Geothermal startup Fervo catapults itself over the ‘valley of death’
Fervo landed a large new loan with terms that strongly suggest the company’s most turbulent days are behind it.
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.
Fervo Energy’s Series E round will help the company build additional phases of its Cape Station power plant while beginning development on new sites.
The revamped organizational structure cut at least one office authorized by Congress, which could spur legal challenges.
Geothermal startup Mazama Energy said it drilled a borehole that set a temperature record. Such superhot rocks could make geothermal a key player in data center power.
Rodatherm Energy emerged from stealth with $38 million in Series A funding. It plans to build a closed-loop geothermal power plant that uses refrigerants to move heat to the surface.
Geothermal energy startups including Fervo Energy and Sage Geosystems are signing key deals that bring their technology closer to broader commercial deployment.
The final bill is largely what emerged from the Senate Finance Committee in mid-June.
Google has pledged to use only carbon-free sources of electricity to power its operations, a task made more challenging by its breakneck pace of data center growth.