geothermal

CES, Enterprise

AirMyne Harnesses Geothermal Energy for Direct Air Carbon Capture Expansion

That’s one way to think about direct air capture, a technology which uses machines to pull carbon dioxide straight from the atmosphere. The ability to use heat from geothermal energy, Cyffka said, is helpful. Geothermal is a really promising pathway for where DAC needs to go.”Along those lines, the company is working with Fervo, pairing its carbon capture system with the geothermal startup’s advanced geothermal project in Utah. In 2026, AirMyne is planning to deploy its carbon capture technology to a sequestration site in San Joaquin County, California, where it will be injected underground. Still, the demand for carbon capture is likely to be so large that the market will have space for several different companies.

Kira Kim
March 20, 2024
1,993 Comments

Startups

Fervo Energy Secures $221 Million in Latest Funding Round, According to Filed Documents

Fervo Energy Project Red Rig 2 2048x1367 1

Hot on the heels of the successful completion of its grid-connected geothermal power plant in Nevada, Fervo Energy is raising $221 million per SEC documents, TechCrunch has exclusively learned. Previous geothermal plants have only scratched the surface by accessing hot springs or shallower rock formations. Fervo uses directional drilling techniques pioneered by the oil and gas industry to extend its wells far beyond their surface footprints. Once those wells are drilled, Fervo then strings them with fiber optic cables connected to a range of sensors. Previous investors include BHP Ventures, Breakthrough Energy Ventures, Congruent Ventures, DCVC, and Prelude Ventures.