geothermal energy

Rodatherm Energy wants to make geothermal more efficient, but will it be cheaper?

Fundraising /

Rodatherm Energy, a new geothermal startup, emerged from stealth Monday with $38 million in funding and a plan to build a pilot plan in Utah.  The startup differentiates itself by plumbing its boreholes with a closed loop, likely made of steel, that’s filled with a refrigerant. That contrasts with other enhanced geothermal companies, which tend […]

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Advanced geothermal startups are just getting warmed up

Climate /

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

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Final GOP bill kneecaps renewables and hydrogen, but lifts nuclear and geothermal

Climate /

Republican legislators Thursday passed a reconciliation act that, among other things, unwinds much of the Inflation Reduction Act. The bill, which passed 218-214 with two Republicans voting no, now awaits President Donald Trump’s signature. Trump is expected to sign it. Solar, wind, and clean hydrogen will all lose incentives under the new bill, while nuclear

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Google’s data center energy use doubled in 4 years

Enterprise /

No wonder Google is desperate for more power: The company’s data centers more than doubled their electricity use in just four years. The eye-popping stat comes from Google’s most recent sustainability report, which it released late last week. In 2024, Google data centers used 30.8 million megawatt-hours of electricity. That’s up from 14.4 million megawatt-hours

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Senate GOP bill spares nuclear and geothermal energy while hammering wind and solar

Climate /

One month after the House passed its version of a reconciliation bill, Senate Republicans released their take on the budget bill Monday night. The Senate Finance Committee’s language would take a sledgehammer to some parts of the renewable-friendly Inflation Reduction Act (IRA) while sparing others.  Solar, wind, and hydrogen bear the brunt of the impact.

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Fervo Energy lands $206M in financing to build massive geothermal power plant

Fundraising /

Geothermal frontrunner Fervo Energy said Wednesday that it had secured $206 million in financing to continue work on a new power plant in Utah.  The startup is developing what promises to be the largest enhanced geothermal power plant in the world. The initial phase of Cape Station is expected to come online next year and

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Google bets on geothermal to power data centers in Taiwan

Climate /

Google will add 10 megawatts of geothermal power in Taiwan to its renewable portfolio, the company announced Tuesday, marking the search giant’s first geothermal investment in Asia. Swedish company Baseload Capital is developing the project through a local subsidiary, which has been mapping the island for geothermal resources since 2019. It’s not the first geothermal

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Geothermal could power nearly all new data centers through 2030

Climate /

There’s a power crunch looming as AI and cloud providers ramp up data center construction. But a new report suggests that a solution lies beneath their foundations. Advanced geothermal power could supply nearly two-thirds of new data center demand by 2030, according to an analysis by the Rhodium Group. The additions would quadruple the amount

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Trump’s pro-fracking energy secretary pick has also invested in geothermal and nuclear startups

Government & Policy /

President-elect Donald Trump said on Saturday that he would be nominating Chris Wright, CEO of oilfield services company Liberty Resources, to the post of energy secretary.  Wright has been a big booster of oil and gas. From his perch at Liberty, Wright last year denied that there’s a climate crisis or that it’ll result in

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