As the world faces a growing demand for stable, clean energy – especially for energy-hungry data centers – American startup Fervo Energy is coming up with an ambitious project that could change the rules of the game. The company announced that it has raised $206 million to build a massive geothermal power plant in Utah. When completed, it is expected to be the largest power plant using so-called enhanced geothermal technology in the world.
The first phase of the project, called Cape Station, is expected to start delivering power next year, with a capacity of 100 megawatts. An expansion of another 400 megawatts is planned for 2028 – enough to power hundreds of thousands of homes or run large data centers.
