Fervo Energy
About
Editor's note: Updated Aug. 26, 2022.
Headquarters Address
Houston, TX
United States
Website
www.fervoenergy.comNews
Fervo Secures $206MM for Enhanced Geothermal System Project
Fervo Energy has secured $206 million for its Cape Station enhanced geothermal system project to continue development, the company said, one day after announcing the project's appraisal well set several geothermal drilling records.
Fervo Energy Sets Geothermal Drilling Records with Appraisal Well in Utah
The ability to drill deeper and hotter expands the commercial viability window for enhanced geothermal systems, according to Fervo.
Oil, Gas Producers’ Next Frontier…Geothermal?
Enverus analysts say there is potential for more oil and gas companies to tap into geothermal on their existing assets—depending on available infrastructure and resource temperatures.
Energy Transition in Motion (Week of April 18, 2025)
Here is a look at some of this week’s renewable energy news, including a move by battery maker Lyten to strengthen the U.S. battery supply chain.
Shell Taps Fervo for Geothermal Power from Utah Plant
Fervo Energy said it signed a 15-year power purchase agreement with Shell Energy North America for 31 megawatts of geothermal power from its Cape Station project.
Oil & Gas, Geothermal Technology Transfer Not a One-Way Street
Technologies commonly used in oil and gas are making it cheaper to drill deep into hot reservoirs to generate geothermal power, but the oil sector could also learn from geothermal, panelists say.
NextEra CEO: Renewables Offer Cheaper Way to Meet AI Power Demand
Some forms of energy are better positioned to meet electricity needs today from both timing and cost perspectives, NextEra Energy CEO John Ketchum said at CERAWeek by S&P Global.
Google, SLB, Project Innerspace Form Geothermal Partnership
The geothermal partnership between Google Cloud, SLB and Project Innerspace takes shape as energy demand surges, driven in the U.S. by data center growth, the rise of electrification and an increase in manufacturing activity.
E&Ps’ Subsurface Wizardry Transforming Geothermal, Lithium, Hydrogen
Exploration, drilling and other synergies have brought together the worlds of subsurface oil drilling and renewable energies.
Energy Transition in Motion (Week of Dec. 20, 2024)
Here is a look at some of this week’s renewable energy news, including billions of dollars in loan awards from the U.S. Department of Energy.
Fervo Energy Adds $255 Million in Funding for Geothermal Projects
Fervo Energy secured $135 million in funding from Capricorn Investment and a $120 million letter of credit from Mercuria.
Fervo Energy, Partners Launch Geothermal Apprenticeship Program
Participants will have a chance to learn geothermal directional drilling and well completions, while getting on-the-job training and taking college-level coursework, the company says.
Energy Transition in Motion (Week of Oct. 18, 2024)
Here is a look at some of this week’s renewable energy news, including approval of a 2-gigawatt geothermal project in Utah.
Energy Transition in Motion (Week of Sept. 13, 2024)
Here is a look at some of this week’s renewable energy news, including an agreement between Exxon Mobil and Mitsubishi Corp. concerning ammonia from a planned hydrogen facility in Texas.
Fervo Energy Achieves ‘Record Breaking’ Geothermal Well Flow Rates
Fervo Energy’s Cape Station project will generate 90 megawatts of renewable energy capacity during its first phase.