Fervo
A US geothermal energy technology company that focuses on lowering geothermal drilling costs by adapting drilling techniques from the oil and gas industry, developing large-scale geothermal power projects, and providing stable baseload clean electricity.
Timeline (last 90 days)
Fervo's cumulative geothermal power technology order value has reached $12 billion.
Fervo is developing a geothermal resource project with an installed capacity of 8.4 GW in Utah, USA.
Fervo's core strategy is to make geothermal power generation directly cost-competitive with natural gas generation by continuously reducing geothermal drilling costs.
Fervo's drilling method draws on technical approaches such as horizontal wells and hydraulic fracturing, applying the drilling efficiency accumulated in the oil and gas industry to geothermal development.
If Fervo's order volume materializes in the form of PPAs, it means its customers have already incorporated geothermal into their multi-year energy planning.
All Facts (5)
Fervo's cumulative geothermal power technology order value has reached $12 billion.
50%UnverifiedFervo is developing a geothermal resource project with an installed capacity of 8.4 GW in Utah, USA.
50%UnverifiedFervo's core strategy is to make geothermal power generation directly cost-competitive with natural gas generation by continuously reducing geothermal drilling costs.
50%UnverifiedFervo's drilling method draws on technical approaches such as horizontal wells and hydraulic fracturing, applying the drilling efficiency accumulated in the oil and gas industry to geothermal development.
50%UnverifiedIf Fervo's order volume materializes in the form of PPAs, it means its customers have already incorporated geothermal into their multi-year energy planning.
50%