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 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.
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.
Geothermal is too expensive, but Dig Energy’s impossibly small drill rig might fix that
Dig Energy’s water-jet drilling right promises to cut drilling costs by up to 80%, helping geothermal heating hit price parity with fossil fuel furnaces.
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.
Meta teams with XGS Energy to build a 150 MW geothermal power plant
XGS Energy will build the new power plant in New Mexico.
Fervo Energy lands $206M in financing to build massive geothermal power plant
Fervo is developing what promises to be the largest enhanced geothermal power plant in the world.