[Current Date], USA – The geothermal energy sector is experiencing significant advancements in 2025, driven by innovative technologies like directional drilling and hydraulic fracturing. These methods are unlocking geothermal resources in previously inaccessible locations, paving the way for wider adoption of this clean energy source.
Fervo Energy is at the forefront of this revolution, developing a 500-megawatt geothermal plant in Utah. This project demonstrates the viability of enhanced geothermal systems (EGS) and their potential to provide a continuous and stable energy supply. On April 15, 2025, Fervo Energy announced a 15-year power purchase agreement with Shell Energy North America for 31 megawatts of geothermal power from its Cape Station project, set to commence operations in 2026.
The International Energy Agency (IEA) projects that with continued technology improvements and cost reductions, geothermal energy could meet up to 15% of global electricity demand growth by 2050. The IEA estimates that costs for next-generation geothermal could fall by 80% by 2035, making it one of the cheapest dispatchable sources of low-emissions electricity. This progress is attracting interest from various sectors, including technology companies seeking to power energy-intensive data centers.