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Advanced geothermal gains steam with major supplier deals, targeting 2/3 of data center demand by 2030 through enhanced drilling and fractured‑rock pressure systems

September 8, 2025 //  by Finnovate

Geothermal companies are announcing deals that promise to pave the way for broader deployment of their technology. Fervo Energy 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, the major oil field services and energy technology company, would design and deliver five steam turbines. Altogether, they’ll generate 300 megawatts of electricity 24/7, enough to power around 180,000 homes. The company has adapted directional drilling techniques used by the oil and gas industry to tap rocks nearly 16,000 feet below the surface. At that depth, temperatures are expected to maintain a steady 520˚ F. Meanwhile, fellow startup Sage Geosystems 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. Because geothermal power plants generate heat around 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 by 2030.

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