Tag: regulatory

HOUSTON – Consolidated Asset Management Services (CAMS), a fully-integrated service provider for owners of energy infrastructure assets, announced today that its client Fervo Energy (Fervo) was listed alongside Tesla as the Top 100 Green Energy Startups in the U.S.

CAMS provides back-office accounting and financial reporting services, payroll services and regulatory reporting services for Fervo.

Fervo commercializes proprietary technology to own, develop and operate geothermal assets as the dispatchable foundation to a 100% clean energy future. CAMS is proud to provide back-office support for a company that is leveraging innovation in geoscience to accelerate the clean energy transition.

Fervo and Google also signed the world’s first corporate agreement to develop a next-generation geothermal power project, which will soon add carbon-free energy to the electric grid that serves Google’s data centers and infrastructure throughout Nevada. This “always-on” carbon-free resource can reduce Google’s hourly reliance on fossil fuels.

CAMS provides accounting, finance, and institutional management for its clients, acting as the primary interface with lending institutions, credit agencies, taxing authorities, financial audit firms, and other stakeholders. The company’s back-office capabilities include annual budget preparation, day-to-day accounting, monthly financial statements preparation, variance reporting, acquisition support, property tax, treasury, accounts payable, debt holder and credit rating agency management and compliance, and audit oversight. CAMS accounting and finance professionals can also negotiate with local, state, and federal agencies to obtain public and private funding for infrastructure construction.