Hephae’s high-temperature drilling tool targets cost cuts in next-gen geothermal, backed by pilots with Fervo and Mazama, with meaningful funding and capacity expansion plans that signal scaling potential.
A neglected Lightning Dock geothermal plant in New Mexico was revived by Zanskar with a deeper 8,000-foot well, delivering >4,000 gpm and 15 MW after 12 months, doubling generation vs old wells and demonstrating deeper drilling can unlock hidden geothermal potential.
Fervo Energy plans an IPO to raise up to $1.3B, with a potential valuation of up to $6.5B.
Google participates in Fervo Energy’s $462 million Series E to fund Cape Station expansion and development of new geothermal sites.
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