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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.
When Congressional Republicans took a sledgehammer to the Inflation Reduction Act last summer, advanced geothermal startups were largely spared. Houston-based Fervo Energy said on Tuesday it has picked a supplier for key parts of its power plants, signaling that the second phase of the Cape Station project in Utah was moving full steam ahead. Because geothermal power plants generate heat round the clock, they’ve attracted the interest of data center developers.
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