geothermal

“It's a completely sustainable campus. It has, you know, lots of solar, has geothermal, they grow their own food, they raise their own fish. It's almost entirely its own little ecosystem.”

“When you don't have that, so what California is facing right now, and they're saying, all right, we're going to get 2000 megawatts of clean, firm baseload, really the only two resources that will fit that are geothermal and biomass, because hydropower in Calif…”

“Building de novo facilities to power either clusters or giga sites for massive data centers, I think is going to be much, much harder, and they're going to try with small modular reactors, that's a ten-year kind of process, but doing it with geothermal, I thin…”

“Today, when we do, when we drill wells looking for geothermal, we'll drill 10 wells and get one hot spot. And that's not cost effective. Those wells are very expensive. With Zanskar, they have been proven that they can drill 10 wells and get 90% hit rates, and…”

“And now, with all of the additional incentives, you can build a new nuclear reactor, as long as, you know, get some of the bonus credits, like energy communities, etc., at a hundred dollars a megawatt hour. Guess what else is a hundred dollars a megawatt hour?…”

“Fervo is bringing two major innovations from the oil and gas industry to geothermal. Horizontal drilling and hydraulic fracturing.”

“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.”

“The oil and gas industry is primed. The infrastructure is there. It's already primed to scale geothermal once the industry, again, is ready to scale. We don't have to wait on new skill sets being built”