Geothermal

A rendering of a data center campus powered by geothermal.
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DATA + CLOUD
Meta is betting big on geothermal for data centers

The tech giant’s chosen partner, Sage Geosystems, also builds long-duration energy storage.

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STORAGE
ERCOT’s first geothermal electrons are coming to the grid

Startup Sage Geosystems is taking advantage of Texas’ easy-to-navigate permitting process to build a first-of-a-kind storage project.

Catalyst
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Going deep on next-gen geothermal

Three emerging technologies could help geothermal scale beyond its traditional geographies and drive down the cost of generation.

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Project finance
Fervo, Southern California Edison sign largest-ever geothermal PPA

California is “a priority market for the foreseeable future” for Fervo, per strategy exec.

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VC
Investor Andrew Beebe talks AI-fueled geothermal and ‘the edge of the possible’

Beebe thinks AI will unlock more clean, firm power — while also sparking a new era of generative science.

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VC
Geothermal startups are suddenly raising a lot of money

At least six companies — most recently, XGS Energy — looking to revitalize geothermal have closed financing rounds in the past six months.

Analysis
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Project finance
Fervo eyes project-level finance as it plans for geothermal at scale

Post-Series D, the company is eyeing project-level finance. But first, it has to get institutional investors comfortable with the tech.

Steam from geothermal
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VC
Geothermal startup Quaise nabs $21 million for pilot prep

The company hopes to make geothermal “geography agnostic” by using high-power microwaves to vaporize rocks.

A geothermal plant
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DATA + CLOUD
Google: Geothermal could follow 'similar trajectory' to solar

The tech giant’s first geothermal-powered data centers are live in Nevada.