Emergingby GlyphFervo Cape Station reaches first power
First utility-scale enhanced geothermal plant to sync to the grid; Phase I is about 100 MW.
fervoenergy.com
Events in frontier tech
19 events
Sep 2026
Fervo wins two DOE awards worth about $20 million
Grants for new enhanced geothermal developments in Idaho and Nevada.
fervoenergy.com
Quaise selected for up to $25 million from DOE
Support for the first commercial superhot geothermal power plant.
quaise.com
DOE awards $99 million to 21 geothermal projects
Funds field tests of next-generation geothermal and exploration drilling.
energy.gov
Mazama raises $135 million Series B
Led by Centaurus Capital and Doerr Capital, with ConocoPhillips and Shell Ventures.
globenewswire.com
Mazama drills Athena well to 10,350 feet in 15 days
It reached the 2025 well depth in 80% fewer days, aiming for over 750 F.
globenewswire.com
Fervo and Google sign 396 MW power purchase agreement
Largest enhanced geothermal PPA to date, from the Cape Station GeoCluster.
fervoenergy.com
Aug 2026
Quaise closes $180 million Series B with Nabors
Nabors invested $35 million and signed a framework to build a superhot plant.
quaise.com
Sage's 3 MW pilot plant produces grid power in Texas
The plant near San Antonio has run grid-connected for over 120 days.
canarymedia.com
Jul 2026
Fervo drills Sawtooth 7 in a record 21 days
Reached 19,448 feet measured depth with a 7,500-foot lateral at Cape Station.
fervoenergy.com
May 2026
Eavor reports first Geretsried loop is producing heat
Loop 1 delivers about 8.5 MWth from wells over 8 km deep, matching predictions.
eavor.com
Fervo prices upsized IPO on Nasdaq
70 million shares at $27 each.
fervoenergy.com
Apr 2026
XGS and California Community Power sign 115 MW deal
Exploration, offtake and development agreement for geothermal in California.
xgsenergy.com
Fervo and Turboden sign 1.7 GW turbine framework
Secures ORC turbines for up to 35 of Fervo's 50 MW GeoBlocks.
fervoenergy.com
Mar 2026
Fervo closes $421 million project financing for Cape Station
Non-recourse debt from banks including Barclays, BBVA, HSBC, MUFG, RBC and Societe Generale.
fervoenergy.com
Feb 2026
Fervo drills its hottest well at Project Blanford, Utah
Appraisal drilling confirmed a resource above 555 F at a new greenfield site.
fervoenergy.com
Oct 2025
Mazama builds hottest enhanced geothermal system at 629 F
Pilot at Newberry, Oregon reached 331 C with a 10,200-foot producer well.
globenewswire.com
Sep 2025
XGS runs water-independent geothermal system for 3,000 hours
Operation at commercial scale for over 3,000 hours.
xgsenergy.com
Jun 2025
XGS Energy and Meta partner on 150 MW of geothermal
Agreement to develop next-generation geothermal power in New Mexico.
xgsenergy.com