Loading...
Loading...
Browse all stories on DeepNewz
VisitSouthern California Edison to Procure 300 MW Geothermal Power from Fervo Energy by 2026
Jun 25, 2024, 07:24 PM
Southern California Edison, a unit of Edison International, has signed a deal to procure geothermal power from Fervo Energy. This marks a significant advancement for geothermal energy, a renewable energy source that harnesses heat from the Earth. Geothermal power plants have been minor contributors to California’s energy landscape for decades but are now poised to play a larger role. Fervo Energy will supply California with 300 MW of Enhanced Geothermal Systems (EGS) starting in 2026. The company also has a 400 MW EGS plant in Utah and a 115 MW unit under construction in Nevada. This development is seen as a major step towards achieving 100% clean energy and reducing reliance on coal and gas plants. Fervo’s CEO, Tim Latimer, stated that the technology is now 'bankable and ready for prime time.'
View original story
Markets
Yes • 50%
No • 50%
Public announcements from Fervo Energy or regulatory filings
No • 50%
Yes • 50%
Public announcements from Fervo Energy or regulatory filings
No • 50%
Yes • 50%
Public announcements from Southern California Edison or regulatory filings
600 MW to 800 MW • 34%
Less than 600 MW • 33%
More than 800 MW • 33%
Public announcements from Fervo Energy or regulatory filings
10% to 15% • 34%
Less than 10% • 33%
More than 15% • 33%
California Energy Commission reports
3% to 5% • 34%
Less than 3% • 33%
More than 5% • 33%
California Energy Commission reports