Let me guess, boiling water again?
yeah, stuck in the steam age… with centralised monopilised infrastructure and zero redundancy
This is a fluff piece aimed at driving interest for Fervo’s IPO - they are the only company mentioned despite being an insignificant player in the broader Geo space.
being an insignificant player in the broader Geo space.
The broader geo space is insignificant right now. We have about 4.0 GW of capacity nationwide.
But people are excited about the future. USGS and the Department of Energy estimate that about 90GW of capacity is achievable by 2050.
Fervo’s IPO filing claims that it will have 100 MW online next year, with up to 400 MW from the Cape Station site targeted for 2028.
The pace of development (with techniques learned from oil and gas fracking and horizontal drilling) means that we’ll know soon just how feasible this will be. I think it’s almost certainly going to be more cost effective than nuclear, and has the best prospects of providing dispatchable carbon-free energy around the clock in the near future.
If you don’t like oilprice (and I don’t love their reporting generally), you can read more from Canary Media.
