Geothermal company Fervo has accumulated $12 billion in orders for its drilling technology while simultaneously targeting the natural gas market by reducing geothermal drilling costs at its 8.4 GW Utah resource.
Background
Fervo Energy is a leading player in enhanced geothermal systems (EGS), adapting hydraulic fracturing techniques from the oil and gas industry to generate heat from deep underground reservoirs. The company recently commissioned one of the world's largest EGS projects in Utah, signaling rapid commercial scaling of geothermal power.
- Source
- TechCrunch
- Published
- Nov 10, 2026 at 04:55 AM
- Score
- 8.0 / 10