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Fervo: Cape Station ‘‘proves’’ enhanced geothermal can scale; company cites big cost and time gains
Summary
Fervo Energy’s CEO told the subcommittee that Cape Station will begin delivering 100 MW next year, is permitted for 2 GW of growth, and that the company has cut drilling time by about 75% and drilling cost per foot by about 70% since 2022.
TIM LATIMER, cofounder and CEO of Fervo Energy, told the House Natural Resources subcommittee that his company’s Cape Station project in Utah demonstrates that enhanced geothermal systems can move from pilot to utility scale.
"Beginning just next year, it will deliver a 100 megawatts of around the clock power to the grid with plans to scale to 500 megawatts," Latimer said. He added that Cape Station is already permitted for up to 2 gigawatts of growth.
Latimer…
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