“Fervo Energy, the leader in next-generation geothermal energy, today held its second annual Technology Day, announcing a suite of both technical and commercial breakthroughs. In the last year, Fervo drilled 15 wells at Cape Station, achieved record-breaking commercial flow rates at the site’s first well test, and secured a $100 million construction loan from X-Caliber Rural Capital to accelerate its operations…

The 30-day test, a standard for geothermal, achieved a maximum flow rate of 107 kg/s at high temperature, enabling over 10 MW of electric production, triple the per production well output of Fervo’s commercial pilot, Project Red.”

From Business Wire.