Sage

From its origins running just a few light bulbs in Tuscany in 1904 to supporting baseloads on national power grids today, geothermal power generation has been driven by technological advancements. Many of these advancements stem from oil and gas exploration and production efforts.

The companies said they plan to work together on developing geopressured geothermal systems for low-carbon energy storage and geothermal power generation.

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.

Fervo Energy proved fracturing can harvest geothermal energy and is now rapidly learning to build a utility-scale power plant.