Advanced geothermal startups are just getting warmed up
When Congressional Republicans took a sledgehammer to the Inflation Reduction Act last summer, advanced geothermal startups were largely spared. Drilling for renewable energy appears to be one of the few things that engenders bipartisan support. Now, with the uncertainty settled, geothermal companies are announcing deals that promise to pave the way for broader deployment of their technology. Houston-based Fervo Energy said on Tuesday it has picked a supplier for key parts of its power plants, signaling that the second phase of the Cape Station project in Utah was moving full steam ahead. The startup said that Baker Hughes would design and deliver five steam turbines. Altogether, they’ll generate 300 megawatts of electricity 24/7, enough to power around 180,000 homes. …
