Fervo’s contracted revenue jumps to $11.9 billion
Fervo’s contracted revenue rose to $11.9 billion from $7.2 billion, while its Utah projects promise phased geothermal power for Google and other data-center customers.
Topic
Geothermal Energy
Topic
Geothermal Energy
Morgan Stanley Calls Geothermal the Next Shale Revolution
Morgan Stanley rates Ormat and Fervo Energy overweight, calling geothermal the next shale revolution as AI-driven power demand ac…
Undersea Volcano Test Produces Power, Startup Says
Endurance Energy drilled the first fully encased well at an underwater volcano off Oregon, tapping 500-degree heat. Its generator…
Fervo Flips the Switch on Cape Station, World's First Utility-Scale Next-Gen Geothermal
Fervo Energy started up Cape Station in Utah, the first utility-scale enhanced geothermal plant worldwide, selling power to South…
Fervo Energy Lands $20 Million in DOE Awards for Geothermal Push
Fervo Energy won two DOE awards totaling about $20 million for EGS projects in Idaho and Nevada as it builds toward multi-hundred…
Texas Geothermal Firm Lands $135 Million for Newberry Volcano
A Texas geothermal company raised $135 million to keep drilling into superhot rock at Oregon's Newberry Volcano, extending one of…
Fervo Energy Jumps 33% in IPO Debut on AI Data Center Demand
Geothermal startup Fervo Energy popped 33% in its IPO debut, TechCrunch reports, as investor appetite for clean, round-the-clock…
U.S. Chamber Backs Geothermal Energy Advancement Act
The U.S. Chamber of Commerce is urging the Senate energy committee to pass H.R. 5631, a bipartisan bill to speed geothermal permi…
XGS Energy Hires Morgan Stanley as It Eyes IPO, Axios Reports
XGS Energy has hired Morgan Stanley as it prepares for a potential IPO, Axios reports, putting a top Wall Street underwriter behi…