The successful use of fracking techniques at a project in Nevada expands the potential for geothermal across the West, according to Tim Latimer, Fervo CEO.
…In a move that could open a path for widespread 24/7 clean energy, startup Fervo Energy built and tested a pilot enhanced geothermal system, or EGS, that it expects will supply Google with about 4 MW by the end of the year.
…The project’s results are a “historic breakthrough” for geothermal power, but Fervo still has much work ahead, according to Mark McClure, CEO of ResFrac, a firm that develops hydraulic fracturing simulation software. “Even as they continue to achieve technical success, they will need to demonstrate the commercial model — that they can secure funding, execute, and drive down costs to achieve long-term profitability,” he said Wednesday in a review of the project’s results.