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01 / 05
New Results Show Rapid Geothermal Advancement

Fervo Energy | Energy Production

New Results Show Rapid Geothermal Advancement

“Fervo has consistently reduced drilling times and costs in horizontal, high-temperature, deep granite drilling. Though Cape wells are hotter and over 2,100 feet deeper than Project Red wells, Fervo drilled its fastest Cape well in just 21 days, a 70% reduction in drilling time from Fervo’s first horizontal well drilled at Project Red in 2022. This increase in drilling efficiency has translated into significant cost reductions, with drilling costs across the first four horizontal wells at Cape falling from $9.4 million to $4.8 million per well.”

From Fervo Energy.

S&P Global | Energy & Natural Resources

US DOE Finalizes Rules to Speed Transmission Permitting

“Under the program, the DOE will coordinate efforts across eight other agencies to prepare a single environmental review document for transmission developers seeking federal approvals. The program also establishes a two-year timeline for the permitting process.

‘The CITAP program gives transmission developers a new option for a more efficient review process, a major step to provide increased confidence for the sector to invest in new transmission lines,’ the DOE said in a fact sheet.

A second final rule creates a categorical exclusion — the simplest form of review under the National Environmental Policy Act — for transmission projects that use existing rights of way, such as reconductoring projects, as well as solar and energy storage projects on already disturbed lands.”

From S&P Global.

New Scientist | Energy Production

Nuclear Fusion Experiment Overcomes Two Key Hurdles

“A nuclear fusion reaction has overcome two key barriers to operating in a ‘sweet spot’ needed for optimal power production: boosting the plasma density and keeping that denser plasma contained. The milestone is yet another stepping stone towards fusion power, although a commercial reactor is still probably years away.”

From New Scientist.