Topic
Applying oil-and-gas drilling and fracking techniques to build geothermal plants outside naturally favorable reservoirs.
Mazama Energy has $135 million to push a well at Oregon's Newberry site toward rock at 750F. The technology's first outside test is a generation demonstration at 15 megawatts per well, and the company is still seeking certification of the 10 gigawatt claim on the site.
Reality
Fervo's Cape Station geocluster in Beaver County, Utah is meant to begin operating in 2028, and Google holds an option to raise its offtake toward a gigawatt by June 2030. No price has been published.
Reality
Ormat's up-to-150MW deal with Google is more than ten times its first data centre contract, and the emerging-technology premium rides on the buyer's bill. Delivery starts in 2028.
Reality
The geothermal operator has 163 MW of signed data-center PPAs and a 2028 build target needing about five times that. Its enhanced-geothermal pilots will not report costs until the contracts are running.
Reality
The world's largest geothermal operator wants to sell AI data centers power anywhere. Its two pilots sit at plants it already owns, and revenue is growing ten times faster than profit.
Reality