Fervo reports $12B in orders for geothermal technology

The geothermal startup has signed commitments for its enhanced geothermal systems platform and is developing an 8.4 GW resource in Utah while positioning itself to compete with natural gas on cost.

First covered Nov 9, 2026 · 12:55 PM PT · 1 article

Fervo reports $12B in orders for geothermal technology — Image via techcrunch.com

Coverage

1d TechCrunch Climate Fervo now has $12B in orders for its geothermal power tech — Geothermal company Fervo is targeting natural gas as it brings down geothermal drilling costs at its 8.4 GW resource in Utah.

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Appeared in: 2026-11-09 (#15) · 2026-11-10 (#13)

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