This article was originally published by Canary Media.The geothermal startup Fervo Energy is now selling power to the grid from its Cape Station project in Utah — marking the first time a utility-scale, next-generation geothermal facility has achieved…
Fervo Energy completed its first power plant in less than two years. The next phases promise to connect to the grid even quicker.
Geothermal startup Mazama is drilling three miles underground to tap superhot rock, with one well capable of generating 15 MW of electricity 24/7.
Fervo’s deal with Google could expand to 1 gigawatt of geothermal power, enough to supply a very large AI data center in Utah.
Critical Energy is turning rocket engines into geothermal power plants, and it wants to build 300 GW per year by 2045.
Fervo Energy’s IPO was upsized several times after potential investors asked why the enhanced geothermal startup wasn’t raising more money.
Enhanced geothermal startup Fervo Energy’s IPO could value the company at up to $6.5 billion.
Fervo landed a large new loan with terms that strongly suggest the company’s most turbulent days are behind it.
Zanskar has raised $115 million to find about a dozen geothermal resources that could help power the grid throughout the U.S. West.