TechCrunch Startup News Advanced geothermal startups are getting warmed up and Fizz expands into grocery delivery
Sep 3, 2025
Advanced geothermal startups are heating up with bipartisan support, creating opportunities for innovative drilling and strategic partnerships. Companies like Fervo Energy and Sage Geosystems are making strides to enhance renewable energy generation. Meanwhile, Fizz is changing the game for college students by launching grocery delivery through a partnership with Gopuff, allowing for quick access to snacks and essentials right from the app.
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Geothermal Benefited From Bipartisan Support
- Advanced geothermal firms won bipartisan support and avoided major cuts to the Inflation Reduction Act.
- That political stability unlocked deals and financing, accelerating project deployment like Fervo's Cape Station Phase 2.
Fervo Scales With Industry Partnerships
- Fervo Energy contracted Baker Hughes to supply five steam turbines for 300 MW of continuous power.
- The deal follows $206M in financing from Breakthrough, Mercuria, and bridge lenders to fund Phase 2.
Deep Drilling Unlocks High-Temp Heat
- Fervo uses directional drilling to tap ~16,000 ft where rock temperatures reach ~520°F.
- Deeper, hotter wells enable continuous high-temperature output suitable for baseload power.