Fervo Energy

🌟 We’re thrilled to announce that FervoFlex™ has been named one of TIME's Best Inventions of 2024! Today, TIME released its annual list of the 200 most groundbreaking innovations, and we’re honored to see FervoFlex™ recognized among them. #Geothermal is playing a crucial role in the future of clean energy, and FervoFlex™ adds to the value that geothermal energy brings to the grid. FervoFlex™ proves that not only can geothermal energy offer clean, firm power, it can also operate in a highly dispatchable and efficient manner. Thank you, TIME, for this incredible recognition, and congratulations to all the other innovators featured this year! https://lnkd.in/gGtyXXPF #TIMEBestInventions

Big news out of the Bureau of Land Management this past week - we are so excited to have received approval for the development of the Cape Station project in Beaver County, #Utah. Fervo applauds the hard work of the BLM Cedar City field office and their robust review process for helping achieve this important step forward in the growth of clean, reliable #geothermal energy. While the first two phases of Cape Station total 400 MW, we now have a permit in place for a project that will produce up to 2 GW once it’s fully operational – that’s enough to power more than 2 million homes. 💡 Read more about this landmark decision here: https://lnkd.in/gviK3h3X

We know that Southwest #Utah has the potential to become a national clean energy hub, and this community has the power to shape the course of the growing #geothermal energy industry. That’s why we’re proud to announce a first-of-its-kind geothermal apprenticeship program, in partnership with Southern Utah University and Elemental Impact, focused on subsurface operations education and training that will help oil and gas workers to transition to renewable energy. By the end of 2024, the program aims to enroll at least 40 apprentices, creating career pathways for residents of southern Utah to join the growing geothermal energy industry and advance the #cleanenergy transition. More about this new program here: https://lnkd.in/gK6QFecT

🌄 Honored to Receive the Natural Resources Horizon Award 🌄 Fervo is truly honored to receive the Natural Resources Horizon Award, presented today at the One Utah Summit. We are proud to operate in the state of Utah and collaborate with state leadership, including Governor Spencer Cox and Joel Ferry, Executive Director of the Utah Department of Natural Resources. The Natural Resources Horizon Award acknowledges those who take proactive steps to help solve complex natural resource challenges for the betterment of Utah. This award reflects our dedication to forward-thinking innovation and tackling the toughest challenges in energy while being considerate of local environmental impacts. Geothermal energy is playing a key role in meeting increased energy demands and we look forward to continued collaboration with the state of Utah on this critical resource. #NaturalResources #GeothermalEnergy #EnergyInnovation #OneUtahSummit

We are ecstatic to announce that CEO and Co-Founder Tim Latimer has been included in the 2024 TIME 100 Next list of the most influential people in the world. The TIME100 Next highlights 100 emerging leaders who are shaping the future and defining the next generation of leadership. We are honored to celebrate this achievement as we expand the possibilities of #geothermal power and usher in a #cleanenergy future.   Read more here: time.com/next.    #TIME100NEXT

We’re officially a team of 100! 💯   Today, Fervo welcomed Isabelle Reese, CPA as Senior Associate, Corporate Finance and reached 100 active employees!    In the past year, Fervo has experienced rapid growth, hiring 39 team members to date and welcoming two summer interns as full-time staff. We are committed to defining the #cleanenergy future by establishing a world-leading multidisciplinary team of experts and building things that last. Ready to be employee number 101? View and apply to open positions at https://lnkd.in/gy5Y8kuE

Yesterday the U.S. House of Representatives passed -- on a bipartisan basis -- three bills that will support the growth of the geothermal industry, including H.R. 6474, which extends a permitting Categorical Exclusion currently available for oil and gas to geothermal energy. These improvements are critical to the success of #EGS and we thank Representatives Michelle Steel (R-CA), Susie Lee (D-NV), John Curtis (R-UT), and Alexandria Ocasio-Cortez (D-NY) for their support.

#FervoFeature: Meet Stephanie Sullivan Barrett As Procurement Supervisor, Stephanie Barrett manages procurement processes and procedures for Fervo’s supply chain team, ensuring alignment and implementing any necessary improvements. Her purview includes vendor master data management, vendor onboarding, contract management, purchase order management and pricebook implementation.    Interested in learning more about Stephanie’s professional experiences? In her Spotlight, Stephanie shares more about how she learned about Fervo, among other topics.    Read Stephanie’s full #EmployeeSpotlight: https://lnkd.in/gnGfikgp   #cleanenergyworkforce #cleanenergyfuture #cleanenergyjobs #geothermalenergy 

We take pride in being a part of the #Houston community and making a lasting positive impact. 🌳   After Fervo Tech Day last week members of our team volunteered for the Houston Parks Board, planting 125 plants and trees at Brays Greenway Park. We had a fantastic time improving our city’s greenspaces to help keep Houston beautiful, accessible, safe, and sustainable.    We’re excited to build things that last everywhere, including our hometown.

#ICYMI >>  Last week, at our second annual Fervo Tech Day, we unveiled major advancements across our operations. In doing so, we’re showing the world that the geothermal industry is ready to scale today and meet the urgent need for 24/7 clean energy. Highlights include: 🔹 Record-breaking flow test at Cape Station: Our 30-day flow test from our 400 MW Cape Station project showed we can produce 10 MWe from a single well—putting us on track to meet U.S. Department of Energy (DOE)’s 2030 geothermal goals years ahead of schedule. 🔹 Key operational data from Project Red: After 10+ months of production at our commercial pilot, we’re proud to report zero thermal decline at Project Red, key in reducing risks for enhanced geothermal financing. 🔹 $100M project-level loan: We secured our first-ever construction loan from X-Caliber Rural Capital, accelerating Project Cape’s deployment timeline and bringing down the cost to deploy projects.   Thank you to the policy leaders, utilities, suppliers, financial partners, and everyone who joined us at the Ion Houston last week. Together we are making #EGS viable decades ahead of schedule, and in doing so suppling with the world with 24/7, carbon free power. Watch the full program here: https://lnkd.in/g7RkY2Qi