 7 ("TIGF II DS 7")
Ion Yadigaroglu ("Yadigaroglu")
Dipender Saluja ("Saluja")
The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.
(b)
Address or principal business office or, if none, residence:
512 West 22nd Street, 6th Floor
New York, NY 10011
(c)
Citizenship:
All of the entities were organized in Delaware. Saluja and Yadigaroglu are both United States citizens.
(d)
Title of class of securities:
Class A Common Stock, par value $0.0001 per share
(e)
CUSIP Number(s):
31556C106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Row 9 of each Reporting Person's cover page to this Schedule 13G sets forth the aggregate number of shares of Class A common stock of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
The Reporting Persons' ownership of the Issuer's securities consists of (i) 12,055,467 shares of Class A common stock directly held by TIF I; (ii) 14,962,430 shares of Class A common stock directly held by TIGF II; (iii) 5,448,761 shares of Class A common stock held directly by TIGF II DS 5; and (iv) 1,760,732 shares of Class A common stock directly held by TIGF II DS 7.
TIF Partners I is the general partner of TIF I and may be deemed to share voting and dispositive power over the shares held by TIF I. Saluja and Yadigaroglu are managers of TIF Partners I and may be deemed to share voting and dispositive power over the shares held by TIF I.
TIGF Partners II is the general partner of TIGF II and the manager of each of TIGF II DS 5 and TIGF II DS 7. TIGF Partners II, LLC may be deemed to share voting and dispositive power over the shares held by each of TIGF II, TIGF II DS 5 and TIGF II DS 7. Saluja and Yadigaroglu are managers of TIGF Partners II and may be deemed to share voting and dispositive power over the shares held by each of TIGF II, TIGF II DS 5 and TIGF II DS 7.
(b)
Percent of class:
Row 11 of each Reporting Person's cover page to this Schedule 13G sets forth the percentages of the shares of Class A common stock of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference. The percentage set forth in each row 11 is based upon 286,869,000 shares of Class A common stock outstanding as of June 30, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on August 13, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Row 5 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
(ii) Shared power to vote or to direct the vote:
Row 6 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
(iii) Sole power to dispose or to direct the disposition of:
Row 7 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
(iv) Shared power to dispose or to direct the disposition of:
Row 8 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
TIF Partners, LLC
Signature:
/s/ Dipender Saluja
Name/Title:
By Dipender Saluja, Manager
Date:
08/14/2026
Technology Impact Fund, LP
Signature:
/s/ Dipender Saluja
Name/Title:
By TIF Partners, LLC, its General Partner, By Dipender Saluja, Manager
Date:
08/14/2026
TIGF Partners II, LLC
Signature:
/s/ Dipender Saluja
Name/Title:
By Dipender Saluja, Manager
Date:
08/14/2026
Technology Impact Growth Fund II, LP
Signature:
/s/ Dipender Saluja
Name/Title:
By TIGF Partners II, LLC, its General Partner, By Dipender Saluja, Manager
Date:
08/14/2026
TIGF II Direct Strategies LLC - Series 5
Signature:
/s/ Dipender Saluja
Name/Title:
By TIGF Partners II, LLC, its Manager, By Dipender Saluja, Manager
Date:
08/14/2026
TIGF II Direct Strategies LLC - Series 7
Signature:
/s/ Dipender Saluja
Name/Title:
By TIGF Partners II, LLC, its Manager, By Dipender Saluja, Manager
