Enhanced Geothermal

Mazama Energy secures $135M Series B to advance super-hot-rock geothermal drilling

Mazama Energy closed an oversubscribed $135 million Series B round led by Centaurus Capital and Doerr Capital, with Vinod Khosla among earlier backers. The funds will support horizontal drilling into super-hot rock formations in Oregon, where each well could generate up to 15 megawatts, and the company now estimates the site could ultimately yield 10 gigawatts of power, double last year's projection.

techcrunch.com · 2026-09-18

Fervo Energy's first utility-scale plant to test enhanced geothermal's scalability

Fervo Energy is launching its first utility-scale power plant, aiming to prove that enhanced geothermal technology can produce reliable, round-the-clock clean energy at commercial scale. The project follows a period in which geothermal has lagged far behind solar and wind as a share of the renewable energy mix.

fastcompany.com · 2026-08-25