08-25-2026SUBSCRIBER EXCLUSIVE

A massive clean energy IPO made enhanced geothermal the hot renewable. What has to happen next for it to succeed

Fervo Energy can deliver always-on energy generated from the Earth’s heat. Now its first utility-scale power plant will test what it takes to turn enhanced geothermal into a scalable industry.

For decades, geothermal was the clean energy technology that was stuck in the margins, a tiny sliver on a pie........

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