SpaceX alum nabs $22M to turn rocket engines into geothermal power plants
Critical Energy is turning rocket engines into geothermal power plants, and it wants to build 300 GW per year by 2045.
geothermal energy
Geothermal startup Fervo Energy pops 33% in IPO debut fueled by AI data center demand
Fervo Energy’s IPO was upsized several times after potential investors asked why the enhanced geothermal startup wasn’t raising more money.
Geothermal startup Fervo Energy to raise up to $1.3B in IPO
Enhanced geothermal startup Fervo Energy’s IPO could value the company at up to $6.5 billion.
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.
Zanskar thinks 1 TW of geothermal power is being overlooked
Zanskar has raised $115 million to find about a dozen geothermal resources that could help power the grid throughout the U.S. West.
Google invests in Fervo’s $462M round to unlock even more geothermal energy
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.
Trump Energy department drops renewables, promotes fusion in office reshuffle
The revamped organizational structure cut at least one office authorized by Congress, which could spur legal challenges.
Khosla-backed Mazama taps super-hot rocks in race to deliver 24/7 power
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 wants to make geothermal more efficient, but will it be cheaper?
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.
Advanced geothermal startups are just getting warmed up
Geothermal energy startups including Fervo Energy and Sage Geosystems are signing key deals that bring their technology closer to broader commercial deployment.