Fervo Energy
also referred to as: fervo
28 statements across 4 episodes · 18 bullish · 0 bearish · 4 people on the record · first statement Nov 29, 2023 by Stephen Lacey · said 45 times in 6 episodes since 2023 · across every show →
Mentions by year
brought up most by Lara Pierpoint (23), Sarah Jewett (11), Stephen Lacey (5), Maria Gallucci (4), Jigar Shah (2)
tap a year for its mentions
2026 2 mentions in 1 episode
2025 32 mentions in 1 episode
2024 5 mentions in 1 episode
2023 6 mentions in 3 episodes 2 per episode
Everything said about Fervo Energy, oldest first
Nov 29, 2023 positive
Lacey: Fervo and Google brought two Nevada geothermal wells operational
“Fervo and Google just announced this week that, that two of the wells that they financed in Nevada are operational, and they're using horizontal drilling techniques to You know, borrowed from the oil and gas industry to drill cheaper geothermal wells, and so, …”
Dec 22, 2023 positive
Gallucci: Fervo and Google launched an advanced geothermal plant in Nevada
“And late last month Fervo and Google successfully started operating a first-of-its-kind power plant in Nevada using these advanced geothermal techniques. And it's now delivering electricity to the grid in Nevada, which is where Google operates some of its mass…”
Jul 16, 2024 positive
May 21, 2025 neutral
May 21, 2025 positive
Jewett: Utah FORGE data de-risked Fervo's acreage and reduced wildcat drilling
“The work that the Forge was doing was rapidly basically de-risking our acreage there because we were able to understand more and more and more about the subsurface. And so, it actually became very clear to us that our Southwest Utah resource was less risky and…”
May 21, 2025 positive
May 21, 2025 positive
Jewett: Google agreed to buy Fervo power with zero upfront risk
“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.”
May 21, 2025 positive
May 21, 2025 bullish
Jewett: Fervo proved hydraulic fracturing and lateral drilling work in granite
“There was a lot of skepticism. You can't hit those drilling rates in granite. If you can't hit that build rate to a lateral well in granite, you can't do a plug and perf operation, you know, hydraulic fracturing operation in granite in the same way that you ca…”
May 21, 2025
May 21, 2025 positive
May 21, 2025 bullish
Jewett: Schlumberger, Halliburton, Baker Hughes service Fervo's Cape Station
“All the big name service companies that service the oil and gas industry are servicing us today. So Schlumberger, Halliburton, Baker Hughes, all the big dogs have set foot on Cape Station, and so we are actually providing all of them with a great deal of certa…”
May 21, 2025 bullish
May 21, 2025
Jewett: Fervo originally planned to repower declining US geothermal facilities
“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 …”
May 21, 2025 positive
May 21, 2025 positive
Jewett: California's 2021 reliability ruling mandated 1 GW of firm clean power
“In June of twenty-twenty-one, the California Public Utilities Commission launched the midterm reliability ruling, which I think is one of the biggest pieces of policy that has impacted our business to date, and it required all California load-serving entities …”
May 21, 2025
Jewett: Fervo executed four-stage hydraulic fracture before Project Red
“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…”
May 21, 2025
Jewett: Fervo had a 15-project pipeline by mid-2020
“When I joined Firvo in the middle of twenty-twenty, the team already had a pipeline of 15 projects, which is just crazy to think about now, that we had already identified a number of different future projects and started to amass leased acreage positions in va…”
May 21, 2025 positive
May 21, 2025 neutral
Jewett: Fervo initially planned to outsource power facility construction to EPCs
“We originally believed that we would contract it out. We believed we were a subsurface innovation company, and we would get to Greenfield Developments. We would build out the subsurface, and then we would basically use a full wrap EPC on the top side.”
May 21, 2025 bullish
May 21, 2025
May 21, 2025
Jewett: Fervo built a 3 MW, three-well system for Project Red
“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…”
May 21, 2025 positive
May 21, 2025
Jewett: Geothermal development requires subsurface data unlike wind and solar
“Geothermal, unlike wind and solar, where you can measure it by observing surface conditions, you have to know about the subsurface resource in order to have high confidence that you can go build a geothermal facility in a place.”
May 21, 2025 positive
Jewett: Fervo has drilled 21 of 24 wells for Cape Station Phase 1
“We have actually built, we've drilled, I think, 21 of 24 wells for our first phase, and so we're almost completely finished with our drilling phase, and we have cleared the pads for all three power facilities and built foundations, and on one of the power faci…”
May 21, 2025