Fervo Energy hits milestone using oil drilling tech to tap geothermal
Geothermal startup Fervo Energy announced a key technical milestone on Tuesday, paving the way for geothermal energy to play a bigger role in the transition to clean energy.
Fervo drills deep wells and pumps water into them. The water grows hot from the heat of the earth, then Fervo pumps it back to the surface, where a turbine converts that heat to electricity.
Fervo successfully completed a 30-day test, considered an industry standard for geothermal, at its commercial pilot plant in northern Nevada, the company said in a statement. In the test, Fervo drilled down drilled down to 7,700 feet and then turned to drill another 3,250 feet horizontally, and internal temperatures reached roughly 375 degrees Fahrenheit.
The test at its pilot plant achieved conditions that would generate 3.5 megawatts of electricity production, the company said. A single megawatt is roughly enough electricity to meet the demand of 750 homes at once.
Fervo has just started construction on a 400-megawatt project that it expects to be online by 2028, which would power approximately 300,000 homes.
"Fervo's successful commercial pilot takes next-generation geothermal technology from the realm of models into the real world and starts us on a path to unlock geothermal's full potential," Jesse Jenkins, macro-scale energy systems engineer and professor at Princeton, said in a written statement.
Currently, most geothermal energy resources are located near tectonic plate boundaries where magma gets close to the earth's surface, heating up water trapped in the earth's surface nearby. In the United States, geothermal energy supplies only 0.4% of electricity right now.
Instead of relying on naturally occurring conditions, Fervo is using drilling technology developed by the oil and gas industry with hydraulic fracturing to create reservoirs in rocks deep underground.
"By applying drilling technology from the oil and gas industry, we have proven that we can produce 24/7 carbon-free energy resources in new geographies across the world," Tim Latimer, the CEO of Fervo Energy, said in a written statement.
Source: CNBC
