The ‘clean transition tariff’ won approval in Nevada. What’s next for Fervo?

The Nevada Public Services Commission approved the Clean Transition Rate (CTT), a pioneering tariff structure agreed last year by Google, Nevada utility, NV Energy, and geothermal developer Fervo Energy. This new type of tariff allows large energy consumers to pay a premium and invest in clean and reliable electricity as well as emerging technologies. It also provides a model that can be replicated and scaled up by large customers and utilities …

The ‘clean transition tariff’ won approval in Nevada. What’s next for Fervo?

It was nearly a year ago that Google and the Nevada utility NV Energy unveiled the clean transition tariff, a novel rate structure that would allow large customers to pay a premium for power from emerging energy technologies. The third member of the cohort was enhanced geothermal company Fervo Energy, the developer whose project would be the subject of the first-of-a-kind funding model. The CTT, the three companies explained at the time, would e…