Wind and solar facilities are generating record amounts of zero-carbon electricity, but the world still needs flexible, dispatchable sources of baseload power for times when the sun is down or the wind isn’t blowing. Fervo Energy is putting horizontal drilling and other proven technologies from modern oil and gas development together with advanced fiber optic sensing to identify and exploit the best locations for heat mining. Fervo also manages fluid injection into low-permeability rock in a way that allows power generation to be ramped up or down as needed, effectively turning geothermal reservoirs into giant underground batteries.
First Investment: 2022
Fervo Energy Twelve Brimstone
CH4 Global Fervo Energy Kairos Aerospace Oklo ZwitterCo