Fervo, Sage Geosystems tap energy giants to scale next-gen geothermal

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Fervo Energy and Sage Geosystems, two innovative startups in the geothermal energy sector, have recently partnered with established industrial giants to expedite their projects. Fervo has teamed up with Baker Hughes to provide essential equipment for its Cape Station geothermal plant in Utah, aiming for a 2028 completion. This collaboration will enhance the plant's capacity to 500 megawatts, utilizing Fervo's advanced fracking-based geothermal technology. Meanwhile, Sage has partnered with Ormat Technologies to deploy its next-generation geothermal technology at existing sites, potentially bringing its first commercial power project online by late 2026 or early 2027.

Both companies are leveraging technological advancements to tap into geothermal energy, which currently accounts for only 0.4% of U.S. electricity generation. Their partnerships not only allow for faster scaling but also provide access to existing infrastructure and resources. As the demand for clean energy rises, these collaborations signify a pivotal shift in the geothermal industry, with both startups poised to contribute significantly to the renewable energy landscape while benefiting from bipartisan support and favorable policies.