I propose a “Rendering Index” for new technologies. Ratio of press releases accompanied by renderings vs. actual photos of projects. To be used as an estimation of commercial readiness for a new technology sector.

I guess it inevitably comes with more attention being focused on geothermal, but I’m starting to see a lot more “startups” in the space that are just outright frauds. Some have even already gotten significant funding. Caveat emptor.

Usually layoffs happen at corporates during downturns. This market cycle feels very different. Is there historical precedent for what we are seeing now at many companies, which is layoffs happening concurrently to quarter after quarter of record profits?

It’s very clear the future is EVs. Astonishing how fast they have taken over in these markets.

Wolfgang Blau@wblau.bsky.social · last yr.

Staggering figures. Source: www.nytimes.com/2025/07/28/b... “Nepal, The Country Where 76% of Cars Sold Are Electric”

A lot of folks still have 2000-2010s era power prices in their heads as “normal” with an expectation that we will return to “normal” at some point. There are many reasons that isn’t true, but this is probably the biggest among them. We are in a new era of power prices.

This has been very different from the Fervo experience, where we are flooded with hundreds of applicants for every technical role we post now. I don’t think staff shortages are going to be a limiter for geothermal growth. www.wsj.com/articles/geo...

Geothermal Energy Is Heating Up. It’s Going to Need More Geologists.

The only renewable-energy source buoyed by the Trump administration is in short supply of scientific experts as the industry expands.

wsj.com

I have found to to be an almost invariable rule that, after seeing a viral post about a business leader that insists on some weird quirk for their company meetings, if you ask someone that works at that company, they basically just have normal meetings like any other corporation.

Hardtech startups are generally way too concerned about someone “stealing their idea”, to their detriment. The Edison quote that it is 1% inspiration and 99% perspiration is very applicable. Ideas are easy, execution is hard.

Hello, regular reminder that if you are using stale drilling costs for geothermal analysis, anything from more than 12 months ago, your analysis is wildly out of date and you are going to have a major miss in forecasting.

There is a fear that LLMs will stop their pace of improvement because they’ll run out of training data. Based on their answers on utilities questions, there is actually a long way of to go. Although the prospect of LLMs trained on utility filings is concerning for other reasons. 😆

It was a great week this week at Fervo.

Enhanced geothermal could power 1 in 5 US homes by 2050 A new study shows that early investment in geothermal tech (using underground heat for electricity) could cut energy costs and help decarbonise the grid nationwide. www.sciencedirect.com/science/arti...

Pathways to national-scale adoption of enhanced geothermal power through experience-driven cost reductions

Enhanced geothermal systems (EGS) are one of a small number of emerging energy technologies with the potential to deliver firm carbon-free electricity…

sciencedirect.com

Seems like something happened in April that really shifted the prospects of the US oil and gas industry. 🤔

George Pearkes@peark.es · last yr.

US oil rig counts (proxy for drilling activity) down 13% YTD.

As a general rule, someone throwing around the acronym “EROI” is a good signal they have no idea how energy markets work.

We are at a time in the market cycle in climatetech where consolidation will be increasingly common. One of the hangups will be a relative lack of experience in M&A among management teams and even investors in these transactions.

One of the coolest things about what Fervo is doing right now is the quantity of deep drilling into geologies that haven’t been explored nearly as much as the classic sedimentary formations of O&G. It’s fun to get huge insights into fundamental geologic processes as a byproduct of our work.

It’s wild that just a few years ago there were zero $1 trillion companies and now there are several in the $2, $3 and even now $4 trillion range.

“Fervo’s at it again — pushing the limits of enhanced geothermal and what’s possible in clean, firm power.” Great write up from Sightline on our latest technical advancements. www.ctvc.co/fervo-goes-h...

🌎 Fervo goes hotter, deeper, faster, cheaper #250

Groundbreaking results from the geothermal developer’s main project

ctvc.co

Fervo announces new progress on geothermal drilling: deeper, faster, hotter www.linkedin.com/posts/timlat... 🔌💡

Fervo Energy Drills 15,000-FT, 500°F Geothermal Well, Pushing the Envelope… | Tim Latimer | 21 comments

Excited to announce Fervo Energy's latest field results, where we have set a new standard for deep geothermal well drilling with the Sugarloaf Appraisal well: 15,000+ feet, 500°F. All in just 16 d...

linkedin.com

"After a day touring Fervo Energy’s geothermal site, @billgates.bsky.social reached a conclusion: “It’s pretty mind-blowing.” www.wsj.com/business/ene...

Possibly the coolest job opportunity yet? I'm horribly biased but I think it holds up. Fervo Energy is hiring for a mid-career level Policy Manager to help lead strategic engagement on government affairs and policy campaigns at the federal and state level: fervoenergy.com/career/gover...

Government Affairs & Policy Manager

The Government Affairs & Policy Manager will lead key initiatives on Fervo’s government affairs and policy team, advocating on behalf of the company and expanding commercial opportunities across legis...

fervoenergy.com

Check out this overview video of Fervo’s Cape Station Project in Utah. I had the honor of hosting Bill Gates and Senator John Curtis at our site last week. youtu.be/uBmCSdiMeFk?...

The heat is on with geothermal energy

YouTube video by Bill Gates

youtu.be

Great interview with one of Fervo’s earliest execs on how we have methodically built the capital stock to unlock first of a kind project development.

Latitude Media@latitudemedia.bsky.social · last yr.

Fervo's VP of strategy Sarah Jewett walks through how the company used a variety of capital to build its record breaking geothermal facilities: www.latitudemedia.com/news/what-fe...

Super exciting report from the U.S. Geological Survey yesterday on the potential for enhanced geothermal systems (EGS) in the Great Basin. 135 GW of EGS potential is beneath our feet there, which could roughly meet 10% of U.S. power production capacity. pubs.usgs.gov/publication/...

The latest USGS geothermal is a great example of something people outside the resource industry often miss—how much of something there is is a function of how good the tech is. For just the Great Basin in the US: Base scenario: 135 GW Improved tech: 1400 GW pubs.usgs.gov/fs/2025/3027...

Things are moving fast—if you are reading a commentary on geothermal that was published before this year, good chance it’s already out of date. Thankfully there is a lot of up to date work, Ben has all the links below.

Ben Serrurier@serrurier.bsky.social · last yr.

The policy analysis being done on advancing next-generation geothermal is really top notch. Huge appreciation to the smart people thinking hard about how to move the needle on EGS. The tech innovation is moving fast here and we need policy to keep up if we're going to meet the moment for clean firm:

“What we’re doing here is proving that a new kind of geothermal works, and this is basically ground zero for what technology we think is going to transform the energy sector here in the United States and then around the world.” - @timlatimer.bsky.social www.deseret.com/environment/...

The geothermal gamble: Fervo’s bold bid to disrupt clean energy

Once overlooked in the U.S. clean energy mix, geothermal is getting a high-tech overhaul in the Utah desert — and Fervo Energy is betting it can scale where others couldn’t.

deseret.com

This is my philosophy of project development in a nutshell. www.deseret.com/environment/...

Some of the most recent “market analysis” on geothermal has been of terrible quality. Fervo publishes extensively, at great risk to our business BTW as it gives competitors insight into our tech. And a lot of “analysis” seems incapable of even basic Google searches to find it.

A remarkable quarterly letter from Diamondback, a leading independent oil producer, commenting on the current environment. “As a result of these activity cuts, it is likely that U.S. onshore oil production has peaked and will begin to decline this quarter.” www.diamondbackenergy.com/news-release...