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importantSYS.SOURCE: TechCrunch• 2026-11-09T20:55:34Z

Fervo Energy Secures $12 Billion in Geothermal Power Contracts

Fervo Energy has secured $12 billion in contracted revenue for its geothermal power projects, including a 396 MW plant for Google scheduled for 2028. The company's GeoBlock technology enables scalable geothermal power generation, with costs declining to $5,500 per kilowatt, positioning it as a competitive renewable energy solution.

Geothermal company Fervo is targeting natural gas as it brings down geothermal drilling costs at its 8.4 GW resource in Utah.

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