While the Trump administration keeps pushing domestic energy addition through funding vehicles and executive orders aimed at grid reliability and AI-driven demand growth, two next-generation geothermal developers just posted updates that move past announcements and into measurable progress on drilling and capital formation.
Fervo announced that its third-generation well design at Cape Station in Utah has lifted drilling rates by 143% compared with the first Cape well.
The latest well, Sawtooth 7, reached 19,448 feet measured depth, including a 7,500-foot lateral, in just 21 days. That’s a 70% reduction in drilling time versus the prior design generation, even as the team targets hotter rock at 460 degrees Fahrenheit and larger casing diameters for higher output per well.
Phase I at Cape Station remains on track for first power later this year, with Phase
