@cj_enlighten I think you’ve taken the wrong concluding from your analysis.
It is pretty remarkable that your numbers show building the US nuclear fleet equivalent amount of electricity every two years while staying well within the historic range of active rigs.
@cj_enlighten Also hitting 60,000 MW/year would mean building the equivalent of the entire US nuclear fleet in less than 2 years. That’s incredible scale for something that would use less than a quarter of the spare rig capacity in the US.
DOE/IEA modeling shows the pace of new geothermal installs needing to jump from ~300 MW a year today to 30,000-60,000 MW a year at the 2030-2050 buildout's peak.
Run that through Fervo's own per-rig productivity.
Okay thank you, @JaneAFlegal. Let's talk BAAJA & geothermal. If you want clean, affordable, baseload power and you want it fast, enhanced geothermal is your technology. If you want to unlock the Geothermal Decade even faster, BAAJA is your bill. 🧵
To a degree people are not yet appreciating, the geothermal provisions in BAAJA may be among the highest impact for accelerating global decarbonization.
🔌 @fervoenergy's Cape Station reaches commercial operation AHEAD of schedule!
The team executed on the first greenfield EGS project in the world to hit commercial operation--ahead of schedule.
As usual, I am so so proud of them
#geothermal#Innovation#energy#technology
Cape Station has reached commercial operations ahead of schedule, a first for greenfield enhanced geothermal.
24/7, carbon-free, firm power: https://t.co/1teLhsn2yb
Huge kudos to the 4 senators and the White House for completing negotiations on energy permitting reform.
The bill has been so difficult because the 4 senators came with very different priorities and constituencies.
Capito (R-WV): pipelines and permitting certainty
Whitehouse (D-RI): reducing emissions
Lee (R-UT): removing regulatory barriers and protecting states' rights
Heinrich (D-NM): protecting lands; transmission and renewables
They came to the table because the current system fails on all four sets of priorities. But permitting reform is not zero sum. This deal advances all of them. It's good for America and the American people.
This week, Fervo Energy generated First Power at Cape Station, our flagship geothermal development near Beaver County, Utah, representing a landmark moment for the future of enhanced geothermal systems.
Read more: https://t.co/PlEhHGhYN1
@JosephMajkut@ShanuMathew93 You could do this a lot more cost effectively and lower risk with geothermal.
Government funding for nuclear is already so vast event universities with massive endowments would be a drop in the bucket. Not much real impact.
But geothermal…
This week we hosted @CNBC at Project Cape, our flagship enhanced geothermal project in Utah with 500 MW under construction. We talked about our new PPA with Google, major geothermal tech breakthroughs, our rapid cost reduction trajectory and more. https://t.co/4mXVTAQvV1
Today, @ENERGY launched the Geothermal Center of Excellence in Golden, CO to help unlock more affordable, reliable American energy.
By bringing our labs, researchers, and industry together, we’re working to turn the heat beneath our feet into around-the-clock American power.