2024 Geothermal Update
12th October 2024
Most developments over the last year have come from one company, Fervo, the enhanced geothermal startup. There have been improvements and derisking in reservoir creation and drilling. The latest project in Utah, Cape Station, could grow to produce hundreds of megawatts of electricity. The company is reducing costs and solving most issues, though questions about fluid loss remain.
Last year, I wrote about closed loop systems and Eavor several times due to the start of their Germany project and signing several sales contracts. The company has been quiet about progress, so no updates there.