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KenGen Risks Losing Olkaria Geothermal Wells Over Licence Error

KenGen Risks Losing Olkaria Wells Over 18-Year Licence Blunder Kenya Electricity Generating Company (KenGen) faces a serious legal and operational risk at Olkaria after an error in the coordinates of its geothermal licence left part of the company’s wells, steam infrastructure and other assets outside its legally recognised area. The licensing mistake, made nearly two decades ago, remains unresolved despite the Ministry of Energy and Petroleum acknowledging the problem in 2017.  The dispute has raised questions about the security of KenGen’s investments, the government’s management of geothermal resources and the potential consequences for Kenya’s electricity supply. Olkaria is the country’s most important geothermal centre and accounts for the overwhelming majority of Kenya’s installed geothermal generation capacity.  Licence Error Exposes Strategic Assets The problem dates back to September 19, 2008, when the Ministry of Energy and Petroleum issued KenGen a licence covering ...

Fervo Energy, PNNL, and NVIDIA Forge AI-Powered Digital Twin to Revolutionize Geothermal Development

Fervo Energy and PNNL Leverage AI and NVIDIA Accelerated Computing for New Digital Twin Platform Designed to Advance Geothermal Development

New platform will integrate real‑time field data, physics‑based modeling, and AI to advance critical geothermal infrastructure and maximize power generation

HOUSTON, June 22, 2026 – In a landmark development for the clean energy sector, Fervo Energy (Nasdaq: FRVO), the global pioneer of next‑generation geothermal energy, has joined forces with NVIDIA and the Pacific Northwest National Laboratory (PNNL) to announce a transformative agreement. The collaboration will develop a next‑generation digital twin platform for Enhanced Geothermal Systems (EGS) technology, known as EGS‑Twin. This initiative represents a significant leap forward in the quest for scalable, reliable, and carbon‑free power, leveraging the unprecedented power of artificial intelligence and accelerated computing to unlock the vast potential of geothermal energy.

The Dawn of a New Era for Geothermal Energy

Geothermal energy has long been recognized as a cornerstone of a sustainable energy future. It offers a unique value proposition in the renewable energy landscape: a consistent, 24/7 baseload power source that is not dependent on weather conditions like solar or wind. However, its widespread adoption has historically been constrained by geographic limitations, as traditional geothermal plants require specific conditions of heat, water, and rock permeability found in only a few locations. This is where Enhanced Geothermal Systems (EGS) come into play, and where Fervo Energy has emerged as a global leader.

Fervo Energy is a modern power company built around the market's most critical need: affordable, dependable new power supply. By applying horizontal drilling and hydraulic fracturing techniques adapted from the oil and gas industry, Fervo has established a repeatable, industrial approach to building utility‑scale power virtually anywhere. Their work involves accessing and circulating heat from hot rock formations deep beneath the Earth's surface, creating artificial reservoirs that can be tapped for reliable, clean energy. This approach transforms geothermal from a niche resource into a globally scalable solution designed to meet the surging demand from AI hyperscalers, utilities, and a more electricity‑intensive economy.

The company has already made significant strides in validating its technology. Its Project Red in Nevada, which became operational in 2023, stands out as the longest‑running enhanced geothermal system, providing invaluable operational data. Furthermore, Fervo is constructing a massive 100 MW commercial project in Utah, scheduled to begin operations in 2026, with plans to expand it to 500 MW, making it one of the world's largest geothermal developments.

The Genesis of EGS‑Twin: A Digital Leap Forward

Despite the immense promise of EGS, developing and managing these underground reservoirs is a complex endeavor. Subsurface behavior is inherently difficult to predict, involving intricate interactions between rock mechanics, fluid flow, and heat transfer. Operators often rely on a combination of limited data and complex physics‑based models, which can be computationally expensive and may not provide the real‑time insights needed for optimal performance. It is within this context that the EGS‑Twin initiative emerges as a game‑changer.

The core objective of EGS‑Twin is to deliver real‑time insight into subsurface behavior and operational performance. This will be achieved through the seamless integration of three powerful components:

1. High‑Resolution Field Data: The platform will ingest vast amounts of real‑time data from Fervo's operational sites in Nevada and Utah. This includes data from downhole sensors, production metrics, and other critical operational parameters.
2. Physics‑Based Modeling: PNNL will leverage its deep expertise and high‑performance computing resources—including U.S. Department of Energy supercomputers—to run large‑scale, high‑fidelity simulations of the subsurface environment. These physics‑based models provide a foundational understanding of how the reservoir should behave.
3. AI‑Driven Forecasting: This is where the collaboration with NVIDIA becomes crucial. The massive datasets and complex simulations will be used to train advanced artificial intelligence models.

Fervo's Chief Technology Officer and co‑founder, Jack Norbeck, captured the transformative potential of the initiative, stating: "We believe that digital twins will expedite the learning curve for geothermal development as we build and operate our GeoBlock assets. Integrating high‑fidelity physics‑based models with AI‑driven forecasting has the potential to reshape reservoir management, improve heat recovery, and enhance system reliability."

