Only one company is delivering a 100MW firm clean project in 2026
Sarah Jewett · Building Fervo's geothermal giant · May 21, 2025 · at 38:29
Sarah Jewett is the VP of Strategy at Fervo Energy. She is contrasting geothermal's near-term delivery timelines for data center power with those of advanced nuclear and natural gas.
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“There is one company that's building a hundred megawatt firm clean energy project that's going to be delivered in twenty-twenty-six, and that's a geothermal company.”
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More from Sarah Jewett
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“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…”
Founders must start their next project before the previous one finishes
“I think the next project is always being built before you see a reasonable set of definitive outcomes from the previous project if you know, are really on the entrepreneurial journey.”
Jewett: Nuclear industry gained immense marketing momentum despite being historically slow
“The nuclear energy industry has also been slow and sleepy for a long time, but has somehow gained an immense amount of marketing momentum or something over the last few years.”
Jewett: Fervo funded first demonstration with corporate equity
“So this was, we ended up raising
Corporate equity to fund this first demonstration.”
Jewett: Fervo will deliver 100MW by 2026 and 400MW by 2028
“The first hundred megawatts will be delivered by twenty-twenty-six, and the remaining 400 megawatts will be delivered by twenty-twenty-eight.”
Jewett: Geothermal projects cannot be bank-financed solely on early commercial agreements
“When you look at the wind and solar industry, those industries are fairly de-risked, And so oftentimes you can, you know, sign a commercial agreement very early on and go finance against that commercial agreement because there's a lot of certainty around the e…”