Fervo
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Maximizing profits in geothermal energy may require the flexibility to adjust output as electricity prices fluctuate. Battery storage can ensure power is available when prices peak. -
Recent geothermal tests in Utah show major advancements in flow rates and efficiency, bringing enhanced geothermal systems closer to commercial viability.
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Fervo Energy proved fracturing can harvest geothermal energy and is now rapidly learning to build a utility-scale power plant.
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Cost concerns temper public appetite for clean energy while companies struggle to find investors for projects.
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Houston-based enhanced geothermal systems pioneer uses fracturing and other oil and gas technologies to stabilize power grids with zero-carbon renewable energy that doesn’t depend on the weather.
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The geothermal company will use organic Rankine cycle (ORC) technology, which does not require steam to generate electricity.
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The latest signs that momentum is building in the geothermal space include military bases.
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The oil and gas industry-backed geothermal firm plans to drill up to 29 wells in southwestern Utah that will deliver electricity to the state's grid by 2026.
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Fervo Energy’s bet that fracturing methods can be used for geothermal power is looking like a winner.