The Technology Powering the EGS‑Twin

The EGS‑Twin platform is a prime example of how cutting‑edge technology can be deployed to solve critical infrastructure challenges. The development process will unfold as a close collaboration between industry and national science:

· Fervo Energy's Role: Fervo will provide its invaluable industry expertise and proprietary field data from its Nevada and Utah sites. This data is the lifeblood of the project, providing the real‑world information needed to train and validate the AI models.
· PNNL's Role: Scientists and engineers at PNNL will develop the complex workflows and data pipelines necessary to integrate and process the massive data streams. They will leverage their unparalleled experience in high‑performance computing, including DOE supercomputing resources, to run the large‑scale simulations that form the physical backbone of the digital twin.
· NVIDIA's Role: NVIDIA's contribution lies in providing the foundational AI infrastructure. PNNL researchers will use this infrastructure to train scalable AI models on Fervo's field data. Once trained, these AI models will be integrated into NVIDIA Omniverse libraries. NVIDIA Omniverse is a platform for building and operating metaverse applications, enabling the creation of physically accurate digital twins. This integration will allow the AI models to be deployed in a highly visual and interactive environment, giving operators a powerful new tool.

A New Paradigm for Geothermal Operations

The implementation of EGS‑Twin, scheduled for 2029, is expected to fundamentally change how geothermal assets are developed and managed. The platform is designed to provide tangible benefits:

· Faster Identification and Response: By providing real‑time AI‑driven forecasts, the platform will help geothermal operators more quickly identify subsurface changes, such as unexpected cooling or preferential flow paths, and respond proactively.
· Optimized Power Generation: With a clearer, real‑time understanding of the reservoir, operators can make data‑driven decisions to optimize power generation, maximizing the energy output from each well.
· Strengthened Scalability: Perhaps most importantly, EGS‑Twin is designed to strengthen the scalability of enhanced geothermal systems. By reducing the uncertainties associated with subsurface development, digital twins can significantly de‑risk new projects, making it easier to attract investment and accelerate the global deployment of EGS.

This collaboration is more than just a technological achievement; it is a strategic alignment of some of the most powerful forces in energy and technology. By combining Fervo's industry leadership, PNNL's scientific rigor, and NVIDIA's AI expertise, the project represents a major step toward integrating AI and advanced computing into clean energy. As the world seeks to deploy 24/7 carbon‑free power to meet growing global energy demand, initiatives like EGS‑Twin will be instrumental in ensuring that geothermal energy can play its full and vital role in the clean energy transition.

About Fervo Energy

Fervo Energy is a modern power company built around one of the market's most important needs: affordable, dependable new power supply. Through the large‑scale deployment of enhanced geothermal systems, Fervo has established a repeatable, industrial approach to building utility‑scale power. The company is transforming geothermal into a clean, reliable, cost‑competitive solution designed to meet rising demand from AI hyperscalers, utilities, and a more electricity‑intensive economy.

Forward‑Looking Statements

This press release contains “forward‑looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, are forward‑looking statements. When used in this press release, the words “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “model,” “outlook,” “plan,” “positioned,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions (including the negative of such terms) are intended to identify forward‑looking statements, although not all forward‑looking statements contain such identifying words. Although Fervo believes that the expectations and assumptions reflected in its forward‑looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond Fervo’s control. Accordingly, forward‑looking statements are not guarantees of future performance, and Fervo’s actual outcomes could differ materially from what Fervo has expressed in its forward‑looking statements.

Factors that could cause the outcomes to differ materially include (but are not limited to) the following: risks related to expanding our geothermal operations and accessing new markets; challenges in maintaining compliance with extensive environmental regulations and permitting requirements; uncertainties in forecasting future operational results and growth due to economic conditions and market demand; compliance with environmental regulations and climate change initiatives impacting operational costs; inherent risks in the geothermal industry, including potential operational disruptions and associated liabilities; the influence of consumer preferences, government policies, and competition on the demand for geothermal energy; risks associated with fluctuations in energy prices and material costs; dependence on a complex supply chain and successful maintenance of our geothermal infrastructure; financial performance influenced by fluctuations in interest rates, capital availability, and other market conditions; capacity actually constructed or for which we enter power purchase agreements under non‑binding agreements, like the Geothermal Framework Agreement; exposure to legal proceedings and claims arising from our business operations; protecting our brand reputation and facing potential negative public perception; negative public perception and political opposition impacting our ability to secure regulatory approvals and market acceptance; the successful and timely execution of our growth strategy, with risks of delays or failures; reliance on key personnel and the potential impact of labor costs and workforce challenges; heavy reliance on technology systems and potential cybersecurity threats; global economic and political conditions affecting our operations, supply chain, and customer demand; the risk that our estimates of capacity potential and heat initially in place are inaccurate or that we are unable to produce quantities of electrical energy commensurate with such estimates; and other risks and uncertainties, including those set forth under “Risk Factors” in Fervo’s Registration Statement on Form S‑1/A, filed with the Securities and Exchange Commission on May 11, 2026.

In light of these factors, the events anticipated by Fervo’s forward‑looking statements may not occur at the time anticipated or at all. Moreover, Fervo operates in a very competitive and rapidly changing environment, and new risks emerge from time to time. Fervo cannot predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those anticipated by any forward‑looking statements it may make. Accordingly, you should not place undue reliance on any forward‑looking statements. All forward‑looking statements speak only as of the date of this press release or, if earlier, as of the date they were made. Fervo does not intend to, and disclaims any obligation to, update or revise any forward‑looking statements unless required by applicable law.

Source : Global Pr

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