Geothermal know-how has huge potential to energy the planet and Fervo desires to faucet it – TechCrunch
Tapping the geothermal vitality saved beneath the Earth’s floor as a option to generate renewable energy is among the new visions for the long run that’s captured the eye of environmentalists and oil and gasoline engineers alike.
That’s as a result of it’s not solely a option to generate energy that doesn’t depend on greenhouse gasoline emitting hydrocarbons, however as a result of it makes use of the identical skillsets and experience that the oil and gasoline business has been honing and refining for years.
A minimum of that’s what drew former the previous completion engineer (it’s not what it appears like) Tim Latimer to the business and to launch Fervo Power, the Houston-based geothermal tech developer that’s picked up funding from none apart from Invoice Gates’ Breakthrough Power Ventures (that fund… is so busy) and former eBay government, Jeff Skoll’s Capricorn Funding Group.
With the brand new $28 million