Fervo Energy, a Houston-based startup, is on a mission to significantly increase the share of geothermal energy in the United States, aiming for around 20% of the country’s power supply. Using innovative drilling techniques borrowed from the oil and gas industry, Fervo digs deep into the Earth, reaching depths of approximately 8,000 feet. From there, it creates horizontal tunnels extending about 3,000 feet, forming loops where water is added to generate steam. This steam then drives turbines, producing electricity.
In late 2023, Fervo Energy launched its first power plant in the desert of northern Nevada, in collaboration with Google, which has invested in the company as part of its commitment to achieve carbon neutrality by the end of the decade. While solar and wind energy sources are abundant and cost-effective, they lack the consistent output of dispatchable electricity provided by hydropower, hydrogen, and nuclear sources. Fervo’s enhanced geothermal technology offers a reliable alternative, even at current market prices.
Utilizing power purchase agreements similar to those used in renewable energy projects, Fervo is advancing its initiatives, including the construction of a 400-megawatt project in Utah capable of powering approximately 300,000 homes. Despite challenges such as permitting concerns, Fervo remains optimistic about its expansion plans. The company asserts that its drilling techniques are seismologically safer than conventional methods, and it aims to capitalize on government support for geothermal energy under the Biden administration. With these efforts, Fervo Energy anticipates having a gigawatt of power capacity online or in development by the end of the decade.
For more information visit www.fervoenergy.com
