Fervo now has $12B in orders for its geothermal power tech
Open the sourceReported by TechCrunch, techcrunch.com, 9 November 2026, by Tim De Chant
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Fervo said it has amassed $12 billion in orders for its geothermal power technology as it drives down drilling costs at its 8.4 GW resource in Utah. The company is now targeting natural gas as its next market, positioning geothermal as a cost-competitive alternative to fossil fuel generation. The order book signals growing utility and industrial demand for firm, clean baseload power. Watch whether Fervo can translate its Utah cost reductions into commercial contracts that undercut gas-fired generation.
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Fervo, Utah