Energy company sets out on multimillion-dollar project to tap into hot rocks deep underground: 'Ready to play a defining role'

Energy company sets out on multimillion-dollar project to tap into hot rocks deep underground: 'Ready to play a defining role'

Thanks to a recent round of funding, a new geothermal project in Utah is ready to get off the ground — or, rather, under it. ESGtoday reported that geothermal energy company Fervo Energy has raised an additional $206 million to accelerate the development of its first greenfield development, Cape Station, located in Beaver County, Utah. The station, which generates geothermal energy, will contribute 100 megawatts to the grid in its first stage by…