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 »
Geothermal startup Fervo Energy is reportedly eyeing an initial public offering in the next two years. Driving the consideration is the growing concern over power demand growth from data centers, which could double by 2029. “There’s clearly a huge hunger in the public markets right now to figure out, how are we going to solve
Geothermal unicorn Fervo Energy may IPO as early as next year Read More »
Oil and gas isn’t the only source of energy lurking under our feet. Drill deep enough and the Earth’s temperature stays consistent enough that it can be a source of heating and cooling for homes, offices, and data centers. But in many regions, geothermal wells today bottom out at around 500 feet, a limitation that
Bedrock Energy wants geothermal to make data centers cooler and offices more comfortable Read More »
President-elect Donald Trump made no secret during his campaigning that he doesn’t think the U.S. should take an aggressive stance on climate change. From leading chants of “drill, baby, drill” to frequently criticizing everything from wind turbines to electric vehicles, he appears poised to cast a shadow over the climate tech sector for the next
Climate VCs are cautiously optimistic about a second Trump term — here’s why Read More »
Cindy Taff was standing out in the flat expanse of Starr County, Texas, in early 2022 when she felt it. “It was literally vibrating the ground,” she told TechCrunch. “That was an ‘ah-ha’ moment for me.” Her startup, Sage Geosystems, was testing equipment used to harvest heat from deep in the earth. The team had
