Project Red

“So that well test where we were watching steam first come from the silencer was in early Q two of 2023. And by late Q-two of twenty-twenty-three, we were drilling at our first Greenfield site.”

“At that point in time, actually, when we were looking at building Project Red, we thought that this repower agreement or this power uplift agreement would be something that was actually cookie cutter for us that we started doing a bunch of. We went to all the …”

“So we actually raised, post-desktop studies, we raised capital for a very small-scale demonstration. We went into an existing, highly deviated well in the same field where we ended up Building Project Red, and we did a four-stage hydraulic fracture in differen…”

“And so we ended up, you know, landing Google for that contract, and Google said, we are also not going to put anything at risk, but in the event that you end up producing electrons from this system, we will pay you for those electrons.”

“So we ended up building roughly a three megawatt system, a pair of wells. We actually ended up building three wells. One was a vertical monitoring well that had a bunch of To poison it to sort of monitor the entire system so we could learn from it. And then we…”

“The flow test that Sarah spoke about at the top of the show proves that Fervo's techniques could produce steam, capable of generating electricity.”

“In May of 23, Fervo Energy's Project Red in northern Nevada officially became the most productive enhanced geothermal system in history up until that point.”