Fervo now has $12B in orders for its geothermal power tech

Fervo, a geothermal company, has secured $12 billion in orders for its geothermal power technology, with a significant portion of the revenue coming from a 396 MW power plant for Google. The company's technology has improved, allowing it to build deeper and hotter wells, each capable of generating 15 MW of power. This phased construction approach allows hyperscalers like Google to bring online capacity as it's completed, making it more competitive with natural gas power plants. The company's 8.4 GW resource in Utah is expected to generate significant electricity, and Fervo is on track to complete its first power plant for Google by the end of 2028.