Fervo Energy plans to expand geothermal power with new funding and Google deal

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  Fervo Energy plans to expand geothermal power using a $2.2 billion public offering and an expanded agreement with Google.

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  The company uses horizontal drilling and hydraulic fracturing to open pathways through underground rock.

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  Its approach aims to make geothermal energy practical in more places than the handful where it has traditionally been developed.

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  Fervo plans to build larger plants and lower costs as demand for power from AI grows.

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  The company’s approach has been demonstrated in Utah and Nevada, but its ability to work more widely remains a question.

Who

Fervo Energy, a geothermal power company.

What

It plans to expand geothermal power with a $2.2 billion public offering and an expanded agreement with Google.

When

Not stated.

Where

Fervo has developed its approach in Utah and Nevada and aims to expand it to more places.

Why

It aims to scale up enhanced geothermal energy, build larger plants and drive down costs, amid growing power demand from AI.

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