#geothermal

A new CEBA report argues that tariffs and bilateral utility arrangements can help commercialize advanced geothermal, small modular nuclear, and other clean firm technologies.

Arizona, Colorado, New Mexico, and Utah have formed a new consortium aimed at accelerating geothermal development, betting that oil-and-gas drilling techniques can unlock a much larger US resource base.

Researchers are exploring whether common rocks underground can be used to generate hydrogen while locking away carbon dioxide, potentially combining fuel production, carbon storage, and even geothermal energy.

US states are exploring whether inactive and orphaned oil and gas wells can be repurposed for geothermal energy, potentially turning long-term liabilities into clean power assets.

Enhanced geothermal startup Fervo Energy surged in its market debut after an upsized IPO, with investor interest tied closely to rising electricity demand from AI data centers.

California Community Power and XGS Energy have signed an agreement centered on a 115 megawatt geothermal development, highlighting renewed interest in firm renewable power that can support grid reliability without water-

Fervo Energy has closed a $421 million debt financing package from Barclays and HSBC for its Cape Station project in Utah, marking a major milestone as enhanced geothermal crosses into mainstream energy infrastructure financing.

Geothermal energy is experiencing a breakout moment, with a string of legislative victories, new drilling technologies borrowed from the oil and gas industry, and a growing roster of tech companies signing power purchase agreements. The long-overlooked renewable is finally getting its due.