Crypto
13 Jul 2026, 20:00Two Geothermal Bets Are Starting to Undercut Nuclear on Cost
Two Geothermal Bets Are Starting to Undercut Nuclear on Cost By ZeroHedge - Jul 13, 2026, 3:00 PM CDT Fervo's third-generation well design cut drillin
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Two Geothermal Bets Are Starting to Undercut Nuclear on Cost By ZeroHedge - Jul 13, 2026, 3:00 PM CDT Fervo's third-generation well design cut drilling time 70%, with its latest well reaching 19,448 feet in just 21 days. Quaise Energy closed the first tranche of a $134 million Series B, pushing total funding to roughly $230 million for its superhot geothermal plant in Oregon. Fervo's Cape Station is tracking toward $5,500/kW installed, well below the $10,000 to $15,000/kW final cost of Georgia's Vogtle nuclear reactors.
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