US Geothermal Companies Are Spending Big on Federal Land Leases
Fervo’s Cape Station in Utah, which is expected to begin delivering clean power to the grid in 2026.
Photo courtesy of Fervo
Geothermal energy in the US has been on a tear this year. Stocks are up and startups are raising large amounts of capital. Today’s newsletter shows that they’re putting some of that capital to use, paying record prices to snap up federal land leases.
Plus, we share a scoop about FEMA’s internal hunt for employees who anonymously signed a whistleblower letter. You can read these stories on Bloomberg.com.