Fervo Energy: Commercial grid integration of Cape Station demonstrates scalability of EGS technology

The business model addresses the massively growing baseload energy demand of the digital economy. With the successful power feed-in in Utah, the commercial viability of the drilling technology has been proven. Secured large contracts and government subsidies significantly reduce future project risks. Structural tailwind from energy demand of the digital economy Fervo Energy (FRVO) is developing so-called Enhanced Geothermal Systems (EGS). By adapting horizontal drilling techniques from the oil industry, the company accesses deep geothermal...