Everything We Didn't Know About the World’s Buzziest Geothermal Startup

Fervo Energy has become a darling of the clean energy industry by using workers and technology from the oil and gas sector to unlock zero-carbon, all-day geothermal electricity. Last week, Fervo filed to go public, giving us the first deep look at its finances and long-term expansion plans. What’s the bull case, the bear case, and the fine print?

On this week’s episode of Shift Key, Rob is joined by Jesse Jenkins, a professor of energy systems engineering at Princeton University, as well as Heatmap’s Matthew Zeitlin to discuss the big news from Fervo’s new filing. Why are people so excited about Fervo? What are the biggest financial questions in its growth plans? And why does it need to go public now?

Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap News.

You can find a full transcript of the episode here.

Mentioned:

From Heatmap: 8 Things We Learned From Fervo’s IPO Filing

Jesse’s report on how to scale geothermal nationwide through experience-induced cost reductions

Jesse’s report on how geothermal can be a flexible resource, like natural gas

This episode of Shift Key is sponsored by ...

Salesforce is the No. 1 AI CRM, where humans with agents drive success together. We invest in bold climate technologies and leverage agentic AI to accelerate nature-based solutions that benefit people and the planet. Learn more.

Music for Shift Key is by Adam Kromelow.

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