Skip to main content

Posts

Showing posts with the label Tim Latimer

Fervo Energy and South California Edison Inks A 320 MW PPA Agreement

Fervo Energy Secures Landmark 320 MW Power Purchase Agreements with Southern California Edison By: Robert Buluma In a move that underscores the growing demand for sustainable energy solutions, Fervo Energy, a pioneer in next-generation geothermal technology, has announced two monumental power purchase agreements (PPAs) with Southern California Edison (SCE). Totalling 320 MW, these agreements represent the world's largest geothermal PPAs to date, cementing geothermal energy's critical role in the transition to a cleaner energy future. A Milestone in Clean Energy Set against the backdrop of California's ambitious clean energy goals, the 15-year agreements will see SCE purchasing 24/7 carbon-free geothermal energy from Fervo's Cape Station project in southwest Utah. This power will serve approximately 350,000 homes across Southern California, bolstering the state's grid reliability with a steady supply of renewable energy. David Hochschild, Chair of the California Ener

Fervo Energy To Partner With Turboden In 400 MW Utah Geothermal Project

Unleashing the Power of Earth:  Turboden and  Fervo Energy Partner to Revolutionize Geothermal Energy By: Robert Buluma In the heart of the rugged landscapes of southwest Utah, a groundbreaking collaboration is underway to harness the Earth's natural heat and propel the world towards a greener, more sustainable future. Turboden , a trailblazer in Organic Rankine Cycle (ORC) systems, has joined forces with Fervo Energy , a pioneer in enhanced geothermal systems (EGS), to embark on an ambitious journey towards redefining geothermal energy production. The Cape Station project stands as a testament to this alliance, marking Fervo Energy largest commercial endeavor in the geothermal energy sector to date. Positioned to become a beacon of innovation, Cape Station aims to revolutionize the way we harness energy from beneath the Earth's surface, with an anticipated total project capacity of approximately 400 MW. This endeavor not only symbolizes a transformative leap towards carbon-f

Fervo Energy Secures $224 Million to Revolutionize Geothermal Energy

Fervo Energy Secures $244 Million to Revolutionize Geothermal Energy Houston, TX (February 29, 2024) By : Robert Buluma Fervo Energy, the trailblazer in next-generation geothermal development, has recently announced a significant milestone in its journey – securing a whopping $244 million in new funding. Spearheaded by Devon Energy, a prominent figure in the realm of shale oil and gas, this investment marks a pivotal moment for Fervo Energy and the future of sustainable energy production. The infusion of capital will empower Fervo Energy to accelerate the deployment of its cutting-edge technology, which draws upon proven methodologies from the oil and gas sector, to establish commercially viable 24/7 carbon-free energy solutions. With sustainability at the forefront of global concerns, Fervo's innovative approach comes at a crucial time, offering a promising alternative to traditional energy sources. Joining Devon Energy in this groundbreaking funding round are several esteemed par