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Two Geothermal Bets Are Starting to Undercut Nuclear on Cost

By ZeroHedge – Jul 13, 2026,

• Fervo’s third-generation well design cut drilling time 70%, with its latest well reaching 19,448 feet in just 21 days.
• Quaise Energy closed the first tranche of a $134 million Series B, pushing total funding to roughly $230 million for its superhot geothermal plant in Oregon.
• Fervo’s Cape Station is tracking toward $5,500/kW installed, well below the $10,000 to $15,000/kW final cost of Georgia’s Vogtle nuclear reactors.

…………………………………………………………………………….. https://oilprice.com/Alternative-Energy/Geothermal-Energy/Two-Geothermal-Bets-Are-Starting-to-Undercut-Nuclear-on-Cost.html

July 16, 2026 - Posted by Christina Macpherson | ENERGY, USA