Two Geothermal Bets Are Starting to Undercut Nuclear on Cost

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…