As grids come under strain from growing demand from data centers and EVs, geothermal startups have been racing to unlock energy that lurks deep within the Earth. Now, one startup has developed the world’s hottest geothermal well — one that harbors enough energy to power thousands of homes. Mazama Energy said today that it had […]
Khosla-backed Mazama taps super-hot rocks in race to deliver 24/7 power Read More »
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
Rodatherm Energy wants to make geothermal more efficient, but will it be cheaper? Read More »
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
Advanced geothermal startups are just getting warmed up Read More »
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
Final GOP bill kneecaps renewables and hydrogen, but lifts nuclear and geothermal Read More »
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
Google’s data center energy use doubled in 4 years Read More »
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.
Senate GOP bill spares nuclear and geothermal energy while hammering wind and solar Read More »
Meta is the latest tech company to warm to geothermal energy, announcing on Thursday a deal with startup XGS Energy to develop a 150 megawatt geothermal power plant in New Mexico. XGS Energy has yet to say where it’ll be building the power plant, and Meta wouldn’t disclose specifics about the deal other than to
Meta teams with XGS Energy to build a 150 MW geothermal power plant Read More »
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
Fervo Energy lands $206M in financing to build massive geothermal power plant Read More »
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
Google bets on geothermal to power data centers in Taiwan Read More »
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
Geothermal could power nearly all new data centers through 2030 Read More »
