This is the best summary I could come up with:
Hot on the heels of the successful completion of its grid-connected geothermal power plant in Nevada, Fervo Energy is raising $221 million per SEC documents, TechCrunch has exclusively learned.
The Houston-based company is one of several enhanced geothermal startups that are racing to tap heat deep in Earth’s crust.
Previous geothermal plants have only scratched the surface by accessing hot springs or shallower rock formations.
Fervo uses directional drilling techniques pioneered by the oil and gas industry to extend its wells far beyond their surface footprints.
Those sensors then feed data to teams on the surface, who use them to map subsurface heat patterns and monitor the performance of each well.
Early angel investors include Jeff Bezos, Richard Branson, Bill Gates and Masayoshi Son.
The original article contains 442 words, the summary contains 124 words. Saved 72%. I’m a bot and I’m open source!
Attention: geothermal energy is apparently non-renewable, most of the time.
This is because the heat generated underground is minuscule. Most of the heat is stored there for thousands of years, and only slowly regenerated by radioactive decay from the earth’s core. So for most practical applications, if you consume geothermal energy, it takes a very long time for it to regenerate.
