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Advanced geothermal startups are just getting warmed up

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Tech and VC heavyweights join the Disrupt 2025 agenda

Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They’re here to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise.

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Advanced geothermal startups are just getting warmed up Tim De Chant AM PDT · September 3, 2025 When Congressional Republicans took a sledgehammer to the Inflation Reduction Act last summer, advanced geothermal startups were largely spared. Drilling for renewable energy appears to be one of the few things that engenders bipartisan support.

Now, with the uncertainty settled, geothermal companies are announcing deals that promise to pave the way for broader deployment of their technology.

Houston-based Fervo Energy said on Tuesday it has picked a supplier for key parts of its power plants, signaling that the second phase of the Cape Station project in Utah was moving full steam ahead. The startup said that Baker Hughes would design and deliver five steam turbines. Altogether, they’ll generate 300 megawatts of electricity 24/7, enough to power around 180,000 homes.

Fervo is one of several startups pursuing deeper, hotter geothermal wells. The company has adapted directional drilling techniques used

Behind the Baker Hughes deal is $206 million in financing that Fervo secured in June, which is split between $100 million in project-level preferred equity from Breakthrough Energy Catalyst, a $60 million bump to an existing loan from Mercuria, and $45.6 million in bridge debt financing from an X-Caliber Rural Capital affiliate. Trump energy secretary Chris Wright oversaw an investment into Fervo in 2022 when he was CEO of Liberty Energy.

Meanwhile, fellow startup Sage Geosystems said last week that it had signed an agreement with geothermal developer Ormat Technologies to deploy its technology at one of Ormat’s existing power plants.

If all goes as planned, Ormat will license Sage’s “Pressure Geothermal” technology, which injects water into fractured rock under pressure, where it absorbs heat. When the water returns to the surface, Sage harvests both the heat and pressure from it, using both to spin turbines to generate electricity.

Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just a few of the heavy hitters joining the Disrupt 2025 agenda. They’re here to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $600+ before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They’re here to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | October 27-29, 2025 REGISTER NOW Because geothermal power plants generate heat round the clock, they’ve attracted the interest of data center developers. A recent analysis said that the technology could generate enough electricity to supply nearly two-thirds of data center demand

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Tim De Chant Senior

Tim De Chant is a senior climate

De Chant is also a lecturer in MIT’s Graduate Program in Science Writing, and he was awarded a Knight Science Journalism Fellowship at MIT in 2018, during which time he studied climate technologies and explored new business models for journalism. He received his PhD in environmental science, policy, and management from the University of California, Berkeley, and his BA degree in environmental studies, English, and biology from St. Olaf College.

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October 27-29, 2025 San Francisco Put your brand in front of 10,000+ tech and VC leaders across all three days of Disrupt 2025. Amplify your reach, spark real connections, and lead the innovation charge. Secure your exhibit space before your competitor does.Last day to book is September 5

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