Next-generation geothermal developers post updates on drilling progress
Fervo’s third-generation well design at Cape Station in Utah has increased drilling rates by 143% compared to the first Cape well.
The latest well, Sawtooth 7, reached a measured depth of 19,448 feet, marking significant progress in geothermal energy development.
This advancement could potentially undercut nuclear energy costs, as geothermal developers make strides in drilling and capital formation.
The development is notable as the Trump administration continues to push for domestic energy growth through funding and executive orders.