The company's Cape Station is a bellwether for whether advanced geothermal can deliver carbon-free power around the clock.

Such non-recourse financing “has historically been considered out of reach for first-of-a-kind projects,” Fervo’s chief ...

By Stephen Battersby for the Proceedings of the National Academy of Sciences. Broadcast version by Suzanne Potter for ...

Fervo Energy , the global pioneer of next-generation geothermal deployment, today announced the successful close of $421 million in non-recourse debt financing for the first phase of its flagship Cape ...

Geothermal energy group Fervo Energy, known as a pioneer of next-generation geothermal deployment, said it has successfully closed $421 million in non-recourse debt financing for the first phase of ...

This represents a 70% to 75% reduction from the seven-to-ten-year timeline frequently cited for conventional geothermal ...

Fervo landed a large new loan with terms that strongly suggest the company's most turbulent days are behind it.

Add Yahoo as a preferred source to see more of our stories on Google. The world's largest geothermal power station is under construction in Utah. Business Wire via AP As energy use rises and the ...

Amended PPA Reflects ~27% Increase in Contract Pricing Amended PPA Terms to Take Effect on October 1, 2026 RENO, Nev., March 10, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) (the ...

Fervo Energy has secured $421 million in non-recourse financing to fund remaining construction costs for the Cape Station ...

Mercury has officially opened Unit 5 of the Nga Tamariki geothermal power station in New Zealand, increasing total generation capacity to 132 MW.

Utah is one of only seven states that produce utility-scale geothermal electricity — and while its geothermal power output is currently small, experts say its potential is massive.